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.

More from Stocks

How Small-Cap Stocks Can Protect Your Portfolio From a Trade War

How Small-Cap Stocks Can Protect Your Portfolio From a Trade War

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

3 Great Stock Market Sectors Millennials Should Invest In

3 Great Stock Market Sectors Millennials Should Invest In

Why Millennials Are Ditching Stocks for ETFs

Why Millennials Are Ditching Stocks for ETFs

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says