30% Gains Left For BP Stock? [Forbes]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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US:NYSE Investor Relations:
bp.com/en/global/corporate/investors.html
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Source: Forbes
NurPhoto via Getty Images With the stock down 7% so far this year, at the current price of around $32 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 $2.8 billion in Q2 2024. Its Q2 revenue declined 3% y-o-y to $47 billion, mainly due to lower product and crude prices, and its adjusted EPADS (Earnings per American Depository Share) grew 12% y-o-y to $1.00. BP has disclosed plans to implement an additional $3.5 billion share buyback program for the second half of 2024, supplementing its initial $3.5 billion commitment for the first half of the fiscal year. This incremental program represents approximately 3.5% of the company's current market capitalization, potentially providing support to the stock price. The company has also reaffirmed its intention to repurchase shares worth at least $14 billion by 2025,
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BP
News
- BP p.l.c. (NYSE: BP) had its price target lowered by analysts at Wells Fargo & Company from $39.00 to $35.00. They now have an "equal weight" rating on the stock.MarketBeat
- Indian Dividend Stocks To Consider: Bank of Baroda And 2 More [Yahoo! Finance]Yahoo! Finance
- BP Eyes Growth in India, Holds Board Meeting to Explore Options [Yahoo! Finance]Yahoo! Finance
- BP p.l.c. (NYSE: BP) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Indian Dividend Stocks To Boost Your Portfolio [Yahoo! Finance]Yahoo! Finance
BP
Earnings
- 7/31/24 - Miss
BP
Sec Filings
- 9/24/24 - Form 6-K
- 9/24/24 - Form 6-K
- 9/16/24 - Form 6-K
- BP's page on the SEC website