London (CNN Business) 1. Strong BP: Shares in BP ( BP ) jumped 3.7% in London after the company wowed investors with its results for 2018.

BP went big on US shale last year, buying major oil assets from mining firmfor $10.5 billion. The investment paid off: profits in 2018 more than doubled over the previous year to $12.7 billion.

BP also said its oil and gas output soared to 3.7 million barrels a day, an 8.2% increase from 2017.

The US shale boom is lifting the oil and gas sector.andalso topped analyst expectations in recent weeks.

is set to report earnings after the closing bell. Analysts expect the entertainment giant to reveal a small decline in revenues for the first quarter of its fiscal year.

This will be a big year for Disney. It's on track to complete its purchase of most of Fox before June, and the company is also getting ready for the launch of its new streaming service, Disney+.

21st Century Fox FOX will report earnings on Wednesday.

3. Google results: Alphabet, GOOGL the parent company of Google, reported $39.3 billion in revenue for the final three months of 2018, an increase of 22% from the same period a year earlier.

The growth was fueled in large part by Google's advertising business. But the company also said it is now paying more to support its advertising business.

Alphabet said its traffic and acquisition cost — the money it pays to companies to run its ads and services — was $7.4 billion during the quarter, up from $6.5 billion a year ago. Its operating margin declined to 21%.

European markets opened with gains. Asia had a quiet day with markets in mainland China, Hong Kong and South Korea closed for holidays. Stocks in India and Japan traded higher.

5. Companies and earnings: Estee Lauder EL Ralph Lauren RL Viacom VIAB andwill release earnings before the open.

Electronic Arts EA Plantronics PLT Snap SNAP andwill follow after the close.

SoftBank SFTBF Slack said Monday that it has filed confidential paperwork to go public. The company has so far raised about $1.2 billion from investors includingand Accel. In August, Slack was valued at $7.1 billion.

Anheuser-Busch InBev BUD Media reports suggest thatis considering an IPO for its Asia business. According to the Wall Street Journal, the listing could happen in Hong Kong.

The company said in a statement that it is "committed to our businesses in the Asia Pacific region and excited about the potential in this geography."