BP's size, asset complexity and limited buyer interest make a near-term takeover highly unlikely, say Moelis bankers.
Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Azerbaijan and BP signed agreements on building a 240 megawatt solar power plant in Karabakh, an Azerbaijani region retaken in 2023 from breakaway ethnic Armenian authorities.
The naming of the U.S. oil executive comes at a time when BP is seeking to more than double its production of oil and gas in the country by the end of the decade.
BP kicks off sale of Castrol as part of a $20B divestment push, targeting a leaner portfolio and sharper focus under CEO Auchincloss.
BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Markets surged on positive trade deals and Middle East investments, but I see Fed policy lagging and Moody's downgrade as overblown—pullbacks are buying opportunities. My Dividend Harvesting Portfolio hit a record $27,641.59, with a 2.87% weekly gain and forward annualized dividend income now at $2,213.76. Consistent contributions and reinvestment have driven strong dividend growth, with 2025 income up 38% year-over-year and the dividend snowball effect accelerating.
Estimates continue to move lower for BP as oil prices come under pressure and global slowdowns are threatened.
BP's shares surged on takeover speculation in May and the company submitted decent Q1 earnings last month, despite lower liquids realizations. BP generated fairly stable results in oil production in the first-quarter and continued to spend a lot of money on buybacks. The energy giant also has a long term capital framework that calls for capital returns equal to 30-40% of its operating cash flow.
BP awards Oceaneering a 3-year subsea deal at the GTA gas field, with options to extend as field operations begin in Q2 2025.
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