Shell and BP are considered top undervalued UK stocks with potential for economic growth and low volatility, as they invest in low-carbon solutions.

Shell Plc (SHEL) and BP Plc (BP) are considered among the best undervalued UK stocks to buy now, with the UK economy projected to achieve GDP growth of 0.5% in 2024 and 0.9% in 2025, according to KPMG. UK stocks offer higher dividend yields and less volatility compared to European equities, making them an attractive option for investors. Both companies are investing in low-carbon energy solutions and transitioning away from fossil fuels, appealing to investors seeking undervalued UK stocks. Goldman Sachs anticipates the FTSE 100 Index to rise to 7,900 by the end of 2024.

August 10, 2024
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