BP, Shell Shares Drop on Weakening Oil Prices -- Market Talk

Dow Jones

2025/05/01

0959 GMT - Shares in Shell and BP drop after U.S. oil prices slipped below $60 a barrel. Growing concerns around an economic slowdown and speculation that OPEC might lift production again in June caused oil prices to fall, investment director at AJ Bell Russ Mould writes. A weaker oil price environment will put pressure on European energy companies' ability to return cash to shareholders and could cause debt to rise. In mid-morning trade, BP shares fall 2.4% to 342.05 pence while Shell drops 1.5% to 2,404.50 pence. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

May 01, 2025 06:00 ET (10:00 GMT)

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Growing concerns around an economic slowdown and speculation that OPEC might lift production again in June caused oil prices to fall, investment director at AJ Bell Russ Mould writes. A weaker oil price environment will put pressure on European energy companies' ability to return cash to shareholders and could cause debt to rise. In mid-morning trade, BP shares fall 2.4% to 342.05 pence while Shell drops 1.5% to 2,404.50 pence. 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Growing concerns around an economic slowdown and speculation that OPEC might lift production again in June caused oil prices to fall, investment director at AJ Bell Russ Mould writes. A weaker oil price environment will put pressure on European energy companies' ability to return cash to shareholders and could cause debt to rise. In mid-morning trade, BP shares fall 2.4% to 342.05 pence while Shell drops 1.5% to 2,404.50 pence. 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Growing concerns around an economic slowdown and speculation that OPEC might lift production again in June caused oil prices to fall, investment director at AJ Bell Russ Mould writes. A weaker oil price environment will put pressure on European energy companies' ability to return cash to shareholders and could cause debt to rise. In mid-morning trade, BP shares fall 2.4% to 342.05 pence while Shell drops 1.5% to 2,404.50 pence. (adam.whittaker@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 01, 2025 06:00 ET (10:00 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}