What’s Happening With BP’s Stock?
FARMINGDALE, NEW YORK – SEPTEMBER 15: A general view of a BP gas station on September 15, 2022 in … [+]
Despite a 14% decline in its stock price this year, bringing it to approximately $29 per share, we believe BP plc stock (NYSE: BP) has the potential for long-term growth. Although the ongoing geopolitical conflict poses risks that may impact oil and gas prices, the U.S. Energy Information Administration anticipates price stabilization in the coming years. The European integrated energy major’s third-quarter performance reflected the decline in oil prices, which fell 17% amid concerns over global demand. However, the company’s strategic…
