BP p.l.c. (NYSE:BP) is included among the 12 Best LNG Stocks to Buy in 2026.
Oleksandr Kalinichenko / BP p.l.c. (NYSE:BP) is a British multinational company recognized worldwide for quality gasoline, transport fuels, chemicals, and alternative sources of energy such as wind and biofuels
On May 11, Argus upgraded BP p.l.c. (NYSE:BP) from ‘Hold’ to ‘Buy’ after the company exceeded estimates in its Q1 report last month. The British oil major‘s customers and products business, which includes oil trading operations, delivered profit before interest and tax of $3.2 billion during the quarter, its highest level since the Russian invasion of Ukraine in 2022. According to Argus, the strong performance is largely attributed to BP’s increased upstream production, materially higher realized refining margins, and strong oil trading contributions.
However, the analyst firm noted that these positives were partly offset by weaker price realizations. The stronger-than-expected Q1 profits come as a tailwind for the new CEO, Meg O’Neill, as she confronts the need to bolster the company’s balance sheet and divest low-returning assets. Sound Shore Management, an investment management firm, stated the following regarding BP p.l.c. (NYSE:BP) in its Q1 2026 investor letter: “On the positive front, and in contrast to the above, energy was far and away the best performing sector for the period.