Bp Share Discussion Threads

[optomistic] 24/5/2019 07:36

No buy backs reported for yesterday...that is surprising considering the very weak share price

[philanderer] 23/5/2019 17:38

'Oil heads for biggest fall of the year'

Rising US inventories and China trade spat knock Brent crude lower

[optomistic] 23/5/2019 16:32

Bad day today but left a nice gap to fill topside :-)

[waldron] 23/5/2019 16:20

FTSE 100
7,231.04 -1.41%
Dow Jones
25,410.1 -1.42%
CAC 40
5,281.37 -1.81%

(WTI) - 23/05 17:58:01
58.21 USD -5.10%

Eni
13.92 -3.45%


Total
47.39 -3.30%

Engie
12.55 -2.11%

Orange
13.78 -0.65%



Bp
544.1 -2.93%

Vodafone
123.32 -1.86%

Royal Dutch Shell
2,474.5 -2.54%


Royal Dutch Shell
2,485.5 -2.64%

[the grumpy old men] 23/5/2019 14:27

WHAT A GREY DAY




(WTI) - 23/05 16:10:20
58.48 USD -4.66%

[johnwise] 23/5/2019 13:05

GLOBAL WARMING IS A SCAM - David Icke | London Real

VIDEO

[maywillow] 22/5/2019 16:50

BP's chairman says 'the world can't continue along its current path' and that the energy giant will become more transparent in response to investor demands

Richard Feloni

22 May 2019, 13:52

better capitalism banner PMI

BP chairman Helge Lund promised a long-term transformation to a "low-carbon energy system" in a Financial Times editorial.
At its annual general meeting on Tuesday, BP accepted a shareholder resolution to adopt transparency about how its strategy is in accordance with the Paris Agreement on climate change.
BP and its competitors are facing significant pressure from investor groups for addressing climate change, including from CA100+, whose members control a total of $33 trillion AUM.
This article is part of our ongoing series on Better Capitalism.
Visit Business Insider's homepage for more stories.

BP's chairman is assuring investors that the oil and gas giant's strategy is in accordance with the Paris Agreement on climate change, and that a new level of transparency is on the way.

In an editorial published in the Financial Times on Tuesday, Helge Lund wrote: "We recognise that the world is on an unsustainable path. We believe our strategy is consistent with Paris. And we welcome steps... that are supportive of a faster transition to a low-carbon energy system."

Lund has been chairman of BP, the second-largest company in Europe, since January. He wrote that CEO Bob Dudley is in agreement over the company's long-term vision for transitioning to cleaner energy alternatives at an "unprecedented rate." He added, "We say this not to protect our licence to operate, or as some form of elaborate greenwashing," though he did not offer concrete goals for achieving the company's transition to lower carbon emissions.

Lund's editorial came ahead of its annual general meeting in Aberdeen, Scotland, held later that day. BP was not about to satisfy the Greenpeace protesters who blocked access to BP's headquarters on Monday, demanding the company make a radical switch to renewable energy, but it was open to more moderate requests.

As he mentioned in his piece, BP accepted the resolution from Climate Action 100+, a group of high-powered investors with more than $33 trillion in assets under management, to adopt transparency around how it will do its part in meeting the Paris Agreement of 2015, whose signatories committed to keeping the global average temperature from rising 2°C by the end of this century.

BP did not, however, accept a resolution from the shareholder group Follow This, which called on BP to meet specific emissions targets, including those from its customers. BP dismissed the shareholder resolution on the grounds that the latter was out of its control, but its larger rival, Royal Dutch Shell, agreed this year to meet that resolution beginning in 2020.

While shareholders are still awaiting concrete evidence from BP to back its stated commitment to a necessary transformation, BP is part of a coalition that is lobbying the US Congress for a carbon tax and other regulations that everyone can be happy with. Launched last week, the CEO Climate Dialogue includes the leaders of 12 other companies, including Shell and major chemical producer Dow. If these companies can take ownership of inevitable regulations, then they're much more likely to be favorable.

Lund wrote that BP taking its response to climate change more seriously is in the interests of shareholders and worth the difficulty. "We have transformed many times over as the global energy system has evolved and are in the process of doing so again," he wrote.

[waldron] 22/5/2019 16:22

FTSE 100
7,334.19 +0.07%
Dow Jones
25,808.91 -0.26%
CAC 40
5,378.98 -0.12%

Brent Crude Oil NYMEX 70.73 -2.01%
Gasoline NYMEX 1.96 -2.04%
Natural Gas NYMEX 2.57 -1.61%


(WTI) - 22/05 17:59:17
61.27 USD -2.37%


Eni
14.418 -0.84%


Total
49.005 -1.53%


Engie
12.82 -0.12%

Orange
13.87 -0.11%


Bp
560.5 +0.07%

Vodafone
125.66 -0.29%

Royal Dutch Shell
2,539 +0.02%


Royal Dutch Shell
2,553 +0.22%

[dafrog] 21/5/2019 21:23

Best sell BP if green nutters supported at AGM.

[dafrog] 21/5/2019 21:23

Best sell BP if green nutters supported at AGM.

[dafrog] 21/5/2019 21:23

Best sell BP if green nutters supported at AGM.

[waldron] 21/5/2019 18:06

Brent Crude Oil NYMEX 72.10 +0.18%
Gasoline NYMEX 1.99 +0.43%
Natural Gas NYMEX 2.61 -2.21%

(WTI) - 21/05 19:41:27
63.16 USD -0.35%

FTSE 100
7,328.92 +0.25%
Dow Jones
25,849.04 +0.66%
CAC 40
5,385.46 +0.50%

Eni
14.54 +0.86%

Total
49.765 +1.10%

Engie
12.835 -5.31%

Orange
13.885 -0.54%


Bp
560.1 +0.52%

Vodafone
126.02 -0.30%

Royal Dutch Shell
2,538.5 -0.02%


Royal Dutch Shell
2,547.5 +0.30%

[waldron] 21/5/2019 15:39

Shareholders of BP PLC (BP.LN) on Tuesday supported a climate resolution filed by investors that calls for the oil-and-gas company to set a business strategy consistent with the goals of the Paris Climate Agreement.

The binding resolution, co-filed by shareholder group Climate Action 100+, won the support of 99.14% of the votes.

However, a second resolution by activist investor Follow This, which requested that BP set targets for its indirect emissions, only received 8.35% of the votes. BP had previously called its shareholders to reject Follow This's resolution.

"The scale of support for the Climate Action 100+ resolution sends a clear message that investors expect companies to act on climate change," said Stephanie Pfeifer, a member of the Climate Action 100+ global steering committee and CEO of the Institutional Investors Group on Climate Change.

She said investors will pay close attention to BP's next steps and expect to see evidence that BP's future investment is consistent with the goals of the Paris Agreement.



Write to Maitane Sardon at [e-mail]



(END) Dow Jones Newswires

May 21, 2019 10:59 ET (14:59 GMT)

[johnwise] 21/5/2019 10:01

VIDEO: The truth about global warming

[johnwise] 21/5/2019 06:04

The Global Warming Alarmists are simply people that want to stifle free enterprise and freedom. They created a new "threat" that they could use to have control and raise taxes.


VIDEO: The truth about global warming

[irenekent] 21/5/2019 05:05

What will this practically achieve? Not everybody these days is cut out for living in a yurt and following a hunter gathering life style. Utterly naïve.

[grupo] 20/5/2019 18:08

EU is growing market for US liquefied natural gas
By:
Gavin O'Toole
3 May 19

European imports of US liquefied natural gas are soaring, increasing by 272% in the nine months since an energy cooperation deal was agreed in 2018.

Nearly 30% of American LNG exports are now destined for Europe according to official data – up dramatically from just 5% in 2016.

The latest figures on this booming transatlantic trade come as energy executives gather in Brussels in a sign of strengthening EU–US energy cooperation to discuss further ways to enhance the trade in LNG.

“Energy security is one of the key success stories of our transatlantic cooperation and one where we both have a keen mutual interest,” EU commissioner for energy and climate Miguel Arias Cañete said after meeting US secretary of energy Rick Perry at the event.

“It is therefore our common objective to further deepen our energy cooperation. Natural gas will remain an important component of the EU’s energy mix in the near future as we move towards cleaner sources of energy.

“Given our heavy dependence on imports, US liquefied natural gas, if priced competitively, could play an increasing and strategic role in the EU gas supply.”

The EU gas market is the second largest in the world and European leaders see increased imports of US LNG as essential to their efforts to diversify supplies.

Gas has been identified as an important transition fuel in the EU’s efforts to decarbonise its economy, and European gas imports are projected to increase as domestic production falls.

The capacity to handle increasing imports are being expanded with the extension of a LNG terminal in Poland on the Baltic Sea coast and plans for another on the island of Krk in Croatia.

The EU is also supporting the development of LNG capacity in Greece, Spain, Ireland, Sweden and Cyprus and estimates that 23 member states will have access to the global LNG market by 2022.

With a share of 12.6% of European LNG imports in 2019 so far, the US is now Europe’s third largest supplier.

Speaking in Brussels, Perry said: “We share a history of transatlantic cooperation, through good times and bad, and together we promote our heritage of freedom.

“The strength of this relationship can particularly be seen in energy. When it comes to natural gas, we each have what the other needs to derive tremendous mutual benefit from advancing our energy relationship.”

Gavin O'Toole, expert on Latin America
Gavin O'Toole

A freelance journalist. He has written six books about Latin America and taught the politics of the region at Queen Mary, University of London.

[waldron] 20/5/2019 16:14

FTSE 100
7,310.88 -0.51%
Dow Jones
25,678.27 -0.33%
CAC 40
5,358.59 -1.46%


Brent Crude Oil NYMEX 72.39 +0.25%
Gasoline NYMEX 2.01 -0.42%
Natural Gas NYMEX 2.67 +1.56%

(WTI) - 20/05 17:49:54
63.09 USD -0.47%


Eni
14.416 -2.86%


Total
49.225 +0.11%

Engie
13.555 -0.18%

Orange
13.96 +0.98%

Bp
557.2 +0.22%

Vodafone
126.4 +1.71%

Royal Dutch Shell
2,539 +0.12%


Royal Dutch Shell
2,540 -0.06%