Stock Movers BP Downgraded, Ocado Leaps, Greggs Up
Dec 5, 2025
Chloe Millay, a Bloomberg reporter, dives into the latest market developments affecting European stocks and the energy sector. She discusses how Bank of America has downgraded BP and Shell due to falling oil prices, raising concerns over cash flow. In an exciting turn, Ocado's shares spiked 16% after a significant $350 million compensation from Kroger, aiding their financial targets. Meanwhile, Greggs saw a 7% increase following a JP Morgan upgrade, indicating strong performance expectations amidst activist pressures.
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Oil Majors Face Cash Flow Pressure
- Bank of America and JP Morgan downgraded BP and Shell citing risks from lower oil, gas prices and falling refining margins.
- Chloe Millay says these pressures threaten cash flow and shareholder returns across the oil majors.
Analysts See Sector As Precarious
- Analysts warned oil could face oversupply, lower refining margins and weakening payouts to investors.
- JP Morgan described the sector as "precariously poised" heading into next year.
Ocado Gets A Big Kroger Payout
- Ocado surged after Kroger agreed to a $350 million cash payment tied to closing automated warehouses.
- Chloe Millay notes the larger-than-expected payment helps Ocado reduce debt and stabilise its outlook.