The Motley Fool

Why are BP plc & Royal Dutch Shell plc rising even as the oil price falls?

When the price of a barrel of Brent crude oil bottomed and began rising back in January, so did the share prices of our two largest energy companies, BP (LSE: BP) and Shell (LSE: RDSB). So how have they shrugged off the recently weaker oil price to keep marching higher?

Sign up for FREE issues of The Motley Fool Collective. Do you want straightforward views on what’s happening with the stock market, direct to your inbox? Help yourself with our FREE email newsletter designed to help you protect and grow your portfolio. Click here to get started now — it’s FREE!

One of our top analysts has put together a BRAND-NEW free report for 2016 called A Top Growth Share From The Motley Fool, featuring a mid-cap firm enjoying strong growth that looks set to continue. To find out its name and why we like it for free and without any obligations, click here now!

Owain Bennallack owns shares of BP and Royal Dutch Shell B. The Motley Fool UK has recommended BP and Royal Dutch Shell B. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.