BP stock falls 1.24 percent as JPMorgan raises target

Published on 09/30/2026 at 11:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BP stock has a GBX 675.00 target after an upgrade from GBX 550.00 on September 23, 2026. Q2 profit reached USD 5.7 billion.

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BP stock (ISIN GB0007980591) was trading at EUR 6.36 at Lang & Schwarz on September 30, 2026 at 11:10 a.m. CEST, down 1.24 percent from the prior close of EUR 6.44. The recent analyst upgrade and BP's latest quarterly figures give investors two concrete reference points for the move.

JPMorgan lifts its target

On September 23, 2026, MarketScreener reported that JPMorgan raised its BP target from GBX 550.00 to GBX 675.00 and upgraded the rating from Neutral to Buy. The target change puts the bank's new reference level 22.73 percent above the old one, calculated from GBX 550.00 to GBX 675.00.

The rating change is tied to BP's balance-sheet and portfolio reset. The key test is whether improving financial obligations and operating performance can support the more optimistic valuation into the next reporting period.

Q2 profit provides the operating test

In coverage dated September 28, 2026, TipRanks cited BP's August 4, 2026 results showing underlying replacement-cost profit of USD 5.7 billion in Q2 2026. That figure was USD 2.5 billion higher than in Q1 2026, while operating cash flow reached USD 10.9 billion.

The same results placed net debt at USD 22.3 billion at the end of Q2, down from USD 25.3 billion at the end of Q1. That USD 3.0 billion quarter-over-quarter reduction is the central counterweight to the stock's weaker September 30 indication and helps explain why the analyst case emphasizes deleveraging.

BP remains an energy listing

AJ Bell identifies BP's London listing with ISIN GB0007980591 and places the company in the Energy sector. BP's integrated model spans oil and gas production, refining, retail fuel, Castrol lubricants, electric-vehicle charging and lower-carbon activities, so earnings remain exposed to both commodity prices and operating execution.

BP stock trades lower in euros

BP stock was trading at EUR 6.36 at Lang & Schwarz on September 30, 2026 at 11:10 a.m. CEST, down 1.24 percent versus the Lang & Schwarz prior close of EUR 6.44. The next scheduled company reporting date listed by MarketScreener is October 27, 2026, for BP's Q3 2026 earnings release.