Bp Share Price Rises 53% as Iran Peace Deal Looms
BP share price rose 53% over one year and 16% in the last three months as traders priced in Iran-linked oil volatility. A reported U.S.-struck peace deal could now push that run in the opposite direction. For holders, the move is no longer just about BP’s results; it is about whether geopolitics keeps supporting crude prices or cuts them back.
BP and Iran Deal Risk
53% is the one-year gain now sitting against a report on 25 May that the US had struck a peace deal with Iran. The deal would see Iran give up uranium and open the Strait of Hormuz, a route that matters because BP’s recent rise has been tied to oil-market and Iran-related volatility.
16% in the last three months shows how quickly the share price has moved even before that report hit. BP is still trading at roughly the same level as it did at the start of the millennium, after the dotcom crash in 2001, the financial crisis in 2007, the Deepwater Horizon tragedy in 2010 and the Covid lockdowns in 2020 all hit the stock.
£25bn is the hit BP took on its stake in Rosneft after the Ukraine war forced the company to reassess its exposure in 2022. That history leaves the stock more sensitive than many peers to shifts in energy prices and geopolitical shocks, because the same share can re-rate quickly when oil rises and just as quickly when supply fears ease.
Rachel Reeves and BP Taxes
£1.8bn is the size of the cost-of-living support package that helped drive Rachel Reeves to scrap a tax rule allowing oil and gas companies to offset UK profits against overseas losses. BP’s bumper profits also drew fresh attention from the Treasury, while the current windfall charge already accounts for around a third of the total taxes BP pays to the UK government.
£5.3bn was the increase in quarterly revenue to £52.3bn when BP released Q1 results on 28 April. The trading division benefited as customers raced to secure energy supplies, but the company’s share buybacks remained on hold, leaving investors to judge the cash flow against the pressure from higher taxes and policy risk.
8.2 was BP’s forward price-to-earnings ratio, with a forecast yield of 4.6%. Mark Rogers, stock tip newsletter editor, and other shareholders are left weighing a cyclical energy stock that has rerated sharply against the possibility that the latest Iran headline narrows the oil-price support that helped lift it.
