RE: Trump is certain to lose4 Nov 2024 19:29
As Donald Trump marches towards the Republican nomination for President, it’s worth taking a moment to think about which companies would be most affected by four, or even eight, years of a Trump presidency.
One of the most obvious companies to benefit would be oil supermajor BP (LSE: BP). In 2015 BP brought in $74bn of its $222bn in revenue from the US, refined over 700,000 barrels of oil a day at its three refineries and operated 7,000 retail outlets in the country. Trump’s proposal to cut the headline corporate tax rate from 39% to 15% would be a huge boon for BP. Likewise, any increased tensions in the Middle East resulting from Trump’s often bellicose foreign policy positions would likely drive up crude prices to BP’s benefit. Even without Trump in the White House, BP is in good shape as downstream assets bring in record profits, operating costs come down and expenses related to the Gulf of Mexico spill slowly tail off
This was motley fool pick from 2016 went Trump got in.