Added to YB: 2024-06-18
Pitch date: 2024-06-17
BP [bullish]
BP p.l.c.
+41.43%
current return
Author Info
No bio for this author
Company Info
BP p.l.c., an integrated energy company, engages in the oil and gas business worldwide. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments.
Market Cap
GBP 117.8B
Pitch Price
GBP 31.73
Price Target
N/A
Dividend
4.37%
EV/EBITDA
4.65
P/E
N/A
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
dividend
BP: After A Big Pullback, It's Time To Lock In A 5% Yield On This Oil Giant
BP: Down 15% from highs to $34, attractive 7x 2024 P/E and 5% yield. $3.5B buyback, strong balance sheet. Renewables growth to 50GW by 2030. EV/AI energy demand tailwinds. Risks: Recession could dampen oil demand, regulatory issues. Compelling value and income play.
Read full article (5 min)