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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
|
|
|---|---|---|---|---|
| 6.95 | 1.70% | 414.90 | 15:17:35 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 409.50 | 406.80 | 415.70 | 407.95 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
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 18:56 by marktime1231 So things now make more sense. Why would BP share price strengthen following an announcement about a globally significant wind farm investment JV? Because in reality it means BP has stepped back from prior plans to invest in a whole raft of wind farm projects around the world with various partners. Confirming a cut in suspended renewables investment to further concentrate on oil and gas, pandering to US market investors and continuing the reversal of BPs transforming to a greener future. |
Posted at 10/12/2024 16:34 by martyre BP p.l.c.: Release of a capital market informationSource: E |
Posted at 12/11/2024 10:13 by putinaire probably BP investors |
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 |
Posted at 04/10/2024 16:01 by putinaire In essence, no traders, no investor profitsAlways appreciate those rhat determine your profit and loss investors |
Posted at 04/10/2024 15:56 by putinaire I could never understand how so many failed to use tax free spreads anywayJust dont use margin Let's say going to buy 10K bp. So each point move equals x in value. Just bang the money in to a spread and let the value of the point move on a spread holding, equates to same as standard holding Literally same monetqry risk and can just buy a quarterly or yearly spread so the costs are nought. A no brainer when ISAs are maxed out etc. So, not sure why investors relate spreads to traders only. Some of the smartest investors I know, use them as a key tool. Even more so than CFDs I'm a bit concerned to see this isn't standard on an investor forum really |
Posted at 01/10/2024 20:28 by putinaire Dangerous game, thinking this can be held to return back to initial capital one day. There may not be the profits to justify yield at all by 200s re Chinese alternative developments etcPutinaire1 Oct '24 - 21:19 - 11867 of 11880 Edit 0 0 0 Traders and income investors only Albeit at 500s, it became a trade for most income investors Only so far can you push a 200s flatliner for income plus cap return |
Posted at 01/10/2024 20:19 by putinaire Traders and income investors onlyAlbeit at 500s, it became a trade for most income investors Only so far can you push a 200s flatliner for income plus cap return |
Posted at 05/9/2024 17:19 by davius From II:BP share price drop attracts bargain hunters The price of oil has tumbled over the summer, dragging oil company stocks with it. Here’s what the experts think about the situation and potential for recovery. 5th September 2024 16:00 by Graeme Evans from interactive investor The cheapest BP shares in two years today led to more strong buying interest among retail investors, despite this week’s fall in the Brent crude price to a 2024 low. BP this morning ranked second on interactive investor’s list of most-traded stocks, with 89% of dealings by ii customers buy orders for the heavyweight FTSE 100 company. Their belief that BP trades in bargain territory follows the 23% reverse for shares since April, a run that has left the stock 19% cheaper than this time last year at near to 415p. Over the same one-year period, rival Shell shares are up almost 5% while the wider benchmark that tracks the global oil industry has fallen by just under 13%. BP’s weakness comes despite increased shareholder returns, with a lower share count helping to drive a 10% rise in the 20 September dividend to eight US cents a share. Having seen quarterly operating cash flows reduce net debt to $22.6 billion, BP has extended its share buyback commitment with another $3.5 billion due in the second half of 2024. Finance director Kate Thomson said the move reflected confidence in BP’s performance and outlook for cash generation. She added: “We are maintaining a disciplined financial frame and remain committed to growing value and returns for BP.” The share price pressure reflects City disappointment over April’s below-par first-quarter results and then July’s warning of headwinds that included weak gas price realisations, significantly lower realised refining margins and refinery impairments. Morgan Stanley returned its recommendation to Equal Weight and cut its price target by 17% to 540p, warning that several quarters of weak earnings had put 2025 guidance at risk. Bank of America said in July that it favoured TotalEnergies and Shell at a time when rangebound oil and gas prices, little organic volume growth and weaker refining margins put the industry’s aggregate cash flows under pressure. It warned BP’s buyback commitments looked unsustainable assuming $80 a barrel next year. The Brent crude price yesterday fell for the fourth day in a row to $72.70 a barrel, a reverse driven by a potential deal in Libya that would allow the country to bring back disrupted supply. This followed speculation that OPEC+ may stick to its plan to increase monthly production by a modest amount of 180,000 barrels per day starting in October. UBS Global Wealth Management said yesterday: “The market reaction to these supply stories shows how weak sentiment in the oil market is currently. “Yet supply from the eight OPEC+ countries that have agreed to voluntary cuts has not changed — the earliest increase will come in October — and Libyan production remains low. So in our view, the oil market is still just as tight as it was a week ago.” The bank described overall demand growth as healthy, with weakness in China following a robust 2023 offset by strength in India as well as in European countries like Italy and Spain. UBS believes a return above $80 a barrel is probable: “While prices are likely to stay volatile in the near term, we retain a positive outlook and expect prices to recover from current levels over the coming months.” |
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