5 Best Natural Gas Stocks to Buy for Transitional Power

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

Short % of Shares Outstanding: 0.48%

On May 15, BP p.l.c. (NYSE:BP) announced plans to scale back much of its pipeline gas trading team, eliminating approximately 20 roles while integrating remaining personnel into its expanding liquefied natural gas trading business. The move reflects Europe’s continued transition away from Russian pipeline gas toward LNG imports and highlights BP’s efforts to adapt its energy trading operations to changing regional supply dynamics. Management’s restructuring suggests a strategic reallocation of resources toward growth areas within global gas trading markets.

Earlier, on May 11, Argus Research upgraded BP p.l.c. (NYSE:BP) to Buy from Hold following stronger-than-expected first-quarter results. According to the analyst, BP’s earnings beat was driven by higher upstream production, materially improved refining margins, and robust oil trading performance. These positives were partially offset by lower commodity price realizations, but the upgrade reflects improving confidence in the company’s operational momentum and diversified energy platform.

Founded in 1909 and headquartered in London, England, BP p.l.c. (NYSE:BP) is a global integrated energy company engaged in oil and gas exploration, refining, trading, petrochemical production, and energy marketing. Originally founded as the Anglo-Persian Oil Company, BP remains one of the world’s largest multinational energy producers.