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Markets extend lossesThis summary was created by AI, based on 4 opinions in the last 12 months.
The reviews from different experts on BP PLC stock are mixed. While some experts support the company's transition towards renewable energy and its commitment to reducing carbon emissions, others have concerns about the company's performance compared to other oil companies. There is also mention of the impact of oil prices on the stock and the overall difficulty in the face of renewables. Overall, the reviews indicate a combination of optimism and skepticism about BP PLC's future prospects.
Case for energy is still there. Transitioning toward more renewable energy, low-carbon solutions. Long term, can make some sense. Oil price has recovered since pandemic days. Nice yield of 4.5%. In the space, his favourite name is SHEL.
Depends on price of oil. Why buy foreign? Great oil companies in Canada like CNQ and SU, which do very well. Difficult environment in the face of renewables. Buying back shares, reducing debt, increasing dividend.
Large-cap oil will continue to do well. Using capital in shareholder-friendly ways. Lots of accidents over the years. Buying this takes on currency risk. Lots of great Canadian companies to own instead. He owns CNQ.
He likes the energy space since there is a tight supply. You need to see a breakout above recent highs before buying. He prefers Shell on the international scale. Pays a 3.3% dividend.
One of the best performing major energy companies in the world.
Trades at cheaper price than other names in the sector.
Very good oil marketing & trading group.
Good capital allocation at company with share buybacks and debt reduction.
Expecting recovery of oil price going forward.
Buying back shares, increased dividend, paying down debt. Returning free cashflow to shareholders. Will continue to do that. Trying to be more environmentally friendly, but can't avoid that they're oil & gas. Capex will slowly go up. Throws up a lot of cash. Dividend is well supported.
Sell shares and buy Canadian energy instead.
Conventional oil production falling.
Misguided investments in renewables.
Not a good long term investment.
BP PLC is a American stock, trading under the symbol BP-N on the New York Stock Exchange (BP). It is usually referred to as NYSE:BP or BP-N
In the last year, 3 stock analysts published opinions about BP-N. 1 analyst recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BP PLC.
BP PLC was recommended as a Top Pick by on . Read the latest stock experts ratings for BP PLC.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered BP PLC In the last year. It is a trending stock that is worth watching.
On 2024-12-11, BP PLC (BP-N) stock closed at a price of $30.33.
Our purpose is reimagining energy for people and our planet. We want to help the world reach net zero and improve people’s lives. We will aim to dramatically reduce carbon in our operations and in our production, and grow new low carbon businesses, products and services. We want to be an energy company with purpose; one that is trusted by society, valued by shareholders and motivating for everyone who works at bp. Social media mentions are up 1300% in the past 24h.