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BP stock upgraded twice in one day as recovery gains momentum under new CEO Meg O’Neill.

Analyst Insights
11 May 2026
24/7 Wall Street
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Bullish
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BP received simultaneous upgrades from Argus and RBC Capital, signaling growing confidence in its turnaround under CEO Meg O’Neill. Argus highlighted strong Q1 2026 earnings, increased production, and refining margins, while RBC emphasized structural deleveraging opportunities amid favorable commodity prices. BP’s shares have outperformed some U.S. peers year-to-date, but the company still faces challenges like debt and execution risks. Investors are advised to adopt a cautious approach while monitoring BP’s progress on divestments and market conditions.

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