Share Name Share Symbol Market Type Share ISIN Share Description
British Petroleum LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Shares Traded Last Trade
  +3.00p +0.54% 557.50p 26,965,922 16:35:21
Bid Price Offer Price High Price Low Price Open Price
558.00p 558.20p 565.90p 554.30p 556.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 181,084.00 5,315.94 12.73 42.2 111,265.9

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BP Daily Update: British Petroleum is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker BP.. The last closing price for BP was 554.50p.
British Petroleum has a 4 week average price of 549.70p and a 12 week average price of 531p.
The 1 year high share price is 603.20p while the 1 year low share price is currently 452.50p.
There are currently 19,958,001,728 shares in issue and the average daily traded volume is 31,777,653 shares. The market capitalisation of British Petroleum is £111,265,859,633.60.
optomistic: Not good for the motorist but must be good for the BP shareholders, I don't mind how much the petrol goes up, as long as the share price goes up moves up accordingly ....any one got the figs as to how much a dollar on a barrel adds to the bottom line?
the grumpy old men: 4 surprising dividend growth shares? AstraZeneca plc, Barclays PLC, Glencore PLC and BP plc Do these stocks offer upbeat dividend growth outlooks? AstraZeneca plc (LON:AZN) (AZN.L), Barclays PLC (LON:BARC) (BARC.L), Glencore PLC (LON:GLEN) (GLEN.L) and BP plc (LON:BP) (BP.L) September 26, 2018 Robert Stephens FTSE 100 Barclays Barclays The dividend growth outlooks of AstraZeneca plc (LON:AZN) (AZN.L), Barclays PLC (LON:BARC) (BARC.L), Glencore PLC (LON:GLEN) (GLEN.L) and BP plc (LON:BP) (BP.L) could be relatively strong in my view. After a number of years without rising dividends, AstraZeneca is expected to increase shareholder payments in the next financial year. The company’s investment in its pipeline looks set to pay off, with EPS growth of 12% in 2019 being forecast by the stock market. With the company having an increasingly strong position in a number of key markets, its long-term outlook appears to be improving. A dividend yield of 3.7% may not be the highest in the FTSE 100, but AstraZeneca’s dividend growth potential seems to be high. After freezing its dividend in the last couple of years to focus on rebuilding its balance sheet, Barclays is expected to deliver strong dividend growth over the next two years. In fact, by 2019 its dividend payments are forecast to be around 170% higher than they were in 2017. This puts the stock on a forward yield of 4.5%, and suggests that Barclays could be a surprise income option in the long run. Glencore’s share price performance has been relatively disappointing of late. Regulatory concerns and a stronger dollar have caused investor sentiment to come under a degree of pressure. This means that the mining company now has a dividend yield of around 5%. In my view, this provides it with income investing appeal. Clearly, it is a relatively risky and volatile stock which lacks the resilience of some of its FTSE 100 peers. But with a P/E ratio of 9, I feel that Glencore’s risk to reward ratio is relatively appealing. BP’s financial prospects have improved significantly in recent months. A rising oil price means that the company’s EPS growth is expected to positive, although its dividend yield still stands at over 5% in spite of a share price increase. With the BP share price having a P/E ratio of around 13, I feel that it offers good value for money. Since I believe that the oil price could move higher, the stock could deliver improving dividend growth over the medium term. About Robert Stephens 4396 Articles Robert Stephens is a CFA Charterholder and an Equity Analyst by trade. He is a passionate private investor who has been buying and selling shares for many years, owning a wide range of UK shares in the process. He has written for Citywire and The Motley Fool US and now runs his own business. To contact Robert, please email or use one of the other contact methods available on the 'Contact Us' page
grupo guitarlumber: Aug 22, 2018, 06:26am Five Reasons To Be Bullish About Investing In BP Gaurav Sharma Gaurav Sharma Contributor i I cover commodities, mostly oil & gas, often debunking risk premiums. The recently concluded earnings season turned out to be mixed bag for oil and gas majors, with one notable exception – BP (LON:BP). The company delivered a sterling set of quarterly results and has been unveiling a series of eye-catching announcements for much of the current calendar year. The developments give existing and potential investors much to be positive about. Towards the second quarter of 2017, BP was among my stock picks as a nailed-on 'buy' with a 12-month U.K. share price target of 550p. Over the stated period, the company not only outperformed its peers and but beat also the price target with time to spare. Relatively higher oil prices and increased output helped BP quadruple its second quarter underlying replacement cost profit, the company's definition of net income, to $2.8 billion up from $0.7 billion over the same quarter last year, as revealed in July. There are many reasons to be optimistic about investing in BP (Photo: Andrew Yates /AFP/Getty Images) Based on public statements, portfolio optimization efforts and developments at the oil major, I maintain that 'buy' sentiment and believe BP is well poised to match or cap a share price level of 650p over the next 12 months. Here are five reasons to be bullish: Production uptick and the U.S. 'Shale Gale' ride BP's output in the first six months of 2018 came in at 3.662 million barrels of oil equivalent per day (boepd), up from 3.544 million (boepd) over the same period a year ago. The company shows clear signs of moving onward and upward. MORE FROM FORBES Eidoo BrandVoice The Importance Of Being Trustless: Eidoo's Hybrid Exchange NVIDIA BrandVoice Prescribing Deep Learning in Healthcare Civic Nation BrandVoice Students Helping Students To Alleviate The Hidden Costs Of College On July 27, BP revealed it is buying $10.5 billion worth of U.S. shale assets from BHP Billiton, the blue chip miner that's had a troubling time managing them since purchase back in 2011. The acquisition is BP's biggest since 1999. In pure barrels of oil equivalent terms, the acquisition will increase BP's U.S. onshore oil and gas resources by 57%. That would be 190,000 boepd in additional output; split as 90,000 boepd from the Eagle Ford, 60,000 boepd from Haynesville and last but not the least 40,000 boepd from the Permian. The acquisition is a massive impact statement from BP as all three plays point to a quicker monetization of barrels compared to conventional offshore oil and gas plays that take years to yield. Furthermore, make no mistake; BP can most certainly manage the assets way better than BHP Billiton did. Moving on from Deepwater Horizon litigation Even though it is still paying the $65 billion bill in clean-up and penalty costs resulting from the disaster, market consensus and vibes from BP suggest the company is putting the troubles of the 2010 Deepwater Horizon accident and the Gulf of Mexico oil spill behind it. BP (LON:BP) share price trajectory for 12 months to August 2018.BBC The saga weighed on the company for nearly five financial years, causing divestments across the board, as it attempted to get a handle on things. However, since the start of 2016, many in the investor community view the oil major to be growing in confidence in its ability to manage and put the fallout behind it. Putting a figure on it, based on the conjecture of rating agencies and market projections, BP's spill damages are likely to fall from an average of $7 to 8 billion per year to less than $1 billion from 2020-21. If that turns out to be the case, BP's free cash-flow (FCF) exceeds this. Upstream portfolio optimisation Back in July, commenting on his company's U.S. shale move, BP Chief Executive Bob Dudley described it as "a transformational acquisition" and "world class addition" to the company's portfolio. That portfolio has become among the best in the oil and gas business in recent years, with the oil major proving itself to be deft at shifting and bagging upstream assets. View of BP's Khazzan project site in Oman.BP Plc Buying shale assets, divesting in Alaska, going big on natural gas, remaining a key participant in Gulf of Mexico oil block auctions, cutting operations in the North Sea yet revealing two new finds in the mature prospect – BP has seen and done it all. The company was also deemed to have had "best-in-class" lifting costs in 2017, according global analysis and advisory firm Rystad Energy. For instance, BP's $6 billion investment in the Khazzan Phase 1 and Makarem projects in Oman highlighted its "execution excellence" by achieving greenfield costs below $5 per barrel of oil equivalent. With upstream on the up, as a sweetener for shareholders, BP lifted its dividend by 2.5% in the second quarter. It is the first such increase since 2014, offering a higher yield (of 5.44%) and better cash returns. New ventures, innovation and downstream fine-tuning Alongside signature moves in upstream, sit strategic low carbon and downstream overtures. Back in February, at the time of the publication of its 2017 annual results that pointed to a 24% annualized uptick in downstream profits, BP's Chief Scientist Dr Angela Strank told me the oil major is playing a "longer wavelength game" underpinned by emerging technologies, scientific agility and a robust downstream portfolio. "In recent times we have divested a number of refineries, but our current focus is on eight refineries around the world that are really world class in terms of their operations and complexity. We've improved the reliability of our assets, and turned around our petrochemicals business to be resilient at any point in the cycle which maybe it wasn’t in the past," she added. BP petrol station near Mexico city, part of its expansion strategy for fuel retail sales in emerging markets. (Photo: Ronaldo Schemidt/AFP/Getty Images) The company has strategically entered retail fuel markets in Mexico and China. Efforts also range from creating biosynthetic lubricants (Castrol Edge) to more efficient fuels (BP Ultimate), digital apps for aviation support like FlyVictor and RocketRoute to Tricoya, a consortium project that facilitates acetylation of wood chips for use in the fabrication of panel products such as medium density fibreboard and particle-boards. Its venture Lightsource BP, in which the company has a 43% stake and is already the largest developer and operator of utility-scale solar projects, is looking to spread its wings to India's renewable energy market. In June, BP bought Chargemaster, the UK's top electric vehicle charging firm. CEO's commitment to lower break-even The company's moves are accompanied by prudent management coming straight from the top. If the Deepwater Horizon disaster was the trigger for a lower break-even, the oil price slump of 2015-16 served as a catalyst. BP Chief Executive Bob Dudley was the first of the big oil bosses to declare his aspiration for a $30 per barrel break-even, although several of his peers have since followed suit. Last year, at the World Petroleum Congress in Istanbul, Turkey, Dudley told me that he felt the age of $100 oil prices was an aberration, and that BP would be aiming to lower its break-even first to $50, then to the $35-40 range, and ultimately to $30 by 2021. BP Chief Executive Bob Dudley has made clear his desire for a lower break-even. (Photo: BP Plc)BP Plc Investors should take comfort as the top man is so vocal about an optimized portfolio and a lower break-even. In Dudley, BP has a boss who not only steadied a rocky ship but has also turned it around. The company continues to show impressive financial resilience under his leadership. The various downstream and upstream overtures, especially the $10.5 billion mammoth shale acquisition, are likely to result in a marginal increase of its gearing, or debt-to-capital, ratio. However, this will "remain" within the company’s 20% to 30% target range, according to BP. Of course, the oil major's shares trade in near tight correlation with oil (and gas) prices and in some ways present a similar level of volatility. But crude oil benchmarks have oscillated within a predictable $60-80 per barrel range for a while now, and BP, for me at least, represents the corporate turnaround story of the past few years. By that argument, I consider it to be a long-term addition to any investment portfolio. Disclaimer: The above commentary is meant to stimulate discussion based on the author's opinion and analysis. It is not solicitation, recommendation or investment advice to trade the aforementioned company’s shares, and/or oil and gas futures, options or products. Oil and gas markets can be highly volatile and opinions in the sector may change instantaneously and without notice. The author is an oil & gas analyst and market commentator. Follow him on Twitter @The_Oilholic FORBES
the grumpy old men: 16 August 2018 BP p.l.c. Second quarter interim dividend for 2018 Scrip Dividend Programme On 26 July 2018, the Directors of BP p.l.c. announced that the interim dividend for the second quarter 2018 would be US$0.1025 per ordinary share (US$0.615 per ADS) (see RNS Number: 9448V). This interim dividend is to be paid on 21 September 2018 to shareholders on the share register on 10 August 2018. 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$7.099 for each new ordinary share. For holders of ordinary shares this is equivalent to 1 new share for approximately every 69.259 shares held prior to the ex-dividend date of 9 August 2018. 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 9 August 2018. 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$42.644 for each new ADS. For holders of ADSs this is equivalent to 1 new ADS for approximately every 69.340 ADSs held prior to the ex-dividend date of 9 August 2018. 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 21 September 2018 will be converted from US dollars at the average of the market exchange rates for the four dealing days from 5 to 10 September 2018. The sterling cash dividend will be announced to the London Stock Exchange on 11 September 2018. The latest date for receipt of elections to participate in the Scrip Dividend Programme for this interim dividend is 4 September 2018. 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 4 September 2018, 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 2018 dividend and timetable are available at and details of the Scrip Dividend Programme are available at 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 or visit END DIVFQLFFVVFEBBF (END) Dow Jones Newswires August 16, 2018 07:54 ET (11:54 GMT)
tewkesbury: Powerhouse Energy (PHE) possible 2000 bagger: englishlongbow 25 May '18 - 10:49 - 6554 of 6556 Keith Allaun says PHE could be a FTSE 100 company based on their UK rollout plans i.e. at least 300p share price; and they are expecting 2.5x more rollout in the EU, and roll out in other geographies like Australia, Far East, Midddle East, etc. So in terms of the share price: 300p for the UK + 750p for the EU + more elsewhere, gives an eventual share price well over 1000p (£10) making it a 2000+ bagger from here. £1000 investment now could be worth £2 million in future. That is a mind boggling return on investment.
waldron: BP's Grueling Recovery Gathers Momentum -- WSJ 02/05/2018 8:02am Dow Jones News BP (LSE:BP.) Intraday Stock Chart Today : Wednesday 2 May 2018 Click Here for more BP Charts. Oil company's output and share price are on the mend, as effect of 2010 disaster fades By Sarah Kent This article is being republished as part of our daily reproduction of articles that also appeared in the U.S. print edition of The Wall Street Journal (May 2, 2018). LONDON -- BP PLC shares rose to levels not seen since shortly after the Deepwater Horizon disaster in 2010, as rebounding oil prices led to solid first-quarter results. Like other big oil firms that have reported recently, London-based BP benefited from recently lofty oil prices, but it also showed rising production. The outcome was its strongest quarterly earnings since mid-2014 -- which could go some way toward convincing investors that BP's ambitious plan to regain its position among the world's top energy companies is gaining steam. BP's shares rose 1.8% to GBP5.48, or about $7.50, in London trading on Tuesday. The stock hit a two-year high of GBP6.58 on April 21, 2010, the day after the Deepwater Horizon explosion, which killed 11 and sent oil spewing into the Gulf of Mexico, resulting in the worst offshore oil spill in U.S. history. Once investors realized the scale of the disaster, BP shares hurtled lower, hitting a low of GBP2.96 in June 2010. Then-Chief Executive Tony Hayward resigned the following month, and BP started what would turn out to be a multiyear, multibillion-dollar effort to recover. To pay for cleanup costs and legal fees, BP was forced to sell off billions of dollars in assets, dramatically shrinking the size of the company. To date, the spill has cost BP more than $65 billion. The company agreed to a landmark $20 billion deal to settle all federal and state claims for the accident in 2015. Since then, executives, including current chief Bob Dudley, have tried to turn the page on the disaster. Part of that effort has been a plan to return its oil-and-gas production to four million barrels a day, while boosting profits and cash flow. The company said Tuesday its replacement cost profit -- a number analogous to the net income that U.S. oil companies report -- was $2.4 billion in the first quarter, compared with $1.4 billion in the same period a year earlier. The last time it reported profit of that size was in the third quarter of 2014, when oil prices were hovering near $100 a barrel. In addition to its Deepwater Horizon woes, BP suffered with the rest of the industry through years of low oil prices. Oil prices fell to about $25 a barrel in 2016, before rebounding. International crude is now trading near $75 a barrel. The company's first-quarter production rose 6% from a year earlier. BP started a record number of projects around the world last year and intends to initiate six more in 2018, part of a plan to add 900,000 barrels a day of new production by 2021. That would return output to near its pre-Deepwater Horizon levels of roughly four million barrels a day. On Tuesday, it said it pumped 3.7 million barrels a day in the first quarter. BP finance chief Brian Gilvary raised the prospect that the company would consider raising its dividend in the second half of the year as it expects debt levels to subside. It kept its payout unchanged for the first quarter. But BP still hasn't escaped the financial liabilities of the Deepwater Horizon disaster. The company said it paid out $1.6 billion in the first quarter, including the final installment from a settlement with the U.S. Justice Department to resolve all criminal claims. For the full year, payments are expected to total just over $3 billion. The company faces charges of about $2 billion next year, and then more than $1 billion a year out past 2030. BP caps a mixed earnings season for the world's biggest oil companies. Exxon Mobil Corp., Chevron Corp. and Royal Dutch Shell PLC posted their best first-quarter profits in years, but investors remained skeptical of companies that failed to meet expectations when oil prices were at their highest level since 2014. Write to Sarah Kent at (END) Dow Jones Newswires May 02, 2018 02:47 ET (06:47 GMT)
ariane: Why I’d avoid this dividend stock and buy 6% yielder BP plc instead Roland Head | Tuesday, 20th March, 2018 | More on: BP WG Image source: Getty Images. I believe it’s time for investors to get choosy about dividend stocks. With the FTSE 100 trading at the lowest levels since December 2016, there’s plenty of choice for income hunters. A quick review of the big-cap index shows around 40 stocks with a forecast yield of at least 4%. If you expand your search to include the FTSE 250 as well, that number rises to about 100. Today I’m looking at two dividend stocks I’d like to own at the right price. A mixed picture In my opinion, energy services firm John Wood Group (LSE: WG) — now known as ‘Wood’ — is a good company. But last year’s £2.2bn acquisition of rival Amec Foster Wheeler will take a while to digest. The Wood share price was down by 5% at the time of writing, after the firm’s 2017 results revealed a full-year loss of $30m, thanks to $165m of one-off costs. These figures show that the group’s pro forma revenue — adjusted to include Amec Foster Wheeler for comparison purposes — fell by 12% to $9,882m last year. Proforma adjusted operating profit fell by 11% to $598m. Adjusted operating margin was unchanged at 6%. Looking at the actual figures, Wood ended last year with adjusted earnings of 53.3 cents per share, 16.8% lower than in 2016. Despite this, the dividend was increased by 3% to 34.3 cents per share. Too soon to buy? I’m confident that as the oil and gas market recovery continues, earnings will improve. I’m also fairly comfortable that the group’s management will do a decent job of integrating Amec Foster Wheeler, which is expected generate cost savings of $170m over three years. However, the Amec deal has left the combined group with net debt of $1,646.1m. This equates to 2.4 times earnings before interest, tax, depreciation and amortisation (EBITDA). The company aims to reduce this to between 0.5x and 1.5x EBITDA “within approximately 18 months”. I believe this could be challenging. Earnings are expected to rise by 16% this year, putting the shares on a forecast P/E of 13.5 with a prospective yield of 3.7%. This could be good entry point. But with debt reduction a priority, I don’t think there’s any rush. I’d watch for opportunities to buy below 600p. Why I’d snap up this 6% yield Services companies like Wood have yet to see the full benefit of the oil market recovery. But producers such as BP (LSE: BP) are already one step ahead. They’ve cut costs and are enjoying surging profits thanks to higher oil prices. BP’s underlying earnings are expected to rise by 40% to $0.44 per share this year. This should provide additional support for the dividend and enable the group to start reducing its debt levels. Forecast dividend cover of 1.1x earnings is still slim, but it means the payout will be covered by earnings for the first time since 2015. I believe that hitting this milestone means the dividend should be safe for the foreseeable future. The $0.40 per share payout could even start to rise over the next few years. BP’s share price has fallen by nearly 15% since January. Trading on a 2018 forecast P/E of 15 with a prospective yield of 6.1%, I rate the stock as a strong buy for income. Buy-And-Hold Investing Our top analysts have highlighted five shares in the FTSE 100 in our special free report "5 Shares To Retire On". To find out the names of the shares and the reasons behind their inclusion, simply click here to view it immediately with no obligations whatsoever! Roland Head has no position in any of the shares mentioned. The Motley Fool UK has recommended BP. 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.
ariane: BP plc and this growth monster could make you stunningly rich Harvey Jones | Wednesday, 28th February, 2018 | More on: BP WEIR Image source: Getty Images. I have kept one eye open for Glasgow-based hydraulic pump maker Weir Group (LSE: WEIR) ever since I almost bought it five years ago, and it has endured a bumpy ride since then. However, it is rising today, the share price up 2% on publication of its full-year results for the year ended 31 December. Weir strong The results are headlined “Delivering strong growth and strategic progress” and included a 20% rise in group orders as demand for its technology and services increased in its main markets. Profits before tax rose 47%, driven by excellent growth and operational leverage from oil and gas. Weir is benefitting from the oil price resurgence and increased activity in US shale, which has boosted demand for its drilling and fracking equipment. Oil and gas orders increased 67% last year, with North American upstream increasing a whopping 82%. Return on capital employed increased 290 basis points. Digging deep Investors will also have been buoyed by this line from CEO Jon Stanton: “Looking to 2018, assuming market conditions remain supportive and despite anticipated foreign exchange headwinds, we expect to deliver strong revenue and profit growth and further balance sheet deleveraging.“ Stanton said the industrials group has worked closely with customers to identify opportunities to increase their productivity and invested early to take full advantage of improving conditions. This drove order momentum in its minerals operation, which delivered consistent growth in its high-margin, cash-generative after-market, and positioned it decisively for the anticipated upturn in the mining capital cycle. Its oil & gas operation took full advantage of improving markets in North America. The £4.57bn company’s forward valuation of 16.9 times earnings now looks relatively undemanding, given today’s success, while its PEG is just 0.4. City analysts are pencilling in 39% earnings per share (EPS) growth for 2018, and 15% in 2019. Current yield is 2.4%, covered a healthy 2.5 times. My Foolish colleague Peter Stephens reckons it is a buy. Nothing more to add except a cheery: Here Weir go. Buy BP Oil and gas giant BP (LSE: BP) has also had a bumpy few years due to the fluctuating oil price, although it has also suffered a few embarrassing personal problems. The share price is slowly getting out of deep water, even if the last month has been bumpy. Brent crude at $70 a barrel was a turbocharger, although it may get little further support from that corner as energy prices slip. RBC Capital Markets still reckons BP is set to outperform after the last year of transition, due to its growing upstream base and favourable dynamics in the downstream, the latter of which “may be under-appreciated by the market”. $30 oil My Foolish colleague Rupert Hargreaves is more than appreciative, recently naming BP the buy of the decade. With management driving down its break-even point to $47 per barrel last year and targeting somewhere in the $30s, BP could continue to pump out the profits even if the oil price plunges again. The £95bn energy behemoth trades at a forecast valuation of just 15.1 times earnings, good for a company with such major prospects. Its EPS are forecast to rise a whopping 156% this year. The yield is 6.1%. If BP is not in your portfolio, you must really hate oil companies. We reckon we could just have an even more exciting growth prospect for you right here. This mid-cap company has been turning on the style lately and one of the Motley Fool's top analysts reckons it is the latest British brand with the potential to go global. To find out its name you simply need to download our special report A Top Growth Share From The Motley Fool. Click here to read this no obligation report. It will be yours in moments and won't cost you a single penny. Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has recommended BP and Weir. 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.
the grumpy old men: Better Buy: ConocoPhillips vs. BP These oil industry titans have a lot in common. Which is most likely to outperform? John Bromels (TMFTruth2Power) Jan 4, 2018 at 2:16PM As 2018 begins, the oil and gas industry seems to be caught in an upward trend for a change. Oil prices are rising, and so are company share prices. Take, for instance, British oil major BP (NYSE:BP) and U.S. independent producer ConocoPhillips (NYSE:COP). Both have seen double-digit share price increases in the past year, with BP and Conoco both higher by about 12%. The companies' managements have high hopes for 2018. Let's compare these companies on three metrics to try to determine which is the better buy heading into the new year. A row of pump-style oil wells in a desert landscape BP and Conoco shares have been outperforming the S&P for the past six months. Is this the start of a trend? Image source: Getty Images. Dividend: more than yield A dividend is an important piece of the value equation for an oil and gas company, and luckily for investors, both BP and Conoco reward shareholders through dividends. But BP's yield is fully three times what Conoco is yielding: 5.7%, to Conoco's 1.9%. Both yields have dropped a bit as the companies' stock prices have risen, but that's still a huge difference. It's not all about current yield, though. A company's payout history is important, too, and both of these companies have slashed their dividends in recent memory. BP, of course, was forced to cut its payout in the wake of the Deepwater Horizon oil spill in the Gulf of Mexico in 2010. ConocoPhillips cut its dividend by nearly two-thirds more recently, in 2015 as a result of the oil price slump. So neither company is a stranger to a cut, and both have had a spotty history in recent quarters as far as dividend coverage is concerned. Given these similarities, the superiority of BP's yield has to carry the day. Winner: BP. Returns: an unfair advantage Metrics such as return on capital employed (ROCE), return on invested capital (ROIC), and return on equity (ROE) measure how successful a company's management has been in deploying investors' cash. And in all three of these metrics, you'll notice something very different about BP's numbers vs. Conoco's: Metric BP Conoco ROCE 3.8% (3.6%) ROIC 2.4% (4.2%) ROE 4% (7.4%) Data source: YCharts. All figures on a trailing-12-month basis. Chart by author. BP's return metrics are all positive, while Conoco's returns are all negative. That would seem to indicate that BP's management has been doing a far better job of managing the company's capital than Conoco's has. But those numbers don't tell the whole story. As an independent oil and gas exploration and production company, Conoco's business was hit particularly hard by the oil price downturn. While the larger BP had a profitable downstream refining and marketing business to help buoy the company's finances, Conoco did not. So while both companies' returns have taken a hit since 2014, Conoco's were hit far harder. Both companies have improved their returns since mid-2016, but Conoco has had a deeper hole to climb out of. In other words, this may say less about Conoco's management than it does about the inherent strength of diversification at BP. Still, whether it's coming from better management, a better business model, or luck of the draw, BP still comes out ahead in this category. Winner: BP. Powered By Plans: what to expect Past returns and current yield can only tell us so much, though. Investors should also consider what these companies are planning for the future. Conoco is definitely looking to turn the page on an unprofitable couple of years. The company has made big strides since 2015 to right its business model, selling off underperforming Canadian assets and introducing a shareholder-friendly business plan. It's hoping to grow its dividend, buy back shares, and continue reducing its debt. Those plans have already been rewarded, as the market has bid up the company's stock by about 25% in the past six months alone. But BP has big plans, too, recently announcing plans to restart its share-buyback program, making it the first of the oil majors to do so. It's seeing big production gains from some major projects it began in 2017, including big gas projects in Egypt and offshore Trinidad, which should also pay off for investors. This one's a tough call, but I'm going to give it to Conoco because of the level of detail in its plan. Winner: ConocoPhillips. A lopsided contest BP has by far the better dividend yield and return metrics, and a comparable plan to reward shareholders in the future. And while it's tough to compare the companies' valuations because of recent gaps in positive quarterly earnings or positive quarterly free cash flow, BP's enterprise value-to-EBITDA ratio -- another valuation metric -- is more favorable than Conoco's on both a forward and trailing basis. In light of all that, BP is clearly the better buy right now. That said, it's entirely possible that Conoco will flawlessly execute its plan while BP stumbles. And, of course, there's always the possibility that some unforeseen event -- a la Deepwater Horizon -- could come along and derail either company. Oil and gas investors should keep an eye on both companies, but for those buying in now, BP looks like the best bet.
sarkasm: Why Grabbing A Piece Of BP Now Is A Good Move Nov. 10, 2017 10:58 AM ET| 1 comment| About: BP p.l.c. (BP) Gary Bourgeault Gary Bourgeault Long only, research analyst, portfolio strategy, media (4,537 followers) Summary Profits in the 3rd quarter double. Highly likely to reach its 2020 target of 800,000 BOE a day. Cost-cutting measures allow the company to generate a profit with oil at $50-$60 per barrel. Dividend safe and will probably start to be increased. source: CNBC After it recent earnings report BP (BP) unsurprisingly enjoyed a nice boost in share price, as the market acknowledged it has turned the corner. Somewhat surprising is it has fallen back to levels prior to its earnings report, which investors should consider a buying opportunity. I see BP starting on a long-term run where it'll perform as a growth and revenue stock over the next few years. The company guided for production to climb sequentially, as it started its natural gas production at the Khazzan field in Oman. That's the 6th of 7 projects the company has launched in 2017. Costs associated with covering CapEx and its dividend has dropped to $49 per barrel, so if the price of Brent Crude remains close to $60, we're going to see free cash flow increase quickly. Even it pulls back to around $55, the company will grow free cash flow, albeit it at a more modest level. BP chief financial officer Brian Gilvary, said this to the Financial Times: “We are back to a new normality. We’ve come through the oil price correction and we’ve got things back into balance earlier than planned.” Outlook for oil price and BP's management of it Gilvary noted that he thinks oil will remain in the $50-60 per barrel range, and the company has made plans based upon that scenario. He added that the strategy of BP includes the flexibility of lowering its break-even point to about $45 per barrel if market conditions warrant it. For 2018, BP assumes the price of oil to be approximately $50-$55 per barrel. “We’re in a much stronger position now to manage wherever the price decides to go next because we’ve done the heavy lifting of getting the cash [break-even point] back down,” added Gilvary. As for the price of oil, a lot hinges upon the pace of growth in demand versus the length of time the production cut deal remains in place, and how strongly the participants adhere to the terms. It appears shale production has slowed down for a time; although I wouldn't count out it increasing over the next couple of years. Rig counts aren't important as they used to be because of the significant increase in productivity among shale producers, so it's not as accurate as a metric as it used to be in that regard. The number or rigs that are operational could be lower than in the past, while producing significantly more oil. Another factor on the stockpile side is DUC wells in reality are their own storage facilities, and they can quickly be completed and brought into production. So inventory levels in the U.S. also have to be measured differently than before the shale revolution. When adding the key factors together, I do think oil can hold in the range of $50 to $60 per barrel, but as I've mentioned a number of times, the exit strategy associated with the production cuts remains an unknown. How that will be implemented without it disrupting the supply and the price of oil remains a mystery. All that I can see is demand rising to high enough levels where it will need the supply from these countries to meet it. If that doesn't happen, there is no way an exit won't put downward pressure on oil prices. How I see it at this time is the most likely outcome will be demand will rise, but not enough to fully offset the amount of oil returned to the market. The result will be some downward pressure on oil, but probably not to levels so devastating it would crush the oil industry as it did in the recent past. For that reason, I think BP is well positioned to at least break-even under a mildly stressed oil price. If shale oil surprises once again to the upside, it would produce a difficult environment to generate a sustainable profit for BP. For now, it should be able to build up its cash in order to protect its dividend from being cut under almost any scenario that emerges. BP's actions show it sees ongoing support for oil The market liked BP's decision to renew its share repurchase program, suggesting it is confident it can continue to improve its balance sheet while growing the company. Again, it also points to the company believing the price of oil has found sustainable support going forward. Among management in the sector, I have more confidence in the long term outlook of BP for oil demand than most others. The reason I do is because it refused to be politically correct in the sense of repeating the narrative of how disruptive renewables will be to the oil market. It's not that they don't seeing it growing and increasing share, only that the time frame many see it happening in they disagree with. BP sees demand growing through about 2040 before leveling off. Most other companies think it's going to be a lot sooner than that. I believe BP is correct. One example is the demand for SUVs in China, which is expected to climb to 150 million vehicles by 2025. Most of those will be powered by gasoline. Another factor not being considered by some in the market is the growth of petroleum-based products. This is being looked at as a long-term growth market by the industry. Cars, trucks and SUVs aren't the only things driving oil demand. Performance against the market Depending on the metric being used, BP has underperformed and outperformed the market. On the outperformance side, it has beating the industry's 5.7 percent growth, with BP up 10 percent, according to Zacks. Its dividend also beats Zacks Oil International Integrated industry, which was 4.1 percent, with BP paying out 5.7 percent as of this writing. If you measure BP's performance against the FTSE 100 over the last 5 years, it's results havn't been as impressive. During the last 5 years the FTSE is up 28 percent, while BP is only up 17 percent during that same period. One positive for investors located in the UK is the pound has dropped in value against the U.S. dollar, which means they experience an increase in profits when measured in that way. During that time BP's dividend probably didn't offset the difference in growth rates, but now I see it being in a strong position to outperform the FTSE going forward, while at minimum keeping its dividend yield in place, and if the price of oil cooperates, increasing it consistently in the years ahead. Conclusion I think BP has now turned the corner, and if the price of oil remains above $50, it'll start to provide shareholders with growth and income. If it can reach its goal of increasing its output to 800,000 BOE a day by 2020, it's going to give the stock a strong boost; that will probably find support, especially if BP continues to lower its cost structure. I don't think it has it cutting break even as a drop back position, but rather is something it'll continue to work to improve upon until it reaches $45 per barrel. Under that scenario, BP would be positioned nicely for long-term growth. Add to this the waning costs associated with the Deepwater Horizon spill, and the outlook for BP is the best it's been for a long time. The price of oil is outside the hands of BP's management, but if it continues to find support, the company will grow free cash flow. The only question left is at what pace that will happen. That means we should expect an increase in its dividend over time while easily funding its debt load, while at the same time expanding projects that offer the company long term growth. It's expected 2018 P/E of 18 is a little hefty, but I still think when considering the overall health and outlook of the company, it's well worth it. This is a good time to take a position in BP. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
BP share price data is direct from the London Stock Exchange
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