Is BP Stock a Buy?
Royal Dutch Shell's historic 66% dividend cut has paved the way for its British rival, BP (NYSE: BP), to secure the crown as the oil major with the highest dividend yield.
BP management recently reaffirmed their decision to keep the quarterly dividend unchanged as of Q1 2020, meaning BP's dividend yield stands at a whopping 11.3% as of this writing. Let's analyze BP's financials and weigh its strengths and weaknesses to determine the reliability of the company's dividend, the long-term potential of its stock, and whether the stock is a buy.
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Source Fool.com
