BP can be serious force in EV charging, suggests UBS
BPBP(BP) Proactive Investors·2024-03-05 23:51

BP is a much better equity story than just how much cash it is handing out to shareholders, according to analysts at UBS. All of the talk recently has been about share buybacks and its low relative rating, but a low oil price breakeven and efficient production base will provide the funds to sustain total distributions, while also funding growth from low carbon, says the Swiss bank. UBS notes that while the electric vehicle transformation might have stalled recently, peak oil demand is still on the horizon a ...