Prediction: in 12 months the beaten-down BP share price could turn £10,000 into…
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The BP (LSE: BP) share price just can’t catch a break. Over the last 12 months, it’s slumped more than 20%, hit by a mix of weak oil prices, poor sentiment and confusion over where the business is heading.
I took the plunge last autumn, seeing an opportunity while others ran for cover. It hasn’t gone well so far.
BP (LSE: BP.) has taken a string of hits. Oil has stayed stubbornly low, with Brent hovering near $65 a barrel. OPEC+ has been lifting supply, which isn’t helping. The US economy is looking shaky. China’s recovery is patchy. Add in Donald Trump’s tariff war, and it’s no wonder investors are nervous.
The net zero transition has caused plenty of confusion…
