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The Zacks Analyst Blog Highlights BP, Shell and Equinor

Zacks Equity Research
·3-min read

For Immediate Release

Chicago, IL – March 31, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BP plc BP, Shell plc SHEL and Equinor ASA EQNR.

Here are highlights from Thursday’s Analyst Blog:

These 3 Integrated Majors Are Leading the Energy Transition Race

Economies across the world are gradually transitioning to cleaner energy sources. There has been a steady increase in pressure on energy companies to act on climate change on multiple fronts. Most analysts believe that although renewable energy will meet future energy needs, this will not completely wipe out oil and natural gas demand. Demand for fossil fuels will also grow but at a slower pace.

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The U.S. Energy Information Administration (“EIA”), in its Annual Energy Outlook 2023, revealed that renewables will be meeting future power demand at a bigger scale. By 2050, the United States will witness the majority of its electricity generation from solar and wind, announced EIA and added that through 2050, the nation will remain a net exporter of petroleum products and natural gas.

Thus, there are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP plc, Shell plc and Equinor ASA, each carrying a Zacks Rank #3 (Hold). Thus, investors should keep an eye on these three energy firms as they are well-poised to gain in the long run.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

BP, a British energy giant, plans to become a net-zero emissions player by 2050 or earlier. The integrated company intends to invest and create its renewable energy generation capacity of 20 gigawatts by 2025. The company has strong upstream and downstream activities.

Shell also has the same ambitious target of becoming a net-zero emissions energy player by 2050 or earlier. By 2030, the integrated energy company plans to lower absolute emissions by 50%.

Equinor is aiding the United States in accelerating its transition to net zero. EQNR also has an ambitious plan to achieve its net zero company target by 2050.

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Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

BP p.l.c. (BP) : Free Stock Analysis Report

Equinor ASA (EQNR) : Free Stock Analysis Report

Shell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research