Gold soars to record high over $3,900/oz amid yen slump, US rate cut bets
BP stock reached a new 52-week high, trading at 35.55 USD, representing a 41% increase from its 52-week low of 25.22 USD. This marks a significant milestone for the energy giant, reflecting a positive trend in its stock performance over the past year. The company offers an attractive 5.6% dividend yield and has maintained dividend payments for 34 consecutive years, according to InvestingPro data. The stock’s upward trajectory is underscored by an impressive 21.6% return over the last 12 months and a 24.7% gain year-to-date, indicating strong investor confidence and favorable market conditions. This recent peak aligns with broader industry trends and BP’s strategic initiatives aimed at bolstering its market position. As the company continues to navigate the evolving energy landscape, its stock performance remains a focal point for investors and analysts alike. For deeper insights into BP’s valuation and 12+ additional ProTips, explore the comprehensive research available on InvestingPro.
In other recent news, BP reported strong second-quarter earnings for 2025, exceeding analyst expectations with an earnings per share of $0.90, surpassing the forecasted $0.67. Revenue also outperformed predictions, totaling $46.63 billion compared to the anticipated $42.18 billion. In another development, Morgan Stanley upgraded BP’s stock from Underweight to Equalweight, reflecting optimism about the proposed sale of BP’s Castrol subsidiary, which could result in an $8 billion cash inflow by mid-2026. Additionally, Scotiabank upgraded BP to Sector Outperform following the Bumerangue discovery, which is expected to significantly impact BP’s upstream portfolio. Melius Research also initiated coverage of BP with a Buy rating, highlighting the company’s renewed focus on oil and gas. Meanwhile, BP’s Whiting refinery in Indiana is gradually restarting after flooding disruptions, aiming to reach full production rates soon. These developments indicate a dynamic period for BP with various strategic and operational adjustments underway.
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