ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

BP. Bp Plc

466.85
6.20 (1.35%)
18 Jun 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
  6.20 1.35% 466.85 467.35 467.40 468.00 461.55 461.95 32,364,040 16:35:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining 211.6B 15.24B 0.8934 5.23 79.73B
Bp Plc is listed in the Petroleum Refining sector of the London Stock Exchange with ticker BP.. The last closing price for Bp was 460.65p. 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 £79.73 billion. Bp has a price to earnings ratio (PE ratio) of 5.23.

Bp Share Discussion Threads

Showing 107926 to 107948 of 110775 messages
Chat Pages: Latest  4323  4322  4321  4320  4319  4318  4317  4316  4315  4314  4313  4312  Older
DateSubjectAuthorDiscuss
04/8/2023
09:08
A nice rise this morning so far. Opec extension of a million barrels cut for another month.
veryniceperson
04/8/2023
06:14
Oil majors including BP, Eni to resume operations in Libya

Fri, 04th Aug 2023 05:54
Alliance News

(Alliance News) - Three major international oil companies have announced a resumption of their operations in Libya after a 10-year absence, the Libyan National Oil Company said on Thursday.

The NOC said in a press release it "received official notifications from the Italian company [Eni Spa] and the British company [BP PLC] regarding the lifting of force majeure and the resumption of exploration and contractual obligations in the blocks awarded to them in the Ghadames Basin (A-B) and offshore Block C".

It said it had also been notified by Algeria's Sonatrach that "exploration and fulfilment of contractual obligations in blocks 065 and 96/95 in the Ghadames Basin" had resumed.

The Ghadames Basin is in southwest Libya in an area rich in oil and gas on the border with Algeria and Tunisia.

In December, the NOC called on foreign companies with which it had hydrocarbon exploration and production agreements to lift the force majeure they had invoked, arguing that the security situation had improved.

Force majeure is a measure invoked in exceptional circumstances, allowing exemption from liability in the event of non-compliance with contractual obligations.

Crude oil is the main revenue source for Libya, which has been torn by more than a decade of stop-start conflict, involving foreign powers and a myriad of militias, since a Nato-backed revolt toppled strongman Moamer Kadhafi in 2011.

Over the past decade, Libya has been regularly plagued by clashes between rival factions from the east and the west, badly affecting oil and gas operations.

The country sits on Africa's biggest oil reserves but the wedge between the eastern government and a United Nations-recognised administration in Tripoli has hampered Libya's efforts to sharply ramp up output in response to a surge in European demand for non-Russian oil and gas.

Production has recovered in recent months to reach 1.2 million barrels per day, most of which is for export.

source: AFP

ariane
03/8/2023
08:08
No chance - they ransack other people's
scruff1
03/8/2023
05:48
bout time the greens put there hands in there pockets for a change.
hellscream
02/8/2023
19:12
We won’t invest in green energy for the sake of it, says BP boss

Investment needed in both fossil fuels and renewable power, warns Bernard Looney

By Matt Oliver
1 August 2023 • 7:39pm

The boss of BP has warned that the oil giant will not invest in green energy schemes unless they are profitable enough, as rising costs make a string of offshore wind farms unviable.

On Tuesday the blue chip company became the latest producer to reveal a drop in profits, with oil and gas prices down from the highs they reached following the outbreak of the Ukraine war.

In the wake of the crisis, Bernard Looney, BP’s chief executive, said investment was needed in both fossil fuels and renewable power to boost global energy security.

But he also warned that green energy schemes had to pay their own way, as oil companies face pressure from investors to focus on fossil fuel production rather than less profitable wind and solar farms.

It comes as a string of offshore wind farms face being delayed or shelved, as rising costs wreck the business cases for investing in them.

BP already scaled back its green targets earlier this year after making record profits of $27.7bn (£21.7bn) in 2022 off the back of soaring oil and gas prices.

At the same time, Mr Looney warned inflation had “clearly impacted offshore wind projects”.

But he said: “What I can tell you categorically is that our returns threshold is sacrosanct – we will not develop projects that don’t meet our returns threshold.”

He said the company would only invest in offshore wind where it could directly benefit from the power generated, adding: “We don’t want to generate electrons just for electrons’ sake.”
….

pj84
01/8/2023
12:37
Wind and renewables are a brave choice with the cost of capital rising so much. Everyone wants into that sector so I don't see how any money will be made.
planit2
01/8/2023
11:58
There you go. Terrible results, a huge miss, so bad it was negative surplus cashflow! Sharply rising debt despite depressed capex, so not performing while not transforming. Raiding the kitty to fund an expected dividend rise and another smaller buyback.

Called this right then. Except the share price has firmed. Walks away whistling.

marktime1231
01/8/2023
11:43
Oil major BP posts 70% drop in second-quarter profit, raises dividend by 10%



Published Tue, Aug 1 2023
2:05 AM EDTUpdated 3 Hours Ago

Sam Meredith
@smeredith19

Key Points

Oil major BP on Tuesday reported a nearly 70% year-on-year drop in second-quarter profits on the back of weaker fossil fuel prices, echoing a trend observed across the energy industry.

The British energy major posted second-quarter underlying replacement cost profit, used as a proxy for net profit, of $2.6 billion.

Analysts had expected BP to report second-quarter profit of $3.5 billion, according to estimates collated by Refinitiv.

waldron
01/8/2023
08:51
Quite, but the share buy back may help stablise the market price. Looks good value to me
faz
01/8/2023
08:17
Boost even
meb123
01/8/2023
08:17
Seems like that's the way to go for BP . Aim for lower profits to boos the share price .
meb123
01/8/2023
07:48
Yeah so far off of the estimate is a bit of a worry but the divi increase is a plus and I will add further at below 470 if it goes there.

Good luck all 👍🏻

tuftymatt
01/8/2023
07:28
Great update on the dividend but profits awful and nearly a billion below estimates, so so will fall yet again
russ1983
01/8/2023
07:08
Hi all,

BP Q2. dvidend increased by 10% to 7.27 cents, expected to be paid on 22nd September to those on the register on 11th August.

Share buyback of $1.5 bn announced.

Goldpig

goldpiguk
30/7/2023
10:12
I wonder if BP’s trading arm will bolster what will likely be otherwise flat results?
adg
28/7/2023
14:40
Perhaps one positive in that if BPs results are below expectations, won't fall as much
meb123
28/7/2023
14:39
Oops looks like Exxons results at 2.30 tanked BP
meb123
27/7/2023
13:35
VIDEO:

How Fossil Fuels are Greening the Planet

johnwise
27/7/2023
13:34
VIDEO:

How Fossil Fuels are Greening the Planet

johnwise
27/7/2023
13:31
Done, out of BP having been a holder forever. Rolled over in to UKW which is more rewarding and has a great outlook.
marktime1231
27/7/2023
13:22
Gas has been retreating since June last year when it peaked at 10.In January this year it's bottomed out at the average around 2 and yet it's taken 6 months before our bills have come down.I just can't see how they've justified holding prices so high.It's not surprising British Gas earned 10 x what it should have.https://www.m.livecharts.co.uk/MarketCharts/ngas.php#google_vignette
kasamavic
27/7/2023
12:30
A quick look at the consensus of analyst forecasts which predicts BP Q2 2023 replacement-cost profit of $3.5B down from $5B in Q1. That is a 40% fall, for obvious reasons like oil and gas prices retreating. Shell just posted a 47% profit decline so we could be due an earnings miss, or has Shell suffered bad trading which is exceptional to them?

However the BP share price has firmed recently with Brent back over $80, it may have further to travel, and we can expect dividend progress and continuing buybacks. Is the market for gas going to spike again this Winter, is delaying the transition plan undermining BP's future, has IC's change in recommendation from Sell to Hold put the kibosh on prospects?

Trying to time selling off my final tranche of BP bought during lockdown to bank the gains. Maybe use the proceeds to try and trade myself out of a really deep hole on i3E. Or invest in cheap stocks paying better yield which are likely to twang in response to strong signs of inflation under control, such as ...

marktime1231
24/7/2023
06:56
adg
23 Jul '23 - 21:19 - 8222 of 8222
0 0 0

ariane
Chat Pages: Latest  4323  4322  4321  4320  4319  4318  4317  4316  4315  4314  4313  4312  Older

Your Recent History

Delayed Upgrade Clock