Fitch Ratings on Wednesday affirmed BP's (BP.L) A+ long-term issuer default rating with a stable outlook.
The oil and gas company's rating mirrors its ability to execute its updated strategy, which prioritizes strengthening the balance sheet through reduced share buybacks, asset divestments and cost-saving measures, while shifting investment toward upstream oil and gas operations.
BP's large-scale global operations and diversified business model also support the rating.
Shell (SHEL.L, SHELL.AS) on Thursday said it has paid the governments of 26 countries where it has operations a total of $23.84 billion in 2025.Brazil is the biggest state beneficiary, receiving $4.25 billion from the oil and gas major. It was followed by Oman, Norway, Qatar, Malaysia, and Nigeria, which received the highest payment in 2024.
Morningstar on Wednesday upgraded oil and gas giant Equinor (EQNR.OL) to hold from sell, while maintaining its price target at 311 Norwegian kroner.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
BNP Paribas on Thursday raised the price target for oil giant Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, to 28.00 Saudi riyals from 26.50 riyals and kept its rating at neutral.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)