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30% Gains Left For BP Stock?
BPBP(BP) Forbes·2024-09-27 13:00

British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, ... [+] on July 29, 2024. (Photo by Aleksander Kalka/NurPhoto via Getty Images) NurPhoto via Getty Images With the stock down 7% so far this year, at the current price of around 32pershare,webelieveBPplcstock(NYSE:BP),aEuropeanintegratedenergymajor,couldgohigherinthelongterm.BP′sunderlyingreplacementcostprofit(usedasaproxyfornetprofit)wasup432 per share, we believe BP plc stock (NYSE: BP), a European integrated energy major, could go higher in the long term. BP's underlying replacement cost profit (used as a proxy for net profit) was up 4% year-over-year (y-o-y) to 2. ...