5 Oil Stocks to Watch on Thursday

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

BP p.l.c. (NYSE:BP) is a London-based energy company that is expected to be impacted by the OPEC agreement due to its diversity of operations across the globe. BP p.l.c. (NYSE:BP) is up 0.47% as of 2:15 PM ET. The diversification of activities helped BP p.l.c. (NYSE:BP) bear the effect of a 25% windfall tax on the profits generated by oil and gas production. Only 7% of total production and 4.3% of total profits of the company would be impacted by this development. This number falls further for other European oil majors like Shell plc (NYSE:SHEL) and TotalEnergies SE (NYSE:TTE).

BP p.l.c. (NYSE:BP) was held by 27 hedge funds as of Q1 2022.

You can also take a peek at the 10 Software Stocks to Buy Now According to Jim Davidson’s Silver Lake Partners and 10 Undervalued Dividend Stocks to Buy in 2022.

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