Share Name Share Symbol Market Type Share ISIN Share Description
Bp Plc LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 463.25 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
463.25 463.30 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 238,179.18 15,195.45 10.98 43.7 94,467
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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11/12/2019
08:20
Bp Daily Update: Bp Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker BP.. The last closing price for Bp was 463.25p.
Bp Plc has a 4 week average price of 463.05p and a 12 week average price of 463.05p.
The 1 year high share price is 583.40p while the 1 year low share price is currently 463.05p.
There are currently 20,392,199,577 shares in issue and the average daily traded volume is 32,120,843 shares. The market capitalisation of Bp Plc is £94,466,864,540.45.
08/12/2019
21:13
the grumpy old men: The Best And Worst Oil Majors Of 2019 By Irina Slav - Dec 08, 2019, 2:00 PM CST Join Our Community Oil As oil traders eagerly await OPEC’s final verdict on the production cuts, and as Riyadh puts the final touches on the Aramco IPO, some of the largest players in oil and gas are about to wrap up one of their best years. Others, as it happens, could have done better. Here are the top and the bottom companies in oil and gas this year based on share price performance: Top Performers Hess Corp and the Guyana Windfall Hess’ shares surged by more than 50 percent in just the first eight months of 2019 and then continued up. This was thanks to one single prospect, and it wasn’t in the Permian. It was in Guyana, where Hess is a minority partner of Exxon, and the two have been making discovery after discovery offshore the tiny South American country. After the latest discovery, Exxon and Hess have tapped some 5.5 billion barrels in oil reserves. Just how important this is for investors is evident in the fact that the share price of the company has continued to rise despite the fact that it has been in the red for two consecutive quarters now. Shell and the Gas Wealth When Shell bought BG Group for $53 billion in 2016, becoming the largest gas company in the world, it attracted a lot of criticism. Now, thanks to its natural gas exposure and specifically its LNG exposure, Shell is one of the best-performing stocks in the industry in the year to date. It is also the biggest public oil company by production, which stood at 3.8 million barrels of oil equivalent per day at the end of the third quarter. The Anglo-Dutch major is not just one of the biggest LNG producers, but also one of the biggest LNG shippers globally. It is also among the top performers in terms of revenue, ranking second in the world after China’s Sinopec. Shell is also actively expanding in renewables and energy storage, preparing the ground for future domination in the energy industry, too. Total and the Smart Way France’s only oil supermajor Total has been among the top performers in the industry over the past five years despite the 2014 price crash. It was also among the top-performing oil stocks this year thanks to its continued strict cost discipline and its focus on diversifying into anything that is not oil while working to boost its oil output as well. This stood at 2.8 million barrels of oil equivalent this year, but it will be higher next year as the company recently started up a field in Brazil’s prolific pre-salt zone. Related: Will OPEC Really Risk An Oil Price Crash? The company has an extensive presence in LNG too, with 12 assets producing and another eight under construction. Total has LNG interests across the world, from Canada through Mozambique and Papua New Guinea to Russia. Its annual output is 40 million tons of LNG. Chevron and the Importance of Discipline Chevron is one of the biggest players in the Permian, and it shows. It is also one of the lowest-cost producers in the shale patch, and this gives it an additional advantage over its higher-cost competitors. Chevron has placed a special emphasis on its home shale operations with several strategic asset sales in Europe and Canada to better expand at home. To date, it has 1.7 million net acres in the Permian with reserves of an estimated 11.2 billion barrels of oil equivalent. The company has been pumping over 3 million bpd of oil equivalent for a year now. Yet unlike pure-play shale producers, Chevron has other operations, too, and these have contributed to its outperformance as well, including the Wheatstone LNG project in Australia. But Chevron has also been very strict about cost control and shareholder returns, which has paid off. At the other end of the performance scale are the companies that did not perform as well as their peers for a variety of reasons, including a lack of luck and the fickleness of the market. Bottom Performers Exxon and the Stubborn Share Price Exxon was among the four worst performers on the Dow Jones Industrial Average this year, with its shares only gaining about 1 percent since January. That’s in stark contrast to the performance of its Guyana partner Hess, and analysts have blamed this mostly on oil prices. Exxon, however, has been having other problems, too, notably with investors that doubt its long-term prospects in the face of growing environmentalist and regulatory pressure that recently culminated in a lawsuit in which the New York Attorney General accused Exxon of misleading investors about the effects of climate change on the sustainability of its business. BP and the Ghost of Disaster BP recovered remarkably well from the Deepwater Horizon disaster eight years ago even though it ended up saddled with a compensation bill in excess of $60 billion. Now, it is also facing dividend payouts that are higher than its earnings. Related: Morgan Stanley: Tesla Stock Could Hit $500 Debt is another problem that has dragged BP’s stock down this year. Because of slimmer profit margins and despite the company’s boasts, it breaks even at $50 a barrel. BP has been unable to pay down its debt consistently. Like its peers, the supermajor has been targeted by environmentalists and regulators to clean up its act, and that has not been helpful with investor confidence. The latest here was an accusation of “greenwashing” its business with a major ad campaign. Permian Independents and the Burden of Debt In what may be a twist, the last entry on the worst performers’ list is not a single company, but a group. A lot has been said about U.S. shale and its contribution to global oil supply growth. The companies responsible for this supply growth, however, are, for the most part, running on fumes. Debt-fueled growth has stripped most of the maneuvering space in case prices drop and, like back in 2014, has left many on the brink of collapse should the price situation change for the worse. Notably, this is despite stable prices and low production costs. This state of affairs has highlighted how interdependent the world of oil producers is. If the OPEC+ meeting today fails to result in deeper cuts, prices will tank, and U.S. shale majors will be hit harder than the integrated companies. This was made abundantly clear after Thursday’s OPEC meeting: the news of an agreement on deeper cuts moved prices only modestly and for a very short time. By Irina Slav for Oilprice.com
21/10/2019
07:01
florenceorbis: Can the BP share price double your money? Roland Head | Monday, 21st October, 2019 | More on: BP Dots over the earth connecting the world Image source: Getty Images. You probably think that it would be difficult to double your money with a £100bn blue-chip stock such as BP (LSE: BP). Investors have certainly shown little enthusiasm for the oil and gas giant in recent months — the BP share price has fallen by about 17% since peaking at 583p in April. However, focusing on the share price alone could be a mistake. As I’ll explain in this article, I think is could be quite easy to double your money with BP shares. Double your money in 11 years Mature FTSE 100 companies like BP tend to deliver their shareholder returns in several different ways. Rather than relying on rapid profit growth and a rising share price, they pay generous dividends. They may also buy back and cancel their own shares, to increase earnings per share. This tends to support a higher share price. At the time of writing, BP shares offer a dividend yield of about 6.5%. If we assume that the share price and dividend remain unchanged, I estimate that by using each year’s dividends to buy more shares, you could double your original investment in 11 years. Will things improve for BP? In reality, share prices and dividends rarely stay the same for 11 years. A more likely scenario is that the shares will go up and down, while dividends will hopefully increase. Valuing BP shares is made more complicated by fears that the company will never be able to produce all of its reserves. Some investors argue that oil demand could slump over the next 20 years — or that new environmental regulations will make oil production unviable. I don’t know what’s going to happen. But I think the current pessimism about BP is overdone. Indeed, I think now could be a good time to be buying the group’s stock, for several reasons. New boss: Incoming chief executive Bernard Looney is 15 years younger than his predecessor Bob Dudley. According to chairman Helge Lund, Mr Looney’s brief is to help BP “chart its course through the energy transition”. I believe that senior oil industry execs like Mr Looney understand that major changes will be needed. They also have far more visibility than we do of current and future demand trends for oil and gas. To start with, I expect Mr Looney to chart a course that will prioritise cash generation from oil, while putting in place longer-term plans to increase gas production and invest in more sustainable methods of energy supply. Bigger changes may follow in the future. Debt reduction: BP’s debt levels are currently higher than I’d like to see. Indeed, I think it’s fair to say that the group’s borrowings have become an obstacle to dividend growth. However, outgoing CEO Mr Dudley has already started the process of reshaping the group’s operations and expects to see improved cash generation from next year. This should help to cut debt and improve the level of free cash flow available for shareholder returns. I’d buy BP today At current levels, BP shares trade on 11 times 2020 forecast earnings and, as mentioned, offer a dividend yield of 6.5%. I’d be happy to buy at this level, and believe that investors have a good chance of doubling their cash over the next decade or so. A top income share with a juicy 6% forecast dividend yield Income-seeking investors like you won’t want to miss out on this timely opportunity… Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this out-of-favour business that’s throwing off gobs of cash! But here’s the really exciting part… Our analyst is predicting there’s potential for this company’s market value to soar by at least 50% over the next few years... He even anticipates that the dividend could grow nicely too — as this much-loved household brand continues to rapidly expand its online business — and reinvent itself for the digital age. With shares still changing hands at what he believes is an undemanding valuation, now could be the ideal time for patient, income-seeking investors to start building a long-term holding.
20/10/2019
16:43
la forge: investomania The prospects for shares in J Sainsbury plc (LON:SBRY) (SBRY.L), ITV plc (LON:ITV) (ITV.L) and BP plc (LON:BP) (BP.L) may be uncertain in my view. Sainsbury’s, for instance, faces stiffening competition across the supermarket sector and weak consumer confidence. However, I think that the company is adopting a sound strategy that could improve its financial prospects. Sainsbury’s is aiming to cut costs and reduce its number of stores through closing unprofitable locations. This may enhance its financial outlook, while its focus on improving the customer experience could lead to a stronger competitive position. The stock’s P/E ratio of around 10 indicates to me that investors may have factored in the risks facing the business. Therefore, on a long-term view I’m upbeat about its recovery prospects. I wouldn’t be surprised if the ITV share price becomes increasingly volatile as Brexit nears its end game. The company’s financial performance has been hurt by weak consumer and business confidence over recent years to my mind, with the FTSE 100 stock expected to post flat EPS growth over the next couple of years. Still, I think that ITV’s investment in its studios division and in its digital growth opportunities may strengthen its financial prospects over the long run. It is becoming increasingly international-focused, while cost reductions could strengthen its competitive position. BP faces a period of uncertainty due to the prospects of weaker global economic growth. They could hurt the prospects for the oil price if demand growth falters. This could be offset by slower supply growth due to geopolitical risks to my mind, so I think the oil price may be volatile in the short run. The company’s investment in its Upstream and Downstream operations may strengthen its financial outlook to my mind. It is also seeking to expand its presence in cleaner fuels that are likely to become increasingly demanded over the long run to my mind. Therefore, trading on a P/E ratio of 11.5, I think the BP share price could offer a margin of safety at the moment.
07/10/2019
05:34
waldron: the motely fool Forget the State Pension or a Cash ISA! I’d live off BP and Royal Dutch Shell’s 7% yields Harvey Jones | Sunday, 6th October, 2019 | More on: BP RDSB A golden egg in a nest Image source: Getty Images. The State Pension isn’t enough to give you a comfortable retirement and saving money in a Cash ISA won’t help much, as most now pay less than 1% a year. FTSE 100 oil giants BP (LSE: BP) and Royal Dutch Shell (LSE: RDSB) look far more tempting as they both yield nearly 7% a year. Both are worth buying – just make sure you understand the risks as well as the rewards. Crude facts It already seems an age since the oil price surged in the wake of the drone attacks on Saudi Arabia Aramco facilities, which led to dire predictions of $300 oil. Crude has now fallen to a two-month low, with Brent comfortably below $60, as Saudi officials report that production has been restored to pre-attack levels. The BP share price is sliding as a result, and so is Shell. Soft global economic data isn’t helping, while US crude stockpiles have just registered a third straight weekly climb. With supply continuing to outweigh demand, BP is down almost 20% this year, while the Shell share price is off more than 15%. They have disappointed over five years as well, with BP up just 10% in that time, and Shell down 4%. The FTSE 100 rose around 15% over the same period. Dividend income heroes The good news is that both now offer healthy dividend streams, regardless of where their share prices go. BP currently yields 6.7%, with cover of 1.2, while Shell yields 6.6%, covered 1.5 times. These are comfortably above the FTSE 100 average yield of around 4.5%, although Shell has struggled to raise its dividend lately. BP and Shell are also trading at a discount, 12.3% and 12.7% times earnings respectively, against the FTSE 100 average of 17.17 times. These look like bargain prices. There are so many companies on the FTSE 100 in this position, which makes now a great time to pick up dividend stocks and hold them for the long term to give your retirement plans a real boost. Share price growth on top would be a bonus. Climate challenge After years of denial and delay, big oil now has to face up to the challenge of climate change, as solar and wind prices tumble, and motorists switch on to electric cars. BP is steadily remodelling itself, exploring everything from car charging networks to solar plants to biofuels. Some of these could deliver lucrative new income streams, others could swallow huge sums of cash and sink. Relying purely on oil and gas is no longer an option, so the challenge has to be met. Otherwise the backlash could be brutal. Shell plans to double the amount it spends on green energy to £3.2bn a year. There is a long road ahead, though. Major investments Shell remains the largest stock on the FTSE 100 with a market cap of £185bn; BP is in fourth place with £99bn. The world still runs on oil, even if we would rather it didn’t. BP is mostly over the Deepwater disaster and its earnings are forecast to rise 10% this year and 15% next. Shell looks patchier, with a forecast 16% drop in earnings this year, followed by a 24% rise in 2020. I still think both still merit a place in a well-balanced portfolio, and should keep your retirement income flowing nicely.
15/8/2019
09:36
grupo: TIDMBP. RNS Number : 1881J BP PLC 15 August 2019 15 August 2019 BP p.l.c. Second quarter interim dividend for 2019 Scrip Dividend Programme On 30 July 2019, the Directors of BP p.l.c. announced that the interim dividend for the second quarter 2019 would be US$0.1025 per ordinary share (US$0.615 per ADS). This interim dividend is to be paid on 20 September 2019 to shareholders on the share register on 9 August 2019. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. A scrip dividend alternative will be made available for this dividend allowing shareholders to elect to receive their dividend in the form of new ordinary shares and ADS holders in the form of new ADSs. The 'Reference Share Price' for the issue of new ordinary shares under the scrip dividend alternative is: US$6.070 for each new ordinary share. For holders of ordinary shares this is equivalent to 1 new share for approximately every 59.220 shares held prior to the ex-dividend date of 8 August 2019. The Reference Share Price is the average of the US dollar equivalent of the closing mid price quotation for a BP ordinary share on the London Stock Exchange Daily Official List for the five consecutive dealing days beginning on the ex-dividend date of 8 August 2019. The US dollar equivalent price each day is calculated from the sterling closing mid price using an exchange rate published in the London Stock Exchange Daily Official List. The 'Reference ADS Price' for the issue of new ADSs under the scrip dividend alternative is: US$36.470 for each new ADS. For holders of ADSs this is equivalent to 1 new ADS for approximately every 59.301 ADSs held prior to the ex-dividend date of 8 August 2019. The Reference ADS Price is calculated by multiplying the Reference Share Price by six (as there are six ordinary shares underlying each ADS) and adjusting for the fee payable to the Depositary under the ADS Deposit Agreement (US$0.05 per ADS). Prior to the 2012 first quarter dividend payment stamp duty reserve tax ("SDRT") of 1.5% was deducted from this calculation, but following a tax tribunal decision in 2012, HM Revenue & Customs will no longer seek to impose 1.5% SDRT on issues of UK shares and securities to non-EU clearance services and depositary receipt systems. Dividends payable in cash in sterling on 20 September 2019 will be converted from US dollars at the average of the market exchange rates for the four dealing days from 4 to 9 September 2019. The sterling cash dividend will be announced to the London Stock Exchange on 10 September 2019. The latest date for receipt of elections to participate in the Scrip Dividend Programme for this interim dividend is 3 September 2019. Shareholders must return their mandate form or otherwise input their CREST elections, to be received by BP's Registrar, Link, by 5.00 pm (London time) on 3 September 2019, and ADS holders must return their election form to the Depositary, JPMorgan Chase Bank N.A., by 5.00 pm (New York time) on that date. Elections received after this deadline will apply to subsequent dividends only. Unless revoked by you, your scrip dividend election will apply for all future dividends for which a scrip dividend is offered. Evergreen elections for CREST shareholders will not be accepted and elections will revert to cash by default after the payment of each dividend. Details of the second quarter 2019 dividend and timetable are available at www.bp.com/dividends and details of the Scrip Dividend Programme are available at www.bp.com/scrip. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. END DIVLIFFATVIELIA (END) Dow Jones Newswires
28/6/2019
13:50
the grumpy old men: Shell or BP: which FTSE 100 share would I buy now? Manika Premsingh | Friday, 28th June, 2019 | More on: BP RDSB Business man on stock market financial trade indicator background. Image source: Getty Images FTSE 100 giant Royal Dutch Shell‘s (LSE: RDSB) share price has been on the rise. It has increased by over 5% at the time of writing this article from the levels seen at the beginning of June. Further, even though there have been a few gyrations over the months, the share price has come a long way from the lowest levels seen in 2019 at the end of January. Needless to say, these are heartening developments for investors. Going forward, I will be watching the oil sector closely following tensions between the US and Iran and one key question comes to my mind: what is the potential impact on the share price of an oil company like Shell or its peer BP (LSE: BP)? Oil price outlook There’s no denying that higher oil prices are good for oil companies, but the potential economic damage from standoffs between countries can erode demand over the longer term, which in turn can negate the gains from price increases. I think both these arguments are worth considering, since we at the Motley Fool are interested in long-term investment opportunities. There’s no way of knowing how the geo-politics will play out, but I am yet to see any dependable forecasts predicting sharp increases in crude oil prices. In fact, if the situation remains contained, it could be exactly the opposite. The International Energy Agency’s update in mid-June said that supply is enough to “limit significant upward pressure on oil prices” going into 2020. Shell looks ahead with confidence With this as the background, I’d consider Shell’s merits as a company independent of the wider environment it operates in to make an investing decision. In other words, the latest oil price increases are a distraction from the actual investing story rather than a determining factor. From the last time I wrote about it, fully convinced that this is indeed a share worth holding in the long-term, little has changed. In fact, the price has risen by around 20% since. The company also sounds confident about the future, as revealed in its latest strategy update and financial outlook for 2025. Despite this, its price-to-earnings ratio (12 months trailing) is at an affordable 11.6x compared to peer BP, which is trading at 14.3x. Interestingly enough, this is despite the fact that BP has seen a lower share price rise in recent months. While the price charts for both companies reveal that they tend to move together, Shell has been the one that has attracted most investor interest. BP has its merits This doesn’t of course mean that BP isn’t a buy as the company has a lot going for it too. I am inclined towards shares that offer a good return on capital but dividends are an important consideration for investors and BP ticks those boxes. As my Foolish colleague Rupert Hargreaves pointed out recently, its dividend per share has risen impressively over the years and its strong track record is expected to continue. The share has also given good returns on capital, and I believe there is little in the company’s performance to suggest that it will be derailed. On balance, though I’d rather buy Shell. The bargain-hunter in me is attracted to the fact that it is still the cheaper of the two but its strong current momentum also appeals. Capital Gains In the meantime, one of our top investing analysts has put together a free report called "A Top Growth Share From The Motley Fool", featuring a mid-cap firm enjoying strong growth that looks set to continue. To find out its name and why we like it for free, click here now! Manika Premsingh has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned.
24/6/2019
06:54
grupo: Investomania Does the BP plc share price offer long-term growth potential? Can the BP plc (LON:BP) (BP.L) share price deliver an impressive long-term performance? June 24, 2019 Robert Stephens, CFA BP (LON:BP) BP plc BP plc The performance of the BP plc (LON:BP) (BP.L) share price could continue to be volatile in the near term in my opinion. Geopolitical risks in the Middle East look set to remain elevated, with the situation in Iran remaining highly fluid. This could impact on the supply growth in oil, while demand growth may be affected by economic data. The trade war between the US and China appears to have gathered pace in recent months, and this trend may yet continue over future months in my opinion. This could lead to challenging operating conditions for the business. Of course, in the long run one of the major threats facing BP and its peers is technological change. Electric vehicles seem to be growing in popularity. Indeed, I was reading this week about the world’s first prototype electric plane that is expected to cut fuel costs by as much as 90%. While I think new technology does threaten the growth prospects for oil and gas companies, I am of the view that it will prove to be an evolution rather than a revolution. Although 30% of vehicles sold in 2030 across the world are expected to be electric, the potential for rising car ownership across the emerging world in particular could mean that demand for oil remains high. Further, long-haul air travel is unlikely to be fully electrified for many years in my opinion due to a lack of battery power. Therefore, I feel that BP could offer investment appeal even over the long run. To my mind it has a sound business model, with investment in its Upstream and Downstream divisions having the potential to enhance its financial prospects. With a P/E ratio of 11.8, I feel that the stock could offer good value for money relative to the wider FTSE 100 at the moment.
09/4/2019
08:24
ariane: Investomania Will the BP plc share price rise by another 17%? Does BP plc (LON:BP) (BP.L) offer further share price growth potential? April 9, 2019 Robert Stephens BP (LON:BP) BP plc BP plc Since the start of 2019, the BP plc (LON:BP) (BP.L) share price has risen by around 17%. That’s a strong result in my opinion after what had been a challenging final quarter of 2018. With the oil price having moved higher and investor sentiment being more bullish, could the company’s stock price increase further? Or, are there risks ahead that could lead to a challenging period for the business? Industry prospects In my opinion, the prospects for the oil and gas industry continue to be uncertain. There are risks facing a number of major oil-producing nations which could cause an imbalance between demand and supply in the near term. This may lead to volatility in the oil price, which may cause investor sentiment to come under pressure over future months. Longer term, I feel that the world is gradually moving towards cleaner fuels than gas and oil. This trend has been in place for some time, and its pace may quicken as cleaner alternatives such as electric vehicles improve in terms of range and cost. That said, I think that oil and gas will continue to be key parts of the energy mix over the long run. I feel that demand for them may remain high, since they are forecast to be key parts of industries such as transportation across the developed and developing world. Company performance Recent updates released by BP have been relatively positive in my opinion. The company’s strategy seems to be delivering on its goals, with its upstream and downstream segments operating relatively well. This suggests to me that its strategy is working well, and that it may be moving on financially from the challenges posed by the 2010 oil spill. With the company continuing to invest heavily in its operations and asset base, I think it could have a bright future. It has a number of projects that are set to come onstream over the medium term. They could act as catalysts on its stock price, and may allow it to continue to outperform the FTSE 100 over the medium term. Investment potential Even though the BP share price has risen significantly since the start of 2019, it still offers a margin of safety to my mind. For instance, it has a P/E ratio of 12.2 and a dividend yield of 5.4%. These figures suggest to me that the company could offer good value for money at the moment relative to its industry peers. Sure, there may be cheaper opportunities elsewhere in the oil and gas industry, but a number of other FTSE 100 and FTSE 250 operators have high levels of debt, as well as more concentrated portfolios. Therefore, I’m optimistic about the investment potential of the business over the long run. I think it has a sound strategy, that its wider industry may perform well in spite of the risks it faces, and that it offers good value for money compared to the wider FTSE 100.
04/2/2019
09:04
grupo: INVESTMANIA Why I think the BP plc share price could offer growth potential I’m optimistic about the prospects for the BP plc (LON:BP) (BP.L) share price February 4, 2019 Robert Stephens BP (LON:BP) BP plc BP plc While the performance of the BP plc (LON:BP) (BP.L) share price has been volatile in recent quarters, I’m upbeat about the long-term outlook for the business. Sure, the oil price is likely to remain volatile over the near term to my mind. It is difficult to accurately predict how supply growth will change in the near term, with there being the potential for extensions to sanctions waivers on Iran. Similarly, the outlook for the world economy remains uncertain. Although consumer demand has generally been robust in recent months, that could change and demand growth for oil could decline. As a result, I believe that BP is a relatively risky stock which may experience periods of difficulty in future depending on the performance of the wider oil and gas sector. However, at the same time I remain optimistic about its long-term growth potential. I think that it has been able to invest in a range of areas across its asset base which has boosted its Upstream and Downstream performance in recent quarters. This could lead to stronger financial performance in future should operating conditions be favourable. Since BP has a dividend yield of around 6% at the moment, I feel that the company could offer a margin of safety. Its P/E ratio of around 11 suggests to me that it could represent good value for money compared to some of its FTSE 100 index peers. And with EPS due to rise by 11% this year, I’m upbeat about its financial and share price prospects. Although there may be less risky and more resilient stocks in the FTSE 100, I believe that the company’s low valuation and growth potential could help it to outperform the wider index over the long run after what has been a challenging period for the wider oil and gas industry.
03/2/2019
09:45
maywillow: Https://www.fool.co.uk/investing/2019/02/03/why-i-think-the-bp-share-price-could-be-the-ftse-100-buy-of-the-decade/ Why I think the BP share price could be the FTSE 100 buy of the decade Rupert Hargreaves | Sunday, 3rd February, 2019 | More on: BP Young woman sat at laptop by a window Image source: Getty Images. When it comes to finding dividend stocks, I think it’s hard to beat the BP (LSE: BP) share price. The company has almost everything going for it. It has a portfolio of some of the world’s best oil and gas assets, cash generation is strong, and the firm has a well-developed hydrocarbon distribution network around the world. More importantly, unlike so many other companies, BP doesn’t have to try to reinvent itself every few years. Indeed, one of the biggest problems companies face is trying to stay relevant over the long-term. This means investing millions or even hundreds of millions of pounds in research and development and new capital projects. All BP has to do is find oil and get it out of the group which, granted, isn’t that easy, but it’s easier than trying to predict the next consumer trend or invent the next miracle drug. That said, one threat we can’t ignore is BP’s business model, from the global transition away from dirty, polluting fossil fuels like oil and gas, towards cleaner renewable energy. According to BP’s forecasts, demand for oil and gas will continue to expand until around 2035, and then level off from there. This implies that the company will still be able to reap (and distribute to investors) the rewards of producing oil and gas. But the group is also trying to grow its presence in the renewable energy space — it’s not resting on its laurels — which I believe is a sensible move, considering the way the world is heading. Slow and steady As I’ve explained above, the main reason why I believe BP could be the FTSE 100 buy of the decade is its predictable business model. This means management can concentrate on other things like improving efficiency, profit margins and cash returns to investors. BP is already one of the FTSE 100’s top income-producing equities. It currently has a dividend yield of 6.1%, and the distribution is covered 1.5 times by earnings per share. There’s much more to BP’s cash returns policy than just its dividend. The firm is also forking out billions to buy back its own shares, which will reduce the number in issue, pushing up earnings per share, and ultimately, the share price. According to my figures, the amount of money BP is currently spending on buybacks is equivalent to a buyback yield of 0.5%. When added to the dividend yield, this gives a total yield for investors of around 6.6%. Investing for the long term Unfortunately, because the company forked out $10.5bn to buy a string of producing assets across the US from BHP in the middle of last year, management has informed shareholders that buybacks will take a back seat in 2019 as the firm devotes all available funds to reducing debt. Still, over the long term, these new assets should only lead to improved cash generation, which will ultimately mean higher cash returns for investors when the borrowings used to fund the deal are paid off. These are just some of the reasons why I believe the BP share price is the FTSE 100 buy of the decade. You Really Could Make A Million Of course, picking the right shares and the strategy to be successful in the stock market isn't easy. But you can get ahead of the herd by reading the Motley Fool's FREE guide, "10 Steps To Making A Million In The Market". The Motley Fool's experts show how a seven-figure-sum stock portfolio is within the reach of many ordinary investors in this straightforward step-by-step guide. Simply click here for your free copy. Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
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