Bp Share Discussion Threads

[waldron] 01/4/2020 17:52

Brent Crude Oil NYMEX 25.01 -5.09%
Gasoline NYMEX 0.56 -6.19%
Natural Gas NYMEX 1.71 -2.45%
WTI 20.662 USD +1.89%

FTSE 100
5,454.57 -3.83%
Dow Jones
21,214.49 -3.21%
CAC 40
4,207.24 -4.30%
SBF 120
3,303.23 -4.10%
Euro STOXX 50
2,667.7 -4.22%
DAX
9,544.75 -3.94%
Ftse Mib
16,583.47 -2.74%




Eni
9.2 -0.22%


Total
35.2 -0.54%



Engie
8.976 -4.63%


Bp
333.7 -3.05%

Vodafone
109.6 -3.01%

Royal Dutch Shell A
1,421.2 +0.16%



Royal Dutch Shell B
1,352.4 -0.54%

[grupo] 01/4/2020 14:20

BP PLC said Wednesday that it won't cut jobs or lay off employees as part of the measures it is implementing to reduce expenses and improve profitability during the coronavirus pandemic.

The British oil-and-gas company said the decision to not cut jobs will apply during the next three months.

"We simply do not want to add another burden during what is already an incredibly stressful time for individuals and families," said Chief Executive Bernard Looney.

The company said it will avoid layoffs as it announced that it expects results in the first quarter of this year to be hit by low commodity prices and current weak demand for fuels due to coronavirus restrictions.

Some other measures BP said it has taken to protect its workers include changing shift patterns to make social distancing easier, reducing nonessential activity and offering psychological support.

The company also said it has donated $2 million to the Covid-19 Solidarity Response Fund and is supplying free fuel to emergency-services vehicles and ambulances in some European countries.



Write to Maitane Sardon at [e-mail]



(END) Dow Jones Newswires

April 01, 2020 07:58 ET (11:58 GMT)

[thewealthofsocrates] 01/4/2020 14:12

They are biting the bullet. They are being forced to reduce their market share by cutting by suspending work.

[ny boy] 01/4/2020 12:48

TWOS Not much lower, even now as Trump said you could probably deal at $9bl to buy

There is a massivevoil glut, only buyers in town are everyone’s “friend” The Chinese!

[thewealthofsocrates] 01/4/2020 12:06

How low will they go NY Boy? (Saudis, I mean)
Tbh, I think they are sharpening their swords, and not to just give someone a haircut...

[cardinal richelieu] 01/4/2020 11:43

Stonking Short here?

I think so.

[ny boy] 01/4/2020 11:33

Dip recovery on a down market day, encouraging, direction of travel 400p + With pull backs for accumulating

[thewealthofsocrates] 01/4/2020 11:29

David Wood ponders whether the Saudis have a true prophet....
BP has holdings in SA, doesn't it?

[nigthepig] 01/4/2020 11:19

Dow future currently down 558

[grupo] 01/4/2020 11:02

Dow set to fall 700 points at the open after market posts worst first quarter on record
Published Tue, Mar 31 20206:03 PM EDTUpdated an hour ago
Maggie Fitzgerald
@mkmfitzgerald
Key Points

At around 4:50 a.m. ET, Dow Jones Industrial Average futures fell 703 points, indicating an opening loss of about 741 points.
S&P 500 futures and Nasdaq-100 futures also pointed to losses at the open.
President Donald Trump said Tuesday evening the U.S. should prepare for a “very, very painful two weeks” from the rampant coronavirus.

[ny boy] 01/4/2020 10:55

BP is my no1 accumulation stock, think a few years out, blue skies, enuff said.

[grupo] 01/4/2020 10:52

Shares in BP PLC fell Wednesday after the company said it expects results in the first quarter of this year to be hit by the current weak demand and low commodity pricing, and that it estimates a $1 billion noncash impairment charge for the period.

The British oil-and-gas group said it anticipates a reduced first-quarter upstream production compared with the previous quarter, in the range of 2.55 million to 2.6 million barrels of oil equivalent a day.

BP said it also expects a "significant and growing decline in demand for fuels, jet fuel and lubricants" in the first quarter due to the restrictions imposed in a number of countries to contain the spread of coronavirus.

The company also said its $15 billion divestment program remains on track toward its completion in mid-2021, but that the receipt of the $10 billion of divestment proceeds by the end of this year might be revised as transactions complete, given the volatility of the current trading environment.

Shares at 0820 GMT were down 12.5 pence, or 3.7%, at 331.5 pence.



Write to Matteo Castia at [e-mail]



(END) Dow Jones Newswires

April 01, 2020 04:44 ET (08:44 GMT)

[ny boy] 01/4/2020 10:37

I keep adding on each dip, only a few hundred more the morning, taking a 2-5 year view and I am assuming a 50% divi cut, which I can live with, if only 1 Billion impairment put aside that is not a lot, they have $19B in liquidity

They will gobble up smaller minnows and cherry pick any assets from others that go bust, if it is of interest to BP

[montyhedge] 01/4/2020 07:54

You got it the wrong way round, Shell just confirmed $12 billion facility to pay dividends.

[buywell3] 01/4/2020 07:51

Looks like all UK banks doing the same as STAN

No dividends no buybacks all stopped today

Awaiting RBS announcement , LLOY and BARC in

FTSE100 to take a hit

This action could roll over to all FTSE100 stocks IMO

Also FTSE350 and many AIM stocks , all shares going the same way IMO

dyor

[waldron] 31/3/2020 17:41

Brent Crude Oil NYMEX 26.52 +0.38%
Gasoline NYMEX 0.63 +2.19%
Natural Gas NYMEX 1.66 -1.78%
WTI 20.377 USD -0.80%


FTSE 100
5,671.96 +1.95%
Dow Jones
22,414.68 +0.39%
CAC 40
4,396.12 +0.40%
SBF 120
3,444.49 +0.58%
Euro STOXX 50
2,785.26 +0.97%
DAX
9,935.84 +1.22%
Ftse Mib
16,989.52 +0.69%


Eni
9.22 +7.30%

Total
35.39 +5.42%



Engie
9.412 -0.40%


Bp
344.2 +6.37%

Vodafone
113 -1.17%

Royal Dutch Shell
1,419 +7.08%



Royal Dutch Shell
1,359.8 +7.75%

[ny boy] 31/3/2020 16:45

Strong close, on our way to 400p + not all in a straight line, so some pull backs along the way, as we have seen since the early 200’s...any deal brokered between Trump & Putin should see a much faster move up.

[ny boy] 31/3/2020 15:41

Mind the gap up

Resistance1: 491.70p. Resistance2: 574.31p

[ny boy] 31/3/2020 08:51

BP is an absolute gift from the Gods at current valuations, most will see it when we are trading 400/500p area post CV

[amaretto1] 31/3/2020 07:50

This is the strongest ! Shell debatable .. looking like a Divi cut there.

[veryniceperson] 30/3/2020 23:13

They won't cut dividend. $23 a barrel. Russians and Saudi will get together soon cut production. Costing more to pump it. It's not black gold its fools gold at present. Top up on the low and sit tight.

[ny boy] 30/3/2020 23:03

Markets are looking 6 months ahead, trying to build a recovery here, BP is a solid blue chip multi national, decent divi, even if they cut it in half. A gift at current valuations imo I add on good dips, they have $19 Billion in liquidity, enough for investors to sleep well at night.