LSE:BP.Oil and Gas
BP (LSE:BP.) Could Be 17% Undervalued Following Lightsource Sale Talks
BP (LSE:BP.) is in advanced talks to sell its solar arm Lightsource to a Kuwait-backed consortium. This move could reshape the company’s balance sheet and sharpen its focus on core oil and gas activities.
See our latest analysis for BP.
The Lightsource news comes after a mixed period for BP’s stock, with the share price up 20.05% year to date and 11.99% over the past month. The 1 year total shareholder return stands at 36.67% and the 5 year total shareholder return at 120.26%, suggesting...