Bp Share Discussion Threads

[veryniceperson] 14/12/2023 10:39

Have we finished this quarters share buybacks. They haven't registered them this week at all?

[pj84] 13/12/2023 20:42

"BP

Shares in BP (GB:BP) are trading at an even lower valuation than rival Shell, at just 6.5 times forecast earnings for the next 12 months.

As with Shell, BP is focusing on maximising the cash flows from its existing 36 billion barrels of oil equivalent reserves and using the proceeds for dividends and buybacks.

Some investors are concerned that BP’s push into greener investments such as biofuels, wind energy and electric vehicle charging stations will not be as profitable as investing in oil and gas.

But top-performing fund manager Abishek Periwal, who holds the shares in his Goldman Sachs International Equity Income fund, believes the company has adopted a ‘proactive strategy in the energy transition theme’.

‘BP is pivoting from an international oil company to an integrated energy company, which has been, and we believe will continue to be, positive for its longer-term growth prospects,’ he said in his latest update to investors.

BP’s top Elite Investors
Elite Investor Fund Size in fund Rank in fund
Steven Magill UBS UK Equity Income Fund 8.6% 1/36
Martin Walker Invesco UK Equity 6.8% 1/36
Ed Meier Jupiter UK Alpha Fund (IRL) 4.9% 3/31
Sources: Citywire / Morningstar, latest holdings data."

[abcurtis] 13/12/2023 19:40

Is there not a question to ask if the chair/board have been a bit heavy handed? Risking bp's strategy?

[lammergeier] 13/12/2023 19:10

The oil giant will also 'claw back' some of the money already paid to Mr Looney, including 50 per cent of the cash bonus handed to him in 2022, when he was paid a total of £10million, including £8.4million in bonus and share awards.

[skinny] 13/12/2023 10:04

Goldman Sachs cuts BP price target to 620 (640) pence - 'buy'

[abcurtis] 13/12/2023 09:41

Do we? The strategy has not changed.

[huckers] 13/12/2023 07:22

An FT video looking at US Shale: "Big deals in US shale may not mean boom times are back". May be of interest.

www.youtube.com/watch?v=X2VTAKN1ZoI

I have a small position in BP, having sold most of it in the 550-570p range. I have an order in at 456p to start rebuilding it.

[cumnor] 12/12/2023 22:27

The world has changed-the Arabs danced to the POTUS tune re oil production and prices precovid.....now MBS doesn't give a s.it about what JB or the US says and will work with Russia (world's biggest supplier) and XI (no oil but will get it half price from SA and Putin) so future bright for majors imo. Don't be deluded re present WS games, or green claptrap.

[action] 12/12/2023 21:08

448p for BP on card?

[action] 12/12/2023 21:07

Exxon hitc52 week low..

[hellscream] 12/12/2023 17:29

we all know looney was pushed because he went too heavy in green.

[hellscream] 12/12/2023 17:26

hope for £4.40 for dividend, hope a big build tonight. they never let the shares go up anyway, might aswell get some value. 99% of my profit in the last 11 years are all from the dividend anyway.

[scruff1] 12/12/2023 14:08

It may be 'green' (so why do they want to replace our gas boilers?) but its hardly 'renewable' which is what they are reported to want to be. Doesnt compute in my admittedly small brain.

[abcurtis] 12/12/2023 10:48

Why is bp selling it. If it wants to be an Integrated Energy Company?

[hellscream] 12/12/2023 05:37

hope trump wins the election 2024, peace with russia is in our best intrest, while we hold an wild card in rosneft.

[hellscream] 12/12/2023 05:34

they do class gas as green.

[scruff1] 11/12/2023 15:47

Maybe Im being thick but if Gunvor wants to build its presence as an renewable energy company - why is it buying a power plant running on natural gas ?

[hellscream] 11/12/2023 05:47

NO! please hedge fund gods, dont push the shares up 20p in the next 10 days.... i want my dividend to buy cheap.

[action] 09/12/2023 10:04

I will be going for contrarian buy as it gives you value for money. Plus takeover target looking at recent memlga merger trends in USA in oil sector. I will wait for 450p b4 topping up again as you suggested. GLA.

[daler1966] 08/12/2023 14:15

On a rise ,is this the next up would trend.