
BP (BP) Stock Forecast & Price Target
BP (BP) Analyst Ratings
Bulls say
BP has demonstrated strong operational metrics, producing 1.1 million barrels of liquids and 6.9 billion cubic feet of natural gas per day in 2023, while maintaining reserves of 6.8 billion barrels of oil equivalent, with a significant portion being liquids. The company's strategic focus under new management has shifted towards disciplined capital allocation and returns-focused decisions, which enhances investor confidence as they align with EBITDA targets and improved cash flow metrics. Additionally, positive market reception towards the company's guidance on 2025 EBITDA is indicative of improved investor sentiment and realistic expectations, positioning BP favorably moving forward.
Bears say
BP's net debt reduction over the past year has been approximately 15%, significantly less than leading competitors such as Shell, TTE, and XOM, which have seen much greater de-leveraging figures. The company's significant reliance on volatile oil prices is concerning, with a downside scenario projecting Brent crude at $60/bbl by 2025, potentially exacerbating weaker earnings in refining and chemicals. Furthermore, BP's recent ventures, particularly in offshore wind, have resulted in impairments that have diluted shareholder value, leading to skepticism about its ability to generate returns in the evolving energy landscape.
This aggregate rating is based on analysts' research of BP and is not a guaranteed prediction by Public.com or investment advice.
BP (BP) Analyst Forecast & Price Prediction
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