Bp Share Price Forecast

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Bp Share Price Forecast

Bp Share Price Forecast For Long Term

If we look into the last few decades, the shares of BP were never highly volatile. But it all changed with the pandemic crash, as that's when BP launched the famous Net Zero project.

Since then, the share prices of BP have plunged and are now at historic lows. But the US is now refocusing on oil, and BP has also lowered its targets for low emissions. This allowed the BP shares to recover some of the lost ground, but are the troubles for BP really over?

City Analysts Are Bullish On Bp Shares

According to analysts from City, they are bullish on the BP share price and have set a price range of 514p - 698p. This means the City analysts are expecting the BP shares to jump around 22 - 67%.

The experts also added that the P/E ratio of BP shares is likely to decline to around 9 by the year 2027. In addition, the BP shares will continue to offer a healthy dividend yield for the coming years.

Looking ahead, it's clear that the world is now moving towards green energy and low-emission energy sources. But even if the shift picks up pace, it's also a reality that some part of it will be coming from the hydrocarbons.

Meanwhile, BP's strategy is to go full ahead with its oil and gas activities in both upstream and downstream. The CEO of BP also added that they have added 5 new gas and oil projects. In addition, they are also working on several exploration projects.

Experts also added that the growing demand for AI means the energy demand will also increase dramatically. So, we can expect an increase in oil and gas consumption as well.

So for now, things are looking good for the BP, and it will stay that way for at least the next 5-6 years. But once the world starts to move away from burning hydrocarbons, things will get tough for BP.

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