Company Performance: Strong earnings, increased sales, and positive financial reports typically boost investor confidence, driving up the stock price. Conversely, poor performance can lead to price declines.

Oil Prices: As an energy company, BP's stock price is highly sensitive to fluctuations in global oil prices. Rising oil prices generally benefit BP, increasing profitability and stock value. Falling prices have the opposite effect.

Market Sentiment: General investor confidence and overall market trends influence BP's stock price. Bull markets tend to lift most stocks, while bear markets can drag them down, regardless of company-specific performance.

Geopolitical Events: Political instability, conflicts, and policy changes in regions where BP operates can significantly impact the company's operations and stock price. Regulations and taxes in those countries also are major factors.

Environmental Concerns: Accidents and spills or increased focus on climate change can negatively affect BP's stock price due to potential liabilities, reputational damage, and shifting investor preferences towards renewable energy.

Interest Rates: Changes in interest rates can influence borrowing costs for BP and impact its profitability. Higher rates could increase costs, while lower rates might stimulate investment and growth.