FTSE 100 news / Companies and sectors / Oil and gas / 21 October 2026
Oil and gas: sector news on Wednesday 21 October 2026
Average tone +2.3 (slightly positive) across 3 companies with relevant coverage, from 15 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| Ithaca Energy | −3.3 | 7 | Coverage was mostly about Ithaca warning it could stop UK investment if Rosebank is rejected, alongside news that it is seeking a new CEO. |
| BP | +2.0 | 4 | Coverage was mixed: a subsea supply MoU with TechnipFMC, bullish commentary and a UBS Buy rating with a GBP 7.00 target were offset by BP flagging USD 3.0 billion of impairments ahead of its results. |
| Shell | +8.3 | 4 | Coverage of Shell was mostly positive, led by analyst price target moves from Mizuho and Jefferies. |
Strongest stories in the sector
- +10.0 Mizuho raises target for Shell stock from USD 98 to USD 103 - ad-hoc-news.de
Mizuho raises price target from USD 98 to USD 103. - +9.2 BP stock: UBS sets a GBP 7.00 target for BP stock at Buy rating
UBS Buy rating with GBP 7.00 target. - +9.2 Shell stock: Jefferies sets GBP 45.00 target for Shell stock
Jefferies sets a GBP 45 price target. - −8.0 BP flags USD 3.0 billion impairments: October results test BP stock - ad-hoc-news.de
USD 3.0 billion impairments flagged ahead of results. - +7.5 FTSE 100 movers: Ithaca and Shell rally; miners fall
Ithaca named as a leading FTSE 100 riser on the day. - +7.5 Shell's Latest LNG Move Has Me Rethinking My Oil Major Pecking Order. Here's Where I'd Rank Exxon and Chevron Now.
Shell's LNG move prompts analyst to view it favourably. - +7.0 TechnipFMC and bp Sign MoU for Supply of 20K Subsea Production Systems
MoU for large subsea systems supply; positive for project pipeline. - −7.0 Rosebank Delays Put Ithaca's Future UK Investments at Risk
Rosebank delays put future UK investment at risk. - −6.7 Cambo owner Ithaca to stop UK investment if Rosebank is rejected
Threat to halt UK investment if Rosebank rejected signals regulatory risk. - +6.7 Are You Looking for a Top Momentum Pick? Why Shell (SHEL) is a Great Choice
Momentum screen presents Shell as a strong pick. - −6.3 UK: Ithaca Energy threatens to halt investment if government blocks Rosebank field
Threat to halt investment over possible Rosebank block. - +5.2 Bullish on BP PLC
Bullish commentary on BP shares, though details are limited.