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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 | |
---|---|---|---|---|---|---|---|---|---|---|
2.10 | 0.42% | 506.20 | 506.60 | 506.70 | 511.70 | 505.30 | 506.10 | 45,038,850 | 16:35:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Petroleum Refining | 211.6B | 15.24B | 0.8934 | 5.67 | 86.43B |
Date | Subject | Author | Discuss |
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10/1/2018 07:20 | Oil at $69. What has happened to the Share buyback programme? | boozey | |
09/1/2018 12:36 | SOURCE PROACTIVE Barclays predicts a re-rating for Shell shares 11:08 09 Jan 2018 “We expect it to become increasingly evident over the coming 12 months that BP can deliver a material and sustained improvement in free cash flow,” Barclays analyst Lydia Rainforth said. Shell petrol pump BP is Barclays ‘top pick’ among the European oil stocks Barclays predicts a re-rating for Royal Dutch Shell Plc (LON:RDSB) as the bank anticipates improving investor sentiment through 2018. “We expect it to become increasingly evident over the coming 12 months that BP can deliver a material and sustained improvement in free cash flow,” Barclays analyst Lydia Rainforth said in a note. “Project start ups already delivered at the end of 2017 should drive this improvement, with 2018 start-ups adding to the momentum towards year end. In the downstream, growth is set to come from a differentiated offering in both retail and lubricants and is still, for us, an under-appreciated part of the BP business model.” “We also expect an even greater focus on the potential productivity gains that digitisation in the industry can drive and we see this as a $10bn opportunity for BP across both revenue and costs.” The analyst added: “As investor confidence in the ability of BP to sustain and grow that dividend improves we expect to see the shares re-rate.” BP is Barclays ‘top pick’ among the European oil stocks,it sees some 27% upside, but, added that there “will doubtless be bumps in the road” over the coming five years. | grupo guitarlumber | |
08/1/2018 20:14 | Alexander Bueso WebFG News 08 Jan, 2018 15:35 Morgan Stanley ups targets for BP and Shell, despite 'peak oil demand' concerns BP, oil, gas Total 48.04 16:35:22 08/01/18 0.44% 0.21 BP 527.40 16:35:20 08/01/18 -0.42% -2.20 Royal Dutch Shell 'A' 2,525.50 16:35:22 08/01/18 -0.18% -4.50 Royal Dutch Shell 'B' 2,560.00 16:35:06 08/01/18 -0.12% -3.00 Eni 14.52 15:56 08/01/18 0.62% 0.09 Statoil 182.90 15:25:03 08/01/18 0.33% 0.60 FTSE 100 7,696.51 16:35:30 08/01/18 -0.36% -27.71 CAC 40 5,487.42 17:05:01 08/01/18 0.30% 16.67 FTSE MIB Index 22,845.69 18:29 08/01/18 0.37% 83.40 DJ EURO STOXX 50 3,616.45 16:50:00 08/01/18 0.24% 8.82 FTSEurofirst 300 1,565.73 17:20:33 08/01/18 0.23% 3.60 Oil & Gas Producers 9,171.60 16:20 08/01/18 -0.23% -20.90 FTSE 350 4,285.63 16:35:30 08/01/18 -0.36% -15.46 FTSE All-Share 4,231.99 16:40:15 08/01/18 -0.34% -14.38 Energy Producers 0.00 16:17 25/09/06 0.00% 0.00 Analysts at Morgan Stanley revised their price targets for a broad swathe of the European oil majors higher, despite 'peak oil demand' concerns in the marketplace, naming BP and Shell as their 'top picks' in the process. Following three years of painful 'self-help' and restructuring, the oil majors were likely to see the full benefit of those measures flow-through in 2018, they said. Hence, they revised their targets for the pair from 595p and 2,930p to 645p and 3,040p, respectively. "Coinciding with an improvement in oil market fundamentals and a rally in prices, the impact on FCF could be dramatic," the broker said. Their output was set to continue growing at roughly a 3.5% pace each year out to 2020, as new projects continued to ramp-up, while downstream earnings - which had doubled since 2014 - were seen rising further. In parallel, cuts to capital expenditures and operating expenditures of approximately 40% and 20%, respectively, since 2014, were also likely to stick, they said. Neither was there much cost inflation on the horizon and debt reduction would continue to be a priority. "With the oil price collapse still fresh in the mind of managements,and the looming threat of 'peak oil demand', we expect the focus on cost and capital discipline to stay intense, aiding the FCF recovery." "'Peak demand' concerns may weigh but probably won't prevent outperformance: 'Peak oil demand'has also become a bigger part of the debate however,ant it is therefore a genuine question whether the market will still value the sector in the same way as in the past. Inside we argue that this is still likely. History is still a guide to the future when it comes to Big Oil valuations." In the same research note, Morgan Stanley also upped its targets for Eni (from €13.4 to €14.6), Statoil (from Nkr 159 to Nkr 173) and Total (from €55.0 to €56.0). | waldron | |
07/1/2018 03:11 | Alphorn. Thanks that's the one | pvi1 | |
06/1/2018 14:18 | There are a couple of users with very "similar" names...not sure if they're the same person though.. | steve73 | |
06/1/2018 11:31 | Search posters. | alphorn | |
06/1/2018 11:26 | Netley Lucas Does he still post on these boards Anyone | pvi1 | |
06/1/2018 11:24 | Netley LucasDoes he still post on these boards?Anyone anyone | pvi1 | |
05/1/2018 12:47 | Energy and Environment Without fanfare, oil companies just received a tax break on New Year’s Day By Juliet Eilperin and Dino Grandoni January 5 at 6:00 AM An oil drilling rig is seen off the Pacific coastline. (Eugene Garcia/European Pressphoto Agency/Shutterstock) Congressional Republicans allowed a tax on oil companies that generated hundreds of millions of dollars annually for federal oil-spill response efforts to expire this week — a move that amounts to another corporate break in the wake of lawmakers’ sweeping tax overhaul late last month. The tax on companies selling oil in the United States generated an average of $500 million in federal revenue per year, according to the Government Accountability Office. The money, collected through a 9 cents-per-barrel tax on domestic crude oil and imported crude oil and petroleum products, constituted the main source of revenue for the Oil Spill Liability Trust Fund. The fund has at least $5.75 billion in reserve. Intended to help the government respond quickly to accidents on land or offshore, it was established in 1986 but only got a stable source of funding in the wake of the 1989 Exxon Valdez spill. The Energy 202 newsletter Your daily guide to the energy and environment debate. The tax, which expired Sunday, had lapsed before but was renewed under the bipartisan 2005 Energy Policy Act. Federal officials recently had debated whether it should be expanded to apply to oil sands products. Although GOP leaders opted not to renew the tax in December, they are considering reinstating it retroactively in an “extendersR A White House official did not respond to a request for comment Thursday. Environmentalists called the tax lapse another industry victory under President Trump at the expense of people and wildlife located near sites susceptible to spills. “We see it as illustrative of the way in which Trump and the GOP continue to push giveaways for corporate polluters at any cost,” said Lukas Ross, a climate and energy campaigner at Friends of the Earth. “They had a tax bill that disproportionately benefited the fossil fuel industry, and then they allowed a $500 million-a-year tax on that same industry to expire.” But Randall Luthi, who represents offshore operators as president of the National Ocean Industries Association, suggested in an email that the tax was not critical at the moment. The cleanup trust fund “has never run out of money, nor will it in the near future,” he said. Congressional Democrats, none of whom were at the negotiating table when Republicans hashed out the tax overhaul, are vowing to try to reinstate the oil tax. “The Oil Spill Liability Trust Fund ensures that when there is a spill, American taxpayers are not left holding the bag to clean up Big Oil’s mess,” Sen. Edward J. Markey (D-Mass.), who as a House member chaired hearings on the 2010 BP Deepwater Horizon oil spill, said in a statement. “We should have a robust trust fund — not just trust that oil companies will do nothing wrong — in case a disaster like the BP spill happens again.” Sens. Lisa Murkowski (Alaska) and Maria Cantwell (Wash.), respectively the top Republican and Democrat on the Senate Energy and Natural Resources Committee, have put forward a bill updating the 2005 energy law. Their proposal does not contain any tax provisions, however. An extender package that Senate Finance Committee Chairman Sen. Orrin G. Hatch (R-Utah) introduced just before Christmas would reinstate the per-barrel tax as of Jan. 1 and push its expiration date to the end of 2018. “Discussions on how tax extenders should be addressed are ongoing,” committee spokeswoman Julia Lawless said in an email. Oil and gas industry representatives have indicated that they would welcome changes to how revenue is collected for the trust fund. The American Petroleum Institute, the industry’s largest lobbying group, opposes renewal of the per-barrel tax. The National Ocean Industries Association has proposed altering the way the fund is replenished. “It would make sense for Congress to debate on whether the amount in the fund is currently enough to cover future spill removal and cleanup costs,” Luthi said, adding that lawmakers also could consider whether to establish a cap for the fund or a floor that would trigger the tax’s return. The U.S. Coast Guard, which administers the fund, has a poor record of getting companies involved in a spill to repay money spent as part of the cleanup. In 2015, the GAO found that responsible parties were billed $272 million between 2011 and 2013 but that only $39 million was recovered. The trust fund was heavily tapped after the Deepwater Horizon disaster, which released more than 200 million gallons of oil into the Gulf of Mexico. A fifth of the $5.5 billion in fines BP paid after the accident for violations of the Clean Water Act went to the fund. Collin O’Mara, president and chief executive of the National Wildlife Federation, said he is optimistic that bipartisan support in the House and Senate will be strong enough to renew the tax. But he questioned why the administration would curtail response funds and alter safety rules at a time when it is pushing to expand oil and gas exploration on land and offshore. “It’s indicative of a mind-set that safety’s a secondary concern,” O’Mara said Thursday. Read more: Trump administration plan would widely expand drilling in U.S. continental waters Trump administration to overhaul safety-monitoring rules for offshore drilling Juliet Eilperin is The Washington Post's senior national affairs correspondent, covering how the new administration is transforming a range of U.S. policies and the federal government itself. She is the author of two books—one on sharks, and another on Congress, not to be confused with each other—and has worked for the Post since 1998. Follow @eilperin Dino Grandoni is an energy and environmental policy reporter and the author of PowerPost's daily tipsheet on the beat, The Energy 202. Follow @dino_grandoni | sarkasm | |
05/1/2018 11:23 | I WONDER WHAT SORT OF INSURANCE COST THERE MIGHT BE TO COVER BP TYPE DISASTERS WILL THERE BE AN EXTRA DISASTER TAX OR A SPECIAL FUTURE DISASTER FUND SET UP AS ALWAYS TIME WILL TELL | waldron | |
04/1/2018 22:29 | Better Buy: ConocoPhillips vs. BP These oil industry titans have a lot in common. Which is most likely to outperform? John Bromels (TMFTruth2Power) Jan 4, 2018 at 2:16PM As 2018 begins, the oil and gas industry seems to be caught in an upward trend for a change. Oil prices are rising, and so are company share prices. Take, for instance, British oil major BP (NYSE:BP) and U.S. independent producer ConocoPhillips (NYSE:COP). Both have seen double-digit share price increases in the past year, with BP and Conoco both higher by about 12%. The companies' managements have high hopes for 2018. Let's compare these companies on three metrics to try to determine which is the better buy heading into the new year. A row of pump-style oil wells in a desert landscape BP and Conoco shares have been outperforming the S&P for the past six months. Is this the start of a trend? Image source: Getty Images. Dividend: more than yield A dividend is an important piece of the value equation for an oil and gas company, and luckily for investors, both BP and Conoco reward shareholders through dividends. But BP's yield is fully three times what Conoco is yielding: 5.7%, to Conoco's 1.9%. Both yields have dropped a bit as the companies' stock prices have risen, but that's still a huge difference. It's not all about current yield, though. A company's payout history is important, too, and both of these companies have slashed their dividends in recent memory. BP, of course, was forced to cut its payout in the wake of the Deepwater Horizon oil spill in the Gulf of Mexico in 2010. ConocoPhillips cut its dividend by nearly two-thirds more recently, in 2015 as a result of the oil price slump. So neither company is a stranger to a cut, and both have had a spotty history in recent quarters as far as dividend coverage is concerned. Given these similarities, the superiority of BP's yield has to carry the day. Winner: BP. Returns: an unfair advantage Metrics such as return on capital employed (ROCE), return on invested capital (ROIC), and return on equity (ROE) measure how successful a company's management has been in deploying investors' cash. And in all three of these metrics, you'll notice something very different about BP's numbers vs. Conoco's: Metric BP Conoco ROCE 3.8% (3.6%) ROIC 2.4% (4.2%) ROE 4% (7.4%) Data source: YCharts. All figures on a trailing-12-month basis. Chart by author. BP's return metrics are all positive, while Conoco's returns are all negative. That would seem to indicate that BP's management has been doing a far better job of managing the company's capital than Conoco's has. But those numbers don't tell the whole story. As an independent oil and gas exploration and production company, Conoco's business was hit particularly hard by the oil price downturn. While the larger BP had a profitable downstream refining and marketing business to help buoy the company's finances, Conoco did not. So while both companies' returns have taken a hit since 2014, Conoco's were hit far harder. Both companies have improved their returns since mid-2016, but Conoco has had a deeper hole to climb out of. In other words, this may say less about Conoco's management than it does about the inherent strength of diversification at BP. Still, whether it's coming from better management, a better business model, or luck of the draw, BP still comes out ahead in this category. Winner: BP. Powered By Plans: what to expect Past returns and current yield can only tell us so much, though. Investors should also consider what these companies are planning for the future. Conoco is definitely looking to turn the page on an unprofitable couple of years. The company has made big strides since 2015 to right its business model, selling off underperforming Canadian assets and introducing a shareholder-friendly business plan. It's hoping to grow its dividend, buy back shares, and continue reducing its debt. Those plans have already been rewarded, as the market has bid up the company's stock by about 25% in the past six months alone. But BP has big plans, too, recently announcing plans to restart its share-buyback program, making it the first of the oil majors to do so. It's seeing big production gains from some major projects it began in 2017, including big gas projects in Egypt and offshore Trinidad, which should also pay off for investors. This one's a tough call, but I'm going to give it to Conoco because of the level of detail in its plan. Winner: ConocoPhillips. A lopsided contest BP has by far the better dividend yield and return metrics, and a comparable plan to reward shareholders in the future. And while it's tough to compare the companies' valuations because of recent gaps in positive quarterly earnings or positive quarterly free cash flow, BP's enterprise value-to-EBITDA ratio -- another valuation metric -- is more favorable than Conoco's on both a forward and trailing basis. In light of all that, BP is clearly the better buy right now. That said, it's entirely possible that Conoco will flawlessly execute its plan while BP stumbles. And, of course, there's always the possibility that some unforeseen event -- a la Deepwater Horizon -- could come along and derail either company. Oil and gas investors should keep an eye on both companies, but for those buying in now, BP looks like the best bet. | the grumpy old men | |
04/1/2018 17:49 | BP, Copersucar get antitrust approval for ethanol terminal JV in Brazil Sugar cane. Author: Daniel Ramirez. License: Creative Commons. Attribution 2.0 Generic January 4 (Renewables Now) - Brazilian antitrust regulator Cade has approved a joint venture (JV) between BP Biofuels and Copersucar SA, according to an announcement in the country's official journal on Thursday. BP Biofuels, part of oil major BP plc (LON:BP), and Copersucar, the Brazilian sugar and ethanol trader, in November announced a deal to create a 50/50 JV to own and operate an ethanol storage terminal in Brazil. The terminal, in operation since September 2014, is located in Paulinia in the state of Sao Paulo and was until now solely owned by Copersucar. It has 10 tanks with storage capacity of 180 million litres (47.6 million gallons) of ethanol and can move around 2.3 billion litres annually. BP Biofuels said in November the JV will allow it to expand its commercial presence in Brazil, while Copersucar said the partnership will optimise ethanol logistics. | sarkasm | |
04/1/2018 14:58 | Like an old pair of slippers.... Barclays Capital Overweight 529.15 675.00 675.00 Reiterates | skinny | |
04/1/2018 11:38 | broker ratings BP plc 30% Potential Upside Indicated by Barclays Capital Posted by: Amilia Stone 4th January 2018 BP plc using EPIC/TICKER code (LON:BP) had its stock rating noted as ‘Reiterates BP plc has a 50 day moving average of 508.46 GBX and a 200 day moving average of 474.57. There are currently 19,694,995,169 shares in issue with the average daily volume traded being 24,498,059. Market capitalisation for LON:BP is £102,551,842,2 | waldron | |
04/1/2018 09:28 | Keeps nudging 530...will it break through today? | optomistic | |
03/1/2018 14:59 | Here we go again.... | skinny | |
03/1/2018 12:55 | Extended my long position this afternoon. | alphorn | |
02/1/2018 19:18 | How Will BP's Shareholders Benefit From The New Tax Bill? January 02, 2018, 01:17:26 PM EDT By Trefis Team, Trefis Shutterstock photo The year 2017 has ended on a good note for the US corporate sector with the passing of the new tax act in the country. The new law not only entails the reduction of corporate tax from 35% to 21%, it also includes a number of other provisions that will particularly favor the oil and gas industry in the US. As a result, most of the oil and gas companies are likely to witness a surge in their valuation with the implementation of the new tax bill. In our previous analysis, Here's How The GOP Tax Cut Will Impact BP's Valuation , we had discussed how the reduction in corporate tax rate will impact BP's valuation in the coming years. In this note, we aim to talk about the benefit that the recent tax cut will have on BP's shareholders in the next few years. See Our Complete Analysis For BP Plc. Here Lower Tax Would Boost Profitability The US oil and gas industry has been suffering from low profitability and cash flows over the last three years due to the ongoing commodity slowdown. In fact, a number of these companies have been making losses, which helped them to dodge the payment of heavy taxes in the last couple of years. However, with the anticipated recovery in commodity markets, the profitability of these companies is expected to improve, causing them to pay higher taxes compared to the previous two years. That said, the reduction of the corporate tax rate from the existing 35% to around 21% would result in a lower tax obligation for these companies, which is expected to boost their profitability going forward. Keeping this in mind, we expect BP's net earnings to increase sharply starting in 2018. This would not only augment the company's stock price, causing capital appreciation for the investors, but will also free up cash for the company to grow its dividend payouts or to expand its share buyback program. Besides, the integrated company could also utilize these tax savings to prepay its debt obligations and reduce its interest expenses, which would further improve its profits going forward. Thus, we figure that the tax cut will bolster BP's profitability as well as valuation, which will, in turn, generate higher returns for its shareholders. Further, an effective use of these tax savings will be to allow the company to further enhance shareholder value going forward. Incremental Gain From MLP Apart from drastically reducing the tax burden for oil and gas companies, the new tax plan provides for some concessions that will further boost their returns. The new law provides for a 20% business income deduction for individuals holding ownership in pass-trough entities, such as master limited partnerships (MLPs). At present, an MLP is a corporate vehicle, popularly used by oil pipeline companies and real estate companies, that allows parent companies to receive a large portion of the MLP's earnings without paying taxes on it. These distributions are taxed on an individual level rather than on a corporate level. Without this special concession, the individuals receiving income from any of these pass-through entities would have to pay a tax of 37%, based on the personal tax rate under the new law. However, with the provisions of the new act, these individuals would receive a 20% deduction on their pass-through income before paying their taxes. Interestingly, BP had recently spun-off its midstream business to form an MLP, known as BP Midstream Partners ( BPMP ) to independently run its pipeline business, while taking advantage of a tax efficient structure of an MLP. Now, with the implementation of the new tax bill, we expect BP's shareholders to save taxes on their income from BPMP, which will, in turn, enhance their overall return from the company. Thus, we figure that the tax reforms implemented by the Trump government are likely to be beneficial for BP, as well as its shareholders, in the coming years. | the grumpy old men | |
02/1/2018 13:08 | Good afternoon Bracke, and a very happy and prosperous New Year to you :-) You are so correct of course re the directors, we must not begrudge them a few tiny perks, after all it's only 42 million shares... | optomistic |
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