WEBULL

BP (LSE:BP.) To Sell Austria Business As Indonesia CCUS Project Hits Milestone

Simply Wall St · 2d ago
  • BP agreed to sell its Austrian convenience, mobility, and EV charging business to Volenergy, as part of efforts to simplify and refocus its downstream operations.
  • The company reported a project milestone in Indonesia, with the first jacket arriving at the installation site for the Tangguh Ubadari CCUS development.

BP, ticker LSE:BP., is pairing portfolio pruning in Austria with progress on its Indonesian carbon capture, utilisation and storage project, giving investors new information on how the company is allocating capital between traditional fuels and lower carbon activities. The stock trades around £5.559 and has returned 26.9% year to date and 47.4% over the past year, with a 141.1% return over five years.

For readers, the sale to Volenergy and the Tangguh Ubadari project update highlight how BP is redirecting attention toward markets and technologies it views as more attractive. How effectively BP executes on both the divestment and the CCUS build out will be key for assessing future risk, cash flow mix, and the balance between its conventional and lower carbon businesses.

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LSE:BP. Earnings & Revenue Growth as at Jul 2026
LSE:BP. Earnings & Revenue Growth as at Jul 2026

📰 Beyond the headline: 3 risks and 3 things going right for BP that every investor should see.

Quick Assessment

  • ✅ Price vs Analyst Target: BP trades at £5.559, around 6.5% below the £5.94 analyst price target.
  • ✅ Simply Wall St Valuation: Shares are flagged as undervalued, trading 58.9% below the estimated fair value.
  • ✅ Recent Momentum: The stock is up 11.5% over the past 30 days.

There's only one way to know the right time to buy, sell or hold BP. Head to Simply Wall St's company report for the latest analysis of BP's Fair Value.

Key Considerations

  • 📊 The Austrian sale and Indonesia CCUS milestone show BP reallocating capital between conventional fuels and lower carbon projects. This affects how you think about its future cash flow mix.
  • 📊 Watch execution on the Volenergy divestment and progress milestones at Tangguh Ubadari. Also monitor whether the current P/E of 35.6 converges toward the industry average of 15.5.
  • ⚠️ Recent significant insider selling and a 4.5% dividend that is not well covered by earnings stand out as key risks when weighing this news.

Dig Deeper

For the full picture including more risks and rewards, check out the complete BP analysis. Alternatively, you can check out the community page for BP to see how other investors believe this latest news will impact the company's narrative.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.