Oil and gas: sector news on Saturday 24 October 2026
Average tone +6.3 (strongly positive) across 3 companies with relevant coverage, from 16 stories.
How to read a score. Each score rates how good or bad the news was for the company, from −10 (clearly bad) to +10 (clearly good). 0 is neutral, and anything beyond ±6 is strong and rare. It rates the coverage, not the share price.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| BP | +6.0 | 9 | Coverage was mainly about BP settling the Deepwater Horizon cases with Louisiana, alongside analyst support from Citi and TD Cowen ahead of results. |
| Shell | +6.3 | 5 | Coverage was mainly about Shell shares rising with higher oil prices, alongside an analyst view that refining should drive earnings higher. |
| Ithaca Energy | +6.7 | 2 | Coverage centred on Ithaca Energy shares gaining on Iran tensions, with valuation questions still raised, and on the Jackdaw approval putting it in focus alongside peers. |
Strongest stories in the sector
- +9.2 Analyst view says refining should lift earnings.
- +8.7 Among companies in the spotlight after Jackdaw's approval; favourable for Ithaca.
- +7.5 Citi sees valuation discount as opportunity before results.
- +7.0 Company announces resolution of long-standing Louisiana matters, framed as new chapter.
- +6.7 TD Cowen lifts its BP price target to USD 49 from USD 47.
- +6.7 Shell shares gain as oil prices rise above $114.
- +6.3 Settlement resolves long-running Deepwater Horizon coastal cases, removing legal overhang despite payout.
- +5.8 Shell shares lifted by higher oil prices.
- +5.7 Shares at discount to peers, framed as upside opportunity.
- +5.5 Results date set and shares reported up 2.81 percent.
- +4.2 Shares gained on Iran tensions, though valuation questions remain.
- +3.3 Shell backs Jackdaw decision; share price noted ahead of results.
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