Fitch Ratings has affirmed BP's long-term issuer default rating at A+ with a stable outlook. The agency cited a strengthening balance sheet and disciplined capital allocation as the company balances traditional hydrocarbon cash flows with its transition growth engines. BP continues to invest in low-carbon initiatives, including bioenergy, EV charging, and renewable power. These efforts aim to diversify earnings and reduce long-term carbon intensity while maintaining the financial resilience needed to navigate volatile commodity markets.
