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BP. Bp Plc

495.70
2.90 (0.59%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bp Plc LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.90 0.59% 495.70 496.00 496.10 498.75 493.30 495.45 36,110,224 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining 211.6B 15.24B 0.8934 5.55 84.61B
Bp Plc is listed in the Petroleum Refining sector of the London Stock Exchange with ticker BP.. The last closing price for Bp was 492.80p. Over the last year, Bp shares have traded in a share price range of 441.10p to 562.20p.

Bp currently has 17,057,902,258 shares in issue. The market capitalisation of Bp is £84.61 billion. Bp has a price to earnings ratio (PE ratio) of 5.55.

Bp Share Discussion Threads

Showing 100851 to 100875 of 108925 messages
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DateSubjectAuthorDiscuss
08/2/2021
10:17
UK to see six new offshore windfarms in drive toward net zero
Millie Turner


The deal forms part of the prime minister’s pledge in October last year to a “green industrial revolution”
Britain’s first major auction of offshore wind farm leases in over a decade has seen Orsted, RWE, BP and Total awarded contracts, the Crown Estate said this morning.

With six projects, the venture will represent nearly eight gigawatts (GW) and could provide enough power to fuel around 7m homes.


At least all BP's press recently has also been positive... Their Green drive is essential albeit a small portion of the company.

crazi
08/2/2021
10:01
helping to give balance - currently it would appear that there is little connection between the price of oil and the price of BP. BP obviously isnt a cheap stock as yet undiscovered by investors and missed by the big players too engrossed elsewhere - banks or whatever - its not quite how the instis work - their analysts will be constantly combing not only but certainly ftse 100. They so far are not attracted by the 'time to fill yer boots' claims. They are showing caution for reasons. I will follow their example so far - though I do keep having little snips
scruff1
08/2/2021
09:32
It's so cheap it's mad. 1 year ago people would have bitten your hand off for this price at 55% discount and oil is back to the $60 mark...

I reckon the big players are currently concentrating on the banks. Once they get their profits fill there again oil will be next as just too cheap...

crazi
08/2/2021
09:11
Boozey youare a f.....g C..t you love making money out of people's misforturne.
fernandesb
08/2/2021
09:04
So, with all the chatter that Exxon/Chevron mulled merging last year, wonder if Shell/BP considered similar.
geckotheglorious
08/2/2021
08:08
BP PLC said Monday that it and partner EnBW Energie Baden-Wuerttemberg AG of Germany have together been selected as preferred bidder for two major 60-year leases in the first U.K. offshore-wind leasing round since 2010.

The U.K. energy giant said it and EnBW plan to form a 50-50 joint venture to develop and operate the leases, with four annual payments of 231 million pounds ($317.3 million) on each lease expected before projects reach final investment decision.

Both leases are located in the Irish Sea and offer a combined potential generating capacity of three gigawatts, BP said. The projects are expected to be in operation in seven years, and their generating capacity would then be sufficient to power more than 3.4 million households, BP said.

This marks BP's entry to the U.K.'s offshore wind power sector, the company said.



Write to Adria Calatayud at adria.calatayud@dowjones.com



(END) Dow Jones Newswires

February 08, 2021 02:45 ET (07:45 GMT)

florenceorbis
08/2/2021
07:58
Have you read the Q4 investors presentation?I think a forward plan of 2M BPD will keep them quite involved in the black stuff :-)
jackpotjack
08/2/2021
07:38
And you're aware of the declared strategy to be carbon neutral - including from now (not a period into the future) BP will no longer undertake oil and gas exploration? They are effectively winding down the oil business - over a long period, but that is the strategy.

Rightly or wrongly, it isn't going to be business as usual and a reversion to how life used to be.

imastu pidgitaswell
08/2/2021
07:31
If oil remains where it is for much of this year, and with production cuts globally likely it will, then BP. will generate way in excess of forecast cash flow.
bookbroker
08/2/2021
07:26
used to be a time in the past when oil was up, we were up.
hellscream
08/2/2021
07:21
Tullow yes, BP no :-)
jackpotjack
08/2/2021
06:32
The Financial Times today pointed out that those two "supermajors", along with BP and Shell just reported more than $50 billion in losses for last year, with analysts pointing out that it was not the first time the industry has faced major recent turmoil in the oil price. Mergers generally mean cost savings that would enable companies better to weather such collapses in the crude market, analysts said, pointing out that the transition to green energy is also one which requires the financial firepower that mergers could provide.Bears, however, will point out that the time for such mergers was last year when the oil price was last year, when the crude price was $20. Since then it has tripled and was today up around 1%.BP and Shell, two heavyweights in the FTSE 100 index, could move upwards today as a result of the renewed attention.
daler1966
08/2/2021
06:19
They sell oil and while it went to a negative value and then sat for most a year at half the value today they have paid a $0.21.If you think oil is headed back to last years valid then BP is not for you but if you think it will stay above $45 this year then maybe it is as Divi will stay at $0.21 and they most probably will start buy back in Q4
jackpotjack
08/2/2021
03:23
OK, I think I understand where you’re coming from a little better - you’re basically saying that the share price at any point simply doesn’t matter as long as you’re getting returns on the original investment.

I guess my response to that would be that’s fine and dandy until the company can’t deliver those returns anymore because fundamentally things have changed - and obviously at its worst and the company goes under and there is no longer any return at all. As I said a few days ago I don’t think that’s likely in the case of BP but it certainly isn’t impossible - heading into a period of fundamental strategic change and uncertainty isn't great when you're starting with c$40 billion of debt.

Personally seeing a share price halve and then stay down, and the same thing happening to its competitors, would give me severe concerns about my assumptions for the future for my investment.

imastu pidgitaswell
08/2/2021
00:08
Oils going to break 60. News below should mean the turn back north now.Hedge funds bet on oil's 'big comeback' after pandemic hobbles producers
slinkyj
07/2/2021
23:20
Biden getting tough on Iran - good! Let's hope Iran rebel against that and we have another Middle East crisis on our hands. Nothing like a Middle East crisis to drive up the price of oil!

Maybe that tough stance is behind the good start to the oil price tonight.

boozey
07/2/2021
21:30
I picked 30 years because that is the example I gave in my first post, emphasising that there is no get rich quick scheme. But rather than spout nonsense, do the math for 20 years then, buying 10k in 2001, you'd have your investment money back in dividends near enough, and you still own the shares you purchased with the opportunity to receive a lot more in the future. Again, you're hung up on what the stock price is doing at the current moment. And form some kind of opinion about the business largely based on that, which is human emotion. If the price was £6 today, you'd probably be saying "the market knows all this green energy isn't going to happen over night, that's decades away and thinks we haven't seen peak oil yet, shorters beware".
The fact is anyone who bought 20 or 10 years ago hasn't lost any money, they still have their shares, and they've been getting a yield every year which adds up. So where is the lost money? Oh I get it, you want to ignore decades of dividends and assume they're going to sell their holdings at the bottom of a stock market cycle? That's not what ownership in a business is about.

counterpartymw
07/2/2021
20:37
It's a BP thread, so we're talking about the BP share price - why is Coca Cola relevant? Are you saying all sectors would have been buy and hold? That's also incorrect, as the few examples I gave demonstrate - there are many others.

In terms of BP, that is quite possible if you go back to 1990. I don't know and haven't worked it out, because why would I? Maybe you could tell us? And why 1990? Because the numbers work better than 20 or 35 years (when it was privatised)?


free stock charts from uk.advfn.com


Coming from 2000, 21 years, it has been a disastrous investment to buy and hold at any time; and there have been no share splits. I think that is a long enough timeframe for anyone. The only way it could not be disastrous is if it quadrupled from here. To make up for the lost 20 years.

And I think you've missed my point on strategic change.

imastu pidgitaswell
07/2/2021
18:56
In case you're still confused, this might be an insightful exercise for you, let's say you bought £10,000 worth of BP shares in 1990 (take the average stock price for the year, and note the number of shares that equates to). Then tell me 1. How many shares you have now (you'll find there have been 2 stock splits) 2. How much cash you've been given in dividends up until today, and 3. What the value of your shareholding is now (even at this multi decade low)
counterpartymw
07/2/2021
18:38
I'm afraid you've misunderstood me. I made no recommendations or predictions, that's up to the individual investor. I simply stated the fact that buying huge and profitable companies over decades (and cited 3 examples, 1 of which was BP), you'd have made excellent returns. I was making a general statement about realistic investment time frames, and the undeniable fact that stock prices are in no way tied to the underlying business. Something it sounds like you may not have grapsed, referring to 'the market discounting this or the market looking ahead because of that'. If the market was intelligent and anything more than human emotion, they'd be no point in investing. Fortunately, it isn't. If the share price was currently 3p, you'd probably still be able to buy some shares at that price off of someone who was looking to fill a chart gap that occured at 2.7p
counterpartymw
07/2/2021
18:31
This year will be a blowout for cash generation. Debt will be comfortably below $35bn by year end. Dividend has also taken a hit.

All the majors have cut their costs very deep.

zicopele
07/2/2021
18:25
Is the debt level a concern? I ask as lots of Oilers struggling because of debt levels.
cromw3ll
07/2/2021
18:19
How much are BP paying per Gigawatt for wind power in USA? Is there rationale for buying a renewables company such as say SSE which may trade at a lower multiple than BPs latedt investment?

The market is nervous by the savagery of the change in direction and concerned that BP is overpaying in a frothy market. No secret for the derating of BP.

Some of those share prices of renewables look frothy.

The cash generation of BP this year will be fabulous with oil at current prices and deep cuts having been made. I bet they meet their debt target in the third quarter.

zicopele
07/2/2021
17:48
94400 - that is simply not true.

The simplest way to demonstrate that is a chart since the start of the century:


free stock charts from uk.advfn.com


If you had bought and held at any time up until November of this year, you would have lost a lot of money. Never mind missing out on what you could have made if you had invested elsewhere - in 21 years. There haven't been any stock splits this century.

The question of 'should you buy now' is more subjective. But the key change compared with any time over the past 100 years is the environment - you do know that the internal combustion engine is not going to be powering vehicles in the fairly imminent future? Sometimes strategic change occurs. It happened to retailers with the internet, it happened to coal mining, it happened to rail, photography, newspapers etc etc.

There is always a price for everything, that is what the market represents. One question you might ask is why this share and the other oil producers are broadly still 50% of where they were a year ago, when most other stocks that have taken a hit because of the pandemic have largely recovered or even surpassed previous levels - it's the market looking forward and anticipating future earnings. They are doing that with this sector as well, and not liking what they are seeing.

I don't know the answer - but you don't either.

imastu pidgitaswell
07/2/2021
17:35
Interesting looking at Dalers post above on BP shorts.

Nothing above 0.5% reported on the FCA



LSE Market

BP.

BP PLC

Energy

United Kingdom

GBX

MAIN MARKET

There are no current short positions above 0.5% in BP PLC




Short Tracker also nothing:

Companies
BP.
Watch Company % short Number of funds short
No matching records found

crazi
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