LIVE MARKETS-European oils: Goldman tips traders and gas as earnings loom
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EUROPEAN OILS: GOLDMAN TIPS TRADERS AND GAS AS EARNINGS LOOM
Goldman Sachs has turned more upbeat on European oil and gas stocks, lifting its early view on first-quarter 2026 earnings as commodity prices rise.
Analyst Michele Della Vigna’s updated forecasts put him about 14% above consensus for Q1.
The bank sees the focus shifting towards trading profits, gas price upside and the ability to capture volatility.
BP BP.L stands out among Buy-rated names.
Goldman says the stock has risen broadly in line with peers since the crisis, but offers upside potential thanks to limited exposure to stranded oil hubs, higher spot LNG exposure and a trading business that can benefit from volatile markets.
It also highlights Norway’s Var Energi VAR.OL as a play on higher European gas prices, given its large share of EU gas production.
For more on which energy stocks stand to benefit from current wartime markets, see the Reuters Graphic: Western gas exporters reap war windfall as Qatar flows dry up
(Danilo Masoni)
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