BP Stock Recent News

BP delivered strong Q2 results, beating earnings and revenue estimates due to strong profitability in its core business. The energy enterprise makes an attractive value proposition, trading at a significant discount to U.S. energy rivals despite solid profitability and capital returns. BP is planning on spending $10B annually on major projects in the upstream segment which could help the company accelerate its earnings growth in the years ahead.

The Dividend Harvesting Portfolio rebounded strongly, with profitability up 8.06% and total dividend income now at 19.77% of invested capital. I remain bullish on the S&P 500 reaching 7,000 this year, driven by strong corporate earnings, AI productivity, and a likely lower rate environment. Recent additions to the portfolio—BMY, SLB, and AGNC—reflect my focus on undervalued, high-yield opportunities poised to benefit from rate cuts.

July saw strong market gains, especially in tech, but finding bargains is tough as indices approach all-time highs. I focused July investments on high-yield BDCs like OBDC, MFIC, and BXSL, maintaining a 7.9% yield on cost. Dividend income hit a July record, up 22% year-over-year, with BDCs set to play an even bigger role in the coming months.

Poland's biggest bank PKO BP reported a 13.2% year-on-year rise in its second-quarter profit on Wednesday, driven by a higher net interest income.

BP considers teaming with Petrobras to develop its biggest oil discovery in 25 years despite high CO2 levels raising viability concerns.

SAN DIEGO--(BUSINESS WIRE)-- #MedicalAffairs--In a move to strengthen its ties to the life sciences industry, BP Logix has appointed Dr. Robert Kaper to its Strategic Advisory Board. Dr. Kaper brings more than 30 years of global leadership experience in Medical Affairs and Pharmacovigilance, most recently serving as Vice President of Global Medical Affairs at Otsuka Pharmaceutical. As a Strategic Advisor, Dr. Kaper will provide guidance to the BP Logix executive team on product innovation, go-to-market strategy,.

The Polish unit of BNP Paribas reported a second-quarter net profit of 733.8 million zlotys ($200.4 million) on Tuesday, beating a company-provided consensus of 642 million zlotys, mirroring an upbeat release from its French parent in July.

UBS is flagging the prospect of volatility in the oil market as the United States ramps up pressure on countries still buying Russian crude, but the bank sees any price spikes as likely to be short-lived thanks to spare capacity and a looming surplus. With an 8 August deadline set by President Trump for a Ukraine ceasefire, the US has vowed to penalise buyers of Russian energy, focusing on India and China, and threatening fresh sanctions on shadow fleets that help Russia move oil.

BP PLC (LSE:BP.) new discovery offshore Brazil could be worth somewhere between $10 billion and $20 billion, that's according to analysts at Citi.

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