Bp Share Discussion Threads

[ps0u3165] 10/1/2019 07:14

BP Unlocks One Billion Barrels In Gulf Of Mexico With New Tech

[philanderer] 09/1/2019 18:11

WB , yes I agree. I've been buying small lots of BP every monday for the last two months :-)

[waldron] 09/1/2019 17:02

Total
47.83 +1.33%


Engie
13.235 +0.57%

Orange
13.73 -0.36%


FTSE 100
6,906.63 +0.66%
Dow Jones
23,897.96 +0.46%
CAC 40
4,813.58 +0.84%


Brent Crude Oil NYMEX 61.26 +4.33%
Gasoline NYMEX 1.42 +4.48%
Natural Gas NYMEX 3.00 +1.18%

WTI - 09/01 17:40:43
52.12 USD +4.37%



BP
522.9 +0.60%


Shell A
2,375.5 +0.70%



Shell B
2,395 +0.31%

[sarkasm] 09/1/2019 11:19

BP’s oil output from its Thunder Horse region will now double compared to output five years ago. The new technology utilized by BP meant it was able to analyze data from its Thunder Horse oil field in weeks instead of a year.

Bernard Looney, BP’s chief executive for production and exploration, said:

We are building on our world-class position, upgrading the resources at our fields through technology, productivity and exploration success.

BP also plans to spend $1.3 billion to develop its Atlantis field near New Orleans where it found a further 400 million barrels of oil. The giant is also reporting further new discoveries at its Manuel prospect, a site where Shell holds a 50% stake.
Time to Buy BP Stock? Analysts Say Yes

BP’s share price has risen steadily since the end of December and has fluctuated throughout today.
BP Share Price for the Last Six Months Source: TradingView

Analysts are increasingly positive on the British company. On Monday Goldman Sachs Group reissued a “buy” rating for BP stock. UBS Group reinstated its “buy” rating for the stock, and Raymond James upgraded to an “outperform221; rating on Tuesday.

Deutsche Bank reduced its price target but also set a “buy” rating. The consensus from analysts currently sits at 18 out of 32 providing a “buy” rating with just one expecting the stock to underperform.

Zacks Equity Research yesterday said that BP could beat its earnings estimates again. The company has set a recent trend of exceeding expectations. In the last two quarterly reports, it beat estimates by an average of over 16%.

[wbecki] 09/1/2019 11:15

@Phil,

Bp or Shell decent oil picks for sure.
Exxon too large, production slipping
Chevron also a decent option, as production rising, capex fallign as Gordon/Wheatstone investments completed but divi significantly lower than British pair.

Conoco a geared play.

Discloure:"Long Shell" - looking to nibble BP if get opportunity at my target price.

[philanderer] 09/1/2019 00:40

Analysts are increasingly positive on the British company. On Monday Goldman Sachs Group reissued a “buy” rating for BP stock. UBS Group reinstated its “buy” rating for the stock, and Raymond James upgraded to an “outperform” rating on Tuesday.

Deutsche Bank reduced its price target but also set a “buy” rating. The consensus from analysts currently sits at 18 out of 32 providing a “buy” rating with just one expecting the stock to underperform.

Zacks Equity Research yesterday said that BP could beat its earnings estimates again. The company has set a recent trend of exceeding expectations. In the last two quarterly reports, it beat estimates by an average of over 16%.

[letsmakesome] 08/1/2019 21:56

BP just discovered a billion barrels of oil in the Gulf of Mexicohttps://www.google.co.uk/amp/s/www.cnbc.com/amp/2019/01/08/bp-just-discovered-a-billion-barrels-of-oil-in-gulf-of-mexico.html

[john3v16] 08/1/2019 17:52

Odd how BP and Shell are both in the process of divesting themselves of upstream operations in Europe.

[waldron] 08/1/2019 17:22

Total
47.2 -0.21%


Engie
13.16 +1.08%

Orange
13.78 -2.96%


FTSE 100
6,861.6 +0.74%
Dow Jones
23,655.35 +0.53%
CAC 40
4,773.27 +1.15%


Brent Crude Oil NYMEX 58.82 +2.60%
Gasoline NYMEX 1.37 +2.28%
Natural Gas NYMEX 3.00 +1.97%


WTI - 08/01 18:02:32
49.87 USD +2.38%


BP
519.8 -0.19%


Shell A
2,359 -0.38%


Shell B
2,387.5 -0.06%

[waldron] 08/1/2019 15:26

BP PLC (BP) said Tuesday it plans a major expansion at the Atlantis field in the U.S. Gulf of Mexico.

The $1.3 billion Atlantis Phase 3 development will include a new subsea production system from eight new wells that will be tied into the current platform, 150 miles south of New Orleans. The project, scheduled to come onstream in 2020, is expected to boost production at the platform by an estimated 38,000 barrels of oil equivalent a day gross at its peak, BP said.

BP said a recent breakthrough in seismic imaging has identified 1 billion barrels of additional oil in place at Thunder Horse field. In addition, new discoveries near the BP-operated Na Kika platform provide additional development opportunities, the company said.



Write to Michael Dabaie at [e-mail]



(END) Dow Jones Newswires

January 08, 2019 10:01 ET (15:01 GMT)

[sarkasm] 08/1/2019 15:02

BP approves $1.3B Gulf of Mexico expansion

By Jordan Blum Published 8:13 am CST, Tuesday, January 8, 2019

The Atlantis photos were taken in September 2005 at the KOS (Kiewit Offshore Services) yard in Ingleside, Texas. The platform is complete now. HOUCHRON CAPTION (11/08/2005) SECBIZ COLORFRONT: ALMOST THERE: BP's Atlantis platform, shown recently at Kiewit Offshore Services' yard in Ingelside, will be in the Gulf soon. / handout

Photo: handout
The Atlantis photos were taken in September 2005 at the KOS (Kiewit Offshore Services) yard in Ingleside, Texas. The platform is complete now. HOUCHRON CAPTION (11/08/2005) SECBIZ COLORFRONT: ALMOST THERE: BP's Atlantis platform, shown recently at Kiewit Offshore Services' yard in Ingelside, will be in the Gulf soon.

BP said Tuesday it will spend $1.3 billion to expand its Atlantis development in the Gulf of Mexico as the British energy major continues to emphasize U.S. growth both onshore and off.

The Atlantis Phase 3 development will involve building a new subsea production system that will tie eight new wells into the existing Atlantis platform, which first start producing oil in 2007.

BP, which is the Gulf's largest oil producer, credited its breakthroughs in advanced seismic imaging that revealed an additional 400 million barrels of oil in place at the Atlantis field, which is about 150 miles south of New Orleans.

BP plans to bring the project online in 2020 to churn out an extra 38,000 barrels a day.

Nearby, BP already is building the $9 billion Mad Dog Phase 2 project that includes a new offshore platform.

"BP's Gulf of Mexico business is key to our strategy of growing production of advantaged high-margin oil," said Bernard Looney, BP's Upstream chief executive. "And these fields are still young – only 12 percent of the hydrocarbons in place across our Gulf portfolio have been produced so far. We can see many opportunities for further development ... through the middle of the next decade and beyond."

RELATED: BP targets Texas for American comeback

BP owns 56 percent of the Atlantis project with Australian partner BHP Billiton owning the rest.

Last year, BP announced a major expansion in onshore U.S. oil and gas by paying $10.5 billion to acquire BHP's Texas shale assets in the Permian Basin, Eagle Ford shale and Haynesville shale.

In the Gulf, BP produces more than 300,000 barrels of oil equivalent a day, which is as much as the top operators churn out from West Texas' booming Permian. BP said it plans to hit 400,000 barrels daily by the mid-2020s.

Also on Tuesday, BP announced two new Gulf oil discoveries at the Manuel and Nearly Headless Nick prospects.

The Manuel discovery is located east of BP's Na Kika platform, so BP plans to develop wells and connect them to the Na Kika. BP and Royal Dutch Shell are 50-50 partners on the discovery.

BP also has a 20.5 percent stake in the Nearly Headless Nick discovery. Louisiana-based LLOG is the lead operator there.

[hellscream] 08/1/2019 14:31

not taking part in this rally..

[waldron] 07/1/2019 17:13

Total
47.3 -0.23%


Engie
13.02 +2.40%

Orange
14.2 -0.56%


FTSE 100
6,810.88 -0.39%
Dow Jones
23,587.02 +0.66%
CAC 40
4,719.17 -0.38%


Brent Crude Oil NYMEX 58.22 +2.03%
Gasoline NYMEX 1.37 +1.84%
Natural Gas NYMEX 2.95 -3.02%


WTI - 07/01 17:53:42
49.24 USD +1.36%


BP
520.8 +0.00%


Shell A
2,368 +0.00%


Shell B
2,389 -0.46%

[penycae] 07/1/2019 15:05

Just took 46 points off that Crude long, so that's me done for today.
Doubt I'll get that 511 if crude is on the rise.

Trade well and prosper....

[penycae] 07/1/2019 14:41

Afternoon all!

I'm looking to get back in here around 511. Been tempted today, but planets not quite lined up.
Running a long on US Crude from 48.82 to keep some skin in the game. Still got some PFC.

Trade well and prosper......

[sarkasm] 07/1/2019 10:07

PROACTIVEINVESTORS

Goldman Sachs fancies BP and Shell in its Big Oil top picks
09:38 07 Jan 2019
BP and Shell are both seen as 'buys' and are among the US bank's 'top picks' in the sector.
oil and gas operations
BP has one of the industry's strongest pipelines

Goldman Sachs is taking a somewhat strong stance on London’s oil majors, with both BP plc (LON:BP) and Royal Dutch Shell plc (LON:RDSB) in the list of its ‘top picks’ in the sector.

The US bank sees both as ‘buys’ and, more generally, highlighted that macroeconomic headwinds won’t derail oil and gas business from its cash flow sweet-spot –albeit, across the sector, it also noted the potential for negative earnings revisions.
READ: Ophir dealt US$300mln blow as Fortuna licence won’t be extended

BP is on the cusp of delivering one of the industry’s strongest pipelines of new oil & gas projects, according to Goldman, which described the company as being “ideally positioned”.

At the same time, Goldman said Shell “offers the strongest cash returns to shareholders”.

“We view the EU Big Oils sector as attractive both from a valuation and return point of view; EU Big Oils currently trade at c.20% discount to the group’s 20y historical average while displaying the most attractive FCF yield in decades,” Goldman said in a note.

“This should fuel not only attractive dividend yields but also fund additional buyback programs in our view, which for some has already started in 2018.”

[sarkasm] 07/1/2019 09:43

Broker Forecast - Goldman Sachs issues a broker note on BP PLC
By BFN News | 08:00 AM | Monday 07 January, 2019

Factsheet BP PLC USD0.25 (BP.)


Goldman Sachs today reaffirms its buy investment rating on BP PLC (LON:BP.) and raised its price target to 760p (from 750p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

[waldron] 07/1/2019 08:00

PERHAPS THEY WILL PUBLISH A PAMPLET FOR EACH COUNTRY







Fuel retailer BP has been offering customers a glimpse at just what goes into the cost of a litre of petrol.

Newshub found glossy pamphlets explaining where the money goes at one of the nationwide chain's stations.

According to BP:

37 percent is the cost of the product
2 percent is shipping
2 percent is the Emissions Trading Scheme levy, otherwise known as the 'carbon tax'
44 percent is taxes, including excise duty, GST and ACC levies
15 percent is operating costs and margin.

"In New Zealand, taxes make up around 44 percent of the retail petrol price - the single biggest component," the pamphlet claims. This isn't including the 10c Auckland regional fuel tax, which itself generates another 1.5c in GST.

[gulfharbour] 05/1/2019 17:38

Looking forward to finals and hoping to see continued improvements to BP bottom line. I view BP as a bit of a cash cow, as evidenced by the quarterly contributions to my SIPP income.

Cmon BP!

[optomistic] 05/1/2019 11:50

Not long to go...finals on Feb 5th

[waldron] 04/1/2019 17:01

Total
47.41 +2.50%


Engie
12.715 +1.40%

Orange
14.28 +0.71%

FTSE 100
6,838.24 +2.18%
Dow Jones
23,288.27 +2.65%
CAC 40
4,737.12 +2.72%


Brent Crude Oil NYMEX 57.19 +2.22%
Gasoline NYMEX 1.36 +0.86%
Natural Gas NYMEX 2.99 +1.49%


WTI - 04/01 17:42:48
48.13 USD +2.73%



BP
520.8 +2.38%


Shell A
2,368 +1.13%


Shell B
2,400 +1.48%