Wells Fargo raises target for BP stock to USD 57.00

Published on 10/13/2026 at 13:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BP reports third-quarter results October 30, 2026. BP stock costs EUR 7.10 on October 13, 2026, up 2.42 percent versus the Xetra close.

Wells Fargo moved BP to Overweight and raised its target from USD 48.00 to USD 57.00 on October 1, 2026.
BP is scheduled to publish third-quarter 2026 results on October 30, 2026.
BP stock costs EUR 7.10 at Lang & Schwarz on October 13, 2026 at 1:47 p.m. CEST, up 2.42 percent versus the Xetra close of October 12, 2026.
BP has a P/E ratio of 23.07 and a market capitalization of USD 122.5 billion.

Extreme Nahaufnahme glänzender Rohöl-Tropfen in Bernstein-Schwarz auf poliertem Stahl — BP plc GB0007980591 zeigt Rohöl als extreme Makroaufnahme glänzender schwarzer Tropfen auf Metalloberfläche, Illustration mit AI erstellt.

Wells Fargo upgraded BP to Overweight and raised its price target from USD 48.00 to USD 57.00 in a note dated October 1, 2026, according to Yahoo Finance. The USD 57.00 target is 22.00 percent above BP's USD 46.73 primary-market price in the same currency. BP stock was trading at EUR 7.10 at Lang & Schwarz on October 13, 2026 at 1:47 p.m. CEST, up 2.42 percent versus the Xetra close of EUR 6.93 on October 12, 2026.

Results date is October 30

Marketscreener reported on October 13, 2026 that BP plans to publish its third-quarter 2026 results on October 30, 2026. The same statement says BP will hold a strategy and outlook update on December 15, 2026, giving investors two dated reference points for the next phase of the year.

Stock sits near its yearly high

The Lang & Schwarz price of EUR 7.10 is 1.43 percent below the reported 52-week high of USD 48.27 only if currencies are kept separate, so no euro distance to that dollar range is used. The Xetra comparison is cleaner: EUR 7.10 stands EUR 0.17 above the October 12 level of EUR 6.93, a 2.42 percent increase calculated from the unrounded Xetra close of EUR 6.932.

BP's London listing was quoted at 595.90 GBp on October 13, 2026 at 8:47 a.m. BST, according to Fidelity. That page lists a 52-week LSE range of GBp 399.35 to GBp 609.40, an annual dividend yield of 4.87 percent and a share volume of 3,450,318.

Valuation and sector comparison

Finance figures put BP's market capitalization at USD 122.5 billion and its P/E ratio at 23.07 as of October 12, 2026. Shell stood at USD 101.59 with a P/E ratio of 11.25 and a market capitalization of USD 283.2 billion, while TotalEnergies stood at USD 88.37 with a P/E ratio of 11.13 and a market capitalization of USD 196.8 billion.

Marketscreener also said BP's updated third-quarter guidance includes upstream production of 2,190 to 2,240 thousand barrels of oil equivalent per day, compared with 2,201 thousand barrels per day in the second quarter. The range is a period-specific operating indicator, not a revenue forecast.

Comparison with peers

BP: plus 2.42 percent, P/E 23.07, market capitalization USD 122.5 billion

Shell (USD): plus 1.41 percent, P/E 11.25, market capitalization USD 283.2 billion

TotalEnergies (USD): plus 2.62 percent, P/E 11.13, market capitalization USD 196.8 billion

Trading reference for BP stock

BP stock was trading at EUR 7.10 at Lang & Schwarz on October 13, 2026 at 1:47 p.m. CEST, plus 2.42 percent versus the Xetra close of October 12, 2026 at EUR 6.93. The primary listing is on the LSE, where the share price was 595.90 GBp at the time cited by Fidelity.

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