Bp Share Discussion Threads

[portside1] 29/10/2013 07:31

bob will be on CNBC soon he is very happy . trust me he is happy with the future of the company . so am I

[portside1] 29/10/2013 07:29

paper reports were way out .

[portside1] 29/10/2013 07:28

results are good . div to be over 6% next year that's good nes to me and happy to buy more . were else can you get over 6%
and moving forward bp will go over 600p
I look at the future not the past so do funds

[ards] 29/10/2013 07:21

looks to be like a beat on profits with increase in divi.

[richvandam] 29/10/2013 07:18

portside1 results were awful........div was ok

[portside1] 29/10/2013 07:11

div excellent at todays value that's over 6p div .
good results

[skinny] 29/10/2013 07:06

· BP's third-quarter replacement cost (RC) profit was $3,178 million, compared with $4,534 million a year ago. After adjusting for a net charge for non-operating items of $522 million and net favourable fair value accounting effects of $8 million (both on a post-tax basis), underlying RC profit for the third quarter was $3,692 million, compared with $5,017 million for the same period in 2012. For the nine months, RC profit was $22,174 million, compared with $9,419 million a year ago. After adjusting for a net gain for non-operating items of $11,536 million and net favourable fair value accounting effects of $19 million (both on a post-tax basis), underlying RC profit for the nine months was $10,619 million, compared with $13,219 million for the same period last year. RC profit or loss for the group, underlying RC profit or loss and fair value accounting effects are non-GAAP measures and further information is provided on pages 3, 19 and 21.

· All amounts relating to the Gulf of Mexico oil spill have been treated as non-operating items, with a net adverse impact on a pre-tax basis of $39 million for the quarter and $280 million for the nine months. For further information on the Gulf of Mexico oil spill and its consequences, including information on utilization of the Deepwater Horizon Oil Spill Trust fund, see page 12 and Note 2 on pages 25 - 30. Information on the Gulf of Mexico oil spill is also included in Legal proceedings on pages 35 - 37.

· Including the impact of the Gulf of Mexico oil spill, net cash provided by operating activities for the quarter and nine months was $6.3 billion and $15.7 billion respectively, compared with $6.2 billion and $14.1 billion in the same periods of 2012. Excluding amounts related to the Gulf of Mexico oil spill, net cash provided by operating activities for the third quarter and nine months was $6.3 billion and $15.9 billion respectively, compared with $6.4 billion and $17.1 billion in the same periods last year.

· Net debt at the end of the quarter was $20.1 billion, compared with $31.3 billion a year ago. The ratio of net debt to net debt plus equity at the end of the quarter was 13.3% compared with 20.9% a year ago. Net debt and the ratio of net debt to net debt plus equity are non-GAAP measures. See page 4 for more information.

· Total capital expenditure for the third quarter was $5.9 billion, all of which was organic(d). For the nine months, total capital expenditure was $29.4 billion (including the Rosneft transaction), of which organic capital expenditure was $17.5 billion. Organic capital expenditure for the full year 2013 is expected to be $24 - $25 billion with a similar level of expenditure expected in 2014. Organic capital expenditure through 2020 is expected to be $24 - $27 billion per annum. Disposal proceeds received in cash were $0.4 billion for the quarter and $21.6 billion for the nine months. BP intends to continue to focus its global business portfolio around key assets and strategic strengths, and, as a result, expects to divest a further $10 billion of assets before the end of 2015. Post-tax proceeds from these divestments are expected to be used predominantly for additional distributions to shareholders, with a bias for share buybacks.

· BP today announced a quarterly dividend of 9.5 cents per ordinary share ($0.57 per ADS), which is expected to be paid on 20 December 2013. The corresponding amount in sterling will be announced on 9 December 2013. See page 4 for further information. Moving forward, BP's board intends to review the level of dividend with the first and the third quarter results each year.

[hvs] 28/10/2013 14:56

Public school boys in charge.

What a LOAD OF RUBBISH

[penycae] 28/10/2013 14:54

Stopped raining! We're off. See you on the late shift.

[penycae] 28/10/2013 14:41

Just bought some BARC at 262.81.
That'll probably do us for the week.
Off to walk the dogs before it gets any wetter. Bit nervy - got some some scaffolding up around the West Wing of Penycae Towers. Would really like to see it still there when we get back.

[penycae] 28/10/2013 13:06

Afternoon all.
Just got thrown out of AGK on a limit order, so the rent is covered for the month. Looking a bit toppy here, might be time to get a few on the dark side, but no rush.

Speaking of the dark side, the monkey's got me short on HL with a larjwun.

Looking at cable either way at the moment. Trend is up, but there's quite a bit of volatility, so wide stops the order of the day.
Trade well and prosper Eaethlings.......

[old giggleswickian] 28/10/2013 09:56

portside1,
Bob Dudley could probably say with some justification that Q3 2018 will be better than Q2 2018. It is a bit like saying that turnover at Xmastree PLC will be higher in Q4 than in Q2. If Q3 results are 30% below Q3 last year then believe me that is not a good thing. The fact that Q3 is forecast to be "better" than Q2 isn't as important as you are suggesting.

Ian.

[portside1] 28/10/2013 09:40

the share price is based on future profits not todays .

[portside1] 28/10/2013 09:39

bob Dudley said with the q2 results that q3 would be better .listen to the web cast

[barony] 28/10/2013 09:30

Didn't we sell a large refinery in Texas? (Hence lower revenue)

[old giggleswickian] 28/10/2013 09:24

portside1,
Would it not be wiser to compare q3 with q3 rather than with q2. One prediction is "BP's underlying profits, excluding one-off charges for the Gulf, are expected to be to $3.17bn for the third quarter, from $5.02bn a year before. Mr Hutton said earnings from BP's refining and marketing arm may have fallen by 75pc due to a sharp drop in US refining margins."

Ian.

[anony mous] 28/10/2013 08:17

OhShould be all ok cos portside says so.Lol.Muppet.

[birdsedgeuk] 28/10/2013 07:07

Fingers crossed for Tues.Thought this was a decent articlehttp://www.traderdiary.co.uk/lessons-learnt/4575562569

[portside1] 28/10/2013 07:01

results will be better than the last q2

[old giggleswickian] 28/10/2013 00:24

All this publicity about relatively poor results for the latest quarter must be tosh!
------------------
portside1
22 Oct'13 - 09:22 - 83601 of 83607


results will be very good
---------------------
Portside1 iz neva wong.

Ian.

[veryniceperson] 27/10/2013 23:46

I am sure our fine P M will have nice words with our American cousins. Yer right!

[davidoffetc] 27/10/2013 22:24

Weak US$ in the last Q will affect profits

[prambigear] 27/10/2013 22:04

Aye. Just before dividends ....