LONDON (TheStreet) -- BP (BP) shares were higher Friday, a day after the oil giant's CEO was grilled on Capitol Hill and two days after BP said it would establish a $20 billion fund to cover damage from the oil spill in the Gulf of Mexico and halt dividends for the rest of the year.
BP shares were higher by more than 3% Friday in trading on the London Stock Exchange.
The stock rose 6.7% on Thursday, a day after BP executives met with President Barack Obama and agreed to set up the damage fund.
-- Reported by Joseph Woelfel in New York.Follow TheStreet.com on Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV