BP p.l.c. (NYSE:BP) ranks among the top hydrogen stocks to buy now.
On May 11, RBC Capital boosted BP p.l.c. (NYSE:BP) to Outperform from Sector Perform, citing rising commodity prices as a potential opportunity for the oil giant to reduce debt to levels in line with competitors
RBC expects Brent will be $91/bbl in 2026. Under that notion, BP’s all-in net debt-to-CFFO ratio is expected to reduce from 2.2x in 2025 to 0.9x in 2026 and 0.5x by 2027. Moreover, BP p.l.c. (NYSE:BP) predicts production to stay steady in 2026, in contrast to 2025, with capital expenditures ranging from $13.0 billion to $13.5 billion.
The same day, Argus upgraded BP p.l.c. (NYSE:BP) to Buy from Hold and placed a $50 price objective for the company’s shares following solid first-quarter results. The improved first-quarter earnings reflected higher upstream output, higher realized refining margins, and a significant contribution from oil trading. BP p.l.c. (NYSE:BP) is an integrated oil and gas corporation that provides carbon products and services.