Buy BP shares: Everything you need to know 555.9

Own BP shares in just a few minutes.

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The easiest way to buy BP shares is through an online share dealing platforms. These platforms let you buy shares in companies and manage your portfolio online or through an app.

Compare the UK’s leading share dealing accounts below to find the best option for you.

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BP share price at a glance

  • Code: BP
  • Exchange: LSE
  • Open: $561.8
  • Previous close: $557.9
  • Trade high: $563.045
  • Trade low: $555.9
Degiro Share Dealing

Degiro Share Dealing

  • Great for investors looking to buy and hold shares
  • Some of the lowest fees in the market
  • Access to millions of shares in international markets
  • Easy to buy and manage shares online
  • Capital at risk, investments may fall

How to buy shares in BP

  1. Choose a share dealing platform. Sometimes called a broker, or a share trading platform. Don’t worry if you’re a beginner, our table below will help you pick the right one for you.
  2. Open your account. You’ll need a passport or ID and your bank details. Usually you’re asked to enter name, email, date of birth, address, national insurance number and employment status.
  3. Confirm your payment details. You’ll need to fund your account with a bank transfer, debit card or credit card.
  4. Find the shares you want to buy. Search the platform you’ve chosen and buy shares. It’s that simple.

Share dealing platform comparison

Updated July 17th, 2019
Name Product Price per trade Frequent trader rate Platform fees
£1.75 + 0.022% (max £5.00)
£1.75 + 0.022% (max £5.00)
Portfolio transfer fees (in & out)
Your capital is at risk.
from £7.50 on the Frequent Dealer Option (or 1% minimum £7.50)
£24 per quarter
£2.00 for a Share Account
Your capital is at risk.
From £7.99 on the Investor Service Plan
From £7.99 on the Investor Service Plan
No transfer fees or exit fees. £9.99 a month on the Investor Service Plan
Your capital is at risk.
£8
From £5
£0 - £24/quarter
Your capital is at risk.
£11.95
£5.95
Transfer out fee
Your capital is at risk.

Compare up to 4 providers

warning icon The value of investments can fall as well as rise, and you may get back less than you invested. Past performance is no guarantee of future results.

BP share price

Use our graph to track the performance of BP stock over time.

What affects BP’s share price?

When buying or selling shares in a company it’s important to keep an eye on current affairs related to the company. We will talk you through some of the key things to keep an eye on when trading BP shares.

  • Financial reporting. It’s a good idea to know when BP will be releasing the financial reports, this will let you know how the company is performing and will have a big impact on the share price. BP reports annually on the 30th September each year.
  • Company news. It’s important to keep up to date on the company news – for example, is BP planning to release a new phone in the next few months? Are they looking to move into a new country or market? Are they hiring/firing staff? All of these events will have an impact on the share price of BP.
  • Wider news. You should also be aware of other external events and news that may have an impact on BP’s share price – for instance, news about the mobile industry or their competitors.
  • Does the company pay dividends? If a company pays dividends, it means they pay some of their profits back to shareholders. Currently, BP does pay dividends on their shares.
  • Shareholder meetings. These are often held annually and invite large shareholders to attend meetings and vote on matters relating to the company. It is a good idea to know when these are, as they may hold importance over the direction of the company. BP host a shareholder meeting annually in February.

Buying overseas stocks

First things first, you should check if the platform you’re considering allows you to hold foreign shares. Whether you’re looking at a dealing account, a stocks and shares ISA, or a SIPP (self invested personal pension), different trading providers have different rules.

Under HMRC rules, you’re allowed to hold shares listed on a ‘recognised stock exchange’. Your provider, however, may not allow it. So, check what stocks you’re able to hold with the share dealing platform you’re considering.

Checklist before you invest in any company

  • What does the company do? This might sound silly with a company like BP, but can you explain what the company does in a few sentences? If you can’t, maybe you should go back to the drawing board.
  • Is it making profits? This is a seemingly simple question. If you’re not sure whether a company is profitable, this could be a warning sign. If you want you can read BP’s quarterly or annual earnings reports and take a look at the figures for yourself.
  • Who are the main competitors? Every company operates alongside competitors. Before you invest you need to know if the company is the market leader, a newcomer, a fast-growing disrupter, and so on. If the company you’re considering investing in is global facing, you need to keep an eye on foreign competition too.
  • Who is running the company? You’re not be a one-person hedge fund (yet). Even a cursory look at this can tell you something about the company’s stability and management style.
  • Is the company’s position sustainable? If you’re investing for the long-term, you need to consider this question. If you’re looking for a short-term gain, perhaps this is less important.
  • Is there room for future growth? Linked to the question above, what is the outlook for the medium to long-term. Has your company reached its maximum size?

Frequently asked questions

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2 Responses

  1. Default Gravatar
    MichaelAugust 7, 2018

    which Broker should I invest buying BPshares?

    • Avatarfinder Customer Care
      JoshuaAugust 15, 2018Staff

      Hi Michael,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Whilst we are unable to give a recommendation on a specific option, let me help you make the right decision. By assessing your current and future needs, preference, and budget, you will be able to know which broker is the right one for you.

      Another thing you can do is compare your options through the table found on this page. The table is found under the subheading “Compare these platforms and trade BP shares.” By doing so, you will be able to see the pros and cons of each broker. Once you find the right one for you, then click the “Go to site” green button to learn more.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

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