BP traded at $38.61 this Tuesday July 7th, increasing $1.22 or 3.26 percent since the previous trading session. Looking back, over the last four weeks, BP gained 11.75 percent. Over the last 12 months, its price rose by 24.83 percent. Looking ahead, we forecast BP to be priced at 36.91 by the end of this quarter and at 34.89 in one year, according to Trading Economics global macro models projections and analysts expectations.
BP p.l.c. is engaged in the global energy business with operations in Europe, North and South America, Australasia, Asia and Africa. The Company provides customers with fuel for transport, energy for heat and light, power for industry, and the petrochemicals products used to make everyday items such as paints, clothes and packaging. The Company's segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is responsible for its activities in oil and natural gas exploration, field development and production. The Downstream segment has global marketing and manufacturing operations, and include the fuels, lubricants and petrochemicals business of the Company. Rosneft is the Company's Russian refining business that owns and operates approximately 13 refineries in Russia, and holds stakes in three refineries in Germany, one in India and one in Belarus.