BP PLC ADR
BP: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $86.30 | Bkx | Trqcsncx |
BP's Slowing Transition Strategy Gives Reason for Another Look as Shares Still Undervalued
Business Strategy and Outlook
BP previously expected to reduce production by 25% by 2025 and 40% by 2030, but it will now increase production slightly through 2025 and reduce it by about 25% from 2019 levels by 2030, largely through divestments. During that time, it should also improve upstream profitability as higher-margin volumes from major projects come online and costs are reduced.