FTSE 100 news / Companies and sectors / Oil and gas / 16 October 2026
Oil and gas: sector news on Friday 16 October 2026
Average tone −0.4 (neutral) across 3 companies with relevant coverage, from 24 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| Ithaca Energy | +1.3 | 10 | Coverage was mainly about chief executive Luciano Vasques announcing his retirement by the end of March 2027, which weighs a little. |
| Shell | −2.3 | 8 | Coverage was mixed but leaned negative, dominated by climate claims, a Pennsylvania pollution lawsuit and questions over the North Sea regulator's independence. |
| BP | −0.3 | 6 | Coverage was mixed: an analyst piece said BP is well ahead of schedule and UBS kept its 700p target, but BP expects USD 3.0 to 4.5 billion of impairments and one piece asked why so many investors are selling the shares. |
Strongest stories in the sector
- +8.3 BP p.l.c.: Way Ahead Of Schedule (NYSE:BP)
Analyst view says BP is well ahead of schedule. - −7.5 Why are so many investors selling BP shares?
Investors selling shares signals negative sentiment toward BP. - +7.0 Ithaca Energy (LSE:ITH) Suncor Deal Lifts Output Outlook: Key FTSE 100 Watch
Suncor deal lifts output outlook, positive for growth - −7.0 Shell Faces Climate Disaster Claims on Two Continents — From Brazil’s Deadly Floods to the Philippines’ Devastating Typhoon
Climate disaster claims against Shell on two continents. - −6.3 Shell Seeks Dismissal of Pennsylvania Pollution Lawsuit — Are Nearly $25 Million in Environmental Settlements Enough?
Shell faces Pennsylvania pollution lawsuit and past settlements. - −5.8 Shell Shares in the Watchdog’s Boardroom — Questions Grow Over Independence of UK’s North Sea Oil Regulator
Questions over North Sea regulator independence linked to Shell. - +5.0 Ithaca Energy (LSE:ITH) Acquisition Announcement: FTSE 100 Watch Today
Acquisition announcement viewed as a growth move - +5.0 SHEL Continues Portfolio Simplification, Divests Shell Nigeria Gas
Shell continues portfolio simplification by divesting Nigeria gas unit. - +3.7 Shell, HYDRA SUBSEA sign agreement for subsea tie-in pipeline installation
Shell signs subsea tie-in pipeline installation agreement. - −3.3 BP expects USD 3.0 to 4.5 billion impairments as UBS keeps GBp 700.00 target for BP stock - ad-hoc-news.de
Large expected impairments, partly offset by UBS keeping target. - +3.0 FTSE 100 Dividend Watch: What should income investors know about Ithaca Energy plc (LSE:ITH) before looking at the FTSE 100?
Dividend-focused piece, mildly positive for income appeal - −2.5 Ithaca Energy CEO Vasques to retire by end of March 2027
CEO retirement announced, leadership transition with long notice period