"There are many other questions we could ask about Rosneft (LSE:ROSN) (Russia) and the downstream challenges, for example, but we see these as relatively minor issues for the investment case," said the bank, which notes also that BP was the only European company in the last 12 months to deliver reduced opex upstream Overall, Barclays says BP's free cash flow (even at US$60 per barrel) supports a share price of 1,000p or 94% higher than now. "(BP can) grow dividends by 10% a year to 2025 with the high net debt starting point meaning excess free cash flow will be prioritised for debt reduction. "The company is a leader on sustainability metrics, has one of the most profitable mobility businesses and is high grading the upstream, while on valuation it has one of highest FCF (free cash flow) yields of the sector."