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Upstream Breakthroughs And Cost Cuts Will Reshape Global Energy Markets

Published
09 Feb 25
Updated
25 Sep 25
AnalystConsensusTarget's Fair Value
UK£4.51
1.2% undervalued intrinsic discount
25 Sep
UK£4.46
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1Y
14.8%
7D
5.9%

Author's Valuation

UK£4.51

1.2% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on25 Sep 25
Fair value Increased 1.61%

Analysts have raised BP’s price target from £4.44 to £4.51, citing improved earnings, a positive outlook on upstream growth after the Bumerangue Block discovery, and confidence in valuation convergence with peers. Analyst Commentary Bullish analysts cite BP’s attractive valuation relative to European supermajor peers, expecting the valuation gap to narrow.

Shared on03 Sep 25
Fair value Increased 1.16%

Analysts have raised BP’s price target to £4.43, citing its strong recent results, attractive valuation relative to peers, operational improvements, and the positive impact of the Bumerangue Block discovery. Analyst Commentary Bullish analysts highlight BP's relative strength in recent IOC results, supported by its unique mix of growth options, resource depth, and sustainable shareholder returns.

Shared on06 Aug 25
Fair value Increased 3.48%

Buoyed by stronger-than-expected margins and improved outlook for core refining and integrated oil operations, analysts have raised BP’s consensus price target from £4.24 to £5.37. Analyst Commentary Bullish analysts are increasing earnings estimates for BP driven by stronger-than-expected margins, particularly in the most recent quarter.

Shared on01 May 25
Fair value Decreased 8.43%

Shared on23 Apr 25
Fair value Increased 0.22%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on17 Apr 25
Fair value Decreased 4.55%

AnalystConsensusTarget has decreased revenue growth from -0.5% to -0.9%.

Shared on09 Apr 25
Fair value Decreased 2.62%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on02 Apr 25
Fair value Increased 0.61%

AnalystConsensusTarget has decreased revenue growth from -0.4% to -0.5%.

Shared on26 Mar 25
Fair value Decreased 0.80%

AnalystConsensusTarget has decreased revenue growth from -0.1% to -0.4%.

Shared on19 Mar 25
Fair value Increased 18%

AnalystConsensusTarget has increased revenue growth from -0.9% to -0.1%.

Shared on12 Mar 25
Fair value Increased 0.77%