Bp Share Discussion Threads

[dov] 27/7/2018 08:41

Market not sold on this deal clearly

[garycook] 27/7/2018 07:47

Around 7.8p a Quarter at the present GBP/USD rate.Takes the yield on BP around 5.5%

[zztop] 27/7/2018 07:43

Uk price dividend?

[neilyb675] 27/7/2018 07:28

Boom

Big asset purchase from BHP in USA.

Divi increased to 10.25 cents.

[steve73] 27/7/2018 07:26

That's sneaky... hiding the dividend increase under a misleading title....

Dividend increasing slightly to 10.25ct...

[hellscream] 27/7/2018 04:09

wonder how hard were gonna get hit today.

[waldron] 26/7/2018 17:47

Total
54 +2.27%

Engie
13.81 +2.26%

Orange
14.3 +2.29%


FTSE 100
7,663.17 +0.06%
Dow Jones
25,555.64 +0.56%
CAC 40
5,480.55 +1.00%


Brent Crude Oil NYMEX 74.49 +0.59%
Gasoline NYMEX 2.11 +1.06%
Natural Gas NYMEX 2.76 +0.22%

BP
564.5 -0.27%

Shell A
2,576 -3.05%


Shell B
2,626.5 -3.61%

[optomistic] 26/7/2018 10:21

I see that Shell have brought out good results today accompanied with s huge buy back program...but divi remains unchanged. They always talk of increasing shareholder value, hopefully BP will consider putting some more money into the shareholders pockets more directly than the buy backs are doing.

[ariane] 26/7/2018 09:45

LONDON -- The world's biggest oil companies are on a winning streak of rising profits and soaring cash flow. Investors are expecting to reap the rewards.

Royal Dutch Shell PLC opened Big Oil's earnings period Thursday, nearly tripling its net profit in the second quarter from a year earlier. Shell said its quarterly profit on a current cost-of-supplies basis -- a number similar to the net income that U.S. oil companies report -- was $5.2 billion, up from $1.9 billion a year earlier.

While adjusted earnings excluding identified items came in below analysts expectations, the company said that rising profit, strong cash flow and falling debt levels have given it the confidence to launch an anticipated $25 billion share buyback program, rewarding investors for years of belt-tightening when oil prices were low.

French oil giant Total SA also reported a sharp increase in profit Thursday, benefiting from a healthy rise in oil prices and years of painful cost cutting. Though earnings from Norway's Equinor ASA, formerly known as Statoil, lagged behind expectations because of maintenance costs, the company has already raised its dividend this year.

Investors are paying attention. Shares in the group of European oil companies have in recent months been trading at their highest levels in years, though the market reaction Thursday was muted.

"The whole sector's gone through this three- or four-year transition to make the business model work at $50 a barrel and as soon as we got there the oil price shot up," said RBC analyst Biraj Borkhataria. "You're in the sweet spot."

The earnings mark a remarkable turnaround for an industry that has spent the past few years scrambling to convince investors it could fix a yearslong habit of profligate spending and replace it with a disciplined, low-cost business model. So far, Big Oil's new look seems to paying off. Though oil prices have nearly doubled since their 2016 low, the companies say they remain focused on lowering costs and rewarding shareholders.

Total said it brought down the oil price it needs to cover its spending to less than $25 a barrel in the second quarter. Profit jumped 83% in the quarter compared with a year earlier. The company used the spare cash to move toward fulfilling its promise to raise shareholder payouts 10% by 2020 and increase share buybacks.

"Discipline on spending is resolutely maintained," Chief Executive Patrick Pouyanne said in the results announcement.

Equinor emphasized that its slip in profit in the second quarter highlights the need to remain focused on costs.

Shares in Shell and Equinor dipped lower, while Total ticked higher in early London trading.

U.S. oil giants Exxon Mobil Corp. and Chevron Corp. are set to report their earnings Friday. BP PLC reports next Tuesday.

Write to Sarah Kent at [e-mail]



(END) Dow Jones Newswires

July 26, 2018 04:10 ET (08:10 GMT)

[waldron] 25/7/2018 17:41

Total
52.8 -0.13%

Engie
13.505 +0.37%

Orange
13.98 -0.50%

FTSE 100
7,658.26 -0.66%
Dow Jones
25,198.57 -0.17%
CAC 40
5,426.41 -0.14%


Brent Crude Oil NYMEX 74.11 +0.68%
Gasoline NYMEX 2.08 +0.63%
Natural Gas NYMEX 2.75 +0.99%


BP
566 -0.37%


Shell A
2,657 -0.52%


Shell B
2,725 -0.73%

[waldron] 24/7/2018 17:07

Total
52.87 +0.51%

Engie
13.455 -0.70%

Orange
14.05 -0.46%

FTSE 100
7,709.05 +0.70%
Dow Jones
25,242.16 +0.79%
CAC 40
5,434.19 +1.04%

BP
568.1 +0.21%


Shell A
2,671 +0.55%


Shell B
2,745 +0.75%



ICE Brent Crude (Sep'18) (@LCO.1:Intercontinental Exchange Europe)
[Export chart] + WATCHLIST
*Data is delayed | USD
Last | 4:53:01 PM BST Volume
73.84 +0.78 (+1.07%)

[waldron] 24/7/2018 14:44

Majors raking in cash so investors are asking: Now what?
By Kelly Gilblom and Kevin Crowley on 7/24/2018

LONDON and HOUSTON (Bloomberg) -- The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash.

After cutting billions of dollars of costs to survive the biggest downturn in decades, the majors are now riding a price rebound to generate enough cash to pay dividends and still have plenty left over. The big question is what they’re going to do with it.

Company bosses are at a crossroads. On the one hand, investors who stuck around during the price collapse want to see money returned through share buybacks. On the other, CEOs still have an eye on growth -- either through investments, acquisitions, or both. On either path, they would still have to maintain hard-earned discipline on spending.

“Rolling back a year ago, the narrative was around the sustainability of dividends. Now it’s about shareholder returns in excess of those dividends,” said Ryan Kauppila, a Boston-based fund manager at Putnam Investments, which manages $172 billion. “The market is still very focused on capital discipline. That doesn’t mean don’t spend, it means spend it well.”

Investors will be listening keenly as the major’s second-quarter earnings roll in starting July 26, when Royal Dutch Shell, Total, Equinor and Repsol report. Exxon Mobil, Chevron and Eni announce the next day, and BP on July 31.

These eight companies, and Galp Energia SGPS, will together have $8 billion of surplus cash in the second quarter even after stock repurchases, according to Royal Bank of Canada.

The hunt for growth has already started. BP has emerged as the front-runner to buy BHP Billiton’s onshore oil and gas operations in the U.S., and is competing with Shell and Chevron, according to people familiar with the sale process. BP’s offer, said to value the assets at about $9 billion, would make it the company’s biggest deal in years.

Meanwhile, BP’s stock has dropped 1.9% this month while its European rival Shell’s B shares in London have increased 0.5% and Total is up 0.6%. One reason: BP investors are worried the company will overspend and the purchase will “inhibit BP’s ability to increase shareholder return in the near future,” said Jean-Pierre Dmirdjian, an analyst at Raymond James Financial Inc.

Mixed Feelings

While blockbuster deals secure future reserves and production, shareholders have mixed feelings about big spending.

The industry has often been accused of losing control over costs when oil prices are high and profits are flowing. In the years of $100/bbl crude, they spent billions drilling in the most remote and expensive-to-operate areas and built mega liquefied natural gas projects that took years to complete. Some of these LNG projects suffered cost blowouts and delays, and when they finally started up in the last couple of years, a global gas glut was driving prices and profits down.

“Our focus is to remain capital disciplined and our intent is to manage our costs,” Todd Levy, Chevron’s president for Europe, Eurasia and the Middle East, said in an interview. The company plans to maintain spending at $18 billion to $20 billion a year to 2020 because the higher oil prices may not be here to stay, he said.

Also looming over oil-company bosses is the question about demand as the world transitions to a cleaner energy system.

Shell and BP predict oil consumption may flatline in the mid-2030s, while Equinor sees a scenario where that could happen in the late 2020s. This could be influencing decision-making, and mega fossil-fuel projects or expensive exploration are unlikely to find favor right now, according to Alasdair McKinnon, fund manager at Scottish Investment Trust, which owns Shell shares.

“A lot of people will be out there saying oil companies are doomed on a 10-year view,” he said. “They are dinosaurs, and there’s going to be some magical new energy in 10 years that will replace oil and gas.”

On the supply side, fresh flows of crude have been unleashed over the past 15 years through technological innovations in shale, deep water and oil sands.

“If you sampled 100 average investors of the supply and demand outlook for oil and copper out to 2030, your variance around oil would be significantly greater,” Kauppila said.

Meanwhile, the investor buzz-words are dividends, buybacks and projects that start generating profit quickly.

“I think they’ll remain very disciplined,” said Brian Youngberg, a St. Louis-based analyst at Edward Jones & Co., said of oil companies. “They’ve learned from the past, that increasing spending and pushing prices back down is like shooting yourself in the foot."

[andrewbaker] 24/7/2018 12:45

Close to its 5-year high: buyers from 2 (and maybe a bit more) years ago can get out now at a nice profit, but maybe the the price may run away from them, should they want to buy back in at a later date, and the consensus forecast is up; so perhaps buy more instead of taking profit?? ... which is what I have just done, after short reflection on my original thoughts.

[adrian j boris] 24/7/2018 07:12

EXTRACT


More recently, Australia’s ANZ and French bank Natixis came under the spotlight when both were embroiled in another case of alleged fraud involving warehouse receipts under a unit of commodities giant Glencore.

There is no complete information about how much money financiers are losing from such cheating cases, but banks and commodity firms are looking for a way to stop the practice once and for all. The answer, most say, is in developing a technology to accurately track goods.

A challenge, though, is getting companies to conform to one digital standard and building an ecosystem around it. That will require the buy-in of current trade participants including state-owned enterprises and regulators.

Plus, competition to be that chosen platform is stiff.

Oil and gas majors like BP and Royal Dutch Shell have already gotten into the act as part of a consortium that is developing a blockchain-based digital platform. The first trade on the system will take place in November, Platts reported.

"There's a full acceptance in the front office of any trading room in Singapore that blockchain will change not just how we trade, but potentially what we trade and who we trade with," said Iain Lawson, BP's head of structured products for the eastern hemisphere at a conference earlier this month organized by S&P Global Platts.

There are also the start-ups looking to win in the space, including the privately funded Arkratos, which said it operates on an “open blockchain" that will allow different parties to access its system.

[waldron] 23/7/2018 17:26

Total
52.6 +0.00%

Engie
13.55 +1.31%

Orange
14.115 +0.14%

FTSE 100
7,655.79 -0.30%
Dow Jones
25,039.39 -0.07%
CAC 40
5,378.25 -0.37%

Brent Crude Oil NYMEX 73.15 +0.22%
Gasoline NYMEX 2.05 +1.04%
Natural Gas NYMEX 2.69 -1.57%

BP
566.9 -0.07%

Shell A
2,656.5 +0.04%


Shell B
2,724.5 -0.02%

[waldron] 20/7/2018 17:38

Total
52.6 -0.53%

Engie
13.375 +0.26%

Orange
14.095 +0.28%

FTSE 100
7,678.79 -0.07%
Dow Jones
25,105.02 +0.16%
CAC 40
5,398.32 -0.35%


Brent Crude Oil NYMEX 72.87 +0.39%
Gasoline NYMEX 2.03 +0.72%
Natural Gas NYMEX 2.77 +0.04%



BP
567.3 -0.46%


Shell A
2,655.5 -0.23%

Shell B
2,725 -0.69%

[waldron] 19/7/2018 17:29

Total
52.88 -0.04%

Engie
13.34 -0.78%

Orange
14.055 -0.74%

FTSE 100
7,683.97 +0.10%
Dow Jones
25,134.05 -0.26%
CAC 40
5,417.07 -0.56%

Brent Crude Oil NYMEX 72.73 -0.40%
Gasoline NYMEX 2.01 -0.66%
Natural Gas NYMEX 2.76 +0.92%



BP
569.9 +1.37%

Shell A
2,661.5 +1.31%

Shell B
2,744 +1.24%

[the grumpy old men] 19/7/2018 10:14

Broker Forecast - Credit Suisse issues a broker note on BP PLC
By BFN News | 08:00 AM | Thursday 19 July, 2018

Factsheet BP PLC USD0.25 (BP.)


Credit Suisse today reaffirms its outperform investment rating on BP PLC (LON:BP.) and raised its price target to 640p (from 610p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

[waldron] 18/7/2018 17:45

Total
52.9 +0.28%

Engie
13.445 +0.37%

Orange
14.16 -0.28%

FTSE 100
7,676.28 +0.65%
Dow Jones
25,213.17 +0.37%
CAC 40
5,447.44 +0.46%

Brent Crude Oil NYMEX 72.65 +1.42%
Gasoline NYMEX 2.01 +1.22%
Natural Gas NYMEX 2.74 -0.26%



BP
562.2 +0.36%

Shell A
2,627 +0.63%


Shell B
2,710.5 +0.99%

[waldron] 17/7/2018 19:01

Total
52.75 -0.08%

Engie
13.395 -0.04%

Orange
14.2 -2.54%


FTSE 100
7,626.33 +0.34%
Dow Jones
25,129.76 +0.26%
CAC 40
5,422.54 +0.24%

Brent Crude Oil NYMEX 72.19 +0.31%
Gasoline NYMEX 1.99 +0.38%
Natural Gas NYMEX 2.74 -0.83%


BP
560.2 +0.48%


Shell A
2,610.5 +0.66%


Shell B
2,684 +0.43%