FTSE 100 news / Companies and sectors / Oil and gas / 9 October 2026
Oil and gas: sector news on Friday 9 October 2026
Average tone +7.2 (strongly positive) across 3 companies with relevant coverage, from 39 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| Shell | +4.5 | 20 | Coverage leaned positive, with analyst support from JPMorgan and TD Cowen, an upgraded production guidance, a strong Q3 outlook and a win in the New York greenwashing appeal. |
| Ithaca Energy | +8.3 | 11 | Coverage focused on Ithaca's Canadian acquisition, which prompted Fitch to place its rating on watch positive, alongside a Jefferies price target of 350p and its FTSE 100 entry. |
| BP | +8.7 | 8 | Coverage focused on BP shares rising by more than 3% and nearing a yearly high, helped by analyst upgrades and oil supply fears. |
Strongest stories in the sector
- +10.0 Oil Supply Fears and Analyst Upgrades Propel BP Shares Toward Yearly Peak
Shares nearing yearly peak on analyst upgrades - +9.2 JP Morgan favours UK supermajors as oil market risks build
JP Morgan favours UK supermajors including BP - +9.2 Fitch Puts Ithaca Energy Rating on Watch Positive After Suncor Canada Deal
Fitch rating watch positive after Canadian acquisition - +9.2 Fitch Places Ithaca Energy on Rating Watch Positive Over Purchase of Canadian Assets
Fitch positive watch over Canadian asset purchase - +9.2 Ithaca Energy Placed on Fitch Rating Watch Positive Following Canadian Acquisition
Fitch positive rating watch following Canadian acquisition - +9.0 Ithaca Energy Wins Positive Rating Watch After Canadian Deal
Positive rating watch after Canadian deal - +8.3 BP PLC Stock (BP) Moved Up by 3.50% on Oct 8: What Investors Need To Know
Stock rose 3.5% in the session - +8.3 US Stock Market Moves | Oil Stocks Rise Broadly, BP PLC (BP.US) Up Over 3%
Shares up over 3% as oil stocks rise - +8.3 JPMorgan sees strong Q3 for EU oil and gas, favors these major stocks
JPMorgan expects strong Q3 and favours major stocks - +8.3 Ithaca Energy stock expands in Canada with 103 million boe
Canadian expansion adds 103 million boe - +8.3 TD Cowen boosted target for Shell stock to USD 115
TD Cowen raised target price to USD 115. - +7.5 Delek stock rises 1.06 percent while Ithaca enters positive rating watch
Positive rating watch mentioned, though headline centres on Delek