BP p.l.c. (NYSE:BP) is one of the best cheap stocks under $50 to buy now. On July 16, RBC Capital analyst Biraj Borkhataria maintained a Hold rating on BP p.l.c. (NYSE:BP) and set a price target of £4.50.
Workers in hard hats and safety gear processing oil and gas in a US refinery.
BP p.l.c. (NYSE:BP) reported $1.4 billion in underlying replacement cost profit in fiscal Q1 2025, compared to $1.2 billion in the previous quarter.
Operating cash flow for the quarter reached $2.8 billion, including a working capital build of $3.4 billion and around $4.6 billion lower than the previous quarter.
The drop reflects the effects of seasonal inventory and the timing of a number of payments, including payments related to low-carbon assets held for sale and annual bonus payments.
BP p.l.c. (NYSE:BP) also reported $27.0 billion net debt at the end of fiscal Q1 2025, driven primarily by lower operating cash flow.
Headquartered in London, United Kingdom, BP p.l.c. (NYSE:BP) is an integrated oil and gas company that provides carbon products and services. Its operations are divided into the Gas and Low Carbon Energy, Oil Production and Operations, and Customers and Products segments.
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Disclosure: None. This article is originally published at Insider Monkey.
