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Stock impact report

Big Energy Equals Big Dependable Dividends: 5 High-Yield Blue Chips to Buy for 2026 [Yahoo! Finance]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Global oil inventories are rising, putting downward pressure on prices. At the same time, both OPEC+ and U.S. production were increasing amid relatively stable global oil demand, as OPEC+ sought to regain market share. Some banks expected WTI prices to be below $60 for all of 2026. OPEC+ recently announced plans to unwind its production cuts, with the increases being lower than those initially proposed. The U.S. Energy Information Administration had said it expects the price of crude oil to average near $50 per barrel through 2026, as more supply is added to an already well-supplied market. This was the status quo until recently, when OPEC+ announced it would pause its production increases after December, citing concerns about a global oil glut. The price of oil has rallied somewhat amid the U.S. blockade of Venezuelan tankers. West Texas Intermediate crude is currently $58.91 a barrel and could push back above $60. Mega-cap energy giants offer a degree of safety, and all pay ou Show less Read more
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