0939 GMT - BP's better-than-expected performance in the second quarter and a large decline in net debt bode well for its shares ahead of the company's next strategic developments, Santander analysts say in a research note. The U.K. energy major's second-quarter update showed a strong performance across all divisions, the analysts say. Continued volatility in energy prices could remain a source of trading opportunities for BP in the coming months, they add. The situation in the Middle East and its implications for BP's strategy, alongside any guidance from new CEO Meg O'Neill on next moves, will be at the top of investors' minds when the company reports full earnings on Aug. 4, according to Santander. BP shares rise 2.3%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
July 14, 2026 05:39 ET (09:39 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.