UBS has raised concerns about BP's recent move to enter data rooms for US shale assets, suggesting the timing may be premature given current high oil prices and BP's ongoing debt reduction efforts. UBS analyst Joshua Stone noted that while BP's shale portfolio is strong and production has increased, the company lacks a clear financial framework for acquisitions and still has pending asset sales. UBS maintains a 'buy' rating on BP, highlighting the importance of further deleveraging and financial clarity before expanding shale investments. The broker forecasts significant free cash flow growth and debt reduction for BP in the coming years, with a 12-month price target of 675p.
UBS's caution on BP's US shale ambitions is presented here with Pluang's Energy sector data for context. For readers following energy stocks, here is Pluang's market snapshot as of Sep 28, 2026 18:42 WIB: out of 38 priced US energy stocks, 31 rose and 6 fell today. Exxon Mobil Corporation (XOM) rose 1.64% to USD 163.19 with a typical hold time of 98 days, Marathon Petroleum Corp (MPC) increased 1.58% to USD 399.74 with a 55-day hold, and EOG Resources Inc (EOG) gained 1.53% to USD 142.50 with a 59-day hold time.
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