This oil giant has lagged its leading rivals through two energy crises. Now one Wall Street giant says it’s time to buy.
Why now
Thesis: Contrarian buy call on a beaten-down oil major
Catalyst to watch: Follow-through upgrades or oil price recovery
Main risk: Upgrade alone cannot fix operational underperformance
Why it matters
A major bank upgrade on a laggard integrated oil name can draw value-seeking flows, though the call rests on relative underperformance rather than new fundamentals.
Details
Integrated oil giant BP has lagged its closest rivals over the last three to five years, but now one leading Wall Street firm says it’s time to buy the beleaguered company.
Sources
- marketwatch · 2026-09-23 08:24 UTC