BP Stock Up 7% This Year, What's Next?

SOUTHEND, ENGLAND - JANUARY 22: A general view of the BP logo and petrol station forecourt sign on ... [+] January 22, 2024 in Southend, United Kingdom. (Photo by John Keeble/Getty Images)Getty ImagesAfter a 7% increase so far this year, at the current price of around $38 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 operating profit was down by almost exactly half in FY 2023, to$13.84 billion from $27.6 ...