14 Best LNG Stocks to Buy Now

Page 4 of 13

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

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 February 13, Freedom Finance analyst Sergey Pigarev downgraded BP p.l.c. (NYSE:BP) from ‘Hold’ to ‘Sell’, while keeping its price target on the stock unchanged at $37. The downgrade comes after the analyst viewed the energy giant’s Q4 results as soft. The analyst highlighted that BP suspended its stock buyback program amid the low-priced environment, while any further oil market weakness could weigh ‘materially’ on its earnings.

BP p.l.c. (NYSE:BP) is now the only top-five oil major without a share repurchase program. The unpopular strategic move comes as the company decided to prioritize production growth over shareholder payouts, allowing it to repair its shaky financial footing. BP has also announced to reduce its capital expenditure from $14.5 billion in 2025 to no more than $13.5 billion this year. Moreover, the company has now set a cost-reduction target of $6.5 billion by the end of 2027, up from $5 billion previously.

That said, BP p.l.c. (NYSE:BP) boasts an impressive annual dividend yield of 5.18%, putting it among the 12 Best Crude Oil Stocks to Buy for Dividends.

Page 4 of 13