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Why BPs' Stock Is Trading Higher Today

Tanzeel Akhtar
·1-min read

BP plc (NYSE: BP) shares are trading higher on Wednesday.

The shares of several oil companies are trading higher amid multiple positive catalysts. Economic recoveries in the US and China have led to a positive demand outlook, while investors also watch for developments concerning OPEC+ production cut talks.

BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2019, it produced 2.3 million barrels of liquids and 9.5 billion cubic feet of natural gas per day, including volumes from its 20% ownership interest in Rosneft. The company operates refineries with a capacity of 1.9 million barrels of oil per day.

BP's shares were trading 3.59% higher at $25.84 on Wednesday. The stock has a 52-week high of $42.70 and a 52-week low of $15.51.

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