Bp Share Discussion Threads

[gwatson56] 26/3/2024 20:25

It has taken 3 years, but today Moodys uprated BP to A1 from A2. This matters a lot and will help BP re debt servicing. IMO I see this as a catalyst to move the share up to the region of £5.50 in the next six months or less....

BP in US drifted late on. Could be an opportunity to top up in the next day or so. Set a limit buy for 4.89 just in case the bots / algos try to look for PI stops.

[hellscream] 26/3/2024 17:09

average dividend with no share price growth (cap of £5.50). not much reason to invest.

[pughman] 26/3/2024 16:49

Last year there were two 10% dividend increases. With MA signalling $3.5bn in buybacks for the next 6 months, unless the oil price takes off, I'm factoring in just one 10% dividend hike over the next 12 months.

[philanderer] 26/3/2024 16:35

Just about clinging on to 500p

[veryniceperson] 26/3/2024 01:11

Just today's buybacks work out about £1,100,000 ish over a year. A tidy sum. Hopefully, there will be a decent dividend rise come May results. Fingers crossed.

[wolansm] 25/3/2024 22:39

How much is the company saving in divi a year since the buy backs I reckon close to a billion £ a year that's a rough number can anyone get closer

[the pie] 25/3/2024 17:37

That finish is a bit more like it..

[meb123] 22/3/2024 16:57

Just had to close below 500p . Sigh ........

[wolansm] 22/3/2024 16:22

Keep the buy backs it saves on paying a dividend in the future

[meb123] 22/3/2024 09:33

Took a while to get to 500p . Now we are here hopefully it will be support.

[gwatson56] 22/3/2024 09:08

See the share price is having a peep over the £5 mark. BP is great value at these levels. Moved a few more in of late, happy to sit on the hands and watch (imo) the steady rise into the next set of numbers.... (don't know if others have noticed but the motorways around me seem very busy of late). O/T but it's a bind though that the A roads are becoming pitted with the weight of the EV's chewing up the tarmac. I have never seen as many potholes and some minor roads are now no better than cart tracks.

[meb123] 21/3/2024 19:21

Well there were little things like billions written off a a result of the pandemic and Rofsnet which perhaps should be factored in the mix :)

[hellscream] 21/3/2024 16:51

this share was having problems with £5 5 years ago, even with 4 billion less shares... still the same problem.

[fletcher270] 20/3/2024 21:32

So what happened at 8.30

[zztop] 20/3/2024 08:25

Almost all of BP's biggest shareholders are unhappy with its shift to green energy, an activist investor has claimed, amid a growing backlash over the oil giant's focus on net zero targets.Giuseppe Bivona, chief investment officer of Bluebell Capital, which has a minority stake in BP, said he had spent the past three weeks talking to many of the company's top 30 investors.He said: "With only the exception of one shareholder, I am still to find someone who supports BP in its entirety."Bluebell is spearheading a brewing investor revolt after sending a 30-page letter to the FTSE 100 company in January.In the letter it urged BP to halt investment in renewable energy schemes, prioritise oil and gas production, and rewrite net zero targets to clarify that they will be achieved "in line with society".BP has been under increasing pressure over net zero commitments that have allegedly left shareholders £40bn poorer.Mr Bivona said he plans to share negative feedback with BP on a no-name basis, which he said will "clearly expose them to the fact that many investors are sympathetic to what we are saying". https://www.telegraph.co.uk/business/2024/03/16/almost-all-top-bp-shareholders-unhappy-green-strategy/

[daler1966] 19/3/2024 16:23

Tte total up 2.8% Bp hardly up 1%

[gilesy911] 19/3/2024 16:03

Nearly there ?

[veryniceperson] 19/3/2024 14:09

Brent trading at $87 a barrel share price struggling a bit. It should be over £5 would have thought.

[philanderer] 19/3/2024 00:27

Saudi Aramco CEO says energy transition is failing, world should abandon ‘fantasy’ of phasing out oil

[gwatson56] 18/3/2024 18:12

Eyes down 20.30pm tomorrow. API reporting. If we have a good reading (well into the green) then I would expect oiler's to react positively. BP's new support should start with a '5' if this is the case.



Also given the rise in refining margin's of late due to the targeting of Russian refineries (£400M / $1 increase for BP as per the weekly trading update) again share price supportive. Assuming trading is doing normal business then I agree that we will see a higher trading range in the coming months.

[kasamavic] 18/3/2024 17:32

I thought he said 40.

[meb123] 18/3/2024 16:55

Brent at 86now . Didn't Looney say BP is a cash machine at 86. Hopefully the new guy will be more careful with his words .

[younasm] 18/3/2024 09:19

Yes, we should see 500p intraday at least. I think it's moving into a higher trading range for summer.Interest rate cuts in May will help, but there is risk of rate cut being delayed to year end.Oil price is firmer with plenty of supply; transport costs are still expensive.