Bp Share Discussion Threads

[optomistic] 08/8/2018 17:09

Earlier today it looked like the gain may almost cover the x/d mark down...but in the end it let us down. All down to what happens at the open now.

[waldron] 08/8/2018 14:26

CHUCKLE

IF TRUE OF BP, WHAT CAN WE EXPECT FROM OTHER OIL MAJORS

ONE CAN DREAM OF FOOLISH THINGS FORE THEY MIGHT COME TRUE




Is the BP share price set to rise to 1,000p?

Peter Stephens | Wednesday, 8th August, 2018 | More on: BP PAGE
Image source: Getty Images.

Having gained 23% in the last year, BP (LSE: BP) has clearly become a more popular share among investors. The stock has experienced a sudden rise which follows a period of intense challenges, with a lower oil price and the 2010 oil spill having weighed on its performance for a number of years.

Looking ahead, the stock could deliver impressive total returns. It still seems to be relatively cheap and may be worth buying alongside a FTSE 250 stock which reported positive news on Wednesday.

1,000p per share?

With BP trading at 580p per share at the present time, 1,000p…

[florenceorbis] 07/8/2018 23:49

BP report is disturbing news on global warming Google PlusGmailPinterestLinkedin Bhamy V Shenoy Bhamy V Shenoy, Aug 08 2018, 00:19am ist updated: Aug 08 2018, 00:35am ist The latest report, published in June, reveals that c...

Read more at:

[waldron] 07/8/2018 17:50

Total
55.96 +1.84%

Engie
13.49 +0.63%

Orange
14.685 +0.69%



FTSE 100
7,718.48 +0.71%
Dow Jones
25,668.48 +0.65%
CAC 40
5,521.31 +0.81%



Brent Crude Oil NYMEX 74.41 +1.02%
Gasoline NYMEX 2.09 +1.41%
Natural Gas NYMEX 2.89 +1.08%


BP
576.3 +1.68%



Shell A
2,593 +1.25%



Shell B
2,629.5 +1.04%

[zztop] 07/8/2018 15:24

Buying ahead of xd?

[veryniceperson] 07/8/2018 14:35

Nice rise today guys. Making in up for the down days. 625 by Christmas doing very well (pardon the pun).

[waldron] 06/8/2018 17:36

Total
54.95 +0.31%


Engie
13.405 -0.33%

Orange
14.585 -0.21%

FTSE 100
7,663.78 +0.06%
Dow Jones
25,482.61 +0.08%
CAC 40
5,477.18 -0.03%


Brent Crude Oil NYMEX 74.08 +1.08%
Gasoline NYMEX 2.07 +0.26%
Natural Gas NYMEX 2.85 +0.11%



BP
566.8 +1.12%


Shell A
2,561 +0.65%


Shell B
2,602.5 +0.17%

[largeronald] 06/8/2018 16:11

Are these the lawyers who paid the porn star off?

[buywell3] 06/8/2018 12:35

........... Trump told May to sue the EU ...............


It will soon become apparent that article 50 will make the UK electorate see that Trump gave May wise council

However as May would not have been employed as Mrs T's tea lady , let alone No 10 sweeper up , she has not the nous to understand that what Trump was passing on was expert legal advice from some of the top USA lawyers , experts at what America does best

Sue the @rse of anything they can.

In the case of the EU, they deserve to be taken to the cleaners , where May works weekends I believe.

[waldron] 06/8/2018 07:55

Cheers alp

apparently saracens reckons the oil majors overvaluing their oil reserves

COULD NOT GET FULL ARTICLE

enjoy your day and week

[alphorn] 05/8/2018 20:51

Intriguing header in the FT:

"Call for big oil groups to reveal crude-peak risk. Asset manager warns of long-term threat to viability of the industry".

[waldron] 03/8/2018 17:23

Total
54.78 -0.31%

Engie
13.45 +0.07%

Orange
14.615 +0.90%


FTSE 100
7,659.1 +1.10%
Dow Jones
25,405.01 +0.31%
CAC 40
5,478.98 +0.33%


Brent Crude Oil NYMEX 72.95 -0.60%
Gasoline NYMEX 2.07 +0.28%
Natural Gas NYMEX 2.86 +1.38%



BP
560.5 +0.77%

Shell A
2,544.5 +0.51%

Shell B
2,598 +0.52%

[optomistic] 02/8/2018 18:52

I know that cliveb, these drops make it look as though they are having more x/d days than the official one ;-)))

[cliveb] 02/8/2018 18:34

No Opto, X/D on the 9th

[waldron] 02/8/2018 17:09

Total
54.95 -0.96%

Engie
13.44 -0.74%

Orange
14.485 -0.69%


FTSE 100
7,575.93 -1.01%
Dow Jones
25,237.48 -0.38%
CAC 40
5,460.98 -0.68%

Brent Crude Oil NYMEX 73.37 +1.06%
Gasoline NYMEX 2.07 +0.92%
Natural Gas NYMEX 2.83 +2.95%




Shell A
2,531.5 -1.48%


Shell B
2,584.5 -1.39%

556.20-7.00 (-1.24%)BP

[la forge] 02/8/2018 13:55

The Winners And Losers This Earnings Season
By Tsvetana Paraskova - Aug 01, 2018, 5:00 PM CDT Oil jack

Higher oil prices this year boosted the earnings of all five Big Oil firms in the second quarter, but despite the increased profits, not all five oil supermajors—Exxon, Chevron, Shell, BP, and Total—fared equally as well in Q2, and clear winners and losers emerged from the earnings reports this past week.

The three European majors fared better than the two U.S. oil companies.

Among Europe’s Big Oil, BP and Total beat profit forecasts, while Shell’s earnings fell short of analyst expectations. Shell, however, announced the launch of a much-anticipated share buyback program.

The two U.S. supermajors disappointed with earnings below estimates, but Chevron—unlike Exxon—was spared the wrath of investors and the stock market after it also announced share repurchases.

Last week, France’s Total reported a 44-percent increase in second-quarter net profit on the back of record-high quarterly oil and gas production. Total beat analyst estimates, and said that its upstream is well positioned to take advantage of the rising oil prices as it expects production to grow by more than 7 percent this year.

Of the five Big Oil firms, Total’s shares rose the most on the day of its Q2 results announcement, a sign that investors and shareholders liked what they saw in the second-quarter performance and outlook for the rest of the year.

BP also pleased investors when it reported on Tuesday quadrupled second-quarter earnings from a year ago and announced the first dividend increase since the oil prices started crashing in 2014.
Related: Coke, Meth And Booze: The Flip Side Of The Permian Oil Boom

Last week BP had its investors briefly worried that it would break its financial framework when it announced a US$10.5-billion acquisition of U.S. shale assets from BHP, BP’s chief executive Bob Dudley told Bloomberg television. But the company assured investors that it would stick to its US$15-17 billion capital budget frame, divest other assets to offset the cost for the BHP deal, and increase distribution to shareholders, Dudley said. BP continues to plan budgeting at oil prices in the $50-65 a barrel range, rather than these higher prices, Dudley said, reiterating Big Oil’s favorite adjective to describe capital spending these days: disciplined.
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The third European major of Big Oil’s five—ShellR12;reported lower-than-expected profits for Q2, but on the bright side, it announced a share buyback program of at least US$25 billion in 2018-2020, subject to further progress with debt reduction and oil price conditions.

“Our financial framework remains unchanged. Our free cash flow outlook and the progress we have made to strengthen our balance sheet give us the confidence to start our share buyback programme,” Shell’s chief executive Ben van Beurden said.

Shell’s shares fell the most among Big Oil’s on the day of its earnings and share repurchase announcement, as the focus on debt reduction could mean a slower start to share buybacks.

Apart from Shell, investors also punished Exxon on the day of its Q2 results release. Exxon disappointed, for yet another quarter, after missing again analyst expectations, and reporting its lowest production in a decade. Investors and analysts were disappointed not only by the earnings miss, but also by the lack of any share buyback announcement or hint for such.
Related: PetroChina Sees Huge Boost In Profit

The other U.S. supermajor, Chevron, also missed earnings estimates, but announced last Friday much-awaited share repurchases, and saw its shares rise despite the profit miss.

Despite the rallying oil prices over the past year, shares in Big Oil companies have not risen as much as the price of oil, and have been lagging—and in some cases like Exxon significantly underperforming̵2;broader market indexes and energy-heavy exchange traded funds (ETFs). According to Bloomberg data, BP has shown the biggest average annual returns of nearly 11 percent, while Exxon’s have been a negative 1.25 percent.

Although profits are surging and buybacks are being announced or already carried out across the board, Big Oil still has work to do (and cash to distribute) to convince shareholders they are still a ‘world-class investment case’ as Shell’s van Beurden says about the company he leads.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

[optomistic] 02/8/2018 10:27

Have we gone x/d twice in the last two days :-/
Skinny 705 seems a long way from here, but good of Barclays to try to cheer us up.

[waldron] 01/8/2018 18:26

Total
55.48 -0.68%

Engie
13.54 -1.99%

Orange
14.585 -0.21%

FTSE 100
7,652.91 -1.24%
Dow Jones
25,388.11 -0.11%
CAC 40
5,498.37 -0.23%


Brent Crude Oil NYMEX 72.54 -2.05%
Gasoline NYMEX 2.05 -1.42%
Natural Gas NYMEX 2.77 -0.29%

2,621.00-50.50 (-1.89%)RDSB

2,569.50-45.50 (-1.74%)RDSA


563.20-10.10 (-1.76%)BP

[waldron] 01/8/2018 18:26

Total
55.48 -0.68%

Engie
13.54 -1.99%

Orange
14.585 -0.21%

FTSE 100
7,652.91 -1.24%
Dow Jones
25,388.11 -0.11%
CAC 40
5,498.37 -0.23%


Brent Crude Oil NYMEX 72.54 -2.05%
Gasoline NYMEX 2.05 -1.42%
Natural Gas NYMEX 2.77 -0.29%

2,621.00-50.50 (-1.89%)RDSB

2,569.50-45.50 (-1.74%)RDSA


563.20-10.10 (-1.76%)BP

[skinny] 01/8/2018 12:43

UBS Buy 564.15 610.00 - Unchanged

Barclays Capital Overweight 564.15 705.00 - Reiterates

[waldron] 01/8/2018 08:34

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (August 1, 2018).

LONDON -- BP PLC on Tuesday said second-quarter profit jumped, as higher oil prices helped the company push its ambitious growth plans.

The London-based energy producer said its replacement cost profit -- a metric analogous to the net income that U.S. oil companies report -- tripled from last year's second quarter to $1.8 billion.

After years of cost-cutting and financial restructuring when crude prices slumped, BP and other big oil companies are benefiting from a recovery in the market. Oil prices are up more than 10% since the start of the year, leading to higher profit and cash flow for producers.

Brent crude prices averaged nearly $75 a barrel from April to June, compared with an average of roughly $50 a barrel in the same three months last year.

BP's production in the first half rose 3% from a year earlier, delivering on a strategy to return to its former size by the early 2020s.

"I can't remember when it has looked this good," BP Chief Executive Bob Dudley said.

Last week, the company announced a $10.5 billion deal to acquire some of the hottest assets in U.S. shale country. The acquisition marked BP's biggest in nearly 20 years and signaled the company's growing confidence. At the same time, it said it would increase its dividend for the second quarter by 2.5%.

BP is on track with its plan to restore growth following years of retrenchment in the wake of the Deepwater Horizon blowout in the Gulf of Mexico eight years ago.

Still, penalties related to the 2010 disaster remain a financial drag. BP's landmark $20 billion settlement with the U.S. government in 2015 requires the company to make annual payments of around $1 billion through the end of the next decade. Payments in 2018 are expected to total just over $3 billion after tax.

BP caps off a mixed earnings season for the world's biggest oil companies. The likes of Exxon Mobil Corp., Chevron Corp. and Royal Dutch Shell PLC all posted sharply higher profit, but for the most part failed to impress investors who had expected even bigger windfalls.

Write to Sarah Kent at [e-mail]



(END) Dow Jones Newswires

August 01, 2018 02:47 ET (06:47 GMT)