BP Price Target Cut by £50 at JP Morgan

With an average upside potential of 34.50% according to Wall Street analysts, BP p.l.c. (NYSE:BP) is included among the 10 Most Promising Energy Stocks to Buy Now.

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 July 3, JPMorgan cut its price recommendation on BP p.l.c. (NYSE:BP) from £600 to £550, while keeping a ‘Neutral’ rating on the shares. The revised target still indicates an upside of over 14% from the current price level.

BP p.l.c. (NYSE:BP) is set to announce its Q2 2026 results on August 5. The company expects its second-quarter upstream production to be lower compared to Q1, primarily due to the seasonal maintenance predominantly in the Gulf of America and the supply disruption in the Middle East. It also cautioned that the recent high volatility in oil and gas prices could impact PSA contracts. The British energy giant is targeting a capital expenditure budget in the range of $13-13.5 billion for the full-year 2026.

With an impressive annual yield of 5.17%, BP p.l.c. (NYSE:BP) was also recently placed in our list of the 12 Best NYSE Stocks to Buy for Dividends.

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