BP stock falls 2.15 percent while JPMorgan lifts target to GBp 675

Published on 09/25/2026 at 16:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BP stock saw JPMorgan move it to Overweight from Neutral on September 23, lifting the target from GBp 550 to GBp 675. Quarterly EPS reached USD 2.22.

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BP stock (ISIN GB0007980591) was trading at GBp 559.70 on the London Stock Exchange on September 25, 2026, down 2.15 percent at 9:12 a.m. BST. Sharecast reported that JPMorgan upgraded BP to Overweight from Neutral on September 23, 2026, and raised its price target from GBp 550 to GBp 675.

JPMorgan sees balance sheet repair

The upgrade centers on balance sheet repair, a simpler portfolio and renewed upstream growth potential, according to Sharecast. JPMorgan said its base case assumes Brent crude at USD 75 in 2027 and projects BP's total financial obligations falling 50 percent by the end of 2027.

The target increase is material: GBp 675 is GBp 125 above the previous GBp 550 target. JPMorgan also described the dividend as yielding close to 5 percent and growing at a 4 percent compound annual rate, figures published by Sharecast.

Quarterly earnings set a higher bar

BP's latest quarterly report delivered adjusted earnings per share of USD 2.22, ahead of the USD 1.87 consensus by USD 0.35, while quarterly revenue reached USD 69.11 billion versus USD 57.89 billion expected, according to MarketBeat. Revenue was up 106.1 percent from the same quarter a year earlier.

The same report stated that BP increased its quarterly dividend to USD 0.5196 per share from USD 0.50. That payout was scheduled for September 18, 2026, giving the earnings comparison a direct shareholder-return angle.

BP stock trades below the target

At GBp 559.70 on September 25, 2026, BP stock stood GBp 115.30 below JPMorgan's GBp 675 target, while the session change remained negative at 2.15 percent. The contrast leaves the market weighing improved earnings, a higher bank valuation and the execution risk surrounding BP's balance-sheet repair.