BP Signs New Production Sharing Contracts in Indonesia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 26 2025
0mins
Source: aastocks
BP PLC's stock is down 4.19% in pre-market trading, hitting a 20-day low amid broader market gains.
The decline comes despite BP's recent announcement of signing three new production sharing contracts (PSCs) in Indonesia, which expands its footprint in the region to 11 oil and gas blocks. The new contracts, including the Bintuni and Drawa blocks, are strategically located near BP's Tangguh LNG project, enhancing its competitive position. Collaborations with partners such as CNOOC Southeast Asia and MI Berau are expected to drive resource development and meet stable energy demand in the long term.
This development reflects BP's confidence in the Indonesian market, but the stock's decline suggests sector rotation as the broader market, including the Nasdaq-100 and S&P 500, shows strength.
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Analyst Views on BP
Wall Street analysts forecast BP stock price to rise
11 Analyst Rating
5 Buy
5 Hold
1 Sell
Moderate Buy
Current: 41.590
Low
6.38
Averages
84.26
High
503.69
Current: 41.590
Low
6.38
Averages
84.26
High
503.69
About BP
BP p.l.c. is a United Kingdom-based integrated energy company. Its segments include Gas & low carbon energy, Oil production & operations, Customers & products, and Other businesses & corporate. The gas & low carbon energy comprises regions with upstream businesses that predominantly produce natural gas, gas marketing and trading activities and its solar, wind and hydrogen businesses. The oil production & operations segment comprises regions with upstream activities that predominantly produce crude oil, including bpx energy. The customers & products segment comprises its customer-focused businesses, which include convenience and retail fuels, electric vehicle (EV) charging, as well as Castrol, aviation and business-to-business (B2B) and midstream. It also includes its products businesses, refining and oil trading, as well as its bioenergy businesses. The other businesses and corporate also comprises the Company's shipping and treasury functions, and corporate activities worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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