BP has outperformed the S&P 500, driven by strong operational execution and disciplined cost management in oil and gas operations. Shareholder returns remain robust, with a 6% dividend yield, ongoing buybacks, and plans for annual dividend increases above inflation. Growth is supported by 10 major projects launching by 2027 and global exploration successes, positioning BP for long-term cash flow expansion.
I reiterate my buy rating on BP, driven by expectations of higher oil prices and BP's strong correlation to oil price movements. Key catalysts include ongoing U.S. SPR refilling and historically low U.S. crude inventories. The new U.S.-EU energy export deal could further tighten oil supply and support higher Brent oil prices.
BP exits $36B green hydrogen mega-project in Australia, doubling down on oil amid investor-driven strategic pivot.
BP (BP) concluded the recent trading session at $32.13, signifying a -1.77% move from its prior day's close.
BP PLC's (LSE:BP.) announcement on Monday that Albert Manifold will succeed Helge Lund as chair from 1 October has sparked renewed speculation about a possible US listing for the oil major.
The rationale is straightforward: U.S. integrated oil companies trade at a premium to their European rivals, and there also are fewer funds in the U.S. with environmental constraints.
BP PLC (LSE:BP.) shares only slightly outperformed sector rivals on Monday after the oil group named the successor to chair Helge Lund.
BP agrees to sell its U.S. wind business to LS Power after a competitive bid, targeting $3-$4 billion in 2025 divestments.
BP PLC (LSE:BP.) has agreed to sell its US onshore wind business, bp Wind Energy, to LS Power as part of its strategic plan to simplify and focus its operations.
Energy major BP said on Friday it had agreed to sell its U.S. onshore wind business, bp Wind Energy, to U.S.-based electricity transmission systems operator LS Power.
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BP and E's joint venture, Azule Energy, drills Gajajeira-01 well in Block 1/14 with gas reserves topping 1 Tcf and 100 million barrels of condensate.