UBS keeps Buy rating for BP stock at GBp 675.00
Published on 10/05/2026 at 09:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
BP (GB0007980591) was trading at EUR 6.61 at Lang & Schwarz on October 5, 2026 at 9:32 a.m. CEST, plus 0.15 percent versus the EUR 6.60 prior close. UBS maintained a Buy rating for BP and a GBp 675.00 price target on September 28, 2026, according to MarketBeat.
Profit rebound supports the case
BP's second-quarter numbers provide the main operating counterweight to the modest share-price move. Underlying replacement cost profit reached USD 5.732 billion in the second quarter of 2026, compared with USD 3.198 billion in the first quarter, a USD 2.534 billion quarter-over-quarter increase, according to MetaTrader.
Operating cash flow also rose to USD 10.858 billion in the second quarter from USD 2.860 billion in the first quarter. Net debt stood at USD 22.251 billion at the end of the second quarter, down from USD 25.309 billion three months earlier, while BP's dividend per share increased to USD 0.0866 from USD 0.0832.
Analysts set a higher reference point
JPMorgan raised its target from GBp 550.00 to GBp 675.00 and assigned an Overweight rating in a report dated September 23, 2026. MarketBeat also listed ten Buy ratings and one Hold rating, with a consensus target of GBp 605.00, although the same source showed Jefferies at Hold with a GBp 520.00 target.
The spread between the targets matters because BP's LSE price was listed at GBp 557.20 to GBp 557.40 by AJ Bell on October 2, 2026. Its reported 52-week range was GBp 399.35 to GBp 609.40, placing the stock below the yearly high while leaving the valuation debate tied to execution and commodity conditions.
Results date sets the next test
BP's next scheduled quarterly report is October 30, 2026, before the market opens, according to Yahoo Finance. That report will test whether the second-quarter improvement in profit, cash flow and net debt continues while BP carries out portfolio changes and manages operational disruption.
BP stock holds near its yearly high
BP was trading at EUR 6.61 at Lang & Schwarz on October 5, 2026 at 9:32 a.m. CEST, plus 0.15 percent versus the EUR 6.60 prior close. The further course of trading is shown by the continuously updated real-time quote of BP stock.
BP stock facts
- Company: BP p.l.c.
- ISIN: GB0007980591
- Ticker: BP.L
- Primary exchange: LSE
- Price Lang & Schwarz as of October 5, 2026, 9:32 a.m. CEST: EUR 6.61
- Change versus prior close: plus 0.15 percent
- Prior close Lang & Schwarz October 2, 2026: EUR 6.60
- Market capitalization: GBP 86.2 billion as of October 2, 2026
- 52-week range: GBp 399.35-609.40 as of October 2, 2026
- Sector / Industry: Energy / Oil and Gas Integrated
- Next earnings date: October 30, 2026
