Get a deeper insight into the potential performance of BP (BP) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Investors love dividend stocks, especially high-yield companies in the energy sector, because they offer a significant income stream and have substantial total return potential.
The interest puts CEO Murray Auchincloss under pressure to deliver better results quickly.
BP shares jumped on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major. Hedge fund Elliott Management has built its holding in the British oil major to 5.006%, according to a regulatory filing disclosed late Tuesday.
BP may be forced to cut or even scrap its share buyback programmes over the next year unless oil prices recover, analysts say, adding that would increase pressure on its already underperforming shares.
BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- Buybacks might take a slight hit, but dividends are safe Citigroup isn't expecting any panic in the oil patch just yet. In a new note on global oil and gas majors, analysts said the current economic uncertainty doesn't come close to the shocks seen during the financial crisis or the pandemic.
Dividend Harvesting Portfolio Week 215: $21,500 Allocated, $2,158.06 In Projected Dividends
BP, together with its partner CVX, operates the Far South field, situated 4 miles toward the north of the Constellation field.
BP PLC (LSE:BP.) made a deepwater oil discovery in the Gulf of Mexico/America, which it used to highlight its exposure to the USA.
In the latest trading session, BP (BP) closed at $26.59, marking a +1.37% move from the previous day.
BP PLC (LSE:BP.) has warned investors to expect a weaker start to the year from its natural gas trading business and a sharp rise in debt, according to early guidance for the first three months of 2025.