On July 29, BP PLC rose 3.72% in regular trading, trading at $43.4/share, with turnover of $44.75 million.

On the news front, BP announced the signing of a first-phase development production contract with Iraq, covering oil and gas reserves exceeding 3 billion barrels of oil equivalent. The company also welcomed Turkey Petroleum Company's participation in the Kirkuk oil field development project. ConocoPhillips had previously agreed to acquire a 42% interest in BP's Northern Iraq joint venture overseeing the redevelopment of four large-scale producing oil fields in the Kirkuk region, with overall investment scale reaching tens of billions of dollars. The accelerated project advancement is seen as supportive of BP's long-term upstream business growth outlook.

Additionally, multiple corporate groups including Carlyle Group, Energean Energy, Dragon Oil, and Artemis Energy are expected to submit bids for BP's offshore Egypt assets, indicating continued progress on the company's asset divestiture program as management focuses on balance sheet optimization and financial discipline.

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