Company Performance - BP closed at $34.11, reflecting a -1.27% change from the previous day, underperforming the S&P 500's gain of 1.77% [1] - Over the past month, BP shares increased by 1.95%, while the Oils-Energy sector gained 0.43% and the S&P 500 decreased by 5.73% [1] Earnings Projections - The upcoming EPS for BP is projected at $0.64, indicating a 34.02% decline compared to the same quarter last year [2] - Revenue is expected to reach $57.08 billion, representing a 14.25% increase from the year-ago quarter [2] - For the full year, earnings are projected at $3.21 per share and revenue at $241.39 billion, reflecting changes of -1.53% and +24.02% respectively from the prior year [3] Analyst Estimates and Valuation - Recent adjustments to analyst estimates for BP are crucial as they reflect short-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks BP at 3 (Hold), with a recent EPS estimate decrease of 9.11% [6] - BP's Forward P/E ratio stands at 10.78, which is a premium compared to the industry average of 7.99 [6] - The PEG ratio for BP is 1.22, slightly above the industry average of 1.19 [7] Industry Context - The Oil and Gas - Integrated - International industry, to which BP belongs, ranks in the bottom 39% of all industries according to the Zacks Industry Rank [8]

BP plc (BP) , the UK-based energy major, has secured a $1 billion deal with Apollo-managed funds to divest a 25% non-controlling stake in BP Pipelines (TANAP), which holds BP’s 12% interest in the Trans-Anatolian Natural Gas Pipeline (TANAP). This pipeline is a crucial segment of the Southern Gas Corridor (“SGC”), transporting natural gas from Azerbaijan’s Shah Deniz field to European markets via Türkiye.The agreement builds on the companies' previous transaction in November 2024, when Apollo acquired a sta ...

BP plc (BP) , the UK-based energy major, is looking to sell a 50% stake in its solar unit, Lightsource BP, as part of a broader effort to cut costs, improve returns and address investor concerns. The energy major is seeking a strategic partner that will provide cash and commit to future investments, with initial bids due in June, according to a report by Reuters.BP, which took full control of Lightsource BP last October for £400 million plus £2.1 billion in debt, is now looking to partially divest the unit. ...

BP plc BP is flashing strong technical signals, with bullish momentum building just as the stock approaches a Golden Cross — a classic indicator of potential upside.The oil giant’s stock, at $33.39, sits above its five-day, 20-day, 50-day and 200-day simple moving averages. Chart created using Benzinga ProBP Stock: Golden Cross In SightA golden cross occurs when the 50-day simple moving average moves above the 200-day simple moving average, often signaling a shift into sustained bullish territory. BP stock' ...

The COVID-19 pandemic led to an unprecedented collapse in oil demand as global lockdowns kept people indoors, halted industrial production and grounded flights. Oil prices even briefly turned negative in April 2020, reflecting the scale of the crisis. However, as economies reopened, oil demand rebounded sharply. Today, nearly five years after the pandemic, the world’s energy landscape is still adjusting to new realities.While some predicted that the pandemic would accelerate the transition to renewable ener ...

Financial Performance - Adjusted EBITDA for 2024 reached $38 billion, with operating cash flow of $27.3 billion[49] - Operating cash flow for 2024 was $27.3 billion, down from $32.0 billion in 2023, primarily due to lower profits from operations[158] - Profit attributable to bp shareholders for 2024 is projected to be $0.4 billion, with total equity at $78.3 billion[167] - Total shareholder return for 2024 decreased by 11.9%, reflecting a reduction in share price[156] - Underlying replacement cost profit for 2024 was $0.4 billion, a significant decrease from $15.2 billion in 2023[150] Production and Operations - Upstream production increased by 2% compared to 2023, with strong plant reliability at over 95%[48] - Upstream production increased to 2.4 million barrels of oil equivalent per day (mmboe/d) in 2024, up from 2.3 mmboe/d in 2023[100] - Biofuels production rose to 35,000 barrels per day (kb/d) in 2024, compared to 32 kb/d in 2023[100] - Refining availability dipped to 94.3% due to lower margins and a power outage at Whiting in Q1[48] - Refining availability for 2024 was 94.3%, a decrease from 96.1% in 2023, mainly due to a power outage at the Whiting refinery[140] - Upstream unit production costs increased to $6.17 per barrel of oil equivalent (boe) in 2024, up from $5.78 in 2023[164][165] - Methane intensity increased to 0.07% in 2024, with methane emissions from upstream operations rising by approximately 48% from 31kt in 2023 to 46kt in 2024[173][174] Capital Expenditure and Investments - Capital expenditure for 2024 was $16.2 billion, with expectations of around $15 billion in 2025 and $13-15 billion per annum for 2026 and 2027[191] - The company plans to invest between $1.5-2.0 billion annually in transition businesses through 2027, which is over $5 billion lower per year than previous guidance[94] - The company plans to invest in hydrogen and carbon capture, sanctioning four projects in 2024[50] - The company is actively investing in hydrogen and carbon capture projects to support decarbonization efforts[94] Shareholder Returns and Dividends - The company raised the dividend per ordinary share by 10% and announced $7 billion in share buybacks for the year[49] - The dividend per ordinary share has grown by 10% to 8.00 cents since Q4 2023, with expected annual increases of at least 4%[188] - The company announced share buybacks of $7 billion for 2024, reducing shares in issue by 22% from the end of Q1 2021 to December 31, 2024[193] - The company distributed a total of $5.0 billion in dividends to shareholders in 2023[134] Strategic Initiatives and Portfolio Reshaping - The company is focused on reshaping its portfolio, having made significant changes in the past year[50] - The company is reshaping its portfolio to focus on markets where it has integrated positions, aiming to improve performance and reduce costs[93] - The company now owns 100% of bp bioenergy, a top-three sugarcane bioethanol producer in Brazil, and Lightsource bp, a leading solar developer[50] - The company has developed 8.2 gigawatts (GW) of renewables to final investment decision (net) in 2024, up from 6.2 GW in 2023[100] Safety and Sustainability - The company is committed to improving safety, reducing tier 1 and 2 process safety events for the second consecutive year[47] - Reported recordable injury frequency increased by 8.5% in 2024, indicating a need for improved safety measures[146] - The estimated carbon intensity of the company's energy products is being monitored as part of its sustainability targets[127] - Emission reduction targets include a decrease in operational emissions across Scope 1 and 2 by 2030, based on a 2019 baseline[198] - Carbon prices are projected to rise from $50 per tonne of CO2 equivalent in 2025 to $200 by 2050[207] Future Projections and Goals - Adjusted free cash flow is expected to grow at a compound annual growth rate (CAGR) of over 20% from 2024 to 2027[97] - The company aims for net debt to be between $14-18 billion by the end of 2027[97] - The company aims for a return on average capital employed (ROACE) to exceed 16% by 2027[97] - The company targets net debt of $14-18 billion by the end of 2027, with net debt increasing from $20.9 billion to $23.0 billion in 2024[189] - The underlying effective tax rate is projected to be around 40% in 2025, down from 41%[199] - Investment appraisal price assumptions for Brent oil and Henry Hub gas are set at approximately $64 per barrel and $4.0 per million British thermal units, respectively, from 2025 to 2050[206]

BP plc (BP) , the British energy giant, has announced that it will cut down its investments in renewable energy ventures while bringing its focus back to oil and gas. This strategic shift is aimed at boosting investor confidence and returns in the face of weakening share price.Investor Pressure Drives Strategic ChangesBP has underperformed relative to its industry peers like ExxonMobil and Shell. Recently, the U.S. hedge fund Elliot Management acquired a 5% stake in the company, and it is believed that foll ...

Group 1: Market Sentiment and Trading Activity - Investors gauge market sentiment through stock purchases and options trading, with options providing deeper insights into bullish views [1][2] - Unusual call options trading activity can indicate stronger sentiment than regular stock buying, particularly for Occidental Petroleum, PDD Holdings, and BP [3][6] Group 2: Occidental Petroleum Analysis - Occidental Petroleum's 12-month stock price forecast is $61.55, indicating a 26.55% upside based on 21 analyst ratings, with a high forecast of $78.00 and a low of $45.00 [4] - Warren Buffett's acquisition of 29% of Occidental Petroleum has led to increased bullish sentiment in the energy sector [4][5] - Analysts at Stephens maintain an overweight rating on Occidental Petroleum, projecting a valuation of $71 per share, suggesting a potential 46% rally [7] Group 3: PDD Holdings Analysis - PDD Holdings has a 12-month stock price forecast of $173.40, representing a 46.11% upside based on 13 analyst ratings, with a high forecast of $272.00 and a low of $105.00 [9] - The stock trades at 73% of its 52-week high, with potential upside driven by China's economic stimulus [10][11] Group 4: BP Analysis - BP's 12-month stock price forecast is $38.76, indicating a 17.02% upside based on 21 analyst ratings, with a high forecast of $50.00 and a low of $31.80 [12] - Significant call options activity for BP, totaling $633,929, suggests bullish developments, supported by expected earnings per share (EPS) growth from $0.44 to $0.99 by Q3 2025 [12][13] - Analysts from Wolfe Research initiated coverage on BP with a valuation of $50 per share, indicating a potential 53% rally [14]

Five years ago, BP (NYSE: BP ) announced a major strategy change. The company intended to become an "integrated energy company" rather than an "international oil company". This meant that by 2025, BP would be investing only 60% of itsI retired early after 22 years in the energy industry with roles in engineering, planning, and financial analysis. I have managed my own portfolio since 1998 and have met my goal to match the S+P 500 return over the long term with lower volatility and higher income. I mostly wr ...

BP plc (BP) , the British oil and gas giant, has inked an agreement with Iraq for the redevelopment of four oilfields in Kirkuk. This is a significant development for Iraq, given that its oil and gas output has been restrained for several years due to challenges like war, corruption and sectarian conflicts.Investment and Scope of the ProjectBP mentioned that the estimated investment over the project’s lifespan may add up to $25 billion. According to the terms of the agreement, BP will be working with North ...