12 Best LNG Stocks to Buy in 2026

7. BP p.l.c. (NYSE:BP)

Number of Hedge Fund Holders: 51

Next on our list of the Best LNG Stocks is BP p.l.c. (NYSE:BP). It 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. Surging oil and gas prices drove holdings Coterra Energy, EQT and BP p.l.c. (NYSE:BP) higher, each returning close to 20% or more. Our process leads us to sustainable businesses with low-cost reserves and fortress like balance sheets. These are critical attributes in today’s volatile world and, we believe, make these businesses even more valuable. The Iran war and its impact on oil prices will be in focus; however, we continue to find value in these businesses on normalized long-term cash flow.”