Evercore ISI added BP PLC to its Tactical Outperform list on September 16, 2026. The firm maintained a $52.00 price target for the energy giant.

Analysts project BP will generate approximately $15 billion in free cash flow during the second half of 2026. This growth is supported by robust commodity prices and strong refining margins.

The firm expects this cash influx to reduce BPā€™s net debt to roughly $3 billion by year-end. New leadership is currently reviewing assets to prioritize sustainable shareholder returns.

BP shares rose 2.78% in London trading following the upgrade and broader market gains.