Bp Share Discussion Threads

[cocopah] 06/6/2021 22:18

Even worse the divi is collapsing towards 4% ... 4.6% now and falling!🙈
28584;

[klotzak] 06/6/2021 08:42

Dividend is announced in Sterling as 3.707 pence per share. The BP site is out of date.

[notbitcoin] 05/6/2021 18:06

Less shares because buy back
= More divi

[waldron] 05/6/2021 08:41

ihsmarkit.com/research-analysis/germany-pledges-10-billion-for-hydrogen-projects-by-shell-bp-t.html

Climate and Sustainability Research & Analysis
Germany pledges $10 billion for hydrogen projects backed by Shell, BP, Total, others
04 June 2021 Cristina Brooks

Majors BP and Shell, utilities like Vattenfall and RWE, and chemical refiners like BASF, Linde, and Dow all are likely to benefit from promised German state funding for 62 hydrogen projects.

Their projects are due a share of over €8 billion ($9.73 billion) in German state and federal funds announced jointly by Germany's Federal Ministry of Economics and Federal Ministry of Transport on 28 May.

An additional €20 billion ($24 billion) in backing for projects is set to come from private investors and other sources so that funding levels reach an expected €33 billion ($40 billion).

Germany's funding for the projects is contingent on the outcome of an application for EU State Aid law exemptions under the EU's Important Project of Common European Interest (IPCEI) program. The EU put out a call for proposals to regional companies to join a hydrogen IPCEI in December.

[cocopah] 05/6/2021 08:14

BP haven’t declared this quarter’s dividend in sterling yet but at 1.41 exchange rate it’s likely to be a paltry 3.72p per share ... there is the problem right there the dividend is simply too low.🤷‍♂️

[the grumpy old men] 04/6/2021 18:24

Is Royal Dutch Shell Stock a Buy?
Shell had a solid plan for the future. Or at least it did until things got a little more complicated. What should investors do now?
Reuben Gregg Brewer
(TMFReubenGBrewer)
Jun 4, 2021 at 11:25AM
Author Bio

Royal Dutch Shell (NYSE:RDS.B) is one of the largest integrated energy companies on Earth. That has put it in the crosshairs of environmentalists looking to take on global warming. The company has started to do something about this issue, but it may not be enough to satisfy detractors. That could make life much more difficult for Shell and its shareholders.
The big change

Shell made the very difficult decision in 2020 to cut its dividend by a huge 65%. There were two reasons why the giant energy company took this step. First, drilling for oil requires a lot of capital investment, and at the time weak oil prices were making it difficult to fund spending needs. Second, the company announced plans to alter the makeup of its business, shifting toward growth in cleaner energy businesses and reducing its emphasis on oil.
A smiling person in front of wind turbines.

Image source: Getty Images.

That second announcement was notable, as it meant that Shell had heard what investors, governments, and environmentalists were saying about reducing carbon and it was taking action. Some of its peers, notably Chevron and ExxonMobil were, and for the most part still are, dragging their feet on this front. Shell's goal is to get to net zero carbon by 2050, with interim goals of a 20% reduction by 2030 and a 45% reduction by 2035.

There are a lot of moving parts to this plan, but it entails reducing oil production, increasing natural gas exposure, and ramping up investment in renewable energy. Shell is not new to the clean energy space either, so it has some expertise to build off of. The goals seem reasonable, but there's one key thing investors have to remember -- the oil business, though shrinking, is helping to fund the transition to a cleaner future.
A wrench in the gears

Everything seemed lined up for Shell. It had even gotten back to increasing its dividend, now having raised it twice since the cut. That was meant as a sign to investors that the company was financially strong and could be trusted to address clean energy concerns and maintain a growing dividend over time. Based on shareholder proxy voting, investors appeared pleased with the direction the company was heading. Then Shell lost a court case in Europe around its environmental impact.

TOT Dividend Per Share (Quarterly) Chart

TOT Dividend Per Share (Quarterly) data by YCharts

The big takeaway from the case is that Shell was told to increase the pace of its clean energy transition. The court mandated target for carbon emission reduction was 45% by 2030. That pushes forward the 2035 goal by five years, but means more than doubling the carbon reduction originally planned for 2030. This is a massive change.

The company responded by outlining the steps it has taken so far and plans to take in the future. And by saying it will appeal the decision. That is the logical step for Shell, but investors need to consider what happens if it loses this fight. Most notably, it will likely have to divest more oil assets to meet the court's mandate. That means less revenue to support the shift toward clean energy. In turn, this will probably lead to increased use of the balance sheet to fund the transition. That is not an ideal solution.
What to do about it?

At this point, nothing is likely to happen in the near term. However, investors looking for a long-term energy investment might want to step back here and rethink how they go about putting their money to work. This isn't to suggest that Shell is a bad company, only that the court loss raises the risks for this energy company in an unpredictable way.

The best alternative right now is likely Total (NYSE:TOT), which is going down a similar clean energy path, has maintained its dividend, and has shareholder support for its transition. Alternatively there is BP, but the company's 2020 dividend cut and high leverage compared to peers are issues that some may, justifiably, find concerning. That said, be prepared, if Shell does end up losing this fight, it is likely that other energy names will find themselves facing similar problems down the line.

Should you invest $1,000 in Royal Dutch Shell plc right now?

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[smurfy2001] 04/6/2021 16:05

Oil up BP down - great!

[smurfy2001] 04/6/2021 14:29

planit2, is it inline with the oil price? Nope.

[richvandam] 04/6/2021 09:52

...”virtually nothing around me is the direct result of oil extraction.”

🧐

[optomistic] 04/6/2021 09:00

...going back to where it was a couple of years ago perhaps?

[planit2] 04/6/2021 08:54

Share price is up over 60% in the last 7 months, what do you call good share price progress?

[smurfy2001] 03/6/2021 18:59

Terrible share price progress more like, someone needs to put some BP in their tank and press the pedal to the metal.

[marktime1231] 03/6/2021 18:39

Good progress with the share price today reflecting Brent holding up over $70. OPEC+ seems to be proceeding in accord and, in the US at least, there are signs of promising recovery in demand. Judging by the increase in vapour trails over England it seems air travel is enjoying the early stages of air travel recovery too, more people than expected have been enjoying a half-term getaway.

Looney has warned us that Q2 net cash will be limited by factors such as the payment of the next Deepwater Horizon levy, it is in H2 where surplus cash will be able to ramp up the buybacks. Mind you at these oil prices (and gas prices, which I think are also holding up) the profit and cash flow must be exceeding BP's own conservative expectations ... I wonder if they will have to issue an update ahead of Q2's on 3 August,

And it is early in his tenure but for the most part I would say Looney seems to be steering BP in a good direction, making early stage investments in strategic long term renewable energy projects, making disposals where it can, keeping parts of the old business which it can make the most of and try to persuade the climate lobby to bear with us during the transition.

[optomistic] 03/6/2021 16:18

Saudi energy minister Prince Abdulaziz bin Salman has read the International Energy Agency’s recent blockbuster report outlining a roadmap for the world to achieve net-zero carbon emissions by 2050 and is not impressed.

His review: Zero stars. Two thumbs down. Unworthy of consideration.

[gwatson56] 03/6/2021 15:49

BP Q&A Transcript.......Decent read...

Notes but not confirms 27% reduction @2030.... not 40% due to Rosneft holding...

[richvandam] 03/6/2021 14:49

Spacecake you have no idea how the oil industry actually works. If you could live one day without the reliance of oil you’d be living in the desert / jungle with no clothes or worldly possessions. Everything around you is the result of oil extraction, the very bed you lay on, the house that you live in, every electronic device, formed in someway form with or actually from oil.
Fossil fuels account for less than 45% of oil extraction usage, good luck to a life without oil.

Here is a little primary school level diagram to ponder over:-

[spacecake] 03/6/2021 13:53

I'm not quite sure if BP's transition plan is more like business as usual, the only concession to exploration is "no exploration in new countries" which seems as limp as a damp lettuce.
At the very least you would have thought they would be suspending exploration drilling until net zero is reached in their home country, delaying projects such as Clair Ridge south ect ahead of the COP 26 in November 2021.

[johnwise] 03/6/2021 12:58

The Global Warming Lie Update:


EU carbon border costs to apply on steel, cement, power

The European Union plans to impose carbon emission costs on goods including steel, cement and electricity, reported Bloomberg late on Wednesday.



EU and Bill Gates team up in $1bn investment push for clean tech

The European Commission announced a partnership with Bill Gates’ sustainable energy funding vehicle in a move to try and generate new investments for clean tech and sustainable energy projects totalling up to $1bn over five years.



The evidence global warming isn't happening..


Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore


VIDEO: Bill Gates Slams Unreliable Wind and Solar Energy


VIDEO: European Parliament Told 'There is No Climate Emergency!'


Global warming a total “hoax and scam” run by corrupt scientists, warns Greenpeace co-founder


Exposed: How world leaders were duped into investing billions over manipulated global warming data

[johnwise] 03/6/2021 12:56

The Global Warming Lie Update:


EU carbon border costs to apply on steel, cement, power

The European Union plans to impose carbon emission costs on goods including steel, cement and electricity, reported Bloomberg late on Wednesday.



EU and Bill Gates team up in $1bn investment push for clean tech

The European Commission announced a partnership with Bill Gates’ sustainable energy funding vehicle in a move to try and generate new investments for clean tech and sustainable energy projects totalling up to $1bn over five years.



The evidence global warming isn't happening..


Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore


VIDEO: Bill Gates Slams Unreliable Wind and Solar Energy


VIDEO: European Parliament Told 'There is No Climate Emergency!'


Global warming a total “hoax and scam” run by corrupt scientists, warns Greenpeace co-founder


Exposed: How world leaders were duped into investing billions over manipulated global warming data

[spacecake] 03/6/2021 12:26

In the long run reinvesting the profits into the transformation programme will give better returns.
High petrol prices will help the transition process.

[aleman] 03/6/2021 12:21

If analysts estimated BP could afford to buy back $2bn to $2.5bn worth of shares at $60 oil, how much can they afford to buy back at $70+? I'm guessing $4-5bn. Call it a bit more than $1bn per quarter?