BP is a British integrated crude oil and natural gas company.
Not only is BP extremely profitable in the currency environment, but its stock is attractively valued and it has an aggressive capital return program that provides steady dividend income for investors and supports the stock price.
In the third quarter, BP reported roughly $5 billion in profit and $8.7 billion in operating cash flow. BP announced a $1.5 billion share buyback and reduced its debt load to $22.3 billion in the quarter. BP management has also consistently demonstrated its commitment to maintaining its attractive 4.7% dividend.
In addition to its profitable core oil and gas business, BP is transitioning to a cleaner future. It has invested heavily in “resilient hydrocarbons,” projects that produce oil and gas with the lowest possible carbon emissions.