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
  -2.95 -0.81% 360.15 3,359,690 10:14:01
Bid Price Offer Price High Price Low Price Open Price
360.10 360.20 363.25 360.15 361.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 134,215.42 -18,203.56 -73.45 73,301
Last Trade Time Trade Type Trade Size Trade Price Currency
10:14:12 O 1 360.20 GBX

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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 363.10p.
Bp Plc has a 4 week average price of 312.35p and a 12 week average price of 286.10p.
The 1 year high share price is 366.40p while the 1 year low share price is currently 188.54p.
There are currently 20,353,021,410 shares in issue and the average daily traded volume is 43,576,524 shares. The market capitalisation of Bp Plc is £73,301,406,608.12.
waldron: Europe Desperately Needs To Diversify Its Energy Supply By Stuart Burns - Oct 10, 2021, 10:00 AM CDT Rising energy prices have fueled inflation that was already being stoked by commodity price increase and supply chain problems for much of this year. Thermal coal prices have risen to record levels, threatening to impact GDP growth in China and India as a result of electricity rationing. Europe’s energy markets are particularly exposed to supply disruptions despite supposedly being highly integrated. Join Our Community We have written twice over the last week concerning the energy crunch, first in China and then in India. Thermal coal prices have risen to record levels, threatening to impact GDP growth as a result of electricity rationing. The Financial Times observes that China has suffered a triple whammy of emissions restrictions on power generation, a shortage of coal, and price caps on electricity that mean demand is unaffected as input costs have risen. India, which relies heavily on coal for its thermal power plant, is facing tight supplies and record prices. Nationally, it has only four days of stocks left. Europe energy costs on the rise But energy — whether it is in the form of coal, natural gas or oil — is a global commodity. Both Europe and the U.S. find themselves with their own set of challenges, more skewed to the tight natural gas market and rising global oil prices. The U.K. is not alone but is possibly the most acutely exposed to Europe’s reliance on imported natural gas, particularly from Russia. U.S. gas contracts for November delivery surged nearly 40% this week to hit £4 per therm (having started 2021 below 50p). But a surprise announcement by Vladimir Putin yesterday saying Russia was prepared to increase supplies to stabilize prices prompted a sharp sell-off, sending the price down to £2.87. Whether it stays there will depend in large part on whether Russia can honor that commitment in the months ahead. Russian state gas supplier Gazprom has come under intense criticism for deliberately shipping to no more than its minimal contractual obligations this year. The reality is Russia’s own inventory levels are also depleted after a harsh winter. Related: WTI Oil Price Breaks $80 For The First Time Since 2014 It is probably fair to say Europe’s energy markets are particularly exposed to supply disruptions despite supposedly being highly integrated. Many large industrial consumers have complained that the E.U.’s Green Deal to make the bloc climate neutral by 2050 will only push up energy prices further. In turn, that could ultimately lead to social unrest. For example, high energy prices resulted in the French “gilets jaunes,” or yellow vests, demonstrations in 2018-2019. Inflation, energy cost impacts Rising energy prices have fueled inflation that was already being stoked by commodity price increase and supply chain problems for much of this year. Rising energy costs and inflation have been contributing factors in the August fall in German industrial orders. Orders fell 7.7%, a far sharper fall then economists had expected. Meanwhile, rising energy costs have prompted the closure of large energy consumers across Europe, such as ammonia and fertilizer production. Meanwhile, in the U.S., oil prices this week hit the highest level in seven years after OPEC+ decided to maintain current production levels, which will see a planned increase of just 400,000 barrels a day from November. U.S. administrators have talked about release from the strategic petroleum reserve and even limits or a ban on U.S. exports of crude oil to limit domestic oil price rises. The average price of gas at the pump has reached $3.19 a gallon, the highest in seven years. The U.S. economy does not appear to be unduly hindered by the price rises yet. The private sector added a higher-than-expected 568,000 jobs in September, the biggest rise in three months. However, with midterm elections next year, high gas prices will not go down well with voters. Looking ahead Buyers of European components may expect to see some inflation in prices this year and next. Cost increases are coming, not just from metal prices but energy, wage costs and continuing logistics delays in Europe. It is to be hoped the continent copes through this winter and cost increases do not derail the recovery. While manufacturers have been riding a wave of unprecedented demand recovery, it should not be mistaken as unstoppable. A number of factors are converging to push up costs while potentially dampening demand. That makes a toxic mix for a still-fragile recovery. By Stuart Burns via AG Metal Miner More Top Reads from Oilprice.com:
waldron: FWIW THE MOTELY FOOL What made the BP share price rise? Over the past 12 months, the BP share price has jumped from around 220p to 344p. However, most of the growth happened this month, with the share price still under 300p at the start of September. The first thing that strikes me is how well-placed BP is to benefit from increased demand for petrol. This is thanks to its strong presence in the UK petrol market. I bet a lot of people have been thinking the same thing. This led me to wonder if the BP share price jump might be down to the Keynesian Beauty Contest theory of the stock market. Celebrated economist Keynes came up with an analogy for the stock market based on a contest run by a London newspaper. In this contest, entrants were asked to choose the six most beautiful women from a set of 100. Those that chose the most popular faces would then be entered into a raffle to win a prize. Keynes argued that the skill was not actually in picking the most beautiful face, but rather picking the face that most people thought the most beautiful. His theory was that investors can behave in a similar way. They choose stocks based not on fundamentals, but on predictions of what they think the market will do anyway. Long queues at petrol pumps may persuade investors more people will want BP shares. So could this be enough to make the BP share price jump again? I’m not so sure. First, fundamentals matter to me. I’m very aware that BP operates on a bigger scale than just the UK and is about more than retail petrol sales. So giving UK petrol problems too much weighting could be a mistake. In the longer term, BP remains vulnerable to changes in oil prices. Yes, oil prices have just broken the $80 a dollar mark for the first time in almost two years. But prices fell to just over $20 a barrel during lockdown. This hit BP’s profits hard, and it posted a second quarter loss of $16,848m last year. Q2 results look brighter this year and it.s hoping an oil price above $60 a barrel will allow it to deliver a dividend of 4% per share. Will oil prices stay high? If the recovery continues at pace, I think they could; but this remains a considerable risk. So where does that leave me as a potential buyer? Overall, I wonder if I’ve missed the boat. The BP share price may jump again in the short term, but I’m not convinced long term. And I’m reluctant to get involved in a Keynesian beauty contest!
richvandam: As well, the buy backs aren’t all bad. There will be significant selling and profit taking on the way up back to the share price norm of pre-Covid. BP is essentially offering to buy these, here’s hoping that’s the case. I know everyone including myself would prefer an increase in dividend to pre pandemic levels, but that isn’t going to happen until the share price is back to pre Covid levels.
wskill: Strange that oil is at the highest price in 7 years and BP is around the price it was after the Deepwater Horizon gulf disaster am I missing something? Is there another such event what I am unaware of surely the share price should be around £6 . Stopping the useless buybacks and pay down debt then return dividends to what they were pre Looney would achieve this share price level.
waldron: gxgxx 3 Oct '21 - 10:29 - 3289 of 3289 0 0 0 The global energy crisis is intensifying, hammering the shares of companies that consume a lot of power and sending the stocks of those that produce it soaring. Economic recovery from the pandemic has boosted demand for gas and coal but their supplies have not been able to keep up. With the northern hemisphere winter on the horizon and China -- the world’s biggest electricity user -- ordering state-owned energy firms to secure supplies at all costs, investors are in a race to pick the winners and losers. A key measure of international energy producers, led by names including Cabot Oil & Gas Corp. and ConocoPhillips, has rallied almost 10% over the past month. Utilities stocks have gone into reverse, wiping out this year’s gains, with materials companies joining them among the biggest laggards on the MSCI World Index. “The energy crisis can exist for the next several years. I think a super cycle in energy has started and will continue for several years," said Sumeet Rohra, a fund manager at Smartsun Capital Pte. in Singapore. “Energy stocks are very well poised to generate big returns." China’s factory sector contracted in September for the first time since the pandemic began, thanks to power cuts that have affected regions making up more than two-thirds of the nation’s gross domestic product. The energy crunch has also reportedly halted production at suppliers of global tech giants such as Apple Inc. and Tesla Inc. Meanwhile, European inventories of natural gas are running low as economies come out of the pandemic lockdown and the White House has expressed concern about the jump in oil prices. Here is a guide to how the crisis is playing out in equities market: Energy Producers Companies that produce gas, oil and coal are set to continue benefiting as winter approaches and demand rises. Royal Dutch Shell Plc, TotalEnergies SE, Eni SpA, and BP Plc are among big European names that may rally further. In Asia, traders have their eyes on companies including Woodside Petroleum Ltd., Petronas Gas Bhd., Inpex Corp., Oil and Natural Gas Corp. and Reliance Industries Ltd. “It is not just about a short term supply-demand imbalance," said Gary Dugan, chief executive officer of the Global CIO Office. “The energy crunch is very concerning as it leads to the worst case scenario for markets -- that of stagflation," he said, referring to a situation in which economic growth stalls while inflation and unemployment rise. If the current tightness in the gas market endures into next year, then Total could see 2022 earnings boosted by 18% and Eni by 12%, Goldman Sachs Group Inc. analysts including Lilia Peytavin wrote in a note last week. Bloomberg Intelligence analyst Talon Custer said U.S. exporters of liquefied natural gas, such as Cheniere Energy Inc. and Sempra Energy, appear well positioned in an LNG market that should stay extremely tight through the winter. Exxon Mobil Corp. said on Sept. 30 that elevated gas prices will boost its third quarter profit by about $700 million. A three-year-high in oil prices also helps Exxon, and should keep others such as Schlumberger Ltd., ConocoPhillips and Halliburton Co. on the radar of traders. In contrast, gas distributors such as China Gas Holdings Ltd., Hong Kong and China Gas Co., Kunlun Energy Co, and Indraprastha Gas Ltd. may face margin pressure if they are not allowed to pass on rising input costs. Amid surging prices of coal, key stocks to watch are Arch Resources Inc. and Peabody Energy Corp. in the U.S., Glencore Plc. in Europe, and China Shenhua Energy Co., China Coal Energy Co., Adaro Energy Tbk, Whitehaven Coal Ltd. as well as Coal India Ltd. in Asia. Materials & Metals While rising power prices hurt all users, it is particularly acute for energy-intensive materials and metal companies. In Asia, these stocks include Aluminum Corporation of China Ltd., Baoshan Iron & Steel Co., Angang Steel Co., China National Chemical Engineering Co. and Zhejiang Longsheng Group Co. European construction material maker Sika AG also fits the mold, as does steelmaker ArcelorMittal and cement producer Holcim Ltd. In the U.S., steel producer Nucor Corp. and paint maker Sherwin-Williams Co. may be focus. Bank of America Corp. analysts see input-cost headwinds for Indian cement makers such as UltraTech Cement, Shree Cement Ltd. and companies in the paint sector. Power Utilities Many government-backed electricity providers are likely to face margin pressure while those that are less regulated or independent have a better chance profiting from higher electricity prices. Barclays Plc.’s analysts including Peter Crampton expect further strength in power prices to create winners in less heavily regulated northern Europe. They identified Electricite de France, Engie SA, Fortum Oyj and RWE AG. The analysts expect significant earnings-per-share upgrades, particularly for EDF, and raised their 2021 and 2022 estimates by 82% and 61%, respectively. The most visible signs of stock market distress so far have been in southern Europe’s heavily regulated utilities. Iberdrola SA and Endesa SA shares are both trading at their lowest levels in more than last year. In Asia, potential losers include Korea Electric Power Co., Tokyo Electric Power Co. and India’s NTPC Ltd. In the U.S., companies such as Southern Co., American Electric Power Co. and Duke Energy Corp. could face pressure. Green Stocks Higher energy prices and efforts to cut carbon emissions are also flowing through into the share prices of renewable power and nuclear stocks. Bloomberg Intelligence’s Laurent Douillet sees large nuclear and hydro electricity companies as potential winners over those that rely on gas and coal. READ: China’s Energy Crunch Sends Coal Shares Up, Renewable Firms Down Key stocks to monitor are Europe’s Scatec ASA, Azelio AB and Orsted A/S, North America’s First Solar Inc. and SolarEdge Technologies Inc., and Asia’s LONGi Green Energy Co., Trina Solar Co., Sungrow Power Supply Co. and Adani Green Energy Ltd. “There hasn’t been a confluence of so many factors happening at the same time in energy and commodity markets since at least the 1980s," said Robert Ryan, chief commodity and energy strategist at BCA Research.
planit2: gwatson, agree with your post, I remember the SPR notice saying 10M barrels would be sold and thought some was September. Upon checking: "Of the 20 million barrels of crude oil awarded, 5.1 million will be sold from the SPR’s Bryan Mound site (near Freeport, TX), 6.1 million from the West Hackberry site (near Hackberry, LA), 0.75 million from the Bayou Choctaw site (near Baton Rouge, LA), and 8.05 million from the Big Hill site (near Winnie, TX). The SPR plans to schedule deliveries between October 1–December 15, 2021. " There was an obvious limit of 301p last buyback, you could see it in the share price and the RNS's afterwards. I also agree that there is a 320p price cap this time. The buybacks slowed as soon as we started going over 320p and then stopped completely when the price is over 320p for the whole day. Last time they were patient in waiting for the share price to drop back down. They didn't automatically increase the limit.
waldron: Jamie Ashcroft 13:53 Tue 28 Sep 2021 BP and Shell shares rise amid US$80 oil and UK energy crisis The UK and Europe are seeing a fuel squeeze meanwhile hurricanes and OPEC have impacted global prices. BP and Shell shares in favour as oil prices rise above US$80 BP PLC (LSE:BP.) and Royal Dutch Shell PLC (LSE:RDSB) shares were in favour on Tuesday as crude oil prices raced above US$80. Domestically, petrol is again among the themes of the day as people continue queuing at forecourts, and the exhortation not to panic buy seemingly falls on deaf ears. Worldwide, meanwhile, there are bigger picture economic factors at play – far beyond the post-Brexit availability of transport workers to deliver tankers from point a to point. Brent crude is pitched at a three-year high in the wake of Hurricane Ida, which damage key infrastructure in the Gulf of Mexico, and, the impacts of petro-politics at OPEC, plus the broader industry is somewhat hamstrung by the lower investments in recent years amidst low crude prices. City analysts at Barclays in a note point to the positives for companies like BP and Shell, which despite efforts and narratives towards renewable energies still generate huge revenues and profits from the sale of oil, gas and other petro-products. “The strengthening fundamentals that we have seen throughout 2021 are finally starting to be reflected in share price performance, and with 2022 already setting up to continue decade high FCF, we expect further outperformance,̶1; Barclays said. “Unusually we rate BP, Shell and Total Energies all ‘Overweight217; reflecting value across the sector.” Shell shares rose around 3% in London to trade at £16.43 whilst BP added 2.9% to 340.90p. In crude markets, Brent continued to climb as it was changing hands at around US$80.10 per barrel up 0.7% for the day. Similarly, the American benchmark West Texas Intermediate was 0.85% higher at around $76.09. Naeem Aslam, chief market analyst at AvaTrade, said: "Fears of an energy crisis in Europe are supporting oil prices. "The surge in gas prices has made oil a relatively cheaper substitute for power generation and hence its appeal has increased." It is not just Europe that is seeing energy problems: China is suffering power cuts after a fall in coal imports and actions taken to cut emissions. The jump in oil prices has helped lift Proactiveinvestors
marktime1231: The volume of shares being bought back on a daily basis has fallen below the steady $30M per day run rate, since the share price broke through 310p. Having talked through a general strategy I expect the mandate to the brokers already gives them discretion, indeed it probably obliges the board not to interfere in the day-to-day execution. The broker is now either struggling to find volume sellers who were only too happy to offload at 300p and 310p last week, and/or the share price has been rising faster than the broker's set daily target. Probably the latter, we know there are funds and trackers seeking to offload for green reasons. If the share price does drop again for whatever reason I suspect the broker will have a few extra busy days. If not the price it executes buying will have to keep rising because it still has the mandate to spend the remaining cash within the alloted time, and that will be a tailwind pushing the share price up even further. Yes, the buyback itself could actually drive the sp, which I am sure is not the intention and is why they are throttling back the daily volumes. Sorry in some ways, we will look back on these early buybacks as being terrific value, if and when the share price rises to its consensus value 350-360p. The fewer shares taken out of circulation the slower the dividend will progress, and as long term investors we are here for the income not the growth aren't we?
gwatson56: See that UK recently turns to coal as gas is that expensive. Russia playing a good hand re supplies to Europe (current storage of stock very low). Would not be surprised if Rosneft obtain permission to ship gas via Nordstream 2 as they have applied for permits to do so as Gasprom is the sole supplier....it would be helpful to Europe's supply rules... diversification of supply etc..... I have scouted around for prices for the house elec / gas and the best quotes are significantly higher than the deal I have.... lots of people will be paying a lot more assuming the energy prices stay high... Re share price; it looks to me that a large holder is reducing its stake in BP (probably RDS as well) given the current political environment re CO2. I look at the AGM voting and see a candidate. 3rd qtr results early Nov I anticipate should see this reducing as I am hopeful of a circa 2 Billion buyback announcement for the following qtr. With China and the US releasing Oil from strategic reserves I agree is a useful pointer to forward POO. Dividend payment soon so all in all a half decent yield and a share price that analysts on average note is 20% undervalued...
marktime1231: While BP wants to buy back so many shares I cannot get too upset by the share price in a rut, it is compounding the reward for long term income investors. The reward (on-paper) from a step up in the share price to reflect value will follow. The green lobby making so many shares available on the cheap is doing us a favour for now. Not sure if the share price will snap up when sellers run out of stock to sell, or BP gets an offer it can't refuse for its dirty assets, or slowly advance on sustained high commodity prices and green investors being persuaded that BP is in transition and proto-ethical. While global supply chains for goods and resources are constipated I can understand why tech companies providing scalable digital services are in demand. Much of what BP does should not be unduly harmed by clogged up container ports or lack of HGV drivers, and the elasticity in the price it can charge for oil and gas is 100%. I do wonder though why UK wholesale gas prices are soaring since natural gas remains an abundant resource, given we are piped in to the North Sea and have LNG injection points to receive supply from around the world. Can we just turn the pumps up a bit, who are the key producers ... oh, BP and Rosneft and ... or are we deliberately cashing in on the end-of-coal, or holding the green lobby to ransom until they agree natural gas is essential to the transition?
Bp share price data is direct from the London Stock Exchange
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