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BP. Bp Plc

495.70
2.90 (0.59%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  2.90 0.59% 495.70 496.00 496.10 498.75 493.30 495.45 36,110,224 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining 211.6B 15.24B 0.8934 5.55 84.61B
Bp Plc is listed in the Petroleum Refining sector of the London Stock Exchange with ticker BP.. The last closing price for Bp was 492.80p. Over the last year, Bp shares have traded in a share price range of 441.10p to 562.20p.

Bp currently has 17,057,902,258 shares in issue. The market capitalisation of Bp is £84.61 billion. Bp has a price to earnings ratio (PE ratio) of 5.55.

Bp Share Discussion Threads

Showing 91451 to 91470 of 108925 messages
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DateSubjectAuthorDiscuss
09/11/2017
16:21
Assuming the dividend will be between 7 and 8 pence it's not down much :-)
sicker
09/11/2017
16:01
EGYPT INDEPENDENT

Business
BP to commence gas production in Atoll field by end of 2017
Al-Masry Al-Youm
November 9, 2017
1:53 pm
Minister Of Petroleum Tarek El Molla inspected the first stage of the Atoll gas field developed by the British Petroleum company (BP) off the Mediterranean coast in Damietta on Wednesday.
El Molla said that the gas field is one of the recent important discoveries in Egypt’s oil sector after the Ministry of Petroleum and Natural Gas signed an agreement of principles with BP in November 2015 to accelerate its production.
The Minister held a meeting with the regional director of BP in North Africa, Hesham Mekawi, and officials at the Ministry of Petroleum and the Egyptian Natural Gas Holding Company (EGAS) to follow up on the progress of the field’s development, whose total investment amounts to $ 3.8 billion.
On his part, chairman of the Pharaonic Petroleum Company Hassan Abbadi said that the gas production in the field will commence at the end of this year, ahead of the ministry’s deadline in 2018,
Atoll, an eastern Nile Delta discovery BP made in November 2017, will bring 250 million cubic feet of oil per day. It proves what BP has believed for many years — that the Nile Delta is a world-class gas basin.
Edited translation from al-Masry al-Youm

ariane
09/11/2017
15:56
Profit taking and ex div.
parvo
09/11/2017
15:51
Tad under $64.00 a barrel, must be some profit taking.
veryniceperson
08/11/2017
16:48
Like cars, easy targets
veryniceperson
08/11/2017
16:41
shame the uk is getting desperate for cash, gonna be another attack on our dividends...
hellscream
08/11/2017
15:34
OPEC to Disappoint Oil Bulls at November Meeting, Citigroup Says
By Grant Smith
8 novembre 2017 à 12:37 UTC+1

Decision to extend output curbs through 2018 unlikely: Morse
Citigroup says higher oil prices to spur U.S. shale drilling

OPEC Secretary-General Mohammad Barkindo speaks in Vienna about rebalancing of the global oil market.

Oil bulls banking that OPEC and its allies will later this month agree to extend supply cuts for all of 2018 are set to be disappointed, Citigroup Inc. says.

Hedge funds are laying record bets that Brent crude futures will rise, exchange data show, amid expectations that OPEC and Russia will decide to prolong supply curbs when they meet in Vienna on Nov. 30. Markets are pricing in an extension to the end of next year, according to JPMorgan Chase & Co.

“There is an exuberance in the market about there being a done deal to extend through the end of 2018 and I think there’s likely to be disappointment in that come Nov. 30,” Ed Morse, head of commodities research at Citigroup, said by phone from New York. “Our base case is that we do not get a full-year extension on Nov. 30.”

The Organization of Petroleum Exporting Countries and Russia have been leading a 24-nation coalition of oil producers this year in an historic pact to clear a global supply glut by reducing output. The strategy is finally paying off, with about half the surplus in inventories gone and oil prices trading at the highest in two years.

The accord is due to expire at the end of March. Expectations grew that the producers will choose to extend the measures throughout 2018 after Russian President Vladimir Putin signaled in early October the country would be open to such a move.
Sequenced Decisions

Citigroup’s Morse expects that, rather than a full-year extension, OPEC will either prolong the curbs until the end of the second quarter, or postpone taking a decision until January or February.

Russian officials and companies, eager to press on with expanding production capacity, have shown resistance to an extension. Lukoil PJSC Chief Executive Officer Vagit Alekperov said on Oct. 10 that the deal should end if oil prices reach $60 a barrel, while Rosneft PJSC boss Igor Sechin has warned that U.S. shale output is undermining their efforts.

Russian Energy Minister Alexander Novak said on Nov. 2 that producers won’t necessarily decide at this month’s meeting because the outlook for the market remains unclear.

“There’s a short-term possibility of a selloff,” Citigroup’s Morse said.

Morse predicts the producers will ultimately maintain their cutbacks throughout 2018, though in a sequence of decisions rather than a commitment made this month.
Shale Surge

Bulls are still in for a let-down though, if they expect OPEC’s actions will significantly tighten global markets next year, he said. With oil prices having recovered to almost $60 a barrel in New York, U.S. shale output will surge again after losing momentum recently. There has been “an incredible amount of hedging activity by U.S. producers” for 2018 and 2019 that allows them to resume drilling, Morse said.

“It’s a fragile balance,” he said. “The higher the price goes in the short run the more difficult it will be to return the oil taken off the market.”

North American shale output will soar to 7.5 million barrels a day in 2021 as OPEC’s output cuts triggered a crude-price recovery that helped U.S. drillers, the group said in its World Oil Outlook report on Tuesday. That’s 56 percent higher than it forecast a year ago.

Before it's here, it's on the Bloomberg Terminal.
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maywillow
08/11/2017
15:19
long term holder - re-investing dividends- here - will add if we break and hold above 530p as a trading buy- this is a stock that you can accummulate at lower levels and sleep tight knowing that the divi rewards you for your patience
malcontent
08/11/2017
15:15
vnp - thanks for your thoughts!
parvo
08/11/2017
14:56
They will drop, very quickly recover. 550 on the cards within 3 months. Next set of results brilliant imv
veryniceperson
08/11/2017
14:30
Ex Div tomorrow; where will this go?
parvo
07/11/2017
17:29
extract from citywire

Oil majors Shell and BP have risen towards the top of the FTSE 100 as the price of Brent crude held onto big gains made yesterday.

The oil price enjoyed its biggest daily rally in six weeks yesterday, surging 3.3% amid tensions between key producers Saudi Arabia and Iran.


Saudi Arabia, in the midst of a corruption crackdown, has ramped up rhetoric against Iran, which it sees as responsible for conflict in Yemen.

The risk of a threat to supply has buoyed the oil price ahead of a meeting of the Opec cartel of oil-producing nations, where an extension of the current production cut is expected to be agreed.

The price of a barrel of Brent crude today edged 0.9% lower to $63.67, still holding on to most of yesterday's strong gains.

'The key driver for this move higher has been Saudi Arabia,' said Kathleen Brooks, research director at City Index.

'The extension of the Opec production cut is a powerful driver of oil in the short term, and Brent could be acting as a safe haven in the midst of the confusion around the anti-corruption drive.'

Shares in BP
rose 4p to 525.2p while Shell was up 9.6p at £25, bucking a falling FTSE 100, which dropped 49 points, or 0.7%, to 7,513.

Morgan Stanley analyst Martijn Rats upped his price targets on BP and Shell by 6%, from 560p to 595p and from £27.70 to £29.30 respectively.

He said the European oil majors could now cover dividends and capital expenditure at $52 a barrel.

'Cost and capital efficiency for Europe's majors continues to improve faster than expected,' he said.

'With spot and oil prices well above that, we reiterate our "attractive" stance.

ariane
07/11/2017
15:58
BARCELONE (Agefi-Dow Jones) - BP (BP.LN) and Total (FP.FR) are HSBC's favorite stocks among oil majors, as the bank expects continued oil prices to rise in the coming years years. HSBC believes that the two oil giant's stocks are cheap relative to their rivals and pose low risks, a high dividend yield and good medium- and long-term growth prospects. "We expect a rise in crude for the next two years but, even without it, we believe that the risk / benefit ratio of the sector remains favorable," the bank added. The Total share gained 1% to 49.11 euros, while BP rises by 1.3% to 528 pence.




-Philip Waller, Dow Jones Newswires (French version Aurélie Henri) ed: LBO




(END) Dow Jones Newswires


November 07, 2017 10:11 ET (15:11 GMT)

the grumpy old men
07/11/2017
15:20
sarky

cheers

even if old news its nice to be reminded
just in case one missed it first time round

DOW JONES THOUGHT IT WAS WORTH REMINDING US

hiddendepth you could have posted something a bit more imformative instead
of a nul comment

maywillow
07/11/2017
15:12
That's very old news sarkasm.
hiddendepths
07/11/2017
14:34
4 INTEREST BUT NOT SURE IF BP AFFECTED




Christopher M. Matthews and Christopher Alessi

The refining industry is facing its biggest disruption in years from a looming international air-pollution regulation aimed at slashing the amount of sulfur in marine fuel for ocean-going ships.

The regulation doesn't go into effect until 2020, but its reverberations are already being felt. Analysts predict it will widen the gap between the refining world's winners and losers, making some richer while pushing others to the brink.

Some larger companies, including ExxonMobil Corp., Total SA and Repsol SA have invested billions in recent years to upgrade refineries, which will allow them to produce more lower-sulfur fuel and other products. They say they are prepared for the regulations, which are set by the International Maritime Organization and meant to reduce emissions that health officials blame for respiratory and heart diseases.

Some smaller companies, including Philadelphia Energy Solutions, the largest refinery on the U.S. East Coast, haven't yet begun to make the costly improvements.

"It's the biggest change to hit the industry in a while," said Clint Follette of Boston Consulting Group. "At this point, it's too late for most companies to put in those kinds of investments before 2020."

The International Maritime Organization, the United Nations' shipping regulator, last year mandated that oceangoing vessels cut the sulfur content in their fuel by more than 85% starting in 2020. The world's 50,000 merchant ships can either undergo costly retrofits to their exhaust systems, or use cleaner fuels such as low-sulfur diesel.

Most large ships now use what is known as bunker fuel, a thick, sulfurous type of fuel that is often composed of residual oils, or the leftovers after diesel and gasoline have been separated from crude oil through refining.

Shipping companies are expected to opt for cleaner fuels, which will shrink the market for bunker fuel. Shippers consume as much as 4 million barrels per day of bunker fuel, and the regulation could cut demand by as much as half, analysts say.

That is bad news for simpler refineries in Europe and the U.S. East Coast, which will be stuck a glut of high sulfur fuel leftovers they will be forced to sell at huge discount, Mr. Follette said.

That is bad news for simpler refineries in Europe and the U.S. East Coast that aren't able to process the dregs of the barrel into more valuable fuels and which will stuck with a glut of high sulfur fuel leftovers they will be forced to sell at huge discount, Mr. Follette said.

It is good news for the U.S. Gulf Coast, already the money-making center of the American refining industry. Many refineries there are more complex, meaning that they have technology that can take heavy and sour crude and turn it into more profitable, light products, in addition to bunker fuel.

Companies including ExxonMobil, Chevron Corp., Marathon Petroleum Corp. and Valero Energy Corp. have some of the nation's most complex refineries, according to Stratas Advisors global refinery rankings.

In addition to its existing assets on the Gulf, Exxon, in anticipation of the new rules, is investing more than $1 billion in new equipment that will be able to produce lower-sulfur fuels at a refinery in Antwerp, Belgium.

Others in Europe are also investing. Total has invested $1.31 billion at its refinery complex in Antwerp to increase its diesel capabilities and cut heavy- oil production.

Dario Scaffardi, executive vice president at Saras, said "small and unsophisticated" refiners will "all have a problem" in 2020, because "high sulfur fuel oil will be a product without a home."

The change comes at a bad time for the beleaguered East Coast refining sector, where many refineries have shut down in recent years.

Philadelphia Energy Solutions, a joint venture of private-equity firm Carlyle Group LP and Sunoco Inc., is one of the least complex major refineries in the U.S., according to Stratas Advisors.

The facility processes 335,000 barrels per day and primarily makes gasoline. It is already mired in debt, due to higher costs to secure crude on the East coast than elsewhere in the U.S., declining gasoline consumption and millions it had to spend to comply with earlier regulations to blend ethanol into their fuels.

The company played down the impact of the new rule, saying the U.S. is producing a lot of less sulfurous sweeter crude oil, the type the facility prefers and that while it will reduce the market for bunker fuel, it will increase the market for cleaner fuels.

"The IMO 2020 regulation will create new demand for diesel until the shipping industry adapts to the new regulation," it said in a statement.

Write to Christopher M. Matthews at christopher.matthews@wsj.com and Christopher Alessi at christopher.alessi@wsj.com



(END) Dow Jones Newswires

November 07, 2017 08:14 ET (13:14 GMT)

sarkasm
07/11/2017
11:38
Broker Forecast - Morgan Stanley issues a broker note on BP PLC
By BFN News | 11:00 AM | Tuesday 07 November, 2017

Factsheet BP PLC USD0.25 (BP.)


Morgan Stanley today reaffirms its overweight investment rating on BP PLC (LON:BP.) and raised its price target to 595p (from 560p). Story provided by StockMarketWire.com

waldron
07/11/2017
11:30
(Boursier.com) - HSBC has a positive outlook for the oil sector, which should benefit from a continued recovery in oil prices in the coming years. In the specialty, the majors come out of three years of crisis with strengthened structures, which perpetuate their dividends on the basis of oil prices in the zone of 55 dollars a barrel. The two favorite players of the consulting firm are currently Total and BP, which have a low risk profile, good dividend yields and attractive growth prospects in the medium and long term, while being cheap. The analyst therefore recommends buying the French group, the goal is raised from 52.50 to 55 euros.
waldron
07/11/2017
10:15
Motoring away nicely. If oil price's hold at current levels, February's 4th quarter results will be good. I think the 450's are well past. New buy line (for me that is) 490 to 500.
veryniceperson
07/11/2017
10:02
Alps ...that was a well timed buy the other day
badtime
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