Is BP Stock a Buy?
Lately, oil prices can't seem to decide whether they want to be above $40 per barrel or below it. And that uncertainty is bad news for oil companies.
But oil major BP (NYSE: BP) has made up its mind about one thing: It wants to get out of the oil business (or reduce its exposure to the oil industry, at least), and transition to renewables. With renewable energy stocks showing strength recently, and BP's big-oil peers like ExxonMobil (NYSE: XOM) running into trouble, it's worth wondering if an investment in BP is a good idea right now. Let's take a closer look.
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Source Fool.com
