Energy stocks have faced significant challenges over the past three years, with crude oil and natural gas prices declining since mid-2022, impacting profitability. The U.S. Energy Information Administration forecasts crude oil prices to average around $55 per barrel in the upcoming years, posing further risks to the sector. However, for income-focused investors, BP (NYSE: BP) presents an attractive opportunity, with its recent 15% price drop boosting its dividend yield to 5.6%. This could make BP a solid long-term investment choice.
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