BP share price

The BP share price has been hit in recent days by its Russia links, which has for now ended a good run for the shares. Could it be a good long-term pick?

It will be interesting to see if the change goes well and how much capital it takes to go green. I feel higher oil prices should continue to offset the loss of value of the Russian Rosneft stake. The yield is now around 4.4% so there’s also the potential for income with this share. So in the short term the share price still has plenty of potential to fall further, and it’s a punt to buy the shares now before more information becomes clear on the sale. This includes FTSE 100 oil major BP (LSE: BP). The BP share price is down 8% in just the last five days and it could fall further. It’s not as yet clear how it will exit its near-20% holding in Russian state-owned oil giant Rosneft at an expected cost of around $25bn in response to Russia’s invasion of Ukraine.