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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bp Plc | BP. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 11.15 | 2.67% | 429.00 | 16:35:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 419.10 | 417.30 | 429.10 | 429.00 | 417.85 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 13/3/2025 17:06 by putinaire if it is all to be seen , post UK friday close, that would take staggering bravery to hold into weekend, even for income investorsi reckon you all need to see it supported again, prior to that close - well supported. |
Posted at 11/3/2025 11:49 by putinaire So it looks like income investors are banking on wti mid 65s staying the average for the year and cap should be safe.I think that's a mistake. Despite recession recovery every day madness, mid 50s is the number for 24 forward months, from one of the best sources I ever came across |
Posted at 09/3/2025 11:55 by putinaire Investment in drilling only leads to more crude. At best, a 60s bpb range in the medium term? Be alright to secure yield for income investors, but of little use to those seeking direct capital growth on SP60s is assuming Trump does not both create enough oil and gas for 10 planets, and then mess up economies on top of it The pressure from wall street wont do much in real terms |
Posted at 05/3/2025 12:00 by putinaire i see no reason for BP not to be sub 200p in the not too distant future. It is of zero interest to capital players now.And I reckon, given cash flows elsewhere in the sector , the income investors will have twitchy butt cheeks soon too Capital players out - Income players about to Only leaves gerbils really |
Posted at 05/3/2025 10:37 by putinaire Any investors of yesterday going to keep hold ? |
Posted at 05/3/2025 10:23 by putinaire BP and Co are at best range bound for years. That's the only hope for income investors. be that easy? |
Posted at 26/2/2025 17:29 by geckotheglorious HL viewFwd P/E: 9x Prospective Div% 6% BP has refreshed its strategic goals against a backdrop of falling profits and growing shareholder pressure. We support the focus on financial discipline but a limited market response on the day suggests not all investors are convinced that these ambitious targets can be met. Over recent years BP’s not made much of a dent in its net debt pile of around $23bn, choosing to prioritise shareholder distributions and capital expenditure. That’s been supported by very strong cash flows. But dwindling profits have prompted a pullback in investment as well as reduced buybacks for the immediate future. BP is refocussing on its core competencies of oil & gas extraction. Modest plans to increase production combined with a fresh efficiency drive should help to boost performance. But it does mean the company’s future profits remain intrinsically linked to oil & gas prices, over which it has no control. As with all natural resource extraction, there’s never any guarantee that new sources of production perform as expected. The company’s efforts to make a success of investments in energy transition technologies have been met with limited success. There are some clear advantages to embracing the rise of electric vehicles, given the company’s existing network of service stations. We’re glad to see BP’s not totally abandoning its ambitions in this space, and support the more selective approach, which is likely to focus on complementary areas like hydrogen and carbon capture. In the near term, shareholder distributions may take a back seat as BP focuses on bringing down its debt levels. With a clear financial framework now in place, there is scope for distributions to pick up materially further down the line. But that’s not guaranteed and will likely depend on BP meeting its ambitions for improved cash generation, as well as targets to generate $20bn from disposals by 2027. Assets up for grabs include the troubled Gelsenkirchen refinery, the lubricant brand Castrol, and the solar business. If BP can make good on its promises, investors may be rewarded, but there remain some near-term challenges to overcome. Refining margins are expected to remain low this year and production is set to fall before it goes up. Meanwhile oil prices are lower than they were at the beginning of last year. All in, BP’s valuation has strengthened on the hopes it gets back to basics, with its earnings multiple now ahead of some more financially robust peers. We think the strategic shift has some legs but there’s significant execution risk meaning there’s plenty of scope for downside shocks if BP misses its targets. |
Posted at 22/12/2024 01:34 by martyre Is the BP share price set for a 75% jump?The highest analyst target for BP shares in 2025 is 75% above the current price. So should investors consider buying it for dividends and share buybacks?Posted by?Stephen Wright?Published 21 December, 9:00 am GMWhen investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.Read MoreYou're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.Analyst price targets for BP (LSE: |
Posted at 10/12/2024 16:34 by martyre BP p.l.c.: Release of a capital market informationSource:Â E |
Posted at 27/10/2024 11:03 by gibbs1 BP Walks Back Green Targets Amid Market RealitiesBy Irina Slav - Oct 26, 2024, 6:00 PM CDT BP has reversed its commitment to cut oil and gas production by 40% by 2030. The energy transition remains challenged by economic realities, prompting BP and other major oil companies to scale down transition plans. BP's pivot, along with similar moves from other oil majors, highlights the industry’s continued reliance on hydrocarbon. In February 2020, then-brand-new chief executive Bernard Looney told the world that one of the oldest and biggest oil companies in the world was going to become a net-zero company by 2050. To achieve this, it would slash its oil and gas production by 40% by 2030. Four years and one major crisis later, BP is abandoning not only the original production cut target of 40%, but also a revised, lower target of 25%. BP, in other words, is returning to its roots. And commodity investors who are not paying attention should be—and so are transition investors. “This will certainly be a challenge, but also a tremendous opportunity. It is clear to me, and to our stakeholders, that for BP to play our part and serve our purpose, we have to change. And we want to change – this is the right thing for the world and for BP,” Bernard Looney said back in 2020 when he announced the company’s new course. There was much enthusiasm in the climate activist world when that statement was made. Activists were not satisfied but did concede that it was a step in the right direction. Investors took the news differently—BP Then came the pandemic, decimating demand for energy and leading to a price slump that BP at the time seemed to believe the industry wasn’t going to recover from, because, it said in one of its latest world energy outlook editions, global oil demand had peaked back in 2019 and it was never going to go back to those levels. BP still believed it was on the right track with its net-zero plans and a 40% cut in oil and gas production by 2030. And then it was 2022. Oil demand had been on the rebound ever since the lockdowns began to be phased out. When China joined the party of ending lockdowns, the demand rebound really took off. The war in Ukraine took that momentum and added to it supply security fears for a price rally that had not been seen in years. The rally resulted in energy companies becoming the best performers in the stock market, overtaking Big Tech, and in record profits, which in turn led to fatter dividend payouts and massive stock repurchases. It also led to a reconsideration of some of Big Oil’s transition plans. In BP’s case, the latest stark reminder that the world still runs on hydrocarbons prompted the company’s senior leadership to abandon plans to cut its oil and gas production by even 25% by 2030. All these developments also made investors think again—about energy transitions and the security of energy supply. It made investors think so much that pro-transition outlets are sounding an alarm about oil companies being unserious about the transition and, worse, unclear about the direction of their business, which should make investors cautious. “A decarbonizing economy threatens the fossil fuel industry’s core business model, and the sector does not seem to be offering a cohesive and consistent plan for navigating this changing world,” the Institute for Energy Economics and Financial Analysis said in a recent report. The report zeroed in on the latest BP news about the U-turn on oil and gas production cuts, suggesting that BP basically had no idea what it wanted to do with its future, and this should make investors nervous about the whole oil and gas industry. That criticism certainly has a lot of merit in the context of a business world that is firmly on the way to a cleaner, greener energy future because the economics of such a future make sense. The actual business world in which BP and all other companies are operating, however, is different from that vision. In it, the economics of the energy transition, as envisioned by its advocates and proponents, do not always make sense—which is why BP and other companies are abandoning their initial ambitious targets made, one might say, in the heat of the moment, following years of activist pressure that was warmly embraced by politicians in decision-making positions. However, once these companies realized their transition efforts were not paying off, they pivoted. One might call it a lack of a “cohesive and consistent plan.” On the other hand, one might call it flexibility in the face of a reality that has proven different than hoped for. In addition to the news about BP abandoning its production cut target for 2030, the company was also reported to be considering reducing its exposure to offshore wind at a time when fellow supermajor Shell was also dialing back its transition ambitions and another fellow supermajor, TotalEnergies, just announced a $10.5-billion oil and gas development in Suriname. The energy industry then appears to have a pretty clear view of the future. Hydrocarbons remain the energy source most widely used on the planet. Their alternatives do not seem to be living up to the hype. Therefore, Big Oil is shrinking its transition ambitions in favor of the business that has been proven to be profitable—for the companies and their investors. Sometimes, it really is as simple as that.' By Irina Slav for Oilprice.com |
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