NEW YORK, Feb 16, 2026, 03:44 EST — Market closed.
- BP’s U.S.-listed shares last closed up 1.3% on Friday at $37.66.
- U.S. stock markets are shut on Monday for Presidents Day, pushing the next price check to Tuesday.
- Oil prices were little changed early Monday ahead of U.S.-Iran talks, keeping energy traders cautious.
BP’s U.S.-listed shares rose 1.26% to $37.66 at Friday’s close, a modest rebound after a volatile week for oil majors. (Investing)
That’s the last official U.S. print investors have. Wall Street is closed on Monday for Presidents Day, so trading resumes on Tuesday, Feb. 17. (MarketWatch)
The near-term swing factor is still crude. Brent was at $67.72 a barrel and U.S. WTI at $62.86 in early Monday trade, with investors watching for fallout from U.S.-Iran nuclear talks due in Geneva on Tuesday and possible OPEC+ supply increases from April. IG analyst Tony Sycamore called it “the calm before the storm,” while SS WealthStreet’s Sugandha Sachdeva warned thin liquidity could make moves jumpy. Reuters (Reuters)
BP is still digesting its own reset. The company said last week it would suspend share buybacks — when a firm repurchases its own stock — and steer excess cash to debt reduction as it leans back toward oil and gas, with CFO Kate Thomson telling Reuters: “I really don’t like taking impairments.” Reuters (Reuters)
That decision left BP out of step with parts of the peer group. Shell and Exxon have held firm on buybacks, while BP pointed to a tighter balance-sheet path, which puts more weight on commodity prices and execution rather than financial engineering.
Volume in BP’s ADRs on Friday was below its 50-day average, MarketWatch reported, after the stock outperformed a mixed broader market session. (MarketWatch)
For income-focused holders, the next date on the calendar is ex-dividend: Feb. 19 for ordinary shareholders and Feb. 20 for ADS holders, BP’s materials show. Bp (Bp)
The risk case is simple and it’s not subtle. A surprise turn in U.S.-Iran talks, or a clearer signal that more supply is coming, could pressure crude — and energy shares tend to follow. Thin holiday trading can exaggerate that move.
The next catalyst is Tuesday’s reopening in U.S. equities alongside the scheduled U.S.-Iran talks in Geneva, with traders also watching headlines on OPEC+ output plans and any shift in oil futures after the holiday break. (Reuters)
