Here is how BP (BP) and Drilling Tools International Corp. (DTI) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
BP delivered steady operations in Q1 and remains committed to growing production and cleaning up the balance sheet. BP's upstream and downstream segments are set to benefit further in Q2 as lagged contract pricing and working capital releases flow through. The stock remains a Buy, supported by upside risks from elevated oil prices, reserve upgrades, and improved capital returns as debt is reduced.
GLP, BP and EGO made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 29th, 2026.
DVN, EGO, GLP, MUSA and BP have been added to the Zacks Rank #1 (Strong Buy) List on April 29th, 2026.
BP, DVN and GLP made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 29th, 2026.
BP beats Q1 EPS estimates as refining margins and an exceptional oil trading haul lift profit despite softer price realizations.
Goldman Sachs raised its Q4 2026 Brent crude forecast to $90 per barrel on April 27, 2026, up from a prior $80 forecast, citing extreme inventory draws from the prolonged closure of the Strait of Hormuz tied to the ongoing US-Iran conflict.
Energy companies are profiting from Iran war, campaigners warn, after BP's profits double in first quarter of 2026
The UK's benchmark FTSE 100 index edged higher on Tuesday, supported by a strong rally in energy stocks after BP reported better-than-expected first-quarter earnings. The gains put the index on track to end a six-day losing streak, even as geopolitical tensions continued to weigh on sentiment.
British energy giant BP saw its first-quarter profits more than double from the previous year, the company reported on Tuesday, citing the sharp increase in oil and gas prices fueled by the ongoing Middle East conflict. The oil giant reported a robust financial performance for the first quarter, posting an underlying replacement cost profit a metric analogous to net profit, of $3.2 billion.
BP PLC (LSE:BP.) returned to profit in the first quarter, helped by stronger trading and refining as oil prices surged and then fluctuated wildly in the aftermath of the Iran war.