Bp Share Discussion Threads

[skinny] 31/10/2017 08:40

"old posters" - I resemble that remark!

[optomistic] 31/10/2017 08:39

Good morning all, what a great start!
If you are around Bracke, would you say this is a breakaway or a runaway gap?
Both are very positive IMO.
Maybe see one or two old posters reappearing now as their holdings must now be back in positive territory...not before time.
Can I see Mrs Penycae popping down to the shops later :-)

[skinny] 31/10/2017 08:37

Pop! (technical term).

[w1ndjammer] 31/10/2017 07:55

quality

WJ.

[skinny] 31/10/2017 07:54

Year-to-date organic balance at $49 a barrel
Share buybacks announced to offset scrip dilution
Reported third quarter group oil and gas production up 14%

· Underlying replacement cost (RC) profit* for the third quarter was $1.9 billion, compared with $684 million in previous quarter.
· Third-quarter operating cash flow, excluding Gulf of Mexico oil spill payments*, was $6.6 billion. Including these payments, operating cash flow* for the quarter was $6.0 billion.
· Underlying operating cash flow* in first nine months exceeded organic capital expenditure* plus full dividend* - equivalent to organic cash balance including full dividend at Brent oil price of $49 a barrel, or $42 a barrel including cash dividend only(a).
· Dividend unchanged at 10 cents per share.
· Recommencing share buyback programme in fourth quarter to offset ongoing dilutive effect of scrip dividends over time.
· Reported group oil and gas production in the third quarter averaged 3.6 million barrels of oil equivalent a day, 14% higher than in the third quarter of 2016.
· Three Upstream major projects* began production in the quarter.
· Downstream underlying quarterly earnings were the highest for five years, second-highest on a RC basis.
· Around $4.5 billion in disposal proceeds are expected for full year 2017, with $1.0 billion received in first nine months. Proceeds expected in the fourth quarter include those from the SECCO transaction ($1.4 billion) and the initial public offering of BP Midstream Partners LP's common units ($0.7 billion).



more.....

[waldron] 31/10/2017 07:31

BP PLC 3Q17 Part 1 of 1
31/10/2017 7:00am
UK Regulatory (RNS & others)

BP (LSE:BP.)
Intraday Stock Chart

Today : Tuesday 31 October 2017
Click Here for more BP Charts.

TIDMBP.

RNS Number : 0280V

BP PLC

31 October 2017

FOR IMMEDIATE RELEASE

London 31 October 2017


BP p.l.c. Group results Top of
Third quarter and nine months 2017 page 1

For a printer friendly copy of this announcement,
please click on the link below to open a PDF
version:

====================================================================== ========


Highlights Year-to-date organic balance at $49 a
barrel
Share buybacks announced to offset scrip
dilution
Reported third quarter group oil and
gas production up 14%

* Underlying replacement cost (RC) profit* for the
third quarter was $1.9 billion, compared with $684
million in previous quarter.


* Third-quarter operating cash flow, excluding Gulf of
Mexico oil spill payments*, was $6.6 billion.
Including these payments, operating cash flow* for
the quarter was $6.0 billion.


* Underlying operating cash flow* in first nine months
exceeded organic capital expenditure* plus full
dividend* - equivalent to organic cash balance
including full dividend at Brent oil price of $49 a
barrel, or $42 a barrel including cash dividend
only(a).


* Dividend unchanged at 10 cents per share.


* Recommencing share buyback programme in fourth
quarter to offset ongoing dilutive effect of scrip
dividends over time.


* Reported group oil and gas production in the third
quarter averaged 3.6 million barrels of oil
equivalent a day, 14% higher than in the third
quarter of 2016.


* Three Upstream major projects* began production in
the quarter.


* Downstream underlying quarterly earnings were the
highest for five years, second-highest on a RC basis.


* Around $4.5 billion in disposal proceeds are expected
for full year 2017, with $1.0 billion received in
first nine months. Proceeds expected in the fourth
quarter include those from the SECCO transaction
($1.4 billion) and the initial public offering of BP
Midstream Partners LP's common units ($0.7 billion).

[bill hunt] 31/10/2017 07:15

Share buy back and dividend retained at 10c.

[sicker] 30/10/2017 17:50

Doubt it, but it would be welcome:-)

[optomistic] 30/10/2017 17:09

Divi increase will do for me hellscream :-)

[hellscream] 30/10/2017 16:56

sod the sp, I just want the price of oil to go up.

[veryniceperson] 30/10/2017 16:54

Over 500 at close. Good results tomorrow and they will probably fall.

[veryniceperson] 30/10/2017 10:28

Just hanging the right side of 500.

[gemlotte55] 30/10/2017 09:01

Thanks skinny

[gemlotte55] 30/10/2017 08:57

Does it go ex Divi tomorrow

[veryniceperson] 30/10/2017 08:56

Sicker. Good results tomorrow, maybe a hike in the dividend ?

[sicker] 30/10/2017 08:45

Looks like you may have got your wish weryniceperson :-) Le us hope £5 can hold.

[veryniceperson] 30/10/2017 08:25

Market down 19 BP up, a good sign for tomorrow. Perhaps get over 500 today.

[sarkasm] 28/10/2017 16:57

BP and Shell ‘dragging feet on climate change’

Oct 28, 2017 Jonny Bairstow Sustainability & Environment, Low Carbon, Markets & Finance, Top Stories 0
Image: Tonktiti / Shutterstock / JuliusKielaitis

BP and Shell is putting shareholder capital at risk by “dragging their feet” on climate change.

That’s the claim from non-profit investment campaign ShareAction, which says both energy giants are failing to properly adapt their business models to the ongoing transition to a low carbon economy.

That’s in contrast to another new report claiming climate change is now embedded in the strategies of businesses across Europe, including Shell.

ShareAction recommends shareholders to escalate engagements with boards and management at both companies.

It also suggests investors should press the firms to provide analysis on the resilience of assets, outline plans for reducing total lifecycle emissions and disclose their position on upcoming climate legislation in the markets they operate in.

The group says failing to adapt to policies encouraging renewables and the reduced use of fossil fuels risks the savings of millions of savers, especially in the UK where exposure to Shell and BP in pension portfolios is especially high.

Michael Chaitow, Senior Campaigns Officer at ShareAction, said: “Shell and BP want to have their oil and drink it too, by advocating for the landmark Paris Agreement to limit global temperature rises to below two degrees Celsius, while planning for scenarios that would violate it.”

A spokesperson for BP told ELN: “BP intends to play our part in meeting the dual challenge of shifting to a lower carbon future while providing reliable energy to a growing world population.

Shell declined to comment on the report specifically but said: “Shell’s position on climate change is well known.”

BP, Low Carbon, Oil & Gas, Shell, climate change, global warming, investment

[waldron] 28/10/2017 08:54

Morgan Stanley: Oil Stocks Are Very Interesting Now
By Tsvetana Paraskova - Oct 27, 2017, 6:00 PM CDT NYSE

The oil industry is a pretty interesting sector now as it has lagged year to date, it’s under-owned, and has much better value historically, Andrew Sheets, chief cross asset strategist at Morgan Stanley, told CNBC on Friday, joining the growing chorus of other analysts who have recently turned bullish on European and U.S. oil stocks.

The oil sector has lagged the move in oil prices which have been creeping higher and now sit higher than a year ago, Sheets said.

The industry is also interesting because now it is in a very different part of the cycle compared to the very aggressive capital spending when oil prices were $100 per barrel. Now spending is being rolled back and efficiencies have been found, according to Morgan Stanley’s strategist.

Morgan Stanley upgraded the oil sector in Europe to “overweight221; a couple of weeks ago, and the bank is also “overweight221; on the sector in the U.S., Sheets noted.

“We do think it’s a very interesting sector that is both under-owned and historically much better valued than a lot of other sectors,” the strategist told CNBC.

There is a kind of difficult window for oil prices in the first quarter next year, when new projects and supply is due to come to the market, but demand growth this year has been “incredibly strong.” Morgan Stanley’s current assumption is that the strength in global demand will be enough to offset some of the supply coming online and ultimately, lend some kind of support to oil prices, Sheets said.

Related: Saudi Rhetoric Sends Oil Prices To Two-Year High

Morgan Stanley is joining Goldman Sachs in its view on oil stocks. Earlier this month, Goldman said that shares in oil companies had underperformed the recent oil price rally, so some of those stocks were set to rise in a long-term oil price of $50-55. Goldman Sachs has also recently turned bullish on European majors and on Big Oil’s competitive positioning.

As early as in August, analysts were saying that the oil sector globally is an attractive play for investors right now, with “great value in supermajor oil companies.”

By Tsvetana Paraskova for Oilprice.com

[veryniceperson] 27/10/2017 19:56

$60.38 per barrel. That alone should price over 500.

[skinny] 27/10/2017 16:00

Brent @$60 earlier.

[veryniceperson] 27/10/2017 15:50

Results Monday/Tuesday what do others think. Personally I think good many problems behind them (GOM) now. Over 500 next week ?