BP, Shell Shares Drop on Weakening Oil Prices -- Market Talk
Dow Jones
May 01, 2025
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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