FTSE 100 news / Companies and sectors / Oil and gas / 17 October 2026
Oil and gas: sector news on Saturday 17 October 2026
Average tone +4.3 (positive) across 3 companies with relevant coverage, from 33 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| Ithaca Energy | −1.2 | 22 | Coverage was dominated by the announcement that chief executive Luciano Vasques will retire by March 2027 and that a successor search has begun. |
| Shell | +6.2 | 8 | Coverage was mostly positive, with Shell shares closing up 3% and JPMorgan lifting its price target. |
| BP | +7.8 | 3 | Coverage focused on BP shares reaching a 52-week high, helped by refining margins and debt reduction, with a further 3.6% rise noted. |
Strongest stories in the sector
- +10.0 BP Shares Touch 52-Week Peak as Refining Margins and Debt Reduction Reshape the Investment Case - ad-hoc-news.de
Shares at 52-week high on refining margins and debt reduction. - +9.2 Shell stock: JPMorgan lifts target to GBp 4,100 for Shell stock - ad-hoc-news.de
JPMorgan raises price target, supportive analyst view. - +7.0 Shell PLC Stock (SHEL) Closed Up by 3.00% on Oct 16: Drivers Behind the Movement
Shares closed up 3%, a clear positive price move. - +5.8 Key facts: BP PLC Sponsored ADR 42% sale; Iraq grants 4 Kirkuk fields
Iraq grants BP four Kirkuk fields, a positive project win. - +5.8 Shell Wins Canadian Reserves Disclosure Exemption — Twenty-Two Years After the Scandal That Shook Investor Confidence
Shell gains Canadian disclosure exemption, easing regulatory burden. - +5.5 Shell receives exemptive relief from Canadian securities regulatory authorities regarding future Canadian filings
Regulatory relief on future Canadian filings is helpful. - +5.0 Ithaca extends USD 1.80 billion facility, supporting Delek stock - ad-hoc-news.de
Credit facility extension supports financing position. - +5.0 Shell (LSE:SHEL) Could Be 2% Undervalued After Asset Sales And Stronger Margins
Valuation piece citing asset sales and stronger margins, mildly positive. - +4.7 BP PLC (BP) Stock Up 3.6% but GF Value Says Overvalued -- GF Sco
Share price up 3.6%, though valuation seen as stretched. - +4.2 Shell sells Nigeria gas unit: Shell stock sits at a USD 294.9 billion market value - ad-hoc-news.de
Sale of Nigeria gas unit, further disposals. - +3.7 Shell to sell French fuel stations to DCC Energy - Reuters (SHEL:NYSE)
Disposal of French fuel stations continues portfolio streamlining. - −1.7 Ithaca Energy chief to step down
Chief executive to step down.