Financial PerformanceAnalysts maintain a Buy rating on BP's stock with a price target of 620p, suggesting a notable 21.8% upside potential from the current market price, reflecting confidence in the company's financial prospects.
Renewable Energy CommitmentBP sets an ambitious target to grow its renewable generating capacity to 20GW by 2025 and aims to reach 50GW by 2030, highlighting the company's strong move into renewable energy.
Shareholder ReturnsBP announces a commitment to significant shareholder returns with plans for a US$3.5bn buyback for the first half of 2024 and potential cash returns of around 12% in 2024, underlining the company's financial strength.