Bp Share Discussion Threads

[mbthedude] 08/5/2014 09:58

Held up very well considering the ex div of the 7th equiv to 508p at the moment

[hellscream] 06/5/2014 16:26

look at that for manipulation.. keep it as close to £5 for 6-7p down tommarrow >.>

[skinny] 06/5/2014 11:41

Norwegian oil major Statoil ASA (STO) said Tuesday that on 1 May 2014 it completed the farm down of 10% of its interest of 25.5% in the Shah Deniz Production Sharing Agreement and the South Caucasus Pipeline Company Limited to BP (3.33%) and SOCAR (6.67%).


MAIN FACTS:
-The consideration for the sale and transfer of these assets is $1.45 billion.

-Statoil also holds 20% share in Trans Adriatic Pipeline (TAP) AG which is developing the pipeline for transport of the Shah Deniz gas to European markets.

-Licensees in Shah Deniz: BP 28.8%, SOCAR 16.7%, Statoil 15.5%, Lukoil 10%, NICO 10%, Total 10% and TPAO 9%.

[philipmidgley] 05/5/2014 19:57

USA held up well today, no Russia impact, should be ok for a small rise before dividend.

[buywell2] 01/5/2014 12:35

Russia will hurt BP as economic sanctions escalate

back to 465p

[neilyb675] 01/5/2014 12:23

ex div next week (7th)

[hellscream] 01/5/2014 03:25

can anyone tell me whats so special about this £5?

[selborne_edge] 29/4/2014 17:47

It will be interesting to see how much the share price falls, once the XD date is past.

[penycae] 29/4/2014 15:12

Take it when it's there.

[philipmidgley] 29/4/2014 14:53

It will take out £5.00 today and head by Friday to £5.15 before div next week. If only it would happen but Putin might not agree with my prediction.

[neilyb675] 29/4/2014 14:49

gonna break £5 this week or fall back to £4.70 again >>>?

[flyingbull] 29/4/2014 13:21

The monthly oil stock ">20%" challenge is now on. Deadline for entries is midnight this Wednesday 30 April 2014! Good luck!!! fb

[redartbmud] 29/4/2014 08:54

Pundit on CNBC says that there are better alternatives than BP if you want oil & gas stocks!

[miata] 29/4/2014 08:13

Yes, nice dollar dividend boost. (Pay 20th June, sterling amount announced on 9th June, XD 7th May).

[skinny] 29/4/2014 07:45

BP today announced its financial results for the first quarter of 2014. Underlying replacement cost profit1 for the quarter was $3.2 billion, compared with $2.8 billion for the previous quarter and $4.2 billion for the first quarter of 2013. Operating cash flow in the quarter was $8.2 billion.

The company also announced a quarterly dividend of 9.75 cents per ordinary share to be paid in June, 8.3% higher than a year earlier. As previously advised, the Board will continue to review the level of the dividend with the first and third quarter results each year.

BP Group Chief Executive Bob Dudley commented: "This is a very solid start to 2014. Operating cash flow was strong in the first quarter, we have seen further exploration success and upstream project start-ups, and the upgraded Whiting refinery is ramping up steadily. We remain confident of delivering our 10-point plan targets that we set in 2011 for delivery in 2014."

BP is now nearing completion of its current $8 billon share buyback programme, with $7.6 billion spent repurchasing shares for cancellation. So far BP has agreed divestments totalling over $3.0 billion - including the agreement last week to divest a number of assets in Alaska -- towards its expectation of agreeing $10 billion in additional divestments by the end of 2015. BP expects to use the post-tax proceeds from these divestments primarily for distributions to shareholders, biased towards share buybacks.

Dudley commented: "We expect material growth in operating cash flow, coupled with disciplined investment, to deliver sustainable growth in free cash flow. This will support increasing distributions to our shareholders. As well as progressive growth in the dividend per share, we expect to use surplus cash to support further distributions through share buy-backs or other mechanisms."

BP's Upstream segment reported $4.4 billion underlying pre-tax replacement cost profit for the first quarter, compared with $3.8 billion for the previous quarter and $5.7 billion for the first quarter of 2013. Compared to a year ago, the result was affected by the impact of divestments and higher non-cash costs.

Following on from the decision to create a separate BP business around its US lower 48 onshore oil and gas activities, and as a consequence of appraisal results, BP has decided not to proceed with development plans in the Utica shale. The Upstream result includes a write-off relating to the Utica acreage.

The Downstream segment reported $1.0 billion underlying pre-tax replacement cost profit for the first quarter, compared with $70 million for the fourth quarter of 2013 and $1.6 billion for the first quarter last year. Compared with a year ago, the result was primarily impacted by a weaker refining environment. Both Upstream and Downstream results included a strong contribution from trading activities.

BP also reported an estimated underlying pre-tax replacement cost profit for Rosneft2 of $271 million for the quarter. This result was adversely affected by depreciation of the rouble against the US dollar.

Total group reported production of oil and gas for the quarter, including Russia, was 3.13 million barrels of oil equivalent a day (boe/d). BP's share of Rosneft oil and gas production for the quarter2 was one million boe/d.

Excluding Russia, underlying production3 was slightly lower than a year earlier as higher output from new projects in the North Sea, Angola and Gulf of Mexico was offset by turnaround activity in Angola and lower production elsewhere. Reported production, excluding Russia, was 8.5% lower reflecting both the expiry in January of the onshore concession in Abu Dhabi and the impact of divestments.

Reported production, excluding Russia, is expected to be lower in the second quarter due to planned seasonal turnaround activity.

more...

[hvs] 28/4/2014 14:04

No regard for SHAREHOLDERS.

Top up PENSION and give me MY BONUS.

[uncle_sam] 28/4/2014 13:48

Ah, poor Selborne Edge ... here's a little something you'll feel right at home with :-)

[bracke] 28/4/2014 11:26

Good day Penycae

The market wants an end to the Ukraine Affair and would likely soar if that is achieved. Unfortuntely Vlad is unlikely to step back and Obama has to play the strong man.

Depends on the West sanctions on Russia and Vlad's retaliation.

BP is piggy in the midddle.

So as you post, shorts at the ready.

[penycae] 28/4/2014 10:22

Morning all. Family jools handed back to safer hands, so back to the markets to try to cover the rent.
The monkey has been playing equities as a safe bet, and done quite nicely out of some low risk trades. Market looks a bit toppy. Only the pharmas holding the rise. Starting to build few positions on the dark side. Also looking at cable for a larjwun when it starts to slide.
If they want to drop the FTSE they'll start here. No position open on BP, but short Shire,Weir and Intercontinental Hotels. Long RR and HL.