BP shares

Investors got an early jump on BP's earnings announcement, sending the stock about 4% higher in Monday in a positive reaction to the oil giant's anticipated ouster of CEO Tony Hayward in favor of Gulf cleanup czar Bob Dudley.

In addition to allaying fears about dilution, BP has have managed to find support from several analysts, including one at Royal Bank of Scotland who upgrade a stock recommendation to buy from hold on Tuesday.

Shares of troubled oil giant BP jumped more than 9% in London after an analyst outlined a possible scenario where rival Exxon would make a takeover play for BP.

As strange as it sounds, shares in beleaguered oil spiller BP both fell and rose in Tuesday trading. They lost 1.7% in London, BP's home stock exchange. But they jumped 2.3% in New York, where BP's American depositary shares are traded.

BP's stock fell more than 5% in early Wednesday trading as the company's CEO Tony Hayward prepared to meet with President Barack Obama over the Gulf oil spill. Late Tuesday the president delivered an address on the Gulf oil spill that was widely met with criticism.