BP stock trades at GBp 563.80 as analysts raise targets

Published on 09/28/2026 at 15:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BP stock was trading at GBp 563.80 on September 28, 2026, while JPMorgan raised its target to GBp 675. Quarterly revenue reached USD 69.11 billion.

Aquarellmalerei der Londoner Skyline mit St. Paul's Cathedral in zarten Pastell-Abenddüften — BP plc GB0007980591 mit Londoner Heimatstadt – St. Paul's Cathedral in weichen Pastellfarben gemalt, Illustration mit AI erstellt.

BP stock (ISIN GB0007980591) was trading at GBp 563.80 on the London Stock Exchange at 2:07 p.m. London time on September 28, 2026, up 0.95 percent on the session. The immediate catalyst is a reported Egyptian objection to BP's proposed sale of selected local assets, while recent analyst upgrades have strengthened the valuation debate.

Egypt complicates asset strategy

Mada Masr reported on September 28, 2026, that Egyptian officials told BP they would reject a proposed sale of certain Egypt oil and gas assets to Energean. The report cited two sources and said BP had not officially announced a deal, leaving the issue tied to execution and government approval rather than completed proceeds.

The reported dispute matters because asset disposals are part of BP's effort to improve its portfolio and balance-sheet position. For investors, the distinction between a negotiated transaction and a completed sale is material: the reported outcome does not yet provide BP with cash proceeds or remove the assets from its operating base.

JPMorgan lifts target to GBp 675

According to MarketBeat on September 23, 2026, JPMorgan raised its BP price target from GBp 550 to GBp 675 and maintained an overweight rating. The new target is GBp 111.20 above the September 28 intraday price, a gap of 19.72 percent.

MarketBeat also reported a consensus Moderate Buy rating and an average target of GBp 605. The range of targets shows why the asset-sale question is only one part of the BP thesis: execution, leverage and commodity exposure remain central to the debate.

Revenue reached USD 69.11 billion

BP reported quarterly revenue of USD 69.11 billion against USD 57.89 billion consensus, according to MarketBeat. The USD 11.22 billion gap indicates that reported sales were 19.38 percent above the cited estimate, although revenue alone does not determine cash generation or shareholder returns.

BP stock holds above GBp 560

BP stock's reference price was GBp 563.80 on September 28, 2026, with a session range of GBp 560.90 to GBp 567.50 and volume of 6,987,052 shares. The 52-week range is GBp 399.35 to GBp 609.40, placing the price 7.48 percent below the yearly high.