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BP plc

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BP has rallied 16.2% over the past year, outperforming the industry’s 10.2% gain. During 2017, the leading integrated energy firm brought online seven key upstream projects. BP is also expected to bring online five more developments in 2018. All these projects along with the developments placed online during 2016 will likely help the energy giant add 800,000 barrels of oil equivalent per day to net production capacity by 2020. The firms’ fourth-quarter 2017 earnings skyrocketed year over year, courtesy of record oil and gas production and higher commodity price realizations. However, the bottom line missed the Zacks Consensus Estimate, thanks to a surge in exploration expenses. Moreover, the oil spill incident of 2010 in the BP-operated Macondo Prospect continues to affect the company. BP anticipates cash out flow related to the incident of $3 billion through 2018 against the prior projection of slightly more than $2 billion.

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