Department of Defense Pays BP $25 Million for Aviation Fuel

Recent figures show the Department of Defense issued a **$25 million** payment to **BP PRODUCTS NORTH AMERICA INC.** on **February 13, 2025**. This transaction was processed by the Defense Logistics Agency and can be verified through USASpending.gov.

Details of the award are as follows:

**8511188754! TURBINE FUEL, AVIATION**

This contract has been linked to **$BP**.

Government Contracts with BP

Over the past year, BP has received a total of **$353,637,965** in award payments from government contracts.

Highlighted below are some of the most significant awards received by BP in the last year:

• **8510728739! DISTILLATE, NAVAL:** **$25,516,008**
• **8511188754! TURBINE FUEL, AVIATION:** **$25,071,576**
• **8510776615! TURBINE FUEL, AVIATION:** **$24,632,580**
• **8510705414! DISTILLATE, NAVAL:** **$23,774,226**
• **8510756846! TURBINE FUEL, AVIATION:** **$23,322,628**

Congressional Trading of BP Stock

In the past six months, members of Congress have engaged in trading **$BP Stock** four times, with three purchases and one sale recorded.

Here is a summary of the recent congressional transactions involving **$BP Stock**:

Hedge Fund Activity Related to BP

According to recent data, **500 institutional investors** have recently increased their holdings in **$BP Stock**, whereas **566** have decreased their positions in the last quarter.

The following are some notable transactions:

• **FISHER ASSET MANAGEMENT, LLC** added **37,651,668 shares** (+161.3%) in Q1 2025, totaling approximately **$1,272,249,861**.
• **NORGES BANK** added **11,830,464 shares** (+121.8%) in Q4 2024, valued at around **$349,708,515**.
• **MILLENNIUM MANAGEMENT LLC** removed **10,226,101 shares** (-94.1%) in Q1 2025, amounting to about **$345,539,952**.
• **CITADEL ADVISORS LLC** added **6,326,823 shares** (+500.0%) in Q1 2025, worth approximately **$213,783,349**.
• **NOMURA HOLDINGS INC** removed **5,787,095 shares** (-35.9%) in Q1 2025, valued at around **$195,545,940**.
• **BANK OF MONTREAL /CAN/** removed **4,809,788 shares** (-93.2%) in Q1 2025, worth about **$162,522,736**.
• **POINT72 ASSET MANAGEMENT, L.P.** removed **3,806,123 shares** (-91.5%) in Q1 2025, totaling approximately **$128,608,896**.

This article does not constitute financial advice. For further information, review Quiver Quantitative’s disclaimers. Note that inaccuracies can occur due to ticker-mapping errors and other anomalies.

The views expressed in this article are solely those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.