Bp Share Discussion Threads

[waldron] 12/10/2024 10:25

29 October - Q3 2024 Results

[putinaire] 12/10/2024 10:14

Bad news from central command

[kasamavic] 11/10/2024 17:26

And another one filtered.

[putinaire] 11/10/2024 17:05

Highly suggests, yield retention fear

[putinaire] 11/10/2024 17:04

Remember when SHanghai II said, something unprecedented on BP at 500+?

Well it's there on ETFs such as that one now too

[putinaire] 11/10/2024 17:01

SOme have commenced shorting the uk equity yield market already. Cant blame them

[putinaire] 11/10/2024 17:00

IUKD is now bear market (in foresight terms). Yield is getting dodgy in few places

The likes of IUKD ETF has nearly 5% holdings, and I doubt they can continue to hold. At least the manager should be shifting into ISA's and stuff soon if not already

[grupo guitarlumber] 11/10/2024 16:48

BP Sees Net Debt Rising in 3Q Amid Weak Refining
by Bloomberg
|
James Herron
| Friday, October 11, 2024 | 10:00 AM EST

BP Plc expects its net debt to have risen in the third quarter due to lower refining margins and changes to the timing of asset sales.

The London-based company’s oil-products trading was weak in the period, and lower margins from processing crude will hit earnings by $400 million to $600 million, according to a statement on Friday. Overall production was little changed compared with the prior quarter.

The statement from BP adds to the weaker picture for the oil industry in the third quarter, with both Exxon Mobil Corp. and Shell Plc flagging the potential for lower earnings from producing and refining crude.

The period was dominated by doubts about the strength of demand from China and concerns that the market would return to surplus if OPEC+ went ahead with plans to revive idle supply — a move the group was eventually forced to delay by two months. Brent crude slumped by 17% in the third quarter, although it has since rebounded due to the conflict in the Middle East.

BP also anticipates the “rephasingR21; of about $1 billion of divestment proceeds into the fourth quarter, out of a total of $2 billion to $3 billion for the second half, according to the statement. The company’s net debt has been trending lower in recent years - from $40 billion in 2020 to about $23 billion at the end of the second quarter — as high energy prices boosted profit.


RIGZONE

[putinaire] 11/10/2024 14:39

Poor knuts. equity and crude rolling together now. Destruction derby as one said, tonight