Should I Buy BP Plc. (BP) for My ISA?

An irreplaceable company
And what about the nature of the business? Well, there’s much talk of ending our dependence on fossil fuels — but for the foreseeable future, that’s all just hot air. Renewable energy sources take a long time to develop, and they just do not produce the energy density of oil and gas.

So next time you hear of a new wind farm covering many hectares of countryside that can produce enough power for a small town, remember it’s the stuff being pumped out by companies such as BP that is powering the important places such as London, New York, and Beijing.

Sure, nuclear power could do the job — but it’s unfashionable at the moment, to say the least, and the lead time to develop new power stations is very long.

So, we have a company whose share price is depressed, has strong forecasts, is paying nice dividends, and is in a business that will be of critical importance to the planet for decades to come. That screams buy to me, and it’s why I have BP in the Fool’s Beginners’ Portfolio.

And I think BP should be on your list of ISA candidates!

And finally…
If you’re looking for other ISA possibilities that are likely to provide shareholders with strong dividends and share-price growth for years to come, I recommend you take a look at the Fool’s recently chosen “Top Income Share for 2013.”

This top share is another FTSE 100 giant, and it offers a dividend yield of around 5.6% — and there’s potential for share-price appreciation, too.

The article Should I Buy BP for My ISA? originally appeared on Fool.com.

Alan Oscroft has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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