BP

Goldman Sachs raised its target price for BP from 660 to 700 pence and kept the rating at 'Buy'. Analyst Michele della Vigna adjusted valuation models for European energy companies because of higher oil, gas and refining margins. He sees the highest returns for investors in 2026 from Eni and Repsol. » Więcej na finanzen.net

Under CEO Meg O’Neill, BP reports significantly better numbers thanks to high oil prices: net income in the first half rose to USD 7.75 billion and operating cash flow to USD 13.72 billion. O’Neill sets five priorities focused on debt reduction, portfolio simplification — including a planned exit from North Sea production and the sale of drilling rigs — and more disciplined investments. Technically, the stock has broken the short-term downtrend and the GBP 6.00 mark is coming into focus, though analysts remain cautious. » Więcej na finanzen.net

BP has set the conversion rate for the second-quarter interim dividend at £1 = $1.35187, resulting in a payout of 6.4059 pence per ordinary share. The underlying dividend is $0.0866 per ordinary share; ADS holders will receive $0.5196 per ADS. The dividend applies to shareholders on the register on 14 August, and BP is not offering a scrip dividend for this distribution, but it does provide dividend reinvestment plans. » Więcej na de.investing.com