FTSE 100 news / Companies and sectors / Oil and gas / 7 October 2026
Oil and gas: sector news on Wednesday 7 October 2026
Average tone +6.2 (strongly positive) across 3 companies with relevant coverage, from 32 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| Shell | +6.3 | 17 | Coverage was mainly about Shell's upgraded third-quarter outlook, with stronger refining margins and higher gas output, plus the CEO's comments on Middle East oil flows. |
| Ithaca Energy | +7.7 | 9 | Coverage centred on Ithaca's $860M deal to buy Suncor's offshore Canada stakes, which takes it into a new region. |
| BP | +4.5 | 6 | Coverage was mostly upbeat, with a UBS Buy rating, Zacks bull picks and a focus on portfolio simplification for higher returns. |
Strongest stories in the sector
- +9.7 Shell upgrades Q3 production and refining outlook ahead of results
Upgraded Q3 production and refining outlook ahead of results - +9.2 Bull of the Day: BP plc (BP)
Bull of the Day highlight, favourable view. - +9.2 BP highlighted as Zacks Bull and MasterCraft Boat Bear of the Day
Named Zacks Bull of the Day, positive outlook. - +9.2 Ithaca Energy (LON:ITH) Given "Buy" Rating at Jefferies Financial Group
Jefferies Buy rating supports the shares - +9.2 Shell flags stronger refining margins as third-quarter gas output rises
Stronger refining margins and higher gas output flagged for Q3 - +8.7 Why Is Ithaca Energy (LSE:ITH) Leading The FTSE 100 After Its Suncor Asset Deal?
Ithaca leading FTSE 100 after the Suncor deal - +8.7 Shell Raises Q3 Integrated Gas Outlook As Refining Margins Improve
Raised integrated gas outlook, improved refining margins - +8.3 BP plc : UBS reiterates its Buy rating
UBS reiterates Buy rating. - +8.0 Ithaca Energy Expands Into Canada With $860M Suncor Offshore Assets Deal
Deal expands Ithaca into Canada, a new region - −7.5 BP Chair Who Sped Up Company’s Turnaround Fired Over Conduct
Chair fired over conduct, creating leadership disruption despite turnaround credit. - +7.5 Ithaca Energy to acquire Terra Nova, White Rose stakes offshore Canada from Suncor
Ithaca announces acquisition of offshore Canada stakes from Suncor - +7.5 Barclays raises target for Shell stock from GBp 4,700.00 to GBp 4,950.00
Barclays raises price target