RBC Capital Maintains a Hold on BP p.l.c. (BP)

BP p.l.c. (NYSE:BP) is one of the best UK stocks to buy right now. On August 28, RBC Capital analyst Biraj Borkhataria maintained a Hold rating on BP p.l.c. (NYSE:BP) and set a price target of £4.70.

Why BP PLC (BP) Soared on Monday

BP p.l.c. (NYSE:BP) reported its fiscal Q2 2025 results on August 5, exhibiting strong operations performance. Underlying RC profit for the quarter reached $2.4 billion, while operating cash flow was $6.3 billion.

BP p.l.c. (NYSE:BP) announced plans to enhance its portfolio and progress divestments, with 5 major project start-ups and 10 exploration discoveries year-to-date.

The company also announced a fiscal Q2 2025 dividend per ordinary share of 8.32 cents, along with $750 million share buyback for the quarter.

Headquartered in London, United Kingdom, BP p.l.c. (NYSE:BP) is an integrated oil and gas company that provides carbon products and services. Its operations are divided into the Gas and Low Carbon Energy, Oil Production and Operations, and Customers and Products segments.

While we acknowledge the potential of BP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BP and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.