Published on 2 May 2024 on Zacks via Yahoo Finance
Here's Why You Should Bet on BP Stock Ahead of Q1 Earnings
Investors are closely monitoring BP plc BPas it prepares to announce first-quarter 2024 earnings on May 7, before the opening bell. Some investors are considering whether to buy shares of this large integrated energy company before its earnings release or wait for a more favorable entry opportunity.
Promising Price Trends
BP has proven to be rewarding since the beginning of 2024, gaining 9.3% year to date, exceeding the 8.7% rise of the broader Zacks Oil - Energy sector. The new management’s strong emphasis on the core oil and gas business and focus on returning capital to shareholders are among the key factors driving the outperformance.