Bp Share Discussion Threads

[putinaire] 12/10/2024 20:15

Some cuts at Boeing. A taste of what in store for 2025 here

[putinaire] 12/10/2024 18:07

I dunno

Anyway, its nearly Xmas. Happy days regardless

[putinaire] 12/10/2024 18:07

Wouldnt these financials if actuals, pyt the eps forwards of note to funds, under 300?

[putinaire] 12/10/2024 18:04

I think its best to start announcing al this pain now, and not be waiting another 50% drop in share price before starting. Although, it would make it cheap...

[putinaire] 12/10/2024 18:03

Re Fitch downgrade potential...

Which is more important you guys anyway? Yield or rating? I reckon they will have to create a lot of surplus cash in the actuals, outside of EBITDA, to appease Fitch. And reserve it all for debt

Buyback cancellation

Yield cuts

Project cuts

Workforce cuts maybe.

Because Fitch will decide based on their own outlook for crude afterall

[putinaire] 12/10/2024 18:00

Just get an eery feeling, if they are right 3 years in a row, difficult to criticise the year 4 view lol

[putinaire] 12/10/2024 17:57

last one should be 53

[putinaire] 12/10/2024 17:57

Allowing for crude volatility, Fitch have been bang on with crude forecasts. They wouldnt have foreseen Israel possibly blowing up Iranian wells so a bit of a delay this year.

However, if crude is not set on fire globally by Israel, post 2024 seems right?

And given the yearly volatility, surely 40 buck per barrel for brent is on the horizon at some stage?

[waldron] 12/10/2024 17:52

ROLL ON NEXT WEEK AND TOWARDS MONTHS END

TAKE CARE ONE AND ALL

[putinaire] 12/10/2024 17:36

Fitch December 2022

[...- The Outlook is Positive, which means negative rating action is unlikely at least in the short term. However, lack of visibility around medium-term net debt profile would result in a revision of the Outlook to Stable....]

So, what exactly were the detailed parameters that would cause a downgrade to stable?

Is the rising debt an issue for Fitch today?

[putinaire] 12/10/2024 17:21

More to the point, what price or macro makes you wrong?

[putinaire] 12/10/2024 17:20

So what is the general bull sentiment here? Obviously got outlooks wrong 520s to 400s, but is that enough to change those outlooks or still same?

[putinaire] 12/10/2024 17:15

Interesting to note variants in such past periods pre the actual

[scruff1] 12/10/2024 17:13

Results already priced in - the badness is hardly a secret or a surprise

[gibbs1] 12/10/2024 16:46

BP p.l.c. Trading Statement



Third quarter 2024 trading statement

The following Trading Statement provides a summary of BP p.l.c.'s (bp) current estimates and expectations for the third quarter of 2024, including data on the economic environment as well as group performance during the period.

The information presented is not comprehensive of all factors which may impact bp's group results for the third quarter 2024 and is not an estimate of those results. Also refer to bp's second quarter and first half 2024 group results announcement on 30 July 2024 for third quarter and full year 2024 guidance items which continue to apply unless explicitly stated. A summary of that guidance is also provided in the Appendix to this Trading Statement. All information provided is subject to the finalization of bp's financial reporting processes and actual results may vary.

bp's group results for the third quarter 2024 are expected to be published on 29 October 2024.

[putinaire] 12/10/2024 14:27

Opec turning down as external producers run to the taps lol

[veryniceperson] 12/10/2024 14:26

Thanks Waldron.

[veryniceperson] 12/10/2024 14:25

To keep oil prices stable, Opec + needs to turn the tapes down a bit, slow supply's. A good price for Brent between $80 & €90. IMHO.

[putinaire] 12/10/2024 10:42

Lets be honest here. It would be finding it difficult to have 360s/350s support already today, only for an expectation that Iranian wells would be wiped out.

Reckon it all gets nasty soon.

And i dont know how not cutting oil production is supposed to please market. Its just more supply lol

[waldron] 12/10/2024 10:40

Proactive Oil and Gas


highlights: Zephyr Energy, BP, Ithaca...

Last updated: 07:30 12 Oct 2024 BST, First published: 07:19 12 Oct 2024 BST
Oil rig

BP PLC (LSE:BP.) has warned that weak refining margins and lower oil prices have affected its third-quarter numbers.

Exploration write-offs in the region of US£200-300 million will also hit the figures, said the oil and gas giant.

[putinaire] 12/10/2024 10:39

Wont see reasons on chart as thats private, but i have greyed out 360s because to me, the sum of all variables is for 220s, macro to BP to funds to everything

[putinaire] 12/10/2024 10:32

Thing is, as you go through the aggregates (depends who you have on watch), the selling is very heavy. Not the sort of selling you see when they expect a near-term recovery. Would only see minor adjustments for cash at cash high or mid phase

[putinaire] 12/10/2024 10:30

Do you have the charts that show the adjustments of relevant funds and etfs where you can see it all in one? Staggering really