Barclays raised target for BP stock from GBp 685.00 to GBp 700.00

Published on 10/08/2026 at 12:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 69.11 billion in the second quarter. BP stock costs EUR 6.76 on October 8, 2026 after EUR 6.63, plus 1.96 percent.

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BP (ISIN GB0007980591) was trading at EUR 6.76 at Lang & Schwarz on October 8, 2026 at 12:01 p.m. CEST. According to Business Insider on October 5, 2026, Barclays raised its BP price target from GBp 685.00 to GBp 700.00 and kept an Overweight rating.

Barclays raises the valuation bar

The change adds GBp 15.00 to Barclays' previous target, a 2.19 percent increase calculated against GBp 685.00. The target remains a research view rather than a company forecast, so the key question is whether BP can convert its recent cash generation into a more durable return profile.

The latest reported quarter provides the operating backdrop. MetaTrader reported that BP generated USD 5.732 billion of underlying replacement cost profit in the second quarter of 2026, up from USD 3.198 billion in the first quarter. The measure is adjusted and non-IFRS, so it should not be confused with statutory net income.

Cash flow improves the case

Operating cash flow reached USD 10.858 billion in the second quarter of 2026, compared with USD 2.860 billion in the first quarter, according to MetaTrader. Net debt stood at USD 22.251 billion, down from USD 25.309 billion three months earlier, giving the balance sheet a clearer role in the valuation discussion.

MarketBeat said BP reported USD 69.11 billion revenue and USD 2.22 earnings per share for the second quarter, versus consensus earnings per share of USD 1.87. Revenue was 106.10 percent higher than in the year-ago quarter, while earnings per share exceeded consensus by USD 0.35.

Results date sets the next test

BP's next earnings report is scheduled for October 30, 2026, before the market opens, according to Gekko. That date will test whether the second-quarter improvement in profit, cash flow and debt reduction is continuing into the third quarter.

BP stock gains in trading

BP was trading at EUR 6.76 at Lang & Schwarz on October 8, 2026 at 12:01 p.m. CEST, plus 1.96 percent versus the Lang & Schwarz prior close of EUR 6.63 on October 7, 2026. On the London Stock Exchange, BP's ordinary shares were quoted in GBp, with a 52-week range of GBp 399.35 to GBp 609.40 and market capitalization of GBP 87.2 billion as of October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of BP stock.