BP: 15% Earnings Yield, 5% Dividend, Upside Potential
BP's Q2'24 results showed strong performance with a 7% year-over-year growth in core earnings, driven by higher petroleum prices. BP is enhancing shareholder value through $3.5B in stock buybacks in the second half of the year and a 10% dividend increase, signaling robust capital returns. Expansion projects in the Gulf of Mexico represent a catalyst for earnings growth and share price revaluation.
Here's Why Retain Strategy is Apt for BP Stock Right Now
BP has a strong presence in refining and marketing spaces, providing support during periods of business turmoil and low oil prices.
BP Awards FEED Contract to Technip Energies for H2Teesside
BP's H2Teesside project is aimed at producing approximately 1.2 gigawatts (GW) of low-carbon hydrogen. Technip Energies will conduct a FEED study for the project.
Exxon forecasts 2050 oil demand to match today's, 25% above BP estimate
Exxon Mobil said on Monday it expects crude demand to stay above 100 million barrels per day (bpd) through 2050, similar to today's levels, a forecast 25% higher than top European rival BP.
BP: Are Buybacks Really In Danger? No
Despite the above-consensus Q2 results, BP came under pressure recently as several brokers downgraded shares. Concerns about a lack of distribution resilience seem overblown in our view, with our calculations implying full buyback coverage down to $66 Brent. Even as we acknowledge recent concerns, with shares trading at 17% 24E FCF yield and offering >13% in shareholder distributions, we continue to see BP offering an attractive risk/reward.
BP: Getting Really Cheap
BP plc's shares have declined recently, making the stock even cheaper than before. Despite offering an above-average dividend yield and strong buybacks, strategic shifts introduce uncertainty for some investors. BP trades at a very undemanding valuation right now.
BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
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.
4 Integrated Energy Stocks to Watch Amid Industry Turbulence
Weak refining is hurting the Zacks Oil and Gas Integrated International industry's outlook. XOM, SHEL, BP & E will probably overcome market challenges.
These 3 Stocks Pay You More Than 5% to Own Them
Dividend stocks are a valuable addition to any investment portfolio, offering a reliable income stream that can provide stability in both bullish and bearish markets. High dividend yields are particularly attractive, especially when paired with fundamentally sound and potentially undervalued stocks.
BP hidden value highlighted by 7 Eleven bid says Citi
BP PLC (LSE:BP.) could get an unexpected boost to its value from the takeover toing and froing currently underway for Japanese owned-7 Eleven owner Seven & I, according to US bank Citi.
3 Large Cap Energy Stocks Gaining From Automated Drilling
Automated drilling leads to substantial cost savings. Thus, BP, ExxonMobil (XOM) and SLB are well-poised to gain.
BP and Orlen Reach Crude Supply Agreement for Polish Ports
BP secures a major crude supply deal with Orlen, providing 6 million metric tons of oil from its Norwegian fields. The first deliveries under the agreement are slated to begin in September.
