Bp Share Discussion Threads

[veryniceperson] 26/2/2024 20:32

Totally agree, hellscream. About time they made it back up.

[f56] 26/2/2024 19:45

The ultimate proof that global warming doesn’t exist is depicted clearly in the bbc weather forecasts. How often do people click on the temperature icon on the bbc weather forecast and it comes up highlighted with the statement that it feels like 3 degrees less than the actual temperature and this tends to occur more often than not; in addition each time there is a tendency for people to moan about it. This is the ultimate proof that a one degree rise in the global temperature is actually a total irrelevance.

[meb123] 26/2/2024 18:51

Chinese children's manners maybe beautiful but in the fullness of time they will be taught to spy, copy , control and rule and eventually invade Taiwan !

[hellscream] 25/2/2024 05:28

dividend needs to be 5.5%... you can get more in a bank account.

im still 20% below my dividend i got in 2019...

[stemis] 24/2/2024 12:48

That's the difficulty with the debate about private schools. Everyone immediately thinks of Eton and Wykeham Abbey. But a lot of private schools are in places like Manchester, Bradford, Wakefield and Newcastle.

[adg] 24/2/2024 11:55

Meb I totally agree that mo ye is in sky high tech just now fuelled by AI bubble / mania

Fwiw I reckon there will be a rotation back k to oilers but with a much higher starting point than previously and we will see higher highs in bp/shell

Hopefully around 3Q this year is my guess

[scruff1] 23/2/2024 22:28

How come he has to be called Tarquin and eat caviar. Whats up with Billy and a cheese butty on his way to school in pop's Ferrari. Not everyone with money inherited their estate and titles. On the other hand if you have aspirations for your children, hold down two jobs and do without to pay for a better education for them - dont bother is the message - at least for the next 5 years.

[viscount1] 23/2/2024 21:52

Oh, the inhumanity of having to pay 20% VAT on little Tarquin's over-priced prep. Next thing they'll be upping the duty on caviar.

[scruff1] 23/2/2024 19:42

Viscount - I think I said effectively ban it. They would if they could (bit of a problem though sending their own to private schools - although at least Corbyn's knock off claimed it was only to avoid him joining a gang (presumably in her constituency!). If her lot hadnt decimated the highly successful grammars people wouldnt need a ministerial salary to escape their terribly poor substitutes.
I believe they have promised (subject to u turns) to increase the windfall tax to 78% and extend it to 2030. One way of boosting the flagging LSE maybe - a message of intent

[meb123] 23/2/2024 19:08

I have to say the reasons why the share price is languishing is far from clear . Before Murray's appointment the so called experts were blaming it on a directionless business . Now that the appointment has been confirmed and the Q4 results been good with Murray even stating that they will be pragmatic with renewables going forward . I am exasperated why it can't seem to go past 470 even for a few days . With Brent above 80 BP is raking it in . The only explanation I can come up with is that there is too much attention in Tech currently and sooner or later hoping for a rotation into this sector.

[stemis] 23/2/2024 17:36

It isn't 'fair' but as it only affects a minority of people, it's a 'popular' way of raising tax

[viscount1] 23/2/2024 17:23

Labour would not ban private education. They would remove the VAT exemption which is absolutely fair.

[dominiccummings] 23/2/2024 16:30

I note that the Pidgeons punctuation isn't too good. But I guess it is explicable with only a beak.

[pigeons] 23/2/2024 15:01

Its time to have complete change in the way we vote ,
We have to come up with a system that. is for the good of the people in this. country, instead. of the politicians that are only in for a few years make a fortune fix their selves. in non directors jobs. It's time the people took control. again. and have the politicians working. for all. otherwise this country's finished. It may already be too late.

[laurence llewelyn binliner] 23/2/2024 13:40

IF Labour impose any more super taxes, on top of the already stifling 75% windfall tax rate the Tories have levied on the company, only 10% of production/profit comes under UK taxation, so either way I doubt it will make much of a difference overall..

I do not see it as a matter of IF we get a Labour Government, just when, it is going to happen some time in H2-2024..

The country cannot function without oil, end of, and the Gov cannot function without their tax receipts from it..

[veryniceperson] 23/2/2024 13:03

Well done, sensible. I would myself, but I'm top heavy. The bit I read in the Telegraph, it makes a lot of sense!

[marktime1231] 23/2/2024 12:27

I wonder if we can know for sure what Labour policies are, they seem to change with the weather and whichever audience they find themselves in. The idea that Labour can't possibly be any worse than the current government is hardly evidence-based. And the Lib Dems round here are spending to put up 20 mph roadsigns rather than fill in potholes.

Sunak-Hunt steadied the economy, appear to have solved some post-Brexit sticking points and the NI impasse, and are making progress on key promises, delivering on some if not all. OK, some problems are solving themselves. But the mantra that they are crashing things and it is all a disaster is nothing but left wing rhetoric, for most of us there is no cost-of-living crisis and those in greatest need have been supported with unprecedented handouts. The real squeeze is on middle-englanders caught between rising prices and wages and frozen tax thresholds.

Not sure what my point is here nor why I am being dragged in to the off-topic political debate. Labour will target oil and gas and other business sectors like banks, brands and supermarkets which appear to be making surplus profits. They need to raise additional revenues in order to spend it on ... actually they keep pulling back on spending plans, because they know they can't answer challenges of where is the money coming from without revealing who they are going to target.

Haven't heard how anyone is going to solve NHS, education, housing, transport, etc etc. Anyway, back on topic, what does it look like for BP.

I don't think it will affect BP too much either way, if Labour were to apply even higher super-taxes on that relatively minor UK-based portion of its profits. If it stops further e&p in our waters, well all good as far as I am concerned.

And BP is already traded on the NYSE as ADS. To get a US valuation boost to restore par with supermajors over there BP would have to unashamedly restate strategy to concentrate on the medium term development and exploitation of all the fossil fuels it can, joining in the Biden-inspired 30% surge in production, his populist measure designed to suppress domestic prices and counter those international factors which would otherwise be pushing energy prices up. But I suspect BP is already pumping the Permian to the max, so what then?

[action] 23/2/2024 11:35

Bought again today

[veryniceperson] 23/2/2024 10:34

Brent is close to $83 a barrel, buying back roughly 5 million shares a day for cancellation share price 466 so cheap. Unbelievable!

[stemis] 23/2/2024 09:54

Much as I disagree with some of Labour's policies, it's hard to see them making a bigger mess of things than the current shower...