Bp Share Discussion Threads

[invisage] 07/12/2020 15:54

RDSB is well above the 200 SMA now...BP will catch up too....Shell is leading the way here..

[invisage] 07/12/2020 15:53

Some got shooked out on the drop today......US Oil stocks rallying well off lows.....

MM's got some stock...BP should move higher net few days to get another green bar on the weekly chart...

[slinkyj] 07/12/2020 15:33

Holders will buy more shares with dividend as well so expect a gap up on that day for sure

[la forge] 07/12/2020 15:14

RNS Number : 7578H

BP PLC

07 December 2020

7 December 2020

BP p.l.c.

Third quarter interim dividend for 2020

Payments of dividends in sterling

On 27 October 2020, the Directors of BP p.l.c. announced that the interim dividend for the third quarter 2020 would be US$0.0525 per ordinary share (US$0.315 per ADS). This interim dividend is to be paid on 18 December 2020 to shareholders on the share register on 6 November 2020. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. The board has decided not to offer a scrip dividend alternative in respect of the third quarter 2020 dividend. Dividend reinvestment plans have been made available for this dividend for ordinary shareholders and ADS holders (subject to certain exceptions) to receive additional BP shares.

Sterling dividends payable in cash will be converted from US dollars at an average of the market exchange rate over the four dealing days from 1 to 4 December 2020 (GBP1 = US$1.34036). Accordingly, the amount of sterling dividend payable in cash on 18 December 2020 will be:

3.9169 pence per share.

Details of the third quarter dividend and timetable are available at bp.com/dividends. For further information on your dividend payment options visit bp.com/drip.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

[crazi] 07/12/2020 11:34

They took the average from 1 to 4 Dec when the £ was strongest.

3.9169p instead of 4p. Really doesn't make much difference though. Think I get about £20 less...

[irish luck] 07/12/2020 11:27

LOL,

I have no positions open on BP atm just for the record.

[bracke] 07/12/2020 10:34

LOL. I know the feeling!

[invisage] 07/12/2020 10:24

I'd rather be invested for the move to £4 then worry about a 10p drop to fill a gap and risk being left behind.........


It is better to think long term...try to be too clever to catch every up and down move and you can miss out on the big move...


It is the sitting that makes the money, not the constant churning..

[invisage] 07/12/2020 09:24

They will convert the Q dividend soon.....drop is sterling boosts our payout..



Sterling cash dividend per ordinary share announcement date 7-Dec-20

[irish luck] 07/12/2020 09:23

For the non believers.
Low gaps at 266.55 and 267.15

[invisage] 07/12/2020 09:21

FTSE rallying on weak pound

Pound is off 1.5% should boost USD dividends paid by BP

[invisage] 07/12/2020 07:25

https://news.sky.com/story/brexit-major-breakthrough-in-talks-over-fishing-rights-during-trade-negotiations-12153801?utm_source=upday&utm_medium=referral

[waldron] 07/12/2020 06:44

European markets head for lower open as last-ditch Brexit deal talks take place

Published Mon, Dec 7 20201:13 AM EST

Holly Ellyatt
@HollyEllyatt

Key Points

London’s FTSE is seen opening 6 points lower at 6,542, Germany’s DAX is seen 50 points lower at 13,232, France’s CAC 40 down 16 points at 5,584 and Italy’s FTSE MIB 115 points lower at 22,040, according to IG.

[invisage] 06/12/2020 22:35

New US stimulus bill could come as early as Monday

Lawmakers push for deal on coronavirus aid as economy risks dip from surge in cases


A bipartisan group of US senators will unveil legislation as early as Monday for additional fiscal stimulus worth about $908bn, in an effort to speed up aid to an economy at risk of a further dip due to a record spike in coronavirus cases. 


Source FT

[invisage] 06/12/2020 21:44

France, Spain, Italy and Belgium have seen new infections turn down sharply in the past two weeks.

hxxps://www.wsj.com/articles/mask-wars-revisited-11607118961


Looking good for Oil, BP RDSB next week....

[the grumpy old men] 06/12/2020 12:24

ENERGYMIXREPORT



BP begins drilling Platina field offshore Angola
Dec 6, 2020

Oil major BP has begun drilling on the Platina field in Block 18 offshore Angola using Valaris’ DS-12 drillship.

Angola’s National Oil, Gas, and Biofuels Agency (ANPG) said last week that BP started drilling at the Platina field, a project that has been waiting to start with execution for several years.

The initial date for the start of drilling was the middle of 2020 while the final investment decision was announced in December 2018.

The DS-12 will drill four wells – two for production and two for injection – in the development of the Platina field, with the support of two cargo ships, one of them equipped with remote operating vehicles and the other prepared to provide emergency response.

The project has 44 million barrels of oil in estimated reserves, with a projected production rate of 30,000 barrels per day.

ANPG added that “to these numbers are added other relevant ones since BP Angola and the contractor group foresee to reduce costs by 20 per cent, increase the reserves initially estimated by 10 per cent and anticipate the completion of the project in 12 months”.

Paulino Jerónimo, president of ANPG, said: “We must not forget the difficult period that the market and the sector is going through worldwide. And to emphasize the significance that the commitment of the big operators has for Angola and the work that they continue to do.

“BP has been an excellent partner and ANPG will continue to do everything so that the work continues and the results satisfy all parties involved”.

BP Angola’s SVP, Adriano Bastos, added: “The progress of the Platina project reiterates BP’s commitment to Angola and represents a strong contribution to the achievement of the Government’s long-term strategy in the oil and gas sector.

“In addition, we are truly pleased that thanks to the extraordinary work of our teams and the close collaboration with our partner Sinopec (Sonangol Sinopec International), we are managing to move forward with this project very efficiently”.

It is worth noting that the project will be connected to via subsea pipeline to the Greater Plutonio FPSO. Block 18 is located in the Angolan offshore, 160 miles northwest of Luanda. Eight discoveries were made in this block. Galio, Cromio, Cobalto, Paladio, and Plutonio fields make up the first producing development known as Greater Plutonio. Platina, one of the other field in this block, is the next development of this block.

The Greater Plutonio came on-stream in October 2007. Production is based on a 1.75-million-barrel capacity spread-moored FPSO, a subsea production system with intelligent well technology, and water and gas injection wells.

It is worth reminding that TechnipFMC was awarded an integrated engineering, procurement, construction, and installation (iEPCI) contract from BP for the Platina field development back in March 2020.



Source: Offshore Energy

[justiceforthemany] 06/12/2020 11:45

Hospitals are preparing to begin the first phase of the "largest scale vaccination campaign" in the UK's history.

The first COVID-19 vaccines will arrive at hospitals by Monday ahead of the first jabs being given on Tuesday.

GP surgeries in England have been told to start staffing COVID-19 vaccination centres by 14 December.

hxxps://news.sky.com/story/covid-19-hospitals-preparing-for-largest-scale-vaccination-campaign-in-uk-history-12152072

[sarkasm] 06/12/2020 09:16

Why The World Can’t Quit Fossil Fuels
By Haley Zaremba - Dec 05, 2020, 5:00 PM CST
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Have the recent pronouncements of the death of oil and reigning renewables been more rhetoric than reality? Yes and no. It’s true that peak oil is now closer than ever, and globally we’re seeing a more earnest effort to decarbonize than ever before, in large part thanks to green stimulus packages for post-COVID economic recovery. But for all of the advances that green energy is making around the world, it’s just not enough to achieve the kind of greenhouse gas emissions reductions necessary to curb the impact of climate change. In fact, it’s not even close. This week Axios reported on the “chasm between CO2 goals and energy production,” saying that “projected and planned levels of global oil, natural gas and coal production are way out of step with the kind of emissions cuts needed to hold global warming significantly in check.” This reporting is based on a brand new study. The second annual “Production Gap Report” is the continuation of a project developed in collaboration with the United Nations Environment Programme (UNEP). The 2020 report was put together by the UN, the Stockholm Environment Institute, the International Institute for Sustainable Development, the Overseas Development Institute and the climate think tank E3G.

The purpose of the report, which is modelled after and alongside UNEP’s Emissions Gap Reports is to synthesize and communicate “the large discrepancy between countries’ planned fossil fuel production and the global production levels necessary to limit warming to 1.5°C and 2°C.” And, as it turns out, that discrepancy is still quite large, even after the COVID-19 pandemic took a huge bite out of fossil fuel demand and the oil and gas industry as a whole.

Related: UAE Oil Is A Vital Geopolitical Weapon Against China's Middle East Expansion

The report calculates the emissions that will be released from fuel combustion over the next calendar year based on projections and extrapolations of all the countries of the worlds’ planned and estimated fossil fuel extraction. The prognosis is grim. While meeting the Paris climate accord goal of limiting and maintaining long-term global warming to just 1.5° Celsius over pre-industrial temperature averages would require the global community to reduce fossil fuel production by a full 6 percent each year over the course of the next decade, right now most countries are reaching toward a reduction goal of just 2 percent--less than half of what is needed. Despite the fact that all 196 members of the United Nations Framework Convention on Climate Change (UNFCCC) signed onto the Paris Agreement, according to the 2020 Production Gap report, "countries are instead planning and projecting an average annual increase of 2 percent, which by 2030 would result in more than double the production consistent with the 1.5°C limit."

While the world is heading in the right direction overall to bring down greenhouse gas emissions on the eve of catastrophic climate change, it simply isn’t doing so with enough urgency. For example, while coal has had an especially rough year and seems to be on its very last legs as an industry, it would need to see a whopping 11 percent production cut every year until 2030 to comply with the 1.5°C pathway. It’s hard to see that happening when countries like China are falling back on coal in times of economic and energy insecurity.

Similarly, while OPEC+ is mulling over the idea of extending production cuts to keep oil prices afloat during this extended oil demand downturn, it would be shortsighted and naive to think that means the end of oil is upon us. While we may very well be living in the era of peak oil, that is a far cry from seeing a 6 percent annual decrease of the fuel that still overwhelmingly powers the global economy.

Ultimately, in spite of all the lofty rhetoric, “the pandemic-related production declines this year won't lead to the long-term changes needed to get on track toward those temperature targets.” For that we need human intervention and intentional economic and political restructuring, not just viral disruption.

By Haley Zaremba for Oilprice.com

[dovey21] 06/12/2020 02:53

Several. Here, RDSB, IAG, RR., GSK, EVR, KIST, VUSA, A UK ETF ( can't remember the ticker), SNG and some others that I can't remember. It's a great time to invest.