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May 13, 2026 12:01 PM

What's Going On With BP Stock Wednesday?

Oil major BP p.l.c. (NYSE:BP) said Wednesday it entered a production sharing agreement for six blocks in Uzbekistan's North Ustyurt region, marking its first project in the country.

The company acquired a 40% stake in the PSA from existing partners SOCAR and Uzbekneftegaz, which will each retain 30%, with SOCAR remaining operator.

The project is currently in its first phase, with seismic activities underway.

BP Earnings Beat Estimates As Revenue Climbs

Last month, BP reported adjusted earnings of $1.24 per American depositary share, sharply higher than 53 cents a year earlier.

Revenue rose to $52.26 billion from $46.91 ...