Bp Share Discussion Threads

[alphorn] 07/12/2017 10:22

Increased long position this morning.

[the grumpy old men] 07/12/2017 10:15

BP, Total’s ratings could absorb end of scrip dividends: Fitch

December 7, 2017 Company News, Crude Oil, Europe, Natural Gas, News 0

European oil majors BP and Total could be pressured into following Shell’s recent decision to cancel scrip dividends and return to paying its dividend entirely in cash, but such a move is unlikely to negatively impact their debt ratings, Fitch Ratings said Wednesday.

Analysts at the credit rating agency said in a note both BP and Total have rating headroom if scrip dividends are ended, at least more headroom at their current rating than Shell did.

Fitch has affirmed Shell at "AA-" with a negative outlook after last week’s decision, claiming the plan will slow the firm’s deleveraging, Kallanish Energy learns.

If both companies were to completely cancel scrip dividends beginning in 2018, it would “probably take significantly more shareholder-friendly actions, such as very large share buybacks or rising dividends, as well as rising capital intensity, for the ratings of Total and BP to come under significant pressure,” Fitch said.

All three oil majors introduced scrip dividend programs when oil prices collapsed in 2014-2015, rather than cut gross dividends, which helped balance cash flows and reduce additional borrowing.

The analysts said the recent oil price recovery, along with pressure from shareholders who don’t want their shares diluted, could incentivize oil companies to increase cash distributions by cancelling scrip dividends, launching share buybacks or even raising dividends.

Shell saved roughly $11 billion of cash with the program, but reiterated its commitment to buy back at least $25 billion of shares in 2017-2020, subject to a sustained recovery in crude prices and debt reduction. Its reference oil price is $60 a barrel.

Fitch analysts, however, see Shell's decision as credit negative “as it will reduce the company's financial flexibility under our base case of oil prices returning to below $55/Bbl in 2018, and refining margins moderating.”

[la forge] 04/12/2017 10:05

Home » Reports » Broker Ratings » BP plc 36.3% Potential Upside Indicated by Barclays Capital
broker ratings
BP plc 36.3% Potential Upside Indicated by Barclays Capital

Posted by: Amilia Stone 4th December 2017

BP plc with EPIC/TICKER (LON:BP) had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OVERWEIGHT217; this morning by analysts at Barclays Capital. BP plc are listed in the Oil & Gas sector within UK Main Market. Barclays Capital have set their target price at 675 GBX on its stock. This is indicating the analyst believes there is a potential upside of 36.3% from the opening price of 495.3 GBX. Over the last 30 and 90 trading days the company share price has decreased 25.8 points and increased 48.3 points respectively. The 1 year high stock price is 529 GBX while the year low share price is currently 436.95 GBX.

BP plc has a 50 day moving average of 498.52 GBX and the 200 Day Moving Average price is recorded at 469.50. There are currently 438,878,705 shares in issue with the average daily volume traded being 30,918,554. Market capitalisation for LON:BP is £98,176,977,551 GBP.

[optomistic] 01/12/2017 15:32

No, shares if you have elected that option.

[lollipop3] 01/12/2017 15:28

Is the divi only paid in cash this time?TIA

[ariane] 01/12/2017 12:52

BP says its capex in Azerbaijan don’t depend on oil prices
1 December 2017 16:24 (UTC+04:00)

Baku, Azerbaijan, Dec. 1

By Maksim Tsurkov – Trend:

BP’s capital expenditures in Azerbaijan don’t depend on the current level of oil prices, BP Regional President for Azerbaijan, Georgia and Turkey Gary Jones told reporters in Baku Dec. 1.

He said that the current level of oil prices [above $60 per barrel] won’t affect BP’s capital expenditures plan in Azerbaijan for the next year.

The BP’s capital expenditure program is planned several years ahead, he noted.

The current level of prices has remained the same for about a month, but there are no clear trends whether the prices will remain at the same level or decrease, he added.

The BP plans its budget based not on oil prices but on the efficiency of operations, investments, he said.

BP will invest in operations in Azerbaijan even at low oil prices, and the same goes for investments in social projects, Jones noted.

BP and its partners invested $36.87 billion in oil and gas projects in Azerbaijan in 2012-2016.

Capital expenditures for the Azeri-Chirag-Gunashli (ACG), Shah Deniz, Baku-Tbilisi-Ceyhan and South Caucasus projects amounted to $29.845 billion, and operating expenses were estimated at $7.025 billion.

At the same time, capital expenditures for projects since the beginning of operations in 1995 amounted to $64.5 billion.

BP is the operator of the Shah Deniz and ACG development projects.

---

Follow the author on Twitter: @MaksimTsurkov

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[steve73] 01/12/2017 11:04

^^ thanks..

[waldron] 01/12/2017 09:11

Home Business Oil&Gas

BP, partners present ‘Sweet Gold’ project in Azerbaijan
1 December 2017 11:47 (UTC+04:00)

1

Baku, Azerbaijan, Dec. 1

By Maksim Tsurkov – Trend:

UK’s BP company together with its project partners in Azerbaijan have presented the “Sweet Gold” project worth 3.3 million manats, aimed at the development of beekeeping in the regions of the country.

The pilot phase of the project was launched in March 2017 in 18 rural communities, and the presentation of the project was based on the success of this phase.

The goal of the project is to provide the community members with the necessary resources and skills to create competitive beekeeping farms.

Addressing the event, BP Regional President for Azerbaijan, Georgia and Turkey Gary Jones said that the project is a part of the efforts of BP and partners to support the increase of community incomes.

He noted that the company considered two aspects: providing the necessary equipment and tools and building the capacity to manage this area.

This project will also support the government’s efforts to develop the non-oil sphere, said Jones.

The BP regional president expressed hope that the company will be able to achieve the set goal by increasing the incomes of rural communities and their skills.

To date, 100 beekeeping farms have started operating in the Yevlakh, Samukh and Shamkir districts of Azerbaijan as part of the pilot phase. Each farm was provided with 15 beehives and 10 bee colonies, as well as other equipment.

The project’s second phase envisages expanding and increasing social investments, and the next phase will last until 2020.

The project is being implemented by local company – Puls-R.

The cost of the project’s pilot phase is about 400,000 manats and the cost of the second phase is 2.9 million manats.

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[sicker] 01/12/2017 08:46

Anyone know when the FX fix is?
12th dec

[hellscream] 01/12/2017 05:20

steve73, GBP was $1.70, oil $20 and the share price was £4.70 20 years ago., its nothing to do with currency. what was the dow 20 years ago, compared to the ftse?

this country is throwing all its weight behind housing. George Osborne has surpassed Gordon brown as being the worst counsellor in history. to many bullet holes in our stockmarket.

[steve73] 01/12/2017 03:16

Good recovery for our ADS's in the Ole US last night.. as OPEC reached agreements.

...but the stronger GBP isn't helping our UK share price ..and it won't be helping our next Divi either..! Anyone know when the FX fix is?

[parvo] 30/11/2017 17:16

Hell'
OPEC talks are happening today in Vienna; this will spook oil stocks

[veryniceperson] 30/11/2017 17:14

Hellscream. Be nice. Mind you say that, think we already are.

[veryniceperson] 29/11/2017 18:33

What went wrong with Yankee doodle land. Trump and Rocket Man.

[optomistic] 29/11/2017 16:57

And poor finish...now what went wrong in yankee doodle land.

[sarkasm] 29/11/2017 12:59

Shell Midstream buying pipelines, terminals for $825M

Jordan Blum, Houston Chronicle Published 4:34 pm, Tuesday, November 28, 2017



Houston's Shell Midstream Partners is going on a buying spree, acquiring $825 million worth of pipelines and terminals from its Royal Dutch Shell parent.

The deals designed to beef up the three-year-old Shell Midstream business give the Houston pipelines firm more ownership in Gulf Coast and Gulf of Mexico pipelines, as well as a slew of terminals from the Houston area to Washington state.

The drop-down acquisitions from the parent Shell and other Shell subsidiaries give Shell Midstream majority ownership of the Mars and Odyssey oil pipelines in the Gulf of Mexico. Shell Midstream already owned 49 percent stakes in the pipelines and the deal ups those stakes to at least 71 percent.

The acquisition also includes a Houston-area terminal in Pasadena, as well as four other terminals in Portland, Seattle, Anacortes, Wash.; and Des Plaines, Ill.

Lastly, the deal a 10 percent stake in the massive Explorer pipeline that runs from Houston to Midwestern refineries, as well as a 41.48 percent stake in the much smaller LOCAP pipeline in southern Louisiana. The Explorer system also is owned by Phillips 66, Marathon Petroleum and Energy Transfer Partners subsidiaries.



Shell started the midstream business in 2014 in part to attract new investors, and boost the value to its U.S. pipeline assets. Shell Midstream a publicly traded master-limited partnership, which is a uniquely American tax-avoiding corporate structure that requires the companies to distribute most of their income to investors in payments similar to stock dividends. MLPs are popular with pipeline companies.

"Big Oil" rival BP recently followed suit, launching BP Midstream Partners in October on the New York Stock Exchange.

[optomistic] 29/11/2017 08:38

Thanks Steve...poor start this morning!

[steve73] 29/11/2017 02:13

They indicated they could buy back upto 1.96Bn shares (which is just under 10% of the total shares issued)... IIRC, they said this was the number of new shares issued as scrip divis over the last few years, so they are just removing all these additional shares.
To date they have bought just under 1.3% of that limit... so still plenty more to go.

Mcap is currently up just under 1Bn since the BB started... if the mcap keeps rising at the same rate per buyback, it would end up 80% higher after the full 1.96Bn get bought...with a resulting share price of 980p.

I accept that predicting the future based on a very limited initial performance is risky, before anyone critises.