With the oil price having fallen by two-thirds to below $40 over the past year and no end to the oversupply in sight, it might seem to be a terrible time to buy BP (LSE: BP). However, it’s already faring better than you might have expected.
VIDEO: One Fool puts BP plc (LON:BP) under the spotlight.
The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.
With the oil price having fallen by two-thirds to below $40 over the past year and no end to the oversupply in sight, it might seem to be a terrible time to buy BP (LSE: BP). However, it’s already faring better than you might have expected.