0751 GMT - BP's second-quarter update looks strong, with pricing benefits ahead of expectations and a robust trading performance, J.P. Morgan's Matthew Lofting and Tianyu Wu say in a research note. "We expect the shares to be supported [Tuesday], driven also by this week's Middle East-led move higher on oil," the analysts say. The U.K. energy group expects price realizations to lead to benefits of between $1.8 billion and $2.1 billion in its oil production-and-operations segment and of $500 million to $700 million in its gas-and-low carbon energy segment. These seem stronger than the BP's rule-of-thumb price sensitivity as pricing caught up with market moves in February and March, according to JPM. BP shares rise 2.75%. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

July 14, 2026 03:51 ET (07:51 GMT)

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