BP plc ADR (BP)

BP p.l.c. Stock (BP) dropped by 4.62% from $38.35 to $36.58 in the trading on Tuesday October 31, 2023. The reason why BP stock down today is due to downbeat Q3 financial results. The company reported weaker-than-expected profits of $3.3B with revenue falling about 6.6% Y/Y. Additionally, BP extended its $1.5B share repurchase program and revised its FY2023 Capex outlook to $16B.