On July 13, BP rose 3.02% in regular trading, trading at $40.399/share, with turnover of $132 million. The stock gained alongside a broad oil and gas sector rally, with new CEO Meg O'Neill's 100-day strategic letter providing an additional catalyst.

O'Neill announced the simplification of BP into two core business units — Upstream and Downstream — with trading connecting both to create value. The plan emphasizes pushing decision-making closer to the frontline, strict capital expenditure discipline, cost reduction, and balance sheet strengthening. BP has also been actively reshaping its asset portfolio, selling its 37.2% interest in Canada's Bay du Nord project to Equinor and initiating minority stake sales in its Kaskida and Tiber deep-water Gulf of Mexico projects, each expected to produce approximately 80,000 barrels per day upon commissioning in 2029 and 2030 respectively.

Within the Integrated Oil and Gas sector, Exxon Mobil rose 3.02%, Petrobras rose 2.86%, Chevron rose 1.94%, Occidental rose 1.61%, and Shell rose 1.35%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)