BP stock: UBS keeps Buy rating and GBp 700 target for BP stock

Published on 10/22/2026 at 15:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BP reported USD 69.11 billion revenue for Q2 2026. BP stock costs EUR 7.45 on October 22, 2026, up 0.93 percent versus the Xetra close.

Analyst target and reporting date

UBS maintained a Buy rating and a GBp 700 target on October 21, 2026.
BP reported USD 69.11 billion in second-quarter revenue for the period ended June 30, 2026.
BP stock costs EUR 7.45 at Lang & Schwarz on October 22, 2026 at 3:39 p.m. CEST, 0.93 percent above the Xetra close of October 21, 2026.
BP is scheduled to publish third-quarter results on October 30, 2026.

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BP p.l.c. (ISIN GB0007980591) retained a Buy rating and a GBp 700 price target from UBS on October 21, 2026, according to Markets Insider. BP stock was trading at EUR 7.45 at Lang & Schwarz on October 22, 2026 at 3:39 p.m. CEST, up 0.93 percent versus the Xetra close of October 21, 2026 at EUR 7.38.

UBS keeps its GBp 700 target

UBS's GBp 700 target places BP's London-listed price 11.49 percent below the target, based on the LSE quote of GBp 619.60 at 1:50 p.m. CEST on October 22, 2026. The target was unchanged in the UBS report, while the rating remained Buy.

The analyst view arrives before BP's next scheduled results. It also gives the stock a defined level against which the market can assess the company's upcoming operating figures.

Revenue and the October 30 results

BP reported USD 69.11 billion of revenue for the second quarter of 2026, the period ended June 30, 2026, according to MarketBeat. The same source lists USD 48.42 billion for the year-earlier quarter, putting the reported comparison at 42.72 percent growth.

BP's official trading statement dated October 13, 2026, says third-quarter results are scheduled for October 30, 2026. The statement also gives third-quarter net debt guidance of USD 13.5 billion to USD 14.5 billion, compared with USD 22.3 billion in the second quarter, and identifies post-tax adjusting items of USD 3.0 billion to USD 4.5 billion.

Stock sits near its yearly high

BP's LSE quote was GBp 619.60 on October 22, 2026, against a 52-week range of GBp 413.30 to GBp 626.10. The price therefore stood 1.04 percent below the yearly high. Market capitalization was GBP 95.8 billion and the price-to-earnings ratio was 24.12 on the same quote.

What comes next for BP

The October 30 results will provide the next dated test for BP's revenue, profit and debt trajectory. The company has also scheduled a strategy and outlook update for December 15, 2026, in New York City, according to its October 13 trading statement.

BP price and investor context

BP's euro price was EUR 7.45 at Lang & Schwarz on October 22, 2026 at 3:39 p.m. CEST, 0.93 percent above the Xetra close of October 21, 2026 at EUR 7.38. The LSE price was GBp 619.60 at 1:50 p.m. CEST on October 22, 2026.

The further course of trading is shown by the continuously updated real-time quote of BP stock.