$BP. (-1,71 %) BP Rated a “Strong Buy” in the New Energy Era: Why a Valuation Discount Now Presents Opportunities - 09/19/26 - News - ARIVA.DE https://share.google/4FKLxWQluuFfedjcz

Here's the hot stuff from BP p.l.c.
$BP. (-1,71 %) (LSE: BP / NYSE: BP) Q2 2026 Earnings Release, fresh from London on August 4, 2026:

🚀 Top-Line Performance & Strong Cash Flow Boost

British energy giant BP is capitalizing on higher oil prices (Brent averaged ~$104/bbl in Q2 vs. $81 in Q1) and stronger refining margins to deliver a massive jump in operating earnings:

Adjusted Net Income (Underlying RC Profit): Soared by +$2.5 billion compared to the previous quarter to $5.73 billion (after $3.2 billion in Q1), significantly shattering the market consensus of ~$5.01 billion!

Adjusted EPS: Rise to 36.92 U.S. cents (analysts had expected only ~32.6 cents).

Operating Cash Flow (OCF): An impressive $10.86 billion flowed into the company’s coffers in the past quarter.

🔮 Segment Strength & Balance Sheet Cleanup

BP is performing well across all core segments and is using this momentum to strengthen its balance sheet:

Customers & Products (Refining & Gas Stations): The absolute profit driver of the quarter with an adjusted profit (PBIT) of $4.95 billion (consensus: $4.34 billion).

Upstream & Gas:

Oil Production & Operations delivered PBIT of $3.58 billion.

Gas & Low Carbon Energy rose to $2.12 billion.

Debt reduction is on track: Net debt fell significantly from $25.3 billion in Q1 to $22.25 billion —driven primarily by the redemption of hybrid bonds and strong free cash flow.

🤖 Shareholder Returns & Strategic Restructuring

Dividend Increased: Management is raising the quarterly dividend by +4% to 8.66 U.S. cents per common share.

Portfolio Streamlining & Focus: Under the leadership of CEO Meg O’Neill, BP is sharpening its focus on returns and debt reduction. In addition to the sale of its Austrian retail business, divestiture processes are underway for parts of the North Sea oil business and Archaea Energy.

⚡ 💡 Jack’s Take

No hiccups in the engine—BP beats expectations across the board! Thanks to rising oil prices and strong refining margins, management is putting on an operational fireworks display. With nearly $11 billion in operating cash flow, a reduced debt burden, and a raised dividend, BP is demonstrating that its focus on operational discipline and balance sheet repair was exactly the right move. An absolutely rock-solid set of results!

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So far one of the largest stocks in my portfolio - the rest of the position continues to graze as a dividend cow.

$ISP (-1,46 %)

Following the sale of some dividend stocks

$BP. (-1,71 %)

$VZ (-0,64 %)

I bought a 2nd tranche of an Italian bank stock with a dividend:

intesa sanpaolo

Here is a compact fundamental analysis of Intesa Sanpaolo

## 1st P/E ratio (trailing & forward) incl. sector comparison

| Key figure | Intesa Sanpaolo | Typical EU banking sector* |

|----------------------------|-----------------|----------------------------|

| Share price (approx.) | € 5.1 | - |

| P/E ratio trailing (TTM) | 9-11 approx. 8-10 (large euro banks, roughly) |

| P/E ratio forward (estimate) | around 7-9 (derived from high earnings growth and dividend yield) | similar, sometimes slightly higher |

| P/S ratio (price/sales, ttm) | approx. 3.3-4.1 mostly 2-3 |

| P/B ratio (price/book, mrq) | approx. 1.5 often 0.7-1.2 |

Interpretation: The **KGV** is slightly above the pure substance sector (many banks trade below book value), which reflects the high profitability and dividend policy, but is still in the "favorable to fair" range in absolute terms.

## 2. earnings per share (EPS) & trend

- Current EPS (TTM): around € 0.50-0.54 per share.

- Net profit 2024: Record net profit of € 8.7 bn, +12% compared to 2023.

- Profit growth: According to Simply Wall St, on average approx. 28% p.a. over several years, sales growth approx. 11.5% p.a.

The **EPS trend** of the last 3-5 years thus shows clearly above-average growth for a major bank, driven by the interest rate environment, fees and insurance business.

## 3. EBIT & EBIT margin (operating result)

Banks typically report operating profit as "operating income/operating margin" rather than traditional EBIT, but analogously:

- 2024: Very strong operating profitability, driven by interest business, fees and record insurance result; cost/income ratio at record low of 42.7% (one of the best ratios in Europe).

- High net margin: net margin around 36.5% according to analysis platform, ROE around 14.3%.

Conclusion: Operating **earning power** and margins are clearly above the average of major European banks, which justifies the slightly higher valuation level.

## 4. dividend, yield & payout ratio

| Key figure | Value (last) |

|-------------------------------|-------------------------|

| Dividend per share (current) | approx. € 0.34-0.37

| Dividend yield (forward) | approx. 6.4-7.7%

| Dividend payout ratio (payout) | approx. 67%

| Total payout 2024 | € 6.1 billion cash dividends

| Additional planned share buy-back of € 2 billion

The bank pursues a shareholder-friendly policy with a high **dividend yield** plus buybacks; with ~2/3 payout ratio, there is still a buffer for capital expansion and growth.

## 5. share price history & performance

| period | price info / performance* |

|--------------|--------------------------------------------------------|

| 52-W-Range | approx. 3.5-6.2 €

|

| Last price | approx. € 5.1 (March 2026, Milan Stock Exchange) |

| 1-J Performance | approx. +39% (last 12 months) |

| Volatility | Beta approx. 0.8 (below market average)

*Compared to a broad index such as the Euro Stoxx 50 or S&P 500, Intesa Sanpaolo has outperformed very strongly in the last year; exact benchmark figures fluctuate depending on the reporting date, but are well below +39%.

This means that the share has clearly outperformed in the last 1-3 years, but has already seen a double-digit decline since the high (February 2026 at approx. €6.16).

## 6. overall valuation - favorable / fair / expensive?

Points in favor of the share:

- Above-average profit and sales growth combined with very high profitability (ROE, net margin, cost/income).

- High and probably sustainable dividend yield of around 6-7% plus share buybacks.

- Valuation ratios (P/E ratio, P/B ratio) rather in the "cheap to fair" range compared to European peers, considering the high quality.

Risks/observation points:

- Significant share price increase in recent years; some of the improvement is already priced in.

- Cyclical interest rate and credit risk in the banking sector in general (interest rate turnaround, economic situation in Italy/eurozone).

Overall assessment from an investor's perspective: Based on the available key figures, Intesa Sanpaolo currently appears **rather favorably to fairly valued**, especially for income-oriented investors who value stable, high dividends and accept the banking sector risk.

Sources:

[1] Intesa Sanpaolo SpA, ISP:MIL summary - FT.com - Markets data