Bp Share Discussion Threads

[stever705] 30/10/2018 08:27

BP today announced an interim dividend of 10.25 cents per ordinary share which is expected to be paid on 21 December 2018 to ordinary shareholders and American Depositary Share (ADS) holders on the register on 9 November 2018.

[toon1966] 30/10/2018 08:23

zztop - suggest you read skinny's post...

[zztop] 30/10/2018 08:16

Whats the divi?

[grupo] 30/10/2018 07:55

Energy giant BP says 3Q earnings more than double
7 minutes ago

LONDON (AP) — Energy giant BP says third-quarter earnings more than doubled as it reaped the benefits of higher oil prices and streamlined operations.

Underlying replacement cost profit jumped to $3.84 billion, the highest quarterly figure in five years, from $1.87 billion in the same quarter last year. The figure, which excludes one-time items and fluctuations in the value of inventories, is the industry’s preferred gauge of earnings.

Net income rose 89 percent to $3.35 billion.

Oil companies are profiting after they cut costs and sold assets to adjust to an era of lower oil prices when crude dropped below $30 a barrel in January 2016. Brent crude averaged $75.16 a barrel for the most recent quarter — 44 percent higher than a year earlier.

[skinny] 30/10/2018 07:53

Highlights

Strong earnings driven by high reliability and major project delivery

• Strong earnings and cash flow:

- Underlying replacement cost profit for the third quarter of 2018 was $3.8 billion, more than double a year earlier and the highest quarterly result in more than five years, including significant earnings growth from the Upstream and Rosneft.

- Operating cash flow excluding Gulf of Mexico oil spill payments for the quarter was $6.6 billion, including a $0.7 billion working capital build (after adjusting for inventory holding gains).

- Gulf of Mexico oil spill payments in the quarter were $0.5 billion on a post-tax basis.

- Dividend of 10.25 cents a share for the third quarter, 2.5% higher than a year earlier.

• Strong operating performance:

- Very good reliability, with the highest quarterly refining availability for 15 years and BP-operated Upstream plant reliability of 95%.

- Reported oil and gas production was 3.6 million barrels of oil equivalent a day. Upstream underlying production, which excludes Rosneft and is adjusted for portfolio changes and pricing effects, was 6.8% higher than a year earlier, driven by ramp-up of new projects. Rosneft production of 1.2 million barrels of oil equivalent a day was 2.8% higher than last year.

• Strategic delivery:

- The Thunder Horse Northwest expansion project in the Gulf of Mexico and the Western Flank B project in Australia began production in October, both ahead of schedule. They are BP's fourth and fifth Upstream major projects to start up in 2018.

- Further expansion in fuels marketing, with now around 1,300 convenience partnership sites worldwide and network growth in Mexico.

• BHP transaction:

- The acquisition from BHP is expected to complete on 31 October.

- Reflecting confidence in cash generation and continued capital discipline, and assuming oil prices remain firm in the recent trading range, BP now expects to fund the entire transaction from available cash, rather than using equity for the deferred consideration. In this case, proceeds from the associated $5-6 billion of divestments will be used to reduce net debt.

more.....

[eentweedrie] 30/10/2018 07:37

3rd qtr NP came in at $3.8b as opposed to analyst expectations of $3.013b...need i say more?

[gbh2] 30/10/2018 07:33

The figures look good to me, looking forward to comments from those with more experience of BP's results in comparison to what was expected?

[eentweedrie] 30/10/2018 07:23

excellent results

[ny boy] 29/10/2018 17:31

Closed just above 535p support, let’s see what tomorrow’s results bring

[waldron] 29/10/2018 17:08

Total
50.98 +0.69%


Engie
11.47 +0.00%

Orange
13.71 +0.18%

FTSE 100
7,034.89 +1.37%
Dow Jones
24,798.29 +0.45%
CAC 40
4,989.35 +0.44%

Brent Crude Oil NYMEX 77.54 -0.28%
Gasoline NYMEX 1.83 +0.78%
Natural Gas NYMEX 3.18 -2.22%




BP
535.2 +1.34%

Shell A
2,428 +0.62%


Shell B
2,469.5 +0.71%

[adrian j boris] 29/10/2018 11:59

Keyword
Company
EPIC/TIDM
SEDOL/ISIN
News

Subscribe Follow

Broker Forecast - Credit Suisse issues a broker note on BP PLC
By BFN News | 09:40 AM | Monday 29 October, 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 665p (from 640p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

[waldron] 29/10/2018 10:32

e » Reports » Broker Ratings » BP plc 25.7% Potential Upside Indicated by Credit Suisse
broker ratings
BP plc 25.7% Potential Upside Indicated by Credit Suisse

Posted by: Charlotte Edwards 29th October 2018

BP plc with EPIC/TICKER (LON:BP) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OUTPERFORM217; this morning by analysts at Credit Suisse. BP plc are listed in the Oil & Gas sector within UK Main Market. Credit Suisse have set a target price of 665 GBX on its stock.

[ny boy] 29/10/2018 08:15

No brainer this one imo, nice pull back from 600p, great divi, results should be impressive, ex divi 08 Nov,I was buying on Friday.

[waldron] 27/10/2018 11:12

Close
BP, Unilever and Volkswagen among firms facing investor challenge over climate change policy

Some of the world's biggest companies have been called on to consider their links to lobbying organisations which might not be complying with the Paris Agreement on climate change

Caitlin Morrison
@citycait
11 hours ago
1 comment

Click to follow
The Independent

Some of the world’s biggest companies are being challenged over their stance on climate change by a group of influential investors, which includes the Church of England Pensions Board.

Firms including BP, Rio Tinto and Volkswagen, are facing calls to reconsider their ties to lobbying organisations whose climate change policies do not match up to the targets set out by the Paris Agreement.

Investors have written to 55 companies in total, asking them to “review the lobbying positions being adopted by the organisations of which you are a member”, particularly any groups which might oppose progressive climate change policies.

Some of the other businesses that have been approached include Unilever, Nestle and Rolls-Royce.

The 55 firms have been chosen due to their high greenhouse gas emissions and “significant role in energy intensive sectors”, investors said, and the decision to take action on “back-doorR21; lobbying comes weeks after the UN’s Intergovernmental Panel on Climate Change (IPCC) warned that greenhouse gas emissions must be cut almost in half by 2030 to avert global environmental catastrophe.
Read more

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Government urged to act fast on climate change after UN warning

Under current climate commitments by world leaders, the Earth will be 3C warmer by the end of the century, according to the IPCC’s report.

However, the worst effects of global warming - including the total loss of every coral reef, the disappearance of Arctic ice and the destruction of island communities - will only be avoided if the global temperature increase stays below 1.5C, a figure the scientists think will be exceeded within around 20 years.

Adam Matthews, director of ethics & engagement, Church of England Pensions Board, said: “Misleading and misaligned corporate lobbying practices undermine the ability of governments to act on climate change and meet the goals of the Paris Agreement. The influence of trade associations is often exerted behind closed doors and can be deeply insidious to public policy making on climate change.
Support free-thinking journalism and subscribe to Independent Minds

“As the recent report from the IPCC clearly highlighted, the stakes are high and time is against us. It is therefore right that investors are challenging Europe’s most high-emitting companies to ensure consistency in their lobbying practices.”

Stephanie Pfeiffer, chief executive of the Institutional Investors Group on Climate Change, said: “Long-term investors have a clear interest in the Paris Agreement being implemented to support the necessary transition to a low-carbon global economy. Shareholders should rightly expect companies in which they invest to advocate for the climate policy required for this to happen. This includes ensuring the trade bodies of which they are members are working to the same end.

[waldron] 26/10/2018 17:21

Total
50.63 -1.52%


Engie
11.475 -1.46%

Orange
13.685 -1.19%

FTSE 100
6,939.56 -0.92%
Dow Jones
24,614.31 -1.48%
CAC 40
4,967.37 -1.29%

Brent Crude Oil NYMEX 77.44 +1.04%
Gasoline NYMEX 1.82 +0.84%
Natural Gas NYMEX 3.19 -0.96%



BP
528.1 -1.38%


Shell A
2,413 -0.12%


Shell B
2,452 -0.71%

[hellscream] 26/10/2018 11:48

dollar company..

[skinny] 26/10/2018 11:42

UBS Buy 517.92 610.00 Unchanged

[optomistic] 26/10/2018 08:23

Yesterday DOW up 400 today BP down 6...seems no co-relation between the two right now.
Fundamentals absolutely sound, divi very rewarding, oil @ $76.
Seems an impossible task forecasting the movement of BP...just a guess and a prayer!

edit down 8p
" " 9p+
just going one way it seems this morning!

[hellscream] 26/10/2018 05:27

true bili, don't tell that to the bbc, there charts start in 2009. we're in a bubble!!

just compare us to the housing market for a true picture. (something that the government halve nationalised) cant believe we live in a day of age where you need two mortgages to buy a house.

[hellscream] 26/10/2018 05:22

its funny that we drop 10p every time the dow drops 400pts, cant wait till they give us 10p up when reversed. (oh look theres a pig flying)