Bp Share Discussion Threads

[pippa pinkerton] 11/3/2024 18:33

My local BP garage and shop is alwayts full of shoppers

I think I might buy some shares after pay day

tee hee
GLA

Pips

[veryniceperson] 11/3/2024 10:39

It would be interesting to know just how much profit BP makes on one full charge?

[marktime1231] 08/3/2024 12:01

OPEC+ is about sustaining Brent at $80 or higher because that is the basis on which Saudi has set out its infrastructure and international investment programmes.

This level is obviously a winner for BP, but a return to the surplus performance of the last two years needs something else to happen. Growth in the major economies and something which restrains surge production outside of OPEC+ countries especially the US.

BP still needs to answer the question how does it deliver equivalent financial performance through the transition. It has backtracked on that programme and I don't see how providing EV charging at convenience stations substitutes for pumping shale oil.

[veryniceperson] 08/3/2024 09:30

https://oilprice.com/Energy/Crude-Oil/Kuwait-Sees-Solid-Oil-Demand-In-A-Fairly-Balanced-Market.html This article should improve the share price of Shell and BP + others Opec+. It seems to want to keep the price of Brent above $80 a barrel. That should come through on the results throughout the year. I'm surprised the share prices aren't higher

[pigeons] 07/3/2024 12:18

Sorry meant to say 50% increase.

[pigeons] 07/3/2024 12:16

I've recently bought back into BP and I can see 5 pound. certainly in the next six months. The whole world is now pushing to get out of this. recession type market. We're in. So I expect to see any company. with serious assets to have a steady increase.

[scruff1] 07/3/2024 08:43

Interesting article in City Wire about how some of the world's top fund managers would invest in a British isa from the 25 AAA rated co's.
43 would include SHELL (the most popular. 1yr % return -4.9). 15 would include BP (1yr return -15.2)

[hellscream] 06/3/2024 06:05

green will be pushed back alot longer than they say philanderer, we are due an 2008 crash in the markets soon. alot of green companys are gonna go bankrupt.

never seen so much greed atm.

[philanderer] 06/3/2024 00:17

BP can be serious force in EV charging, suggests UBS


BP plc is a much better equity story than just how much cash it is handing out to shareholders, according to analysts at UBS.

All of the talk recently has been about share buybacks and its low relative rating, but a low oil price breakeven and efficient production base will provide the funds to sustain total distributions, while also funding growth from low carbon, said the Swiss bank.

UBS noted that while the electric vehicle transformation might have stalled recently, peak oil demand is still on the horizon and as EV use grows, this will displace three million barrels of daily oil demand by 2030 and nine million by 2040.

BP is better prepared for this energy transition than peers, UBS suggested, even with higher debt and as its businesses here gain scale, breakeven will fall to US$40 per barrel.

EV charging is also a natural area for BP to succeed given the fuel marketing business it already has, plus its real estate in key strategic locations and an improved convenience offering.

BP is making partnerships with OEMs (including Tesla), with lessons learnt having been an early adopter.

By 2030, UBS sees this business as being worth 138p per share or more than the lost value in fuels.

Buy with a 600p share price target is the Swiss bank’s view on BP shares.



proactiveinvestors.com

[tuftymatt] 04/3/2024 11:53

Yeah I see the decline from the day high kind of follows the Brent move today.
Maybe we push back into the 480's if Brent can break back into the $84's

Good luck all 👍🏻

[skinny] 04/3/2024 11:07

Brent and SHEL are both down.

[tuftymatt] 04/3/2024 11:05

Expected a bit more here this morning based on OPEC+ and the broker upgrade. I know upgrades don't really mean a lot but when they are negative they always seem to drop hard in my opinion!!

Good luck all 👍🏻

[skinny] 04/3/2024 10:40

FWIW :- Jefferies raises BP to 'buy' (hold) - price target 570 (520) pence

[veryniceperson] 03/3/2024 22:34

Should open higher tomorrow. Opec + are sticking to their cuts until the end of June. That should keep the price of Brent in the 80s per barrel.

[kasamavic] 03/3/2024 20:44

I guess millions of people are.

[hellscream] 01/3/2024 06:34

with the north sea.. just do what the U.S majors did when biden threaterned windfall taxes... just turn production off. time we got some teeth.

[veryniceperson] 29/2/2024 15:21

Hindsight, a wonderful thing, hellscream!

[hellscream] 29/2/2024 14:29

wish i jumped ship last week into HSBC, they are up 30p and paying out 3 times the dividend.

[kasamavic] 29/2/2024 09:40

Looks like BP is heading for the results cash gap around 4.55.

[hellscream] 28/2/2024 14:43

oil is the only thing that matters atm, cashflow is huge.

[stemis] 28/2/2024 10:42

It really does need to be bid for because the market has clearly lost faith in their ability to deliver anything.

[veryniceperson] 28/2/2024 10:10

Brent averaged $83 barrel, share price 464 ish. Share buybacks 25 million a week for cancellation. Is BP being run that badly, and is the market unsure of where this country is heading, or is it both?

[tuftymatt] 28/2/2024 08:30

I would sooner no pop but just a broadening out as people trim.

Some big players stateside are starting to do that and I have read non US based companies are being looked at in more detail. Let's hope that's true and a bit of good news for the likes of BP and others in the FT100 / 250 too.

Good luck all 👍🏻