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.
BP has shifted its strategy back to oil and gas production under new CEO Murray Auchincloss, aiming for 2.5 million bpd by 2030. Despite a 29% drop in share price, BP's high free cash flow and strong dividends make it a "Buy" with a 12.31% upside. Key risks include market volatility and strategic inflexibility in the global energy transition, but operational efficiency and mature assets remain strengths.
Rising demand for renewable energy is adding uncertainty to the prospects of the Zacks Oil and Gas Integrated International industry's outlook. XOM, CVX and BP will probably overcome market challenges.
BP is undergoing a strategic pivot, focusing on cash returns and debt reduction while divesting non-core assets and maintaining operational reliability above 95%. Valuation metrics like EV/EBITDA, EV/sales, and price-to-cash flow suggest BP is undervalued compared to peers, despite stable revenue and strong cash flow. Market sentiment is muted due to BP's recent strategic shifts and lower Q1 earnings, but stable dividends and buybacks provide a safety net.
Along with the first-quarter 2025 transcript, BP announces that it has started producing oil and gas from three key projects, namely, Cypre in Trinidad, Raven infill in Egypt and GTA.
BP PLC (LSE:BP.) first-quarter update on Tuesday landed awkwardly, with cash flow well below expectations.
BP p.l.c. (NYSE:BP ) Q1 2025 Earnings Call April 29, 2025 8:00 AM ET Company Participants Craig Marshall - IR Murray Auchincloss - CEO Kate Thomson - CFO Conference Call Participants Biraj Borkhataria - RBC Capital Markets Joshua Stone - UBS Roger Read - Wells Fargo Securities Douglas Leggate - Wolfe Research Lydia Rainforth - Barclays Bank Kim Fustier - HSBC Christopher Kuplent - Bank of America Jason Gabelman - TD Cowen Martijn Rats - Morgan Stanley Michele Della Vigna - Goldman Sachs Matthew Lofting - J.P. Morgan Chase Irene Himona - Sanford C.
BP CEO Murray Auchincloss discusses the company's strategic reset and the outlook for the business amidst geopolitical turmoil and increased need for energy security.
Around 200,000 private investors hold stock in BP. Here we take a look at the highly anticipated Q1 numbers and what they mean for the forgotten minority.
Lower liquid price realizations and weaker refining margins hurt BP's Q1 earnings.
U.S.-listed shares of BP (BP) fell in premarket trading Tuesday after the British energy giant posted lower-than-estimated first-quarter earnings and reduced its stock buyback as increased economic uncertainty weighs on oil prices.
BP said it would return less cash to shareholders after its profit came in worse than expected.