BP p.l.c. (NYSE:BP) ranks among the best retirement stocks to buy now.
On May 11, Argus raised BP p.l.c. (NYSE:BP) to Buy from Hold with a $50 price target
BP’s adjusted net income for the first quarter of 2026 came in at $3.198 billion, a rise from $1.381 billion in the same period in 2025. The results outperformed Argus’ $1.14 per share expectation and the average projection of $0.91. The stronger first-quarter earnings reflected higher upstream output, higher realized refining margins, and a significant contribution from oil trading.
BP p.l.c. (NYSE:BP) predicts output to stay steady in 2026, in contrast to 2025, with capital expenditures ranging from $13.0 billion to $13.5 billion. Meanwhile, on May 13, BP p.l.c. (NYSE:BP) stated that it had purchased a 40% stake in a production sharing agreement encompassing six oil and gas exploration zones in Uzbekistan’s Ustyurt area, indicating a return to conventional energy investments. The company had stepped away from exploration in the region back in 2021 as a consequence of a green energy policy.