BP p.l.c.
BP · NYSE
Company research
BP p.l.c. (NYSE: BP) is one of the world's largest integrated oil and gas supermajors, headquartered in London, United Kingdom, and incorporated in 1909. The company operates across three core segments — Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products — spanning the full energy value chain from exploration and extraction to refining, distribution, and retail across more than 60 countries. With approximately 100,500 employees, annual revenues of approximately $189 billion, and a market capitalisation of around $98 billion, BP serves a broad customer base including drivers, airlines, industrial users, and utilities through well-known brands such as BP, Castrol, Aral, and ARCO. Alongside its conventional hydrocarbon operations, BP is actively pursuing an energy transition strategy, investing in bioenergy, offshore and onshore wind, hydrogen, carbon capture and storage, and electric vehicle charging infrastructure, positioning itself as a diversified integrated energy company for the long term.
Research reports
DBS Bank Ltd – Europe Equity Research · May 7, 2026BP PLC: All eyes on strategy reset
DBS’s Europe Equity Research note presents BP’s 2025–2027 “strategy reset” as a constructive pivot back to high‑return upstream oil and gas, with capex reallocated away from low‑carbon businesses, a USD 20bn divestment plan, and USD 4–5bn of targeted structural cost reductions, all intended to grow adjusted free cash flow by more than 20% annually from 2024 to 2027 and lift ROACE above 16%. The report maintains a BUY rating with a 6.75 GBP 12‑month target price, but cautions that BP’s earnings and rerating potential remain highly exposed to macro conditions, commodity prices, FX, regulatory risks such as windfall taxes, and legacy operational risks including the Deepwater Horizon spill.
ChartsView · April 28, 2026BP plc (BP.L) – Company Research – Castrol DivestmentChartsView’s company research note analyzes BP as a FTSE 100 integrated supermajor executing a high‑stakes “reset” built around a USD 20bn divestment programme (including the partial sale of Castrol), suspension of share buybacks, and a deliberate pivot back toward upstream production and refining under incoming CEO Meg O’Neill, while aiming to keep output around 2.3 million barrels of oil equivalent per day through 2030. It lays out balanced bull and bear cases, highlighting stronger cash generation and trading performance on the upside but stressing commodity price volatility, rising net debt, activist pressure, leadership turnover, ESG backlash from cutting renewables, and execution risk around the reset as key equity risks.
StockSentinel.ai – Flash Research · April 27, 2026BP p.l.c. (BP.L) Research Report – FlashStockSentinel’s Flash report characterizes BP as a vertically integrated global energy supermajor at a pivotal 2026 “Great Realignment” inflection point, emphasizing Meg O’Neill’s pragmatic pivot toward high‑return hydrocarbon production, accelerated portfolio divestments, and balance‑sheet repair while tempering the pace of the energy‑transition build‑out. The analysis views the shares as positively geared to successful execution of this reset and supportive commodity prices, yet flags significant uncertainties around impairment risk, climate‑policy and tax headwinds, and volatility in refining and trading margins that could undermine the equity story if conditions turn adverse.