FTSE 100 news / Companies and sectors / Oil and gas / 2 October 2026
Oil and gas: sector news on Friday 2 October 2026
Average tone +0.1 (neutral) across 3 companies with relevant coverage, from 20 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| Shell | −2.5 | 10 | Coverage leaned negative, with new Prelude court proceedings, the Kashagan dispute and questions over payouts after a crude selloff. |
| BP | +8.3 | 8 | Coverage focused on BP's strong September share performance and positive analyst moves, including a JPMorgan upgrade with a higher target and Wells Fargo's Buy rating. |
| Ithaca Energy | −5.7 | 2 | Coverage centred on political pressure on the government over an Israel-linked North Sea company, which weighs on Ithaca's reputation. |
Strongest stories in the sector
- +10.0 JPMorgan upgrades BP stock and lifts its target to GBp 675
JPMorgan upgrade and raised price target. - +9.2 Wells Fargo bullish on BP, downgrades Exxon Mobil amid valuation gap
Wells Fargo bullish on BP, favoured over Exxon. - +8.3 Wells Fargo Maintains BP PLC(BP.US) With Buy Rating, Maintains Target Price $57
Wells Fargo maintains Buy rating and $57 target. - +8.0 BP shares smashed the FTSE 100 in September – can they do it again this month?
Shares outperformed FTSE 100 in September. - +8.0 BP shares smashed the FTSE 100 in September – can they do it again this month?
Shares outperformed FTSE 100 in September. - +7.5 BP (LSE: BP) Shares Surged 10% In September — Here Is Whether The Rally Can Continue
Shares surged 10% in September; rally discussed positively. - −7.5 Zack Polanski issues test to UK government over Israel-linked North Sea company
Israel-linked North Sea company under political pressure; likely Ithaca, owned by Delek. - −6.7 Shell Australia FLNG Faces Two New Industrial Court Proceedings Over Prelude
New industrial court proceedings over Prelude FLNG are a labour and operational problem. - +6.3 Is It Worth Investing in BP (BP) Based on Wall Street's Bullish Views?
Bullish Wall Street views on BP. - +5.8 Are Investors Undervaluing BP (BP) Right Now?
Suggests BP may be undervalued. - −4.7 What history says about the Shell share price if oil hits $60 a barrel
Considers share price risk if oil falls to $60. - −4.2 Shell’s $5.2 Billion Kashagan Battle Collides With Its C$33 Billion LNG Canada Bet
Kashagan dispute colliding with LNG Canada commitments suggests financial and strategic pressure.