If you are a stockholder in British petroleum, yesterday would have been a very good day for you. BP share price went up by 1.28% yesterday and now it is priced at $47.57. British petroleum has a bright future and its earnings are going to increase in coming time.
BP has
clearly defined future plans. It is going to benefit from increasing demand of
petroleum goods. It is going to expand in several new areas to increase
production of oil. BP is also investing to find new petroleum resources; these
new resources are going to add a huge value to the firm.
BP has a well-defined growth strategy and is working on several projects
for that. Many of these projects are completion phase and will be operational
very soon. Once these projects are complete these will add a large stream of
cash flows. BP is also committed to find more efficient and effective ways to
extract and refine these materials and this is one of the major reasons of its
success.
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