- Since the start of the COVID pandemic BP has underperformed other Oil & Gas majors.
- BP is pivoting to being an integrated energy company with a lower carbon footprint.
- We explore the current and forecasted earnings per share for BP and derive future price estimations based on a conservative P/E metric.
- Absent a substantial catalyst from low carbon energy earnings, we see BP's price recovering only to a mid 30s price range.
- Despite its low price target, given the current depressed levels for BP's stock, an investor can realize an annualized total return of over 20% in the next two years.
For further details see:
BP - Where Do We Go From Here