Bp Share Discussion Threads

[optomistic] 01/2/2018 14:38

OK Skinny....off out for some 'refreshment' :-))

[skinny] 01/2/2018 14:35

I only hold BP having exited Shell sometime ago and may well add on a 490 revisit.

[skinny] 01/2/2018 14:33

I focused on this section.

"Fourth-quarter cash flow weaker than expected

"Cash flow was strong for the year, demonstrating Shell’s better capital discipline. But Q4 bucked the trend, with a weaker than expected cash inflow, reflecting swings in the trading businesses’ derivative positions and higher tax charges," said said Steve Clayton, fund manager of the HL select UK income shares fund, which holds Royal Dutch Shell.

"The real challenge now for Shell is to raise the group’s return on capital. At 5.8 per cent in the final quarter, this is respectable, but uninspiring. The group needs to keep operating expenses under tight control and so far, the evidence here is encouraging, with underlying operational expenses down almost a billion dollars during 2017.

"The group is generating free cash flow sufficient to support the dividend, but dividend growth remains some way off still. But with a yield of over five per cent, investors are still receiving attractive returns from Shell.”

[optomistic] 01/2/2018 14:31

"The company's profit in the year hit $16bn, the highest since the start of the oil price downturn in 2014, and now it looks poised to topple Exxon Mobil's crown as the sector's biggest cash generator."

Looks to have been room for a divi increase Skinny. £70 oil is going to more than cover a better return to the shareholders, btw I am not a Shell holder, my interest is in BP and looking for improved payouts there.

[optomistic] 01/2/2018 14:06

£12 billion profit....not too weak I would think skinny. More like the tight fisted approach to the divi.

[skinny] 01/2/2018 14:01

I thought Shell fell due to weaker cash generation.

[steve73] 01/2/2018 13:56

So Shell got marked down for not increasing it's divi today.

Chevron announced that they're increasing theirs from $1.08 to $1.12 (1.11 was expected) and they increased a little yesterday, although today may give a better indication.




What will BP do..? Keep the same aka Shell or increase aka Chevron?

[bricktycoon] 01/2/2018 01:47

Amazon set to soar on blockbuster results but buy buy

[cdub1] 31/1/2018 17:33

yeah unfortunately it's probably heading to 450, unless we get some very good news next week.

I am truly amazed that the yanks are still gushing out oil considering the EROEI of their wells and the supposedly steep decline rates, would have thought that after all these years we'd start to see a slowdown in output.

Looks like the world is still swimming in oil, probably just as well as modern civilization is screwed without it!

[hellscream] 31/1/2018 16:43

wonder if we're meet our old friend 4.50, even with oil in the $70 dollar range..

[ariane] 31/1/2018 12:56

BP with M&S and Costa drive-thru gets go-ahead
John Wood · 24 January, 2018
BP and M&S signs together on forecourt
0

Plans to build a petrol filling station, convenience store and drive-thru restaurant at a major warehouse and logistics development in Manchester have been granted planning consent.

Construction of the proposed development by Icon Industrial at its flagship scheme – Icon Manchester Airport – could begin this month.

The BP filling station, M&S Simply Food convenience store and drive-through Costa Coffee will provide an ancillary facility for existing and future occupiers of the £100m employment park.

Icon Manchester Airport has outline planning consent for about 1m sq ft of logistics/warehouse space on the 45-acre, fully serviced site.

Icon Industrial is a joint venture formed by Stoford Developments and TPG Real Estate.

Angus Huntley, development manager at Stoford Developments, said: “We are very pleased to have achieved planning consent for the petrol filling station and associated facilities from Manchester City Council.

“This development will provide important onsite amenities at Icon Manchester Airport, which is a landmark development for the North West and also for Icon Industrial. It presents potential occupiers with an excellent opportunity to have a unit built to their specific requirements in a first-class location at the very heart of the Northern Powerhouse. Having this amenity on site can only make the development even more attractive to occupiers.”

He added: “The connectivity it offers future occupiers makes it a hugely significant site in what is already a rapidly expanding logistics area at Icon Manchester Airport.”

Last year, a Texaco-branded site operated by Manor Service Stations at Manchester Airport Terminal 1 closed, and one at Terminal 2 is earmarked for closure to make way for a hotel. The lease on the Terminal 2 site expired in December but it will continue to operate on a rolling monthly contract until the hotel scheme receives planning permission.

[optomistic] 31/1/2018 10:34

LONDON (AP) - BP says it has made two new oil discoveries in the North Sea, adding to hopes for a revival in the declining basin that has fueled Britain's oil and gas industry since the 1970s.

The company said Wednesday that it found oil at the Capercaillie well east of Aberdeen and Achmelvich west of the Shetland Islands. BP is the sole owner of Capercaillie and owns 52.6 percent of Achmelvich, with Shell and Chevron holding smaller stakes.

BP didn't estimate how much oil the wells contain, saying the finds are still being evaluated.

Mark Thomas, BP's regional president, says the company aims for "a refreshed and revitalized business" in the North Sea "that we expect to double production to 200,000 barrels a day by 2020 and keep producing beyond 2050."

[sarkasm] 31/1/2018 10:18

BP makes two new North Sea discoveries

Published by Nicholas Woodroof, Digital Assistant Editor
Oilfield Technology, Wednesday, 31 January 2018 10:00

BP has announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland. BP fully owns Capercaillie, while the Achmelvich well partnership comprises BP (operator, 52.6%), Shell (28%) and Chevron (19.4%).

Both wells were drilled by the Paul B Loyd Junior rig in Summer 2017.

The Capercaillie well was drilled to a total depth of 3750 metres and encountered light oil and gas-condensate in Paleocene and Cretaceous-age reservoirs. The well data is currently under evaluation. Options are expected to be considered for a possible tie-back development to existing infrastructure.

The Achmelvich well was drilled to a total depth of 2395 metres and encountered oil in Mesozoic-age reservoirs. Evaluation and interpretation of the well results is ongoing to assess future options.

Mark Thomas, BP North Sea Regional President, said: “These are exciting times for BP in the North Sea as we lay the foundations of a refreshed and revitalised business that we expect to double production to 200 000 bpd by 2020 and keep producing beyond 2050. We are hopeful that Capercaillie and Achmelvich may lead to further additions to our North Sea business, sitting alongside major developments like Quad 204, which came onstream in 2017, Clair Ridge, due to come into production this year, and the non-operated Culzean field, expected to start-up in 2019.”

[sarkasm] 31/1/2018 09:05

BP to double North Sea production by 2020 after new oil and gas finds
Gregor Young Journalist
BP made new finds in the central North Sea and west of Shetland

BP made new finds in the central North Sea and west of Shetland
1 comment

ENERGY giant BP has said it expects to double production in the North Sea by 2020, as it announced two new oil and gas discoveries in the area.

The finds were made in the central North Sea and west of Shetland after wells were drilled last year.

Tests have been carried out to discover volumes of gas and oil present, and the data is "under evaluation".

The company said "evaluation and interpretation" of the well results is ongoing to "assess future options".

Options are expected to be considered for a possible tie-back development to existing infrastructure.

BP North Sea regional president Mark Thomas said: "These are exciting times for BP in the North Sea as we lay the foundations of a refreshed and revitalised business that we expect to double production to 200,000 barrels a day by 2020 and keep producing beyond 2050.

"We are hopeful that Capercaillie and Achmelvich may lead to further additions to our North Sea business."

[hellscream] 30/1/2018 16:49

wow what an stockmarket boom were in 600 pts up in 2 decades :)

[the grumpy old men] 30/1/2018 10:07

BP PLC (BP.LN) said Tuesday that it has invested $5 million in mobile electric vehicle charging company FreeWire Technologies Inc., and plans to trial the company's technology at selected retail sites throughout the U.K. and Europe this year.

The oil major has made the investment via BP Ventures which identifies and invests in private, high-growth technology companies.

Since 2006, BP Ventures has invested over $400 million in corporate venturing and has 42 active investments in its current portfolio.

"Mobility is changing and BP is committed to remaining the fuel retailer of choice into the future. EV charging will undoubtedly become an important part of our business, but customer demand and the technologies available are still evolving," said BP Downstream Chief Executive Tufan Erginbilgic.



Write to Ian Walker at [e-mail]; @IanWalk40289749



(END) Dow Jones Newswires

January 30, 2018 04:44 ET (09:44 GMT)

[waldron] 28/1/2018 12:18

cheers ian

i still believe there will be an impact on other shares in the world market due
to the liquidity factor and whether if successful entice greedy others to float

its not just about aramco



enjoy your day and coming week

[hellscream] 27/1/2018 04:59

nice week, oil and gas going up, yet shares are down, are you allowed to make money in this country? and its nothing to do with currency this was £7 when the $ was 2 for 1 in 2008.

[optomistic] 25/1/2018 11:13

There appears to be a well matched battle between the bulls and the bears this week, but with oil near $70 the bets must start to favour the bulls soon.
Looking then to close that gap at 525 upwards.

[waldron] 24/1/2018 17:42

enami thanks for your thoughtful response

i was thinking about the liquidity issue and possible lack of impacting on other
share prices in the sectors and indexes

cheers