3 Reasons To Buy BP For 2024

News Snapshot:

Matt Cardy/Getty Images News Compared to its UK-based peer Shell plc (SHEL), the oil and gas stock BP p.l.c. (NYSE:BP) has underperformed in the past year. Not only has its price declined by 13% even as Shell has risen by a small 2.7%, but the total returns are negative too (see chart below). The past doesn't always have to form the future, though. Especially not after its price jumped by 6.6% on the release of its recent full-year 2023 results. So there's hope yet. Here I present three reasons why fortunes could smile on BP investors this year. However, the...