BP's Trading Volume Plummets 78.59% Ranking 307th in Market Activity

On March 24, 2025, BP's trading volume was $304 million, a significant 78.59% decrease from the previous day, ranking 307th in the day's stock market activity. BP's stock price fell by 1.27%, marking the second consecutive day of decline, with a total decrease of 1.84% over the past two days.

BP has agreed to sell a 25% stake in its subsidiary, BP Pipelines TANAP, to Apollo Global Management for $1 billion. This transaction is part of BP's broader strategy to raise capital and reduce debt, with the proceeds contributing to its $20 billion divestment goal by 2027. The deal is expected to close in the second quarter, subject to regulatory and shareholder approvals.

BP's new strategy focuses on fossil fuels, reversing its previous shift toward renewable energy. The company is also reviewing the potential sale of its Castrol lubricants business, which could be worth up to $10 billion. This strategic reset has received a mixed response from investors, with some expressing concerns about the lack of urgency and ambition in the plan.