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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 26,402,867 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining 211.6B 15.24B 0.8934 5.57 84.9B
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 £84.90 billion. Bp has a price to earnings ratio (PE ratio) of 5.57.

Bp Share Discussion Threads

Showing 101976 to 101998 of 108925 messages
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DateSubjectAuthorDiscuss
04/5/2021
20:59
Oil now $69.30 looks like the above was correct and we may be heading for that ‘super cycle’. Oilers are the best inflation hedge. I am looking to see if the Monetary Committee on Thursday start to taper the bond purchase program... see Yelland is mentioning interest rate rise. The Fed will have to make the call anytime soon. Sold my US tech and adding to BP / RDS. I see lots of interest in oilers in the near future.
gwatson56
04/5/2021
17:13
The following is from an article in the Telegraph by Tom Stevenson an Investment Director at Fidelity International titled "A commodities supercycle is set to make a generation of investors rich"

"So how might investors position themselves for the supercycle ahead? The simplest and cheapest way is via a commodities-focused exchange traded fund. There are plenty of different flavours, but a broad-based exposure to metals and energy makes sense. To turbo-charge returns in the event of a prolonged upswing, investing directly in commodity producers is a better idea. With relatively fixed costs, miners’ and oil companies’ earnings will rise more quickly than the price of their underlying resources."

pj84
04/5/2021
12:36
My pick for May 2021 is BP.There are dozens of catalysts: for example,Rising oil prices BP absolutely crushed the latest earnings released on 27/04/21BP announced £500mm stock buybacks for the second quarter Europe/UK is completely re-opening Travel re-opening plans to be announced soonBP is constantly expanding into renewable energy
zaxarobal
04/5/2021
10:56
Brent just touched $69.
skinny
04/5/2021
09:42
Wow, never realised that, goodness me.
veryniceperson
04/5/2021
09:31
The Baltic Dry Index is at a level not seen since 2010. That’s a superb indication of the level of worldwide economic recovery and what is expected as we emerge from the pandemic across the globe. Good news for oil.
biddy74
04/5/2021
09:26
Agreed, every $1 +- Brent is worth $340M to BP
gwatson56
04/5/2021
09:08
Even better
veryniceperson
04/5/2021
08:56
Oil (Brent) $68 ! :-)
skinny
04/5/2021
08:51
BP going nicely today. Oil $67 a barrel, world opening up that should hopefully mean higher share price.
veryniceperson
03/5/2021
14:24
Nice rise in oil today this hopefully should help the sp
plastow
03/5/2021
13:12
The Times:

BP is preparing to bid for the rights to build wind farms off Scotland as it signals no let-up in expansion after a £900m splurge on leases in the Irish Sea.

philanderer
03/5/2021
12:03
It would be poor form to try to affect share price by buybacks so the oppotsite ends up happening - buybacks trying not to affect market prices.
50 days till end of buyback period for 500m in buybacks = 10m per day
Then split it up during each day into smaller buys.
Also it might be a good idea to start slowish so the market gets used to it.
Stick all that into an algo and hey presto.

Well that is how I would do it anyway.

I would be really happy if then, on the 6th July, another buyback got announced for $1bn+ for the qtr. If oil stays at current prices and the flying outlook has improved then optimism will prevail.

planit2
02/5/2021
22:47
Pathetically slow buyback.
smurfy2001
02/5/2021
22:28
Oil and metal prices set to surge as US and Britain go on spending spree



Goldman Sachs has predicted a 14pc jump in commodity prices over the next six months, pushing a broad measure of metals and oil up to its highest level in more than six years.

The Wall Street bank expects copper to rise by over 10pc to reach more than $11,000 per ton by the first quarter of 2022, while Brent crude, the UK benchmark oil price, is set to hit $80 per barrel – a level not reached since 2018.

Goldman expects demand to climb by 5.2m barrels per day over the next six months, 50pc larger than the previous record increase.

pj84
01/5/2021
12:26
Whoever it is has to be a premium member to do it, ie blue.
kasamavic
01/5/2021
12:17
BP : Share buybacks refers to purchases made by the company of BP ordinary shares, for Treasury shares or subsequent cancellation.
expertchen007
30/4/2021
17:09
Oil Giants Recover as Prices Rebound -- Update

04/30/2021 | 03:27pm BST


By Christopher M. Matthews

Big oil companies returned to profitability during the first quarter as they recovered from the unprecedented destruction of oil and gas demand wrought by the coronavirus pandemic.

Exxon Mobil Corp. reported $2.7 billion in net income Friday, its first quarterly profit since the pandemic erupted last spring, while Chevron Corp. reported $1.4 billion in first-quarter profit. The results were boosted by rising oil prices during the first months of 2021, as countries around the world soften coronavirus quarantines.

The largest European oil companies, BP PLC, Royal Dutch Shell PLC and Total SE, all reported profits earlier in the week after enduring huge losses last year.

"That recovery, which we had anticipated happening at some point in time, is happening sooner than we anticipated," Exxon Chief Executive Darren Woods said in an interview Friday. "As economies are reopening and rebounding quicker, in some places, than expected, we are seeing a demand response."

Oil companies endured one of their worst years on record in 2020, as Covid-19 lockdowns choked off demand for oil and gas as road and air traffic fell precipitously. Exxon reported its first annual loss in modern history in 2020 of about $22 billion.

But cautious optimism has been mounting that global economic activity could return to pre-pandemic levels later this year as vaccines become more widely available around the world.

Chevron Chief Financial Officer Pierre Breber said that demand for gasoline and diesel was nearly back to pre-pandemic levels, and that jet fuel is the last remaining overhang, with strong signs that domestic air travel in the U.S. is picking up.

"As we look forward, the next couple of quarters look very good," Mr. Breber said in an interview. "We feel good about our ability to generate cash."

Chevron's net income was down about 62% from the same quarter last year, but was a substantial increase from a $665 million loss in the previous quarter. Exxon's $2.7 billion profit compared with a $610 million loss a year ago. BP's profit more than tripled from the previous quarter to nearly $4.7 billion, and Shell reported a profit of almost $5.7 billion.

Share prices for the world's largest energy companies have moved in tandem with oil prices that have rebounded markedly in recent months. U.S. oil prices are up nearly 80% over the past six months, while the shares of Exxon, Chevron, BP and Shell are collectively up about 65%.

On Thursday, U.S. oil prices neared a six-week high of about $65 a barrel but fell around 2.5% in early trading Friday as traders eyed a build in crude and gasoline stockpiles. The share prices of Exxon, Chevron, BP and Shell were collectively down nearly 2% in early trading Friday.

The optimism about oil and gas demand rebounding is being tempered by concerns about rapidly rising Covid-19 case numbers in India and South America, said Bjornar Tonhaugen, an analyst at Rystad Energy. Reduced economic activity in India alone may sap as much as 900,000 barrels of oil a day from global demand, according to Rystad.

"For the moment optimism is helping prices, but every trader's eyes are on India," Mr. Tonhaugen said. "The oil bulls are out again but it's doubtful that they are having a confident and calm sleep."

In response to growing profits, Chevron, BP and Shell boosted their payouts to investors. On Wednesday, Chevron increased its quarterly dividend by 4%, while Shell also raised its dividend 4%, the second increase since slashing it last year. BP said it would buy back $500 million of shares. Total and Exxon held their dividends flat.

The weeklong freeze in Texas that left millions without power in February affected profits for many of the companies, which both produce oil in the state and own plants there to convert the hydrocarbons into fuels and plastics.

Chevron's refining and chemical units reported $5 million in profits, down from $1.1 billion a year ago, which Chevron CEO Mike Wirth attributed to the February storm and continuing impact of the pandemic. In total, the storm cut about $300 million from its profit, Chevron said.

Exxon said the extreme weather reduced earnings by nearly $600 million. Meanwhile, analysts attributed the strong performance of BP's trading unit to its ability to capitalize on substantial price fluctuations during the storm.

Despite the improving conditions, Chevron has pledged to keep capital expenditures austere. Mr. Wirth said capital spending decreased 43% from last year during the quarter, citing its corporate restructuring last year that saw as much as 15% of its workforce laid off. Exxon also has pledged fiscal restraint, saying its plan to cut annual capital spending by about 30% remains unchanged.

Some investors are deeply skeptical of the industry notwithstanding climbing commodity prices, according to Paul Sankey, an independent oil and gas analyst. Most of the companies' share prices are still trading below their pre-pandemic levels as investors evaluate the firms' plans to navigate tightening global regulations on carbon emissions.

Earlier this month, President Biden pledged to cut U.S. emissions by about 50% from 2005 levels by 2030, targeting greenhouse gases from power plants, buildings and the transportation sector. Mr. Woods said Friday that Exxon is engaging with officials on climate policy and has urged the government to set a price on carbon, which it says would spur investment in carbon-reducing technologies.

Mr. Sankey said the industry delivered poor results for years from their core oil business before the pandemic, leaving some to doubt they can reap profits from renewable energy or technologies to reduce carbon emissions, which some of the companies have promised to do.

"Their track record is not good enough for them to get into a new theme, because they did so poorly on the old one," Mr. Sankey said.

Write to Christopher M. Matthews at christopher.matthews@wsj.com

(END) Dow Jones Newswires

waldron
30/4/2021
13:45
With up to 24 countries on the approved UK green list from May travel and thus oil consumption will increase ++
justiceforthemany
30/4/2021
06:44
Hells, They are reporting purchases from 28th and 29th April respectively
biddy74
30/4/2021
03:21
was that two buybacks on the rns? never seen two on one day before.
hellscream
29/4/2021
21:53
In the developing world it will take a century - at least. Anything less will inhibit the continuation of industrialisation.
pander45
29/4/2021
19:14
Op manipulation for the funds and the mms families Remember the U.K. as. No regulation to act they all have their Hands in the till .The fca are a disgraceful org of corruption the pra boe all in the Cesspit of corruption this is why you very rarely see one the big Insider dealers charged or even mentioned
portside1
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