Piper Sandler Raises BP Price Target to $44, Maintains Neutral Rating
BP p.l.c. (NYSE:BP) is included among the 12 Best European Dividend Stocks to Buy Now.
On November 10, Piper Sandler raised its price target on BP p.l.c. (NYSE:BP) to $44 from $41 while maintaining a Neutral rating on the shares, as reported by The Fly.
In the third quarter of 2025, BP p.l.c. (NYSE:BP) reported revenue of $49.2 billion, up 2% from the same period last year. Upstream plant reliability stood at 96.8%, supporting a 3% quarter-on-quarter increase in underlying production. Six major projects were started in 2025. Operating cash flow for Q3 reached $7.8 billion, with stronger underlying earnings across operating segments contributing to an underlying replacement cost profit of $2.2 billion. The company now expects divestment and other proceeds for 2025 to exceed $4 billion. Full-year capital expenditure guidance remains around $14.5 billion, with organic capital expenditure expected to stay below $14 billion.
In addition, BP p.l.c. (NYSE:BP) is reportedly in discussions with investment firm Stonepeak regarding the sale of its Castrol lubricants unit, a key step toward achieving the company’s $20 billion divestment target. The sale process began earlier this year after BP announced in February that it was reviewing its century-old lubricants business as part of a broader strategy to shift away from traditional energy.
BP p.l.c. (NYSE:BP) is a global integrated energy company that explores, produces, refines, and markets oil and gas, while also investing in lower-carbon energy sources such as wind and solar power.
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