BP) share price

With its half-year results today, this Fool explains why August may signal the time for him to add BP shares to his portfolio.

In the long run, oil and gas companies will likely continue to reap the reward of elevated oil prices. I think this is a highly unappealing feature as dividend growth appears to be off the table. Furthermore, I don’t believe the company offers me a reliable income. In short, the company is clearly not shy in giving money to its shareholders. Could the business be more profitable in the future if it was reinvesting the surplus cash back into the business? And BP (LSE:BP) shares seem like it could offer me good equity exposure to commodities (energy in this case) right now.