Bp Share Discussion Threads

[veryniceperson] 08/2/2022 09:48

With the removal of another 400 million shares, maybe more than that!

[veryniceperson] 08/2/2022 09:46

Another good thing to help share price.

[smurfy2001] 08/2/2022 09:11

Getting a healthy rise in capital gains so dividend rise not as important.

Hope BP reduce debt significantly again this year to low 20bn.

[adg] 08/2/2022 09:09

I am thinking 12 weeks from now... Brent averaged $77 for the three months of Q4
Thus far Q1 is 5 1/2 weeks in and Brent has averaged about $10 more and still looking strong - it could average $90 for Q1 the way things are looking
450 is a very real possibility by next update

[veryniceperson] 08/2/2022 09:04

15 points over 2 days bound to happen.

[investorwil] 08/2/2022 09:00

Profit taking?

[veryniceperson] 08/2/2022 09:00

I get your point rich. When they cut the dividend (the covid excuse), I just reinvested the dividend money. I've got another 2 years before I retire. I'm hoping he will reinstate a decent hike in 2025. We need a decent level for the oil price to hover around. I like good housekeeping at the moment. I'm happy with them.

[hazl] 08/2/2022 08:56

Thanks.


It looks good to me!

[planit2] 08/2/2022 08:50

rich, I think you are missing the point that you now own a higher percentage than you did a year ago so you can sell a few shares and still own the same part of BP you did before.

So if BP buys back 4% of shares and cancels them you need to sell circa 4% of your shares to keep your shareholding stable. This money will then make up for the lower dividend.



If you take it to the extreme and BP bought back every share you didn't personally own you would then own 100% of BP! I bet you wouldn't mind that.

[richvandam] 08/2/2022 08:37

I’m a long term holder and see more value in obtaining a dividend than an increase in pocket value of my holding, given it was cut 50% due to COVID-19 excuses. The profit is only realised if I sell my holding. Surely the point of investing in a company long term is to create a passive income, unless I tuck it away and wait for another 40years and hope for the best….why would a long term holder sell his holding.

[crazi] 08/2/2022 08:36

Great results. Far better than 2019. With buyback support this will be in the 450 to 500 region again soon enough... imho

[veryniceperson] 08/2/2022 08:32

4% a year to keep with inflation. If inflation runs away, they may increase it a little.

[veryniceperson] 08/2/2022 08:30

No, it's a mix of both rich. rich, I'm a long-term holder. Personally, I like to see the buybacks and cancelling of shares; it makes our holdings worth more. rich are you in and out trader or long-term that does make a difference. Each to our own!

[hazl] 08/2/2022 08:24

Chuckle as Waldron would say!

Yes future is terribly important however good the results.

[hazl] 08/2/2022 08:23

I'm used to aim stocks and I must say the advantage with the better known companies is the spread.




Brilliant.

[veryniceperson] 08/2/2022 08:21

The important bit. Really!

[dovey21] 08/2/2022 08:20

Good results and a nice rise. I read a post regarding the lack of Divi increase!?..this seems odd as no increase was expected as per the strategy to 2025.

[adrian j boris] 08/2/2022 08:20

BP PLC said Tuesday that it is launching a $1.5 billion buyback and reported higher-than-expected earnings for the fourth quarter of 2021.

BP intends to execute a $1.5 billion buyback prior to its first-quarter results, and declared a dividend of 5.46 cents a share for the fourth quarter, in line with the previous period.

The British oil-and-gas giant made an underlying replacement cost profit of $4.07 billion in the fourth quarter, beating the company-compiled market consensus of $3.93 billion--averaged from 26 brokers' estimates. This represented an increase from $3.32 billion in the third quarter and from $115 million in the fourth quarter of 2020, when oil-and-gas prices were lower.

Full-year underlying RC profit was $12.82 billion, swinging from a $5.69 billion loss booked in 2020 and exceeding the $9.99 billion profit reported in 2019, before the pandemic started.

Net profit was $2.33 billion for the fourth quarter and $7.57 billion for 2021.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

February 08, 2022 02:35 ET (07:35 GMT)

[mike24] 08/2/2022 08:12

what will the share price be when oil hits $100
caused by all the unrest in the world

[hazl] 08/2/2022 08:10

The important bit



Transformation to Integrated Energy Company on track,

aims to g row earnings through 2030

and accelerate net zero ambition

-- Confident in delivering 2025 targets, aiming to grow EBITDA to 2030.
-- Aims for EBITDA from resilient hydrocarbons now to be sustained out to 2030.
-- Expects investment in transition growth businesses to be over 40% of bp capex by 2025.
-- Aiming to generate $9-10bn EBITDA from transition growth businesses by 2030.
-- bp now aiming to be net-zero across operations, production and sales by 2050 or sooner.

[hazl] 08/2/2022 08:08

The British oil-and-gas giant made an underlying replacement cost profit of $4.07 billion in the fourth quarter, beating the company-compiled market consensus of $3.93 billion--averaged from 26 brokers' estimates. This represented an increase from $3.32 billion in the third quarter and from $115 million in the fourth quarter of 2020, when oil-and-gas prices were lower.

Full-year underlying RC profit was $12.82 billion, swinging from a $5.69 billion loss booked in 2020 and exceeding the $9.99 billion profit reported in 2019, before the pandemic started.

Net profit was $2.33 billion for the fourth quarter and $7.57 billion for 2021.

[hazl] 08/2/2022 08:07

You were right!

BP. Stood for bumper profits!

[charlie9038] 08/2/2022 08:04

Great results up we go