A year ago, BP Plc shares were tumbling and stock analysts were telling clients to steer clear. Now it’s becoming a darling on the street, with buy ratings starting to pile up.
BP Plc is considering potentially exiting part or all of its operations in the UK North Sea, people familiar with the matter said, as the oil giant works to strip assets and pay down debt.
BP Plc, long the laggard among oil supermajors, is emerging as the sector’s top stock during the Iran war as it reaps “exceptional” trading profits and avoids the scale of production outages hurting rivals like Exxon Mobil Corp.
