BP's Recovery Prospects Have 'Never Been Better,' RBC Says

11:30 AM EST, 11/09/2026 (MT Newswires) -- BP's (BP) prospects for recovery have "never been better" amid a supportive macro environment and a balance-sheet repair plan that is nearing completion, RBC Capital Markets said Monday in a report. The balance sheet should be "fixed" by mid-2027, and total financial obligations should fall to around $25 billion, a level sufficient to restart share repurchases, RBC said. BP is expected to return more of its market capitalization to its shareholders from 2027 to 2030 than its peers, the report said. Ahead of a Dec. 15 presentation led by CEO Meg O'Neill, BP needs to present a balanced investment case that includes "upstream growth, cost reductions, downstream improvements, and competitive distributions," RBC said. BP also needs to show investors it can deliver modest growth while building a pipeline of projects to supplement production and offset reserve declines expected in the 2030s, the report said. RBC maintained its outperform rating on BP's stock. Price: 44.77, Change: +0.24, Percent Change: +0.54