BP is considered one of the best ethanol stocks to buy, focusing on renewable energy sources.

From Yahoo Finance: 2025-04-07 08:24:00

The global fuel ethanol market is projected to reach $174.98 billion by 2034, with the North American market estimated at $60.53 billion in 2024. The US remains the top producer and exporter, with record-breaking ethanol exports in 2024. The export market is expected to drive US ethanol demand in 2025.

BP p.l.c. (NYSE:BP) stands out as one of the best ethanol stocks to buy according to hedge funds. The company is making strides toward a low-carbon future by focusing on renewable energy sources like ethanol and biogas. BP announced $7 billion in share buybacks and raised its dividend, showing strong capital returns.

BP ranks 2nd on the list of best ethanol stocks. Despite the potential of ethanol companies, AI stocks are believed to offer higher returns in a shorter timeframe. An AI stock has shown promising gains in 2025, outperforming popular AI stocks. For more information on the cheapest AI stock, check out Insider Monkey’s report.

In Q4 2024, BP achieved significant strategic advancements, reducing costs by $750 million and making ten new final investment decisions. The company’s commitment to carbon neutrality by 2050 is a positive move towards sustainability. BP’s reliability exceeded 95%, with a 2% increase in upstream output to 2.36 million barrels per day.



Read more at Yahoo Finance: Is BP p.l.c. (BP) the Best Ethanol Stock to Buy According to Hedge Funds?