Bp Share Discussion Threads

[drectly] 31/10/2023 19:58

The temporary boss not worried about an unlikely t/o. Well I am sure he is not, I am sure he has enough free options to retire rich and happy if there was a t/o.

[hellscream] 31/10/2023 14:42

who would of thought green doesnt pay.

can see now why looney was pushed.

[ozzmosiz] 31/10/2023 10:46

Cancel your TV license and hit the BBC where it hurts. You can still legally watch streaming and catchup (not iPlayer though)

[mickinvest] 31/10/2023 10:30

Wouldn't have guessed pander, thanks for clarifying.👍

Never watch BBC news now other than local news.

[pander45] 31/10/2023 10:19

Its a woke, anti-capitalist, sickly green self serving agenda pushing wholly hypocritical organisation of the worst type - funded by very people that it transmits its biased bile to. In case you are in any doubt, I am not keen.

[qazwsxedc69] 31/10/2023 10:11

Ummmm.....the share price falling 4% can quite clearly be classed as a "slump"

The Q3 profit did miss the forecast.

It was at least partly due to weak gas.

No slant. You are just projecting.

[pj84] 31/10/2023 09:31

some extracts from the above article: -

...

"The company has been left highly-vulnerable to an opportunistic swoop, first by the sudden departure of boss Bernard Looney, and now by what could prove to be a final wave of industry consolidation unleashed in America."

...

"It is the deal that keeps getting away. In his memoirs Lord Browne, the former BP chief executive, revealed how management had wanted to merge with Shell in 2004.

Browne said it seemed “so obviously right to me and the executive team” but their plans never went any further because several board members didn’t want to rock the boat.

Obviously a tie-up would be subject to much scrutiny from the competition authorities.

But when Shell last looked at a possible bid for BP, the consensus was that their respective operations would be complementary because there was actually little overlap. The same may be true today.

A straight takeover of BP is unthinkable so a deal would have to be badged as a merger. There might be considerable disquiet in the Netherlands at such an arrangement given that Shell, with a market cap of £180bn, is worth twice as much as BP currently.

But the re-domiciling of Shell’s headquarters from the Hague to London means such concerns would be far easier to dismiss than previously. Even the “Royal Dutch” aspect of its name has been ditched.

Environmentalists will be alarmed at what such a union would mean for BP and Shell’s climate commitments but perhaps that wouldn’t matter as much as feared.

There are literally thousands of specialist renewable companies with far greater green credentials than the dinosaurs of Big Oil and they’re not restricted by the same overwhelming conflicts of interest. Let Shell, BP, Exxon and the rest have one final hurrah.

Allow them to run down their operations and hand the spoils to investors. Shareholders will then be free to plough the additional capital into a new generation of genuine clean energy trailblazers to lead the charge."

[mickinvest] 31/10/2023 09:29

It was until the US decided it wanted to try and destabilise the area and Europe. Now there's only one winner and Germany and Europe will no longer be a threat to US economically.

[jackpotjack] 31/10/2023 09:05

Yes Russia was much better plan.

[younasm] 31/10/2023 08:18

Closed most of the short positions - hopefully it will remain in the 480-520p range until New Year.

[veryniceperson] 31/10/2023 08:16

Back below 5.00 soon.

[veryniceperson] 31/10/2023 08:07

Great opening - 21. Never expected that.

[blueball] 31/10/2023 08:05

Increase your short.

[netcurtains] 31/10/2023 08:04

Pearson do OK being more or less US as do REL and Ashtead

[mickinvest] 31/10/2023 08:00

The sooner BP stops buy US trash the better. Little good comes from investing in the US, the odds must be 10 to 1 for a European company making a success of anything they buy there.

[gwatson56] 31/10/2023 07:48

US wind write down $540M ….paid $1.1B. The sooner BP splits off renewables to get some discipline imo the better. Way undervalued due to current strategy. Results below what market expected. Perhaps we need an old style oil man to lead the company and get some discipline to renewable margin outcome.

[veryniceperson] 31/10/2023 07:46

The share they buy-back they don't have to pay a dividend on. It will go on the share price eventually. Eventually, the buybacks will stop, and dividends will rise. While the share price is low, they get more bang for their bucks. Not one hundred per cent, but I bet they had to issue more shares to help pay for the GOM disaster?

[laurence llewelyn binliner] 31/10/2023 07:41

Net debt reduced by USD1.3BN to 22.3BN A further USD1.5BN share buybackAnother 7.27 cents dividendHolders should not expect a dividend raise every quarter, they are going up every 6 months recently, complimented by the BB, a decision quite possibly influenced by recent windfall tax Gov policy and wider sentiment towards shareholder payouts..

[richvandam] 31/10/2023 07:33

4% year means it would take around 10 to get back to pre COVID level dividends.

[russ1983] 31/10/2023 07:32

It's a poor update. Profits only 3.3 billion Vs 4 bill expected