12 Best Ethanol Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Investors: 44

BP p.l.c. (NYSE:BP) is among the Best Ethanol Stocks and the most integrated oil and gas companies globally. The business has been aggressively moving toward a low-carbon and more sustainable future by focusing on renewable energy sources, such as biofuels like ethanol and biogas, as well as other sustainable energy alternatives. Its commitment to achieving carbon neutrality by 2050 is a positive beginning.

Strong capital returns were shown by BP p.l.c. (NYSE:BP), which announced $7 billion in share buybacks, including $1.75 billion revealed in Q4 2024, and raised its dividend per share by 10%. The company’s Plant reliability exceeded 95%, while upstream output rose 2% year over year to 2.36 million barrels per day.

Significant strategic advancements were accomplished by the firm, including the acquisition of ten new final investment decisions, expansion into India and Iraq, the sale of tail assets in Trinidad, and the withdrawal from the Empire Wind project offshore in the United States. Furthermore, BP p.l.c. (NYSE:BP) was able to reduce structural costs by $750 million in Q4 2024.