British Petroleum (NYSE: BP) is one of the largest multinational oil and gas companies in the world, and one that is touches almost every aspect of the energy business. With oil prices losing ground recently, investors are naturally worried, but oil is here to stay. With nearly a 7% dividend, a 15-year natural gas deal with South Korea, and strong potential growth, BP is a smart choice for investors seeking growth potential.
Most investors have a love/hate relationship with energy, particularly oil companies.This is because so much industry is affected by the price of oil, and as we all know, oil prices can fluctuate. Whether its' upheaval in the Middle East, attacks (as the recent one in Saudi Arabia), trade wars or oil spills, energy prices can be dramatically affected. Over the past 20 years, the annual closing price of oil has been as low as $20 per barrel and as high as $145 per barrel. Is it any wonder that this sector causes stress to investors?
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Source: Motley Fool
(October 9, 2019 - 10:27 PM EDT)
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