BP PLC

BP remains in a Stage 2 advancing corrective reset within a broader uptrend. Price has reclaimed and is consolidating above the rising 9EMA, 21EMA, and 50DMA, supported by an active Bullish Pivot Point. Medium-term bias stays bullish, but short-term extension into elevated RSI and Options Score suggests deferring execution. Favor entries on shallow pullbacks into the rising EMA support zone under the Growth at Reasonable Price framework.

• ↑Underlying pre-tax earnings of $5.3B and $7.8B operating cash flow underpins financial strength.
• ↑14 new field discoveries since 2025, led by an 8bn-barrel Boomerang find.
• ↓Struggles converting revenue into profit amid negative profitability factors.