12 Best Hydrogen and Fuel Cell Stocks to Buy for 2025

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

Number of Hedge Fund Holders: 36 

BP p.l.c. (NYSE:BP), headquartered in London, U.K., is a global energy leader established in 1908. The company operates across diverse energy sectors, including natural gas production, wind power, hydrogen, carbon capture, and oil production. BP is also active in EV charging infrastructure, retail fuel distribution, and lubricant manufacturing.

BP p.l.c. (NYSE:BP) recently announced its final investment decision for the “Lingen Green Hydrogen” project, supported by funding from the Important Projects of Common European Interest program. The 100 MW plant is expected to produce up to 11,000 tons of green hydrogen annually. This initiative aligns with the company’s broader plans to expand hydrogen and carbon capture investments, with five to ten similar projects planned globally by the end of the decade. Construction is set to commence in 2025, with commissioning anticipated by 2027.

In Q3 2024, BP p.l.c. (NYSE:BP) reported robust operational performance, with upstream production increasing 3% year-to-date and liquid production rising by 5%. Upstream plant reliability exceeded 95%, while refining availability surpassed 96%. The company also added 23 kbd of biogas supply, with more facilities slated for launch in Q4. These efforts contributed to an underlying profit of $2.3 billion for the quarter.