BP Trades 50,000 Tons of Gasoline; Stock Drops 1% Amid Tariffs
BP recently engaged in the trading of 50,000 tons of gasoline, a significant move in the energy market. The transaction involved 26,000 tons of Eurobob E5 gasoline and 24,000 tons of Eurobob E10. This trading activity comes as refinery margins in Northwest Europe increased to $7.36 per barrel.
Impact of Tariffs on BP Stock
Despite the positive trading figures, BP’s stock experienced a decline of 1% in early trading. This drop is attributed to broader negative sentiment affecting European energy stocks.
Market Reaction to Tariff Threats
- The market has been unsettled by tariff threats from U.S. President Donald Trump.
- Eight European countries are specifically mentioned in relation to these potential tariffs.
- The decline in BP’s stock prices reflects this negative market environment.
Recent Stock Buyback Program
On January 19, 2026, BP executed a buyback program where it purchased 3,053,288 ordinary shares. This buyback was conducted on the London Stock Exchange and Cboe (UK), indicating BP’s commitment to shareholder value amidst fluctuating market conditions.
In summary, BP’s recent gasoline trade and ongoing buyback program show the company’s proactive approach. However, external factors like tariff threats significantly influence stock performance.
