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BP. Bp Plc

7.15 (1.51%)
30 Nov 2023 - Closed
Delayed by 15 minutes
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
  7.15 1.51% 479.10 101,226,221 16:35:18
Bid Price Offer Price High Price Low Price Open Price
475.60 475.80 489.70 473.00 476.15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining USD 242.07B USD -2.49B USD -0.1455 -32.69 81.31B
Last Trade Time Trade Type Trade Size Trade Price Currency
17:48:03 O 61,932 480.441 GBX

Bp (BP.) Latest News (2)

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BP. is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 

Bp (BP.) Discussions and Chat

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Date Time Title Posts
30/11/202313:54BP. - Charts & News8,744
06/10/202312:28 BP99,248
30/9/202318:52BP to benefit from oil price boom?423
01/9/202320:17British Petroleum Plc (basic display)14

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Bp (BP.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Bp (BP.) Top Chat Posts

Top Posts
Posted at 30/11/2023 08:20 by Bp Daily Update
Bp Plc is listed in the Petroleum Refining sector of the London Stock Exchange with ticker BP.. The last closing price for Bp was 471.95p.
Bp currently has 17,091,874,497 shares in issue. The market capitalisation of Bp is £81,306,046,982.
Bp has a price to earnings ratio (PE ratio) of -32.69.
This morning BP. shares opened at 476.15p
Posted at 23/11/2023 14:07 by daler1966
will buy more BP if/when share price drops Divi 4.8 & pe 4.2
Posted at 23/11/2023 09:51 by meb123
If I had the money I would also buy around 460. Hate to be the bearer of bad news though . The discord in OPEC appears to be the Saudis not happy with others like Iran playing ball . If they decide to put back 1million barrels per day on the market , we will see oil sliding to 70 even 60 . If that happens I think we will be lucky to see 5 quid on BP anytime soon . Being a holder in these shares myself I feel frustration all the time . I think I should stop looking at the share price everyday from now on :)
Posted at 20/11/2023 08:24 by veryniceperson
Would be nice if Bob Dudley came back. Share price would have another couple of quid on it. IMHO.
Posted at 17/11/2023 13:41 by gwatson56
It would be good if the shareholders could see the more mature renewable projects showing a 6% + margin..... First movers usually spend a fortune getting to project maturity then others garner the experience of the first mover then tend to make more of the opportunity... I do wish BP would stop and think long and hard... I note with angst that it plans to spend as much as $65 billion on renewables, hydrogen, biofuels and electric mobility between 2023 and 2030, accounting for half of the company's investments by the end of the decade, compared with 30% in 2022. To think that is some 60% of the companies value given the share price today.
Posted at 09/11/2023 18:26 by gwatson56
Questor note in the Daily Telegraph....

For all the uncertainty over BP’s strategy, we can be confident that share price gains lie ahead

Story by Robert Stephens •

The future is perennially uncertain for every company. Even the most knowledgeable and experienced investors do not know what will ultimately happen to any company’s share price. Even if they argue otherwise. However, there are times where uncertainty is particularly heightened.

Following our analysis of Shell on Tuesday and of Italy’s ENI on Monday, we conclude this week’s short series on oil companies with BP – a business that faces a hugely opaque outlook, largely as a result of its muddled strategy.

In 2020 it announced ambitious plans to turn towards renewables in response to the world’s expected transition to net zero. However, it has since watered down those plans, thanks in part to an elevated oil price as well as an increasingly cautious industry consensus on how quickly net zero can happen and how profitable it can be.

In addition, the company is without a permanent chief executive after Bernard Looney stood down in September. Until a new permanent boss is announced, which appears unlikely in the near term because of the abrupt nature of Looney’s resignation, the future direction of the business seems likely to remain unresolved. Ultimately, though, fossil fuels are widely expected to remain a key part of the world’s energy mix for decades to come. They are therefore likely to deliver high levels of profits and cash flow for energy businesses over the coming years. At the same time, renewables are arguably most accurately described as a potential long-term growth opportunity that does not appear to offer high returns in the short run.

Despite its lack of a clear strategy, BP’s shares have been extremely strong since we tipped them in August 2021. They have soared by 61pc and in doing so have trounced the FTSE 100 index’s paltry 4pc rise over the same period.

Their prospects are aided by a continued low valuation: they trade at about seven times forecast earnings, which suggests a wide margin of safety.

In Questor’s view, this bargain valuation is key to their investment appeal during a highly uncertain period for the business; even though BP’s strategy is likely to be confirmed only once a new management team is in place, its share price fully factors this in. The share price also more than adequately compensates investors for an uncertain outlook for the global economy, whose rate of growth is expected to fall from 3.5pc last year to 3pc this year and 2.9pc in 2024. And, because the full impact of rapid rises in interest rate has yet to be felt owing to the existence of time lags, the prospects for oil and gas prices are highly uncertain.

However, if we assume that interest rates will fall over the next two years as the era of rampant inflation comes to an end, the outlook for the world economy is extremely likely to improve. There are also geopolitical risks that could support fossil fuel prices and BP’s performance over the coming years.

The company’s market value has declined following the recent release of its third-quarter results. Its shares have fallen by 13pc over the past three weeks and could prove volatile over the short run. Although the company reported growth in underlying profits of 27pc compared with the previous quarter, they were 60pc lower than in the same period last year. This was largely due to weak results from gas marketing and trading, which more than offset buoyant refining margins and a strong result from oil trading.

The third-quarter dividend was held at around 6p a share, which means the stock currently yields around 5pc on an annualised basis.

The company also announced a further $1.5bn (£1.22bn) repurchase of its own shares, which is underpinned by continued robust cash flow generation, while net debt fell by nearly 6pc relative to the previous quarter. As a result the company has a relatively modest net gearing ratio of 26pc.

As ever, Questor believes that the best time to buy any high-quality stock is when its market valuation reflects elevated near-term uncertainty. On that basis, BP remains a buy. Its wide margin of safety, solid fundamentals and a growing realisation among investors that fossil fuels can provide generous returns for many years to come mean that further capital gains are ahead.

Questor says: buy

Ticker: BP

Share price at close: 481.05p
Posted at 04/11/2023 15:36 by gwatson56
I do think the POO is too low. Noting that MarketScreener has a range of 478.3 - 520.3 for BP. Analysts on average seem to think the share price is 20% undervalued and anything sub 480 looks cheap and worth a top up for me. There is just too much going on in the world for a stable price environment and I do think we are in a 'risk on' environment. The price of the oilers in general and oil seems to be reflecting 'risk off' which I cannot get. Reading the BP Q&A for Q3, Murray et al seemed bullish for Q4 production and if prices jump around it gives more scope for the traders to make hay. So on balance it's a hold and add on weakness for me.
Posted at 31/10/2023 07:46 by veryniceperson
The share they buy-back they don't have to pay a dividend on. It will go on the share price eventually. Eventually, the buybacks will stop, and dividends will rise. While the share price is low, they get more bang for their bucks. Not one hundred per cent, but I bet they had to issue more shares to help pay for the GOM disaster?
Posted at 31/10/2023 07:32 by richvandam
Media uses the buybacks as "shareholders gain" literally has had 0 effect on the share price given the shares in issue.
Posted at 27/10/2023 10:37 by gwatson56
On balance I reckon this is price positive for the share price Reckon Murray will want to impress next week, those large holders will have some sway as to who takes up the reins. Reports I read at the time were that it was the large holders that twisted BL's arm to adjust the mix of output earlier in the year.
Posted at 14/9/2023 07:41 by veryniceperson
Share price making up for yesterday's losses. I personally think if Dudley was still in charge, the share price would have been between £1 and £2 higher. Let's hope they get a proper oil and gas person with a little bit of greenery on the side!
Bp share price data is direct from the London Stock Exchange

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