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BP plc

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BP has rallied 35.7% over the past year, outperforming the industry’s 23.7% gain. The integrated energy company has been gaining on the back of a strong portfolio of upstream projects. Since 2016, BP has placed 15 key upstream projects online, including Atoll Phase 1 & Shah Deniz 2. All those developments are backing the British energy giant to boost production by 900 thousand barrel of oil equivalent per day (MBOE/D) by 2021. Moreover, the company has a strong commitment in returning cash back to the shareholders through share buybacks and dividend payments. BP pays lucrative dividend yield as the current yield of 5.1% is significantly higher than S&P 500’s 1.8%. In fact, over the past few years, the company has been persistently paying higher dividend yield than S&P 500.


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