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Share Name Share Symbol Market Type Share ISIN Share Description
Bp Plc LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  18.20 6.48% 299.25 298.75 299.00 304.30 287.00 287.00 92,020,721 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 213,102.1 6,148.4 15.0 19.7 61,024

Bp Share Discussion Threads

Showing 96676 to 96699 of 96700 messages
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DateSubjectAuthorDiscuss
04/8/2020
20:21
this virus was always a trigger to reset pensions.
hellscream
04/8/2020
20:19
only need house prices to reset and reflect the new normal too.
hellscream
04/8/2020
19:21
Superpior shares your saying you actually have a short position on BP, on the L.S.E chat site it reports there are no short positions on BP. So what is your target price.
unluckyinvester
04/8/2020
18:42
Babbler. I'm a shorter. My position is still sweet :-).. someone on here asked me what I thought would happen in the results. My reply. it's either a big drop. Or if the dividend is cut, mildly positive for the share price , but it will be temporary. I will stick at that opinion. Babbler don't laugh at us who are short. Just get your money in. Look it is nearly 3 quid. Pile in you will make s fortune :-)
superiorshares
04/8/2020
17:58
BP halves dividend after sliding to $6.7bn second-quarter loss Oil & Gas By Andrew Fawthrop 04 Aug 2020 Along with the dividend cut, BP boss Bernard Looney announced further details about the oil major's strategy to reach net-zero emissions by 2050 Bernard Looney BP CEO BP chief executive Bernard Looney said the second quarter of 2020 had been one of the toughest in the company's 110-year history (Credit: BP) BP has halved its dividend to 5.25 cents per share after reporting a $6.7bn loss for a second quarter in which the coronavirus pandemic battered global energy markets. The loss, measured on an underlying replacement cost basis, was driven by a $6.5bn write-off of upstream exploration assets following a revision to its long-term price assumptions, and compares to a profit of $2.8bn in the same period of 2019. The UK oil major also revealed more details about its net-zero agenda, and mission to become an “integrated energy company” by 2050, which was first announced in February this year. By 2030, it aims to increase low-carbon investments ten-fold to $5bn and develop 50 gigawatts (GW) of renewable capacity, while reducing oil and gas production by 40% – roughly one million barrels of oil equivalent (mboe) per day – to around 1.5 mboe per day. BP chief executive Bernard Looney said: “We’ve seen some tough quarters throughout our 110-year history, and this last one has to be among the toughest. “In the years ahead, we are going to significantly scale-up our low-carbon energy business and transform our mobility and convenience offers. We will focus, and reduce, our oil, gas and refining portfolio.” BP is the latest oil major to reveal the financial impact of the collapse in oil prices since the start of the year, as coronavirus lockdowns dealt a huge blow to energy and fuel demand. Last week, US rivals Chevron, Exxon and ConocoPhillips all reported big losses, while in Europe Shell and Total took combined impairment charges of $25bn as they revised their price outlooks to reflect the low-price environment and continued uncertainty around Covid-19. BP’s share price had climbed more than 7% by mid-morning UK time. BP dividend cut part of wider cost-cutting strategy BP’s reported loss for the second quarter was $16.8bn, which is its biggest since the Deepwater Horizon oil spill in 2010, and compares to a profit of $1.8bn a year ago. Under the leadership of Looney, who took the top job in February and set in motion the strategy to become a net-zero energy company by 2050, BP is undergoing a major overhaul and pushing aggressive cost-cutting measures. It recently announced plans to cut 10,000 jobs across the business, mostly across senior leadership level, as it targets a $2.5bn reduction to annual cash costs by 2021. The cost of restructuring is expected to be around $1.5bn this year. The cut to its dividend follows a decision to maintain the first-quarter shareholder payout to 10.5 cents per share, and is matched by a commitment to return at least 60% of surplus cash through its share buyback scheme. Luke Parker, a corporate analyst at Wood Mackenzie, said BP had taken a “prudent course of action” in lowering its dividend. “If ever there was a moment to reset [the dividend], this was it,” he added. “Several factors have converged to make it possible – coronavirus and everything that comes with it; a strategic pivot to net-zero on the horizon; Shell’s dividend reset; and a new leadership with credit in the bank.” Looney sheds further light on BP’s net-zero strategy Back in February, BP’s chief executive announced his ambition for the company to “re-imagine energy” by aligning itself with the climate goals of the Paris Agreement and targeting net-zero emissions by 2050. Today (4 August), the oil major provided more detail on how it intends to reach this goal, setting out interim targets for the coming decade. “[This announcement is] the next major staging post,” Looney said in a presentation. “After more than a century defined by two core products, oil and gas, and two main businesses, upstream and downstream, we’re pivoting from being and international oil company to an integrated energy company. “Over the next decade we plan to significantly scale up our low-carbon electricity and energy businesses, transform our convenience and mobility offer, and focus our oil, gas and refining portfolio.” The plan includes increasing low-carbon investments to $5bn by 2030 – ten times the level allocated in 2019 – with a target of increasing its renewable capacity from the current level of 2.5GW to 50GW. With a spending budget of $12bn this year – revised downwards due to the market collapse – BP’s increased allocation to renewable energy still leaves more than half its capital available for investment into fossil fuels. Oil and gas production will be cut by 40% by 2030, although Looney emphasised the importance of hydrocarbon revenues to financing the transition into two new growth markets – low-carbon electricity and energy, and customer convenience and mobility. He added that BP will no longer enter into new countries for oil and gas exploration. The UK oil firm also plans to grow its position in emerging hydrogen markets, increase biofuel production to 100,000 barrels per day, and increase the number of electric vehicle charging points it operates to 70,000, up from the current level of 7,500. As an interim target on the path to net zero, BP aims to cut absolute emissions from its operations by 30-35% by 2030, as well as achieving an up to 40% reduction in Scope 3 emissions associated with its upstream oil and gas business. It also plans to lower the overall carbon intensity of the products it sells by around 15% by the end of the decade. Strategy update welcomed as a ‘big step forward’ Greenpeace campaigner Mel Evans welcomed the update, saying BP has “woken up” to the urgency of cutting carbon emissions this decade. She added: “Slashing oil and gas production and investing in renewable energy is what Shell and the rest of the oil industry needs to do for the world to stand a chance of meeting our global climate targets. “BP must go further, and needs to account for, or ditch, its share in Russian oil company Rosneft. But this is a necessary and encouraging start.” BP has said it remains committed to Rosneft, in which it holds a 19.75% stake, saying it is a “fundamental part” of its broader portfolio and provides a strong position in Russia. Wood Mackenzie’s Parker added that the strategy announcement provides “the clearest and most detailed roadmap to Big Energy” that any of the world’s oil majors have outlined to date. “[It is] a big step forward, filling in many of the blanks, including detailed guidance to 2030,” he said. “It leaves stakeholders with a much clearer of idea of where BP is headed over the next decade, how it will get there, and what that means for the value proposition.”
the grumpy old men
04/8/2020
11:32
shell yields 4.3% now and bp 5.25%, can't see any reason for that disparity, esp with reduced gearing news announced today. so does this imply an imminent increase in the shell dividend or that BP should be re-rated? (rdsb now 11.28 would = bp 3.68 if their yields were to match)
unastubbs
04/8/2020
11:22
No, really?
scepticalinvestor
04/8/2020
11:08
Cutting the dividend is hard but the right thing to do right now.
smurfy2001
04/8/2020
10:08
Price (GBX) 303.95 8.15% Open / Last close 287.00 / 281.05 High / Low 304.05 / 287.00 Bid / Offer 303.95 / 304.10
grupo guitarlumber
04/8/2020
10:06
So many articles were short on here. Makes you laugh.
babbler
04/8/2020
10:05
Feeling good Lewis
grupo guitarlumber
04/8/2020
10:03
By Sarah McFarlane LONDON -- BP PLC cut its dividend for the first time in a decade, in a reset that would enable it to pivot away from oil and gas and invest more in low carbon energy, marking the most dramatic transition plans yet from an oil major. The British energy giant aims to increase its low carbon investments to $5 billion a year by 2030, from around $500 million, at the same time as seeing its oil and gas production fall by 40% from 2019 levels. BP's decision Tuesday caps one of the worst quarters ever for the world's biggest oil companies, all of which reported losses and warned of more pain to come as the coronavirus pandemic continues to sap global demand for fossil fuels. The company's decision to halve its dividend follows a similar move by Royal Dutch Shell PLC, which said in April it would reduce its dividend by two-thirds. The other major oil companies -- Exxon Mobil Corp., Chevron Corp. and Total SA -- retained their dividends but have taken on more debt. The dividend cuts upend what has long been a fundamental bargain between major oil companies and their investors, centered on reliable and large payouts. The poor results and dividend cuts come at a time when oil companies were already under pressure from investors to articulate a vision for their future. Demand for fossil fuels is expected to plateau or shrink in the coming years as the world transitions to lower-carbon energy. Companies, including BP and Shell, have questioned whether oil demand will fully recover to pre-pandemic levels, or whether coronavirus could accelerate the transition to greener energy. BP reported a replacement cost loss -- a metric similar to the net income figure that U.S. oil companies report -- of $17.7 billion for the three months ended June 30, from a profit of $1.8 billion for the year-earlier period. It reduced its quarterly dividend to 5.25 cents a share from 10.5 cents. The last time BP cut its dividend was in 2010 after the Deepwater Horizon oil spill in the Gulf of Mexico. BP said its new dividend policy entailed a fixed amount, and it will return at least 60% of surplus cash as share buybacks once the company's balance sheet has been strengthened. Write to Sarah McFarlane at sarah.mcfarlane@wsj.com (END) Dow Jones Newswires August 04, 2020 03:38 ET (07:38 GMT)
waldron
04/8/2020
09:41
LOOKING GOOD BILLYRAY
waldron
04/8/2020
09:41
Looks like we can start referring to the Box channels,resistences and supports togetherwith Broker targets to make you smirk or smile THE WISH LIST 270 to 300p 300 to 330p$$$$$$$$$$$WE ARE HERE$$$$$$$$$$$$$$$$$$ 330 to 360p Jefferies target is 350p 360 to 390p 390 to 420pBARCAP target possibly 400p 420 to 450pJP Morgan goes for a target of 425p 450 to 480p 480 to 510p 510 to 540p Goldman Sachs maintains a target of 530p Https://www.marketscreener.com/BP-PLC-9590188/ Https://www.marketscreener.com/BP-PLC-9590188/charts/ Strong support 275.10p Strong Resistence 293.80p seemly broken thru with a weak resistence at 316p June end share price 307.20p july end share price 275.15p
waldron
04/8/2020
09:37
Kasamavic, no don’t sell any because they give me more ( now 5%) than cash on deposit at el banco, just add more on all dips. It’s a long term hold 10-20 yrs, pass on to the kid if I don’t last that long. By the autumn rates will be 0% and the banks will cut supplies of physical cash, soon they will be Charging for large deposits of cash! Blue chip multi national play, definitely a large part of my portfolio and probably many others.
ny boy
04/8/2020
09:21
Taking my 15p on this tranche better than 4p dividend as not getting locked in like last lot at 308p.
hasin
04/8/2020
09:18
Ah thanks.
skinny
04/8/2020
09:17
Hi skinny,Found this on thisismoney site:" Our move to a new market data supplier is taking place this Sunday, August 2.Your portfolio will be unavailable for a few days. Your data will be protected and updated when the new feeds become available. But we're advising users to log in and copy and paste your portfolio(s) into Excel for safe keeping.Full service of market data should be resumed by the end of summer.Thank you for your understanding."RegardsJeff
jgp212
04/8/2020
09:06
Thisismoney seems to have stopped working for broker :- here.
skinny
04/8/2020
09:01
Coal | Electric Power | Natural Gas 04 Aug 2020 | 06:44 UTC London BP's oil, gas output to fall 40% by 2030 amid transition to carbon energy company Author Robert Perkins Editor Aastha Agnihotri Commodity Coal , Electric Power, Natural Gas Highlights Sees upstream production of 1.5 mil boe/d by 2030 Plans 10-fold boost on low carbon investment London — BP expects its oil and gas production to fall by at least 1 million b/d of oil equivalent or 40% over the next decade, as it transitions to a lower carbon energy company, the company said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Under a new strategy announced August 4, BP said it will boost investment on low carbon projects such as renewables, bioenergy by 10-fold to around $5 billion/year by 2030 as part of plans to become a "net zero" emitter. The move will see BP's upstream oil and gas production fall from 2.6 million boe/d in 2019 to around 1.5 million boe/d while its refining throughput is expected to fall from 1.7 million b/d in 2019 to around 1.2 million b/d. "BP has been an international oil company for over a century - defined by two core commodities produced by two core businesses. Now we are pivoting to become an integrated energy company - from IOC to IEC," CEO Bernard Looney said in a statement. As a result, BP said it expects its emissions from its operations and those associated with the carbon in its upstream oil and gas production to be lower by 30-35% and 35-40%, respectively. BP had already flagged plans for the "most wide-ranging reorganization in [BP's] history" on February 5, announcing ambitious targets for the oil major to become a net-zero carbon emitter by 2050 or sooner.
sarkasm
04/8/2020
08:58
Definitely better than I expected on both Divi front and the debt(as someone else has already said)
geckotheglorious
04/8/2020
08:52
BP slashes its dividend payout to shareholders for the first time since the 2010 Deepwater Horizon disaster as it's rocked by a plunge in oil prices BP investors will now receive just 5.25 US cents (4p) per share The oil giant reported a $6.7 billion (£5.1 billion) underlying loss Average price of oil was 57 per cent lower at $29.50 for a barrel of Brent crude By Alex Sebastian For This Is Money Published: 08:29 BST, 4 August 2020 | Updated: 08:47 BST, 4 August 2020 BP has slashed its dividend payout for the first time since the Deepwater Horizon disaster after the company was hit by sharply lower global oil prices. Investors will now receive just 5.25 US cents (4p) per share, compared with 10.25 cents (7.8p) last time around. The cut came as the oil giant swung to a $6.7 billion (£5.1 billion) underlying loss in the second quarter of the year. BP investors will now receive just 5.25 US cents (4p) per share, compared with 10.25 cents (7.8p) last time around +2 BP investors will now receive just 5.25 US cents (4p) per share, compared with 10.25 cents (7.8p) last time around This represents a sharp reversal in fortunes compared to last year when the firm booked a $2.8 billion (£2.1 billion) underlying replacement cost profit. This is still $100 million (£76 million) better than analysts had warned however. This beating of forecasts has been reflected in BP shares today, with a rise of 6 per cent to 298p. The average price of oil was 57 per cent lower at $29.50 for a barrel of Brent crude in the quarter compared with the same three months in 2019, BP said. The falling price was driven by a mix of Saudi Arabia and Russia engaging in a price war at the start of the year and the coronavirus pandemic, which pushed down demand for oil. Chief executive Bernard Looney said: 'These headline results have been driven by another very challenging quarter, but also by the deliberate steps we have taken as we continue to reimagine energy and reinvent BP.' 'In particular, our reset of long-term price assumptions and the related impairment and exploration write-off charges had a major impact. 'Beneath these, however, our performance remained resilient, with good cash flow and - most importantly - safe and reliable operations.' Chief executive Bernard Looney said the results have been driven by 'another very challenging quarter' Chief executive Bernard Looney said the results have been driven by 'another very challenging quarter' Three months ago, as the pandemic gripped the world BP held back from cutting its payout to shareholders, as rival Shell was forced to do. Looney also provided more detail to investors on the company's plans to go green. He pledged that BP will be investing around $5billion dollars (£3.8 billion) in low-carbon projects by the end of the decade, a tenfold increase from today. Over the same period it expects to slash daily oil and gas production by 40 per cent from last year's level. While the dividend will remain at 5.25 US cents until the board decides to increase it, Looney and his fellow directors promised to return money to investors by buying back their shares with at least 60 per cent of BP's surplus cash.
sarkasm
04/8/2020
08:39
Https://www.marketscreener.com/BP-PLC-9590188/ [United Kingdom] BP PLC (BP.) Real-time Estimate Quote. Real-time Estimate CHI-X - 08/04 08:39:53 am 297.9 GBX +6.00%
grupo guitarlumber
04/8/2020
08:37
Thisismoney is the best free resource imo.Otherwise go for moneywire
scepticalinvestor
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