Bp Share Discussion Threads

[planit2] 03/6/2021 12:18

The share buybacks haven't started properly yet. Promise of 60% of free cash flow this year which now looks substantial with the current oil price.

[cocopah] 03/6/2021 10:56

Absolutely Gateside and as the pound grinds up and up against the dollar so the divi yield becomes lower and lower percentage-wise! The dividend needs looking at now (not next year) it’s too low and does little to attract buyers and support the s/p. The paltry impact (if any) of the share buybacks evidences this. With oil over $70 a barrel the stock price should be much higher.

As a side note I think that it’s always a bit rich when published yields do not include the currency computation and thus advertise/communicate a false ‘real’ yield (I face the same with other investments like CEY).🤷‍;♂️

[gateside] 03/6/2021 08:17

Remember the dividend is declared in US$ and this needs to be converted to UK£

[klotzak] 03/6/2021 08:12

Your yield calculation is wrong, vnp. 3p per quarter, divided by share price, use 320 and you get a decent yield of 4.6%. If you are working it out on your own purchase figures it could be worth mentioning that?

[ny boy] 03/6/2021 07:59

Long term hold for me, funds are buying the majors,as a strong outlook for the oil sector

[veryniceperson] 03/6/2021 07:41

They are paying nearly 6% at the moment and probably thinks that's not a bad retune. Hopefully as the share price continues to rise the dividend will to. The share buyback should help out eventually down the line.

[hellscream] 03/6/2021 04:54

didnt we get our dividend cut 50% because oil was never gonna go back over 60$ again, remember the ceo telling us this.

[ny boy] 02/6/2021 21:22

Melt up coming

BP is way too cheap based on current fundamentals…way too cheap imo

[ny boy] 02/6/2021 21:19

Strong oil price, BP must be creaming it, happy to hold, will double over the next 12/24 months imo

[gwatson56] 02/6/2021 16:56

Ørsted expects an average return on capital employed (ROCE) for 2020-2027 at 11-12 percent...... bp at 8-10 percent seems ballpark ok to me.



edit 20:21

More uncertainty in the Middle East this PM...

[hellscream] 02/6/2021 16:40

oil at this price the shareprice should be £4+

[planit2] 02/6/2021 16:13

I also was confused about the buybacks and thought they weren't finished (250-300m done).
Share price today is above where they have been buying (under 310) but they weren't buying last week when it was under 310.

Perhaps their models are predicting a pull back in oil soon.

Perhaps I will sell and buy back when they start buying LOL

[meb123] 02/6/2021 15:27

I hope this is heading for 350 anytime soon

[richvandam] 02/6/2021 13:13

Has the buyback stopped?? Sure they have around half to go?

[plastow] 02/6/2021 11:52

Let's see if Brent will make a move above the resistance looking good atm

[gwatson56] 02/6/2021 08:36

Just missed holding $68 for WTI yesterday. I read a piece that noted that closure above $68 would set the stage for the 38.2% Fibonacci expansion at $70.37. The 50% level is $74.42.

Always thought that Fibonacci was not relevant. This is a good test to see if those proponents of this theory have something....

These are WTI figures so add circa $2.5 for Brent.... eyes down.

One read that I came across was the tobacco 'playbook' and its relevance to oilers today... seem to remember Messr Woodford bemoaning that he never had enough of tobacco at Invesco when out of vogue and the share price of tobacco co's just went up and up.

Should get an RNS re divi next week .. then 7 days away from the qtr 2 guidance (pivital in my view for the medium term).

[klotzak] 01/6/2021 21:31

Potty Portside, why are you shorting the US dollar, you bellend?

[klotzak] 01/6/2021 17:57

Not convinced this is the late market correction, but the profits are rolling in.

[plastow] 01/6/2021 17:30

Let's just hope now oil has double topped it gets above resistance and moves above 7113

[portside1] 01/6/2021 17:05

Electric cars are more are more a danger to global warming than petrol fact ,It's all a con ,And those that believe the scam are thick read about the problems with elec cars and the death of the battery's And the co2 to even make these large battery's

[marktime1231] 01/6/2021 16:52

From PowerEngineering ...

"BP has reached an agreement to purchase 9GW of US-based solar development projects from independent American solar developer 7X Energy.

The assets, to be developed through bp’s 50-50 solar joint venture Lightsource bp, will grow the company’s clean energy pipeline from 14GW to 23GW. Therefore, this project will push bp towards achieving its goal of 20GW renewable capacity by 2025.

Dev Sanyal, bp executive vice president of gas and low carbon energy, said: “With this purchase, we are continuing to put our strategy in action as we grow our renewables business in a deliberate and disciplined way. It brings us 9GW of high-quality solar projects in markets where we can create integrated renewable energy offers through our trading and customer franchises.”

The projects are spread across 12 US states, with the largest portfolios in Texas and the Midwest. Assets with a combined generating capacity of 2.2GW are expected to reach the final investment decision by 2025, with the remaining progressing by 2030. Once developed, these projects will have the capacity to generate enough clean energy to power around 1.7 million US homes.

Dave Lawler, bp America chairman and president, said: “bp’s new high-quality solar portfolio will provide low carbon energy, create US jobs and deliver the competitive returns our shareholders expect.

bp will pay 7X Energy $220 million for the projects and 1GW of “safe harbour” equipment and expects the acquisition to complete in 30 days. The projects are expected to meet bp’s disciplined low carbon investment criteria, generating returns of at least 8-10%."

Mostly acquiring the rights and plans for projects, and maybe the land, rather than developments in progress, there is a serious investment required and it will take years to bring the first 2GW on stream let alone 9GW. Hopefully coupled with long duration storage.

However this is a major decision by BP, a pretty busy ten year programme investing in offshore wind in the Irish Sea and off the NE coast of the USA, and now solar across the USA to go with Lightsource projects in places like Portugal, Greece and Australia. And a few solar farms in the UK ... the sun shines here too, we were generating nearly 9GW solar at lunchtime today, twice as much as from wind.

I do not understand what "safe harbour" equipment means, anyone?

[meb123] 01/6/2021 15:27

It's a funny old beast . It will probably go down when oil falls below 70 even though it will be making massive profits even at 60!

[smurfy2001] 01/6/2021 14:51

The share price still doesn't make sense to me. It's massively lagging the market, l have FTSE100 stocks up over 100%.

[spacecake] 01/6/2021 11:34

Non fossil aviation fuel under development, BP has a sustainable aviation fuel project.



BBC write on 'Why electric cars will take over quicker than you think.'



"By 2025 20% of all new cars sold globally will be electric, according to the latest forecast by the investment bank UBS.

That will leap to 40% by 2030, and by 2040 virtually every new car sold globally will be electric, says UBS."

BP need to be ready with more charging points than liquid fuel pumps at it's service stations.