Bp Share Discussion Threads

[skinny] 10/11/2021 16:10

Brent down, dollar up.....

[skinny] 10/11/2021 12:08

As it says in your post - The ex-dividend date will be 10 November 2021 for ADS holders and 11 November 2021 for ordinary shareholders.

[marktime1231] 10/11/2021 12:04

A little confusing, some screens are showing ex-div as 10 Nov eg today. However, the 2 Nov announcement says ...

"Dividends payable

BP today announced an interim dividend of 5.46 cents per ordinary share which is expected to be paid on 17 December 2021 to ordinary shareholders and American Depositary Share (ADS) holders on the register on 12 November 2021. The ex-dividend date will be 10 November 2021 for ADS holders and 11 November 2021 for ordinary shareholders. The corresponding amount in sterling is due to be announced on 7 December 2021, calculated based on the average of the market exchange rates over three dealing days between 1 December 2021 and 3 December 2021."

For ordinary shareholders ex-div is tomorrow, 11 Nov.

[klotzak] 10/11/2021 11:43

7p up today, 4 down tomorrow, then back to business.

[skinny] 10/11/2021 11:20

Yes, considering Brent is off.

[klotzak] 10/11/2021 11:19

Yes, just have to see what the exchange rate brings us for Dec divi now.

[optomistic] 10/11/2021 11:07

...and I had x/d down for the 10th. Cheers Skinny ;-/

I see it's the ADR's x/d ours is the 11th
Still it's a good day for the shares...

[skinny] 10/11/2021 11:03

Ex-dividend is tomorrow :-)

[optomistic] 10/11/2021 10:59

Plus 8p on x/d day!
Market looking for a positive release very shortly?

[hazl] 10/11/2021 08:02

A good start.

[spacecake] 08/11/2021 17:57

All a bit late, there's a multitude of legislation what lacking is boots on the ground, self regulation rarely ever works.

Is Turkmenistan a signatory, it really needs to be.

[hazl] 08/11/2021 09:52

He's been grumpy before perhaps don't take it personally?

[kasamavic] 08/11/2021 05:03

Care to expand on that?If the price of oil made such a difference, then we'd be well above where we are now.

[klotzak] 07/11/2021 22:54

Bellend, either answer or keep your pathetic thoughts to yourself.

[kasamavic] 07/11/2021 21:47

Whatever price the market makers want it at is a good guey.

[exotic] 07/11/2021 21:26

".. Brent crude to trade at $95 a barrel by January .."


Approximately what share price would that equate to?

[zulu_principle] 07/11/2021 20:17

SINZU - many thanks. Interesting read.

[sinzu] 07/11/2021 20:00

Why going green will boost Shell and BP shares

The more the world turns to alternative fuels, the more in-demand gas and oil will become


The drive to decarbonise the world will push up the share price of oil and gas firms until at least the end of this decade, analysts claim.

As global leaders bash out plans to reduce reliance on fossil fuels at the Cop26 summit in Glasgow, energy firms are reaping the benefits of a global crunch in supply as well as pressure to stop the development of new coal, gas and oil fields.

Andrew Bailey, the governor of the Bank of England, said: “As we substitute out of more damaging hydrocarbons, coal obviously being a case in point, we will probably see increased demand for some other hydrocarbons [ie gas] during the transition.”

The supply of fossil fuels is set to peak in about 2025 thanks to international agreements, but demand is not expected to fall until at least the end of this decade, according to the investment bank Morgan Stanley. The company now expects the price of Brent crude to trade at $95 a barrel by January, up from a previous estimate of $77.50. Last week it was trading at about $83.

Martijn Rats, a commodities expert at Morgan Stanley, said: “For the world to decarbonise, both the demand and supply for fossil fuels need to decline, but getting these two things to sync is challenging. On current trends we expect oil and gas demand to peak by the end of this decade, but we expect the peak in supply by 2025. This could support commodity prices, at least until 2030. If you want to slow down fossil fuel production by the end of the decade, you have to take steps to do that now.”

Energy firms were severely affected by the pandemic as demand plunged, but supply constraints have been a boon for investors. The MSCI World Energy index, which represents the price of traditional energy firms, is up 48.3 per cent this year, while the Global Alternative Energy index, which tracks the performance of firms involved in renewable energy, is down 1.4 per cent. The FTSE is up about 10 per cent.

Georgina Cooper, a co-manager of the Dunedin Income Growth Investment Trust, which includes the French oil and gas firm Total Energies in its top ten holdings, said: “The cash flows and profits of large oil and gas firms are benefiting from higher prices as a recovery in demand for hydrocarbons meets markets that are still somewhat constrained by supply.”

BP’s share price is up more than 30 per cent this year, while Royal Dutch Shell has risen 25 per cent. They are both still down about 30 per cent from their pre-pandemic peaks, however. Glencore, the world’s largest exporter of thermal coal, is up more than 40 per cent this year, while Whitehaven Coal, the Australian miner, has risen 48 per cent.

Force firms to change
Instead of selling their stakes in traditional energy firms, investors seeking a greener bet are being encouraged to participate at annual meetings and vote to sway board decisions. Those invested in publicly listed firms such as BP and Shell can influence their direction. Investors can also vote on the decisions taken by investment trusts — listed companies that hold shares in other firms and in which investors can buy shares.

Last week Interactive Investor became the first large investment platform to automatically opt customers into its voting service, meaning they will be invited to participate at annual meetings.

Investors are already putting pressure on large oil firms to change direction. The activist hedge fund Third Point, which owns about $750 million of Shell stock, has been calling for it to split, with one part focusing on the traditional energy sector to generate reliable income, and another focusing on renewables. Richard Hunter from Interactive Investor said: “Shell is not in agreement, maintaining that the generation of cash from its oil and gas businesses is required to fund the considerable investment needed in often untested sources of energy.”

Laith Khalaf, an analyst at AJ Bell, said: “Whether to invest in oil and gas companies is a personal decision, a little like whether to make the move to an electric car. What the recent petrol pump crisis has highlighted, though, is that many people are still reliant on the likes of BP and Shell to keep their engines running, and it doesn’t make a huge amount of sense to fully divest from these stocks in your portfolio if you are still using their products at the pump.”

Environmental, social and corporate governance, or ESG, is the latest buzzword in the investment world as fund managers seek to capitalise on growing demand and market their products with the label. In the first nine months of 2021 a net £26.8 billion was added to ESG funds but £21.2 billion to non-ESG products, according to the analyst Refinitiv.

However, definitions for ESG are broad and can include those investing in fossil fuel companies or regimes that few would regard as socially responsible.

How do I invest?
Large fossil fuel companies, particularly those based in Europe, are investing in more renewable sources of energy, making them attractive for long-term investors, according to Khalaf at AJ Bell.

“Some names previously associated with a big carbon footprint have changed their spots and are now at the vanguard of the clean energy transition,” he said. He tips the Danish renewable energy company Orsted, which is favoured by many ESG fund managers. Over the past 12 years the firm has transformed from a coal-guzzling heat and power supplier into a leader in renewable energy. However, the company recently warned of difficult conditions for the sector owing to supply chain hold-ups and rising raw material prices. Its share price is down 31 per cent this year.

Khalaf also suggests the UK firm Drax, once the largest coal-fired power station in western Europe. It has reduced its carbon emissions by more than 90 per cent since 2012 and now produces 12 per cent of the UK’s renewable electricity.

“These examples show that pollutive energy companies can be part of the solution to climate change in a relatively short time frame, if they put their mind to it,” said Khalaf. The Drax share price is up 42 per cent over a year.

Jason Hollands at the wealth manager Tilney likes the Guinness Global Energy fund, which is down 16 per cent over three years compared with a sector average rise of 37.7 per cent. It charges 0.99 per cent a year on top of platform and adviser charges. Guinness Global Energy was one of the top-selling funds last month, according to Interactive Investor.

For those interested in renewables, analysts at Interactive Investor tip the Gravis Clean Energy Income fund, which invests in firms supplying and storing clean energy. It is up 75 per cent over three years compared with a sector average of 28.3 per cent. It charges 0.81 per cent a year on top of platform fees. If you use an adviser, expect to pay about 0.5 per cent a year more.

For a lower-cost approach, it suggests iShares Global Clean Energy exchange traded fund. It costs 0.65 per cent a year on top of platform and adviser charges.

[zulu_principle] 07/11/2021 18:36

Is anyone able to post a text version of the article for those of us without ST subscriptions? Many thanks.

[hazl] 07/11/2021 14:45

Thanks for posting it up.

[hazl] 07/11/2021 10:18

Interesting piece in the Business section of the Times today.

BP In the headline.