BP: 15% Earnings Yield, 5% Dividend, Upside Potential

landbysea BP (NYSE:BP) (OTCPK:BPAQF) reported solid Q2'24 results that showed that the British energy company continues to benefit from earnings tailwinds related to higher petroleum prices. BP is also focusing on new major development projects in the Gulf of Mexico, which is set to be a catalyst for earnings and free cash flow growth going forward. Importantly, BP is trading at an exaggerated earnings yield of 15%, which is way above the company's rivals in the upstream industry. Since BP is focused on gro ...