BP p.l.c., the Energy sector company, was revisited by a Wall Street analyst yesterday. Analyst Michele Della Vigna from Goldman Sachs maintained a Buy rating on the stock and has a p450.00 price target.
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Michele Della Vigna has given his Buy rating due to a combination of factors including BP’s strong financial performance in the second quarter of 2025. The company reported operating profits significantly above consensus expectations, driven by robust results in oil and gas trading, as well as in the gas and low carbon energy sectors. This outperformance was further bolstered by the Customers & Products division, which also exceeded profit expectations due to strong oil trading and refining margins.
Additionally, BP’s solid cash flow generation, with a free cash flow of $4.3 billion, supports the company’s capital return strategy, including dividends and share buybacks. The announcement of a dividend increase and plans for further share repurchases reflect BP’s confidence in its financial health and future prospects. These positive financial indicators and strategic initiatives underpin Michele Della Vigna’s Buy rating on BP’s stock.
According to TipRanks, Della Vigna is a 4-star analyst with an average return of 4.5% and a 63.18% success rate. Della Vigna covers the Energy sector, focusing on stocks such as Neste Corporation, TotalEnergies SE, and BP p.l.c..