Bishop (LSE: bp.) Actions always fell on time with oil price. So, when the raw Brent has fallen to USD 68 for a barrel in recent days, it is not a real shock to see the drifting of BP’s share price.

Over the past 12 months FTSE 100 Stocks dropped by over 12%. Even with the final efficiency of about 6%, investors would still be red.

The company is now under pressure in almost every direction. US activist fund Elliott has recently slammed “Chronic worse” and increased the campaign to reset strategic i “Decisive and effective leadership” To recover BP on the right track.

It was as a BP named Albert Callold, the first one CRH Boss, as a up-to-date chairman. His meeting caused speculation that the oil giant could one day follow the example of CRH and move his list from London to New York, although the CEO of Murray Auchincloss insists that he is not on the cards.

Soft earnings

In February, Auchincloss garbage green transition bishop. By 2027, he wants to relieve assets worth $ 20 billion to reverse the green change and pay off the debt, and this year was expected to USD 4 billion. BP has already sold American wind business and turned to renewable energy sources, trying to focus on basic production and cut out low content projects.

BP also hopes to enhance daily power to 2.5 m barrels of equivalent oil to 2030, while reducing employment by 5%. However, the results will not appear for some time.

On April 29, BP reduced half of the purchase in Q1 to USD 750 million, citing unstable oil prices. Donald Trump’s tariff threats did not support. On July 11, he warned that earnings in the second quarter would bring to the weaker prices of oil and gas, despite slightly higher production.

Warped valuation

One of the strangest numbers is the current price -profit ratio. The price ratio to BP profit increased to the stunning 225. This is a edged decline in profit on the action that fell from 88 cents to only 2 cents in 2024. If the profits recover, its redemption of dividends and shares may be under further pressure, with inevitable security damage.

While some investors may consider the purchase of BP for a generous dividend and long -term recovery potential, there is no threat. Taking over the acquisitions may tempt some, but not me. Too often comes to any of them.

Of the 32 analysts covering shares 18, evaluates him. This is right for me. The company looks uncertain of its direction, and with the slowdown of global economy the demand for oil can remain subdued.

If BP can provide higher production and better earnings, actions may eventually affect. But I think that today there are much stronger fTSE dividend supplies, which should be taken into account, with much less luggage.

Considering the huge range of challenges that BP faces, I would expect that its price will last for some time. At some point, the shares could fly, but today I approached with caution.