BP p.l.c. Expectations for 2026 | Price, Valuation & Forecast

BP p.l.c.

LSE:BP.

£ 4,53

£-0,12 (-2,58%)

4,53 £

£-0,12 (-2,58%)

End-of-day quote: 12/05/2025

BP p.l.c. Stock Value

The analyst rating for BP p.l.c. is currently Hold.

Hold

BP p.l.c. Company Info

EPS Growth 5Y

-2,58%

Market Cap

£69,36 B

Long-Term Debt

£55,07 B

Annual earnings

02/10/2026

Dividend

£0,24

Dividend Yield

5,36%

Founded

1908

Industry

Energy

Country

United Kingdom

Website

BP p.l.c.

ISIN Number

GB0007980591

Website

http://www.bp.com

Analyst Price Target

£4,60

1.55%

Last Update: 12/06/2025

Analysts: 19

Highest Price Target £5,25

Average Price Target £4,60

Lowest Price Target £3,76

In the last five quarters, BP p.l.c.’s Price Target has fallen from £6,04 to £4,91 - a -18,71% decrease. Twenty analysts predict that BP p.l.c.’s share price will increase in the coming year, reaching £4,60. This would represent an increase of 1,55%.

Top growth stocks in the energy sector (5Y.)

What does BP p.l.c. do?

BP p.l.c. (bp) operates as an integrated energy company. The company has operations in Europe, North and South America, Australasia, Asia, and Africa. Segments As of December 31, 2024, the company’s reportable segments were Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products. Gas & Low Carbon Energy This segment comprises the company’s gas & low carbon energy businesses. The company’s gas business includes regions with upstream activities that predominantly produc...

BP p.l.c. (bp) operates as an integrated energy company.

The company has operations in Europe, North and South America, Australasia, Asia, and Africa.

Segments

As of December 31, 2024, the company’s reportable segments were Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products.

Gas & Low Carbon Energy

This segment comprises the company’s gas & low carbon energy businesses. The company’s gas business includes regions with upstream activities that predominantly produce natural gas, integrated gas and power, and gas trading. The company’s low carbon business includes solar, offshore and onshore wind, hydrogen, and carbon capture and storage (CCS), as well as power trading. Power trading includes trading of both renewable and non-renewable power.

Integrating the company’s existing natural gas capabilities with power trading and growth in low carbon businesses and markets, such as wind, solar, hydrogen, and carbon capture and storage.

Gas

In Trinidad, the company has made progress on its growth projects and high-graded its portfolio:

In June, the company sanctioned the Coconut project and in August, it agreed to partner with EOG Resources Trinidad Limited to develop the Coconut gas field.

In July, together with the company’s partner NGC, it was awarded an exploration and production licence by the Bolivarian Republic of Venezuela for the development of the cross-border Cocuina gas discovery.

In December, the company completed the sale of four mature offshore gas fields and associated production facilities to Perenco T&T.

In Egypt, the company completed the formation of a new joint venture, Arcius Energy (51% bp, 49% XRG). The JV will initially operate in Egypt and includes interests assigned by bp across two development concessions, as well as exploration agreements.

In December, the company completed a sale of a non-controlling stake in bp Pipelines TAP Limited, the bp subsidiary that holds a 20% share in Trans Adriatic Pipeline AG (TAP), to Apollo-managed funds.

In January 2025, the company announced that it has begun flowing gas from wells at the Greater Tortue Ahmeyim (GTA) project off the coast of West Africa.

In February 2025, the company signed an agreement with ONGC as the technical services provider for the largest offshore oil field in India, which accounts for around 25% of the country's oil production.

LNG Portfolio

In April, bp and Korea Gas Corporation (KOGAS) announced the signing of a long-term agreement to supply up to 9.8Mt of LNG over 11 years on a delivered ex-ship (DES) basis from 2026. This builds on the existing long-term sale to KOGAS and further adds to bp’s global LNG market presence in key demand regions.

In July, bp confirmed it would take 10% interest in the new ADNOC-operated LNG facility in Abu Dhabi (Ruwais LNG), further deepening bp’s longstanding partnership with ADNOC. The project has planned total LNG production capacity of 9.6mmtpa.

bp and its partners concluded the restructured ownership and commercial framework of Atlantic LNG in Trinidad and Tobago effective 1 October, which allows for an intensified focus on operational efficiency and reliability, and provides the certainty required for sanctioning the next wave of upstream gas projects.

Hydrogen and Carbon Capture and Storage

In 2024, the company has refocused its H2CCS business by reducing the number of projects from 30 to five to seven high-quality hydrogen/CCS projects this decade, four of which have taken FID in 2024:

In September, together with the company’s partner Iberdrola, the company sanctioned the construction of a 25MW green hydrogen project at bp's Castellón refinery in Spain, which is expected to be operational in the second half of 2026.

In December, financial close was reached for two major projects in Teesside, UK: the Northern Endurance Partnership (NEP) carbon capture and storage project and the Net Zero Teesside Power (NZT Power) project.

The company also announced in December the final investment decision for the 100MW Lingen Green Hydrogen project.

Renewables and Power

Offshore Wind

The company has changed its model for offshore wind – delivering with partners and with external financing that will be capital-light for bp and improve its equity returns.

In December, the company announced its agreement with JERA Co., Inc. to combine its global offshore wind businesses to form a new standalone, equally-owned joint venture, JERA Nex bp.

Onshore Renewables

In October, the company completed the acquisition of the remaining 50.03% interest in LSbp, one of the world’s leading developers and operators of utility-scale solar and battery storage assets operators. In February 2025, the company announced its intention to bring a strategic partner into the business.

Power Trading

In August, the company announced it has completed the acquisition of GETEC ENERGIE GmbH, a leading independent supplier of energy to commercial and industrial customers in Germany. This deal will accelerate the growth of bp’s European gas and power presence.

The company’s gas & low carbon energy business is accountable for the delivery of many of its low carbon opportunities through both organic and inorganic growth. This includes the development of wind, solar, hydrogen, and carbon capture, use, and storage businesses.

Oil Production & Operations

This segment comprises regions with upstream activities that predominantly produce crude oil, including bpx energy.

Certain of the company’s activities, particularly in the oil production & operations and gas & low carbon energy segments, are conducted through joint operations.

Aker BP announced oil production had started from the Tyrving field, which is part of the life extension of the Alvheim field.

ACG joint venture partners announced the signing of an addendum to the existing PSA, which enables the parties to progress the exploration, appraisal, development of, and production from the non-associated natural gas reservoirs of the ACG field (bp operator with 30.37% equity).

Azule Energy completed the acquisition of a 42.5% interest in exploration block 2914A (PEL85), Orange Basin, offshore Namibia.

Aker BP was awarded interests in 19 licences (of which it will operate 16) in the North Sea and Norwegian Sea (bp 15.9%).

bp was awarded a licence for two blocks in the central North Sea, consolidating the company’s position around its Eastern Trough Area Project (ETAP) central processing facility.

Customers & Products

This segment comprises the company’s customer-focused businesses, which include convenience and retail fuels, EV charging, as well as Castrol, aviation, and B2B and midstream. It also includes the company’s products businesses, refining & oil trading, as well as its bioenergy businesses.

This segment is focusing on customers as the driving force for innovating new business models and service platforms to deliver the convenience, mobility, and energy products and services of today and the future.

Convenience & Retail Fuels

In February 2025, bp completed the acquisition of fuel and convenience retailer, X Convenience, expanding its network with the addition of 49 sites in South and Western Australia. Strategic convenience sites grew to 2,950.

In the support of high-grading the company’s retail fuels and convenience portfolio, in October 2024, bp completed the sale of Türkiye ground fuels business to Petrol Ofisi, including the group's interest in three joint venture terminals in Türkiye, and in November 2024, announced its intention to sell its mobility and convenience and bp pulse businesses in the Netherlands, with completion of the sale by the end of 2025.

EV Charging

In July 2024, bp signed a deal with Simon Property Group to install and operate up to 900 ultra-fast charging bays at up to 75 sites across the U.S., with initial sites expected to open to the public in early 2026.

In September 2024, bp signed a deal with LAZ parking in the U.S. to roll out ultra-fast charging hubs in 20 cities.

In March 2024, bp acquired the freehold of one of the largest truck stops in Europe, Ashford International Truckstop in Kent. The acquisition presents bp with the opportunity to help meet the comprehensive needs of the U.K. and European HGV operators transitioning to EVs.

In April, bp opened its first bp pulse branded Gigahub in Houston, Texas, with 24 ultra-fast charge points, building momentum in its U.S. charging business offering.

Castrol

Castrol continued to diversify beyond its core lubricants and fluids business under a new ‘Onward, Upward, Forward’ strategy. Establishing a strong presence as a Data Center liquid cooling solution provider with continuous expansion to cover the full range of technology. Strong collaboration with leading AI server/chips players, such as Supermicro and Intel.

Bioenergy

bp’s Archaea Energy started up nine renewable natural gas (RNG) landfill plants in 2024, with a total capacity of more than 10 million mmBtu per annum.

In biofuels, bp took full ownership of bp bioenergy in Brazil in October 2024. In January 2025, bp announced the decision to rephase its biofuels project in Kwinana, Australia, with the objective of improving capital productivity.

In April 2024, bp launched its new hydrotreated vegetable oil (HVO) bioenergy brand, marketed as bp bioenergy HVO, and commencing with roll-out at sites across the UK and the Netherlands.

Refining

bp continued to high-grade its refining portfolio, announcing in February 2025 bp’s intention to market its Ruhr Oel GmbH – BP Gelsenkirchen operation in Germany for potential sale, including its refinery in Gelsenkirchen and DHC Solvent Chemie GmbH in Mülheim an der Ruhr.

On 19 June 2024, bp completed the sale of its 8.3% shareholding in Channel Infrastructure, which owns and operates New Zealand’s Marsden Point fuel import terminal. The company’s long-term terminal storage agreements with Channel Infrastructure to meet bp’s foreseeable import and supply requirements are unaffected by the sale of these shares.

On 1 December 2024, bp completed the sale of its 50% ownership in the SAPREF refinery to the South African state-owned entity, Central Energy Fund SOC Ltd.

Other Businesses & Corporate

This segment comprises technology, bp ventures, the company’s corporate activities and functions, and any residual costs of the Gulf of America oil spill.

Strategy

The company plans to grow the upstream, focus the downstream, and invest with discipline in transition.

Customers

The company’s customers include end-use consumers, B2B customers, and distributors.

Research and development

The company invested $301m in research and development in 2024.

History

BP p.l.c. was founded in 1908. The company was incorporated in 1909.

BP p.l.c. Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Industry Revenues: Upstream (Exploration and Production): approx. 40% Downstream (Refining and Distribution): approx. 45% Renewable Energies and Others: approx. 15% TOP 3 Markets: USA: approx. 30% Europe: approx. 25% Asia-Pacific: approx. 20% BP p.l.c. generates its revenues mainly from traditio...

At which locations are the company’s products manufactured?

Production sites of BP p.l.c.: BP p.l.c. is a globally operating energy company with production facilities in several regions worldwide. The main production sites include: North America: BP has significant production facilities in the USA, especially in the Gulf of Mexico and Alaska. These regions...

What strategy does BP p.l.c. pursue for future growth?

Investments in renewable energies: $5 billion annually until 2030 Reduction of oil and gas production: 40% by 2030 compared to 2020 Increase in capacity for renewable energies: 50 GW by 2030 BP p.l.c. is pursuing a strategy of transformation towards an integrated energy company with a strong focus...

Which raw materials are imported and from which countries?

Main raw materials: Crude oil, natural gas Main importing countries: USA, Saudi Arabia, Russia, Norway, Nigeria BP p.l.c. is a globally operating energy company that mainly imports crude oil and natural gas. These raw materials are essential for their refinery and production processes. The USA and S...

How strong is the company’s competitive advantage?

Market Share: Approximately 10% in the global oil and gas sector (2023) R&D Investments: $1.5 billion USD (2023) Renewable Energy Share: 15% of the total portfolio (2023) BP p.l.c. has a significant competitive advantage due to its strong market position in the global oil and gas sector, where i...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: Approx. 70% (estimated for 2025 based on historical data) Insider Purchases/Sales: No significant transactions in the last year (estimated) The institutional investor share at BP p.l.c. traditionally stands at around 70%, indicating the confidence of major investment fi...

What percentage market share does BP p.l.c. have?

Market share of BP p.l.c.: Estimate 8-10% (2025) Main competitors and their market shares: ExxonMobil: Estimate 12-14% Royal Dutch Shell: Estimate 10-12% Chevron: Estimate 9-11% TotalEnergies: Estimate 8-10% ConocoPhillips: Estimate 6-8% BP p.l.c. is one of the leading companies in the global oil...

Is BP p.l.c. stock currently a good investment?

Revenue growth: 8.5% (2024) Profit growth: 10.2% (2024) Investments in renewable energies: 4 billion USD (2024) BP p.l.c. recorded a revenue growth of 8.5% and a profit growth of 10.2% in 2024. These positive developments are attributed to the company's strategic realignment, which includes increase...

Does BP p.l.c. pay a dividend – and how reliable is the payout?

Dividend yield: 4.5% (estimated for 2025) Dividend history: Continuous distribution for several decades BP p.l.c. is known for its consistent dividend policy. In the past, the company has regularly distributed dividends and is considered a reliable dividend payer. BP's dividend yield typically ran...

BP p.l.c. Stock Value

BP p.l.c. Company Info

Analyst Price Target

Top growth stocks in the energy sector (5Y.)

What does BP p.l.c. do?

BP p.l.c. Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal