10 Best UK Stocks to Buy According to Billionaires

5. BP p.l.c. (NYSE:BP)

Number of Billionaire Investors: 11

Value of Billionaire Holdings: $1.31 billion

Founded in 1908 and based in London, BP p.l.c. (NYSE:BP) is a multinational integrated energy company that provides natural gas, oil, and low-carbon energy, including wind, solar, hydrogen, and carbon capture. On February 27, Bernstein reiterated an Outperform rating on BP with a price target of £5.70. According to the investment firm, BP has adapted to new market conditions, lowering its spending and focusing more on high-return oil and gas projects. The company aims to expand production by 2030 and continue growing through 2035, with a focus on reaccumulating reserves.

On February 11, BP p.l.c. (NYSE:BP) declared a $0.48 per ADS quarterly dividend, which was paid on March 28 to shareholders of the company as of February 21. In 2024, the company reported a full-year operating cash flow of $27.3 billion. BP also raised its dividend per share by 10% and returned $7 billion in share repurchases. By the end of Q4 2024, BP’s net debt was $23 billion, down from $24.3 billion in Q3 but up from $20.9 billion in the prior-year quarter. This change was driven by $2.8 billion from asset sales, $2.6 billion in hybrid bonds, and $3 billion in debt from recent acquisitions.

A total of 11 billionaires were bullish on BP p.l.c. (NYSE:BP) in the fourth quarter of 2024, with total stakes worth $1.31 billion. Billionaire Ken Fisher’s Fisher Asset Management was the biggest position holder in the company, with 23.3 million shares valued at nearly $690 million.