BP stock slips again in London as HSBC downgrade lands; dividend date and oil prices in focus
BP shares fell 0.8% to 454.4 pence in early London trade Friday, extending Thursday’s 3.1% drop after the company suspended its $750 million quarterly buyback and took $4 billion in asset charges. HSBC downgraded BP to “Reduce,” citing few near-term catalysts. Brent crude slipped 0.1% to $67.46 a barrel. BP’s Q4 dividend goes ex-dividend Feb. 19, with payment due March 27.