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BP. Bp Plc

454.50
1.00 (0.22%)
26 Jul 2024 - 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
  1.00 0.22% 454.50 19,286,793 16:35:26
Bid Price Offer Price High Price Low Price Open Price
454.55 454.65 460.00 453.95 457.35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining USD 211.6B USD 15.24B USD 0.9219 4.93 74.96B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:58:43 O 686,448 404.74 GBX

Bp (BP.) Latest News (5)

Bp (BP.) Discussions and Chat

Bp Forums and Chat

Date Time Title Posts
27/7/202405:52 BP99,565
22/7/202419:06BP. - Charts & News11,491
12/4/202411:57BP to benefit from oil price boom?425
17/12/202316:30BP - heap of festering tosh........just won't go up!!??32
01/9/202321:17British Petroleum Plc (basic display)14

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Bp (BP.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 17:58:45404.74686,4482,778,329.64O
2024-07-26 17:57:48440.82618,6602,727,177.01O
2024-07-26 15:49:14454.50247,2141,123,587.63O
2024-07-26 15:49:14454.501254.54O
2024-07-26 15:43:23521.34328,3451,711,793.82O

Bp (BP.) Top Chat Posts

Top Posts
Posted at 26/7/2024 11:47 by redbaron10
Sold some Natwest today to top up here.Hope that was sensible but this looks cheap in the dog days of summer.Management have tweaked their green agenda strategy for the better as a shareholder here,the BBs continue theoretically giving support to the share price and at these levels i can see another takeover approach in the offing.The strong dollar isn't great for commodities but i can see the dollar weakening as interest rate cuts start which should help poo.Refinery costs in Germany certainly put a dampener on the last results but the share price has to be good value at these levels imho.Time will tell.
Posted at 13/7/2024 10:52 by abc_001
What is the effect when a company needs to buy a load of shares to fill employee options reaching the vesting date?1. The company needs to buy shares increasing the share price2. The company has to spend money reducing assets on the BS3. It issues new shares to fill the options, increasing the nbr of shares in circulation and reducing the per share price
Posted at 05/7/2024 15:16 by hjs
imo, Labour party will need to raise monies to fulfill its manifesto promises and one on sector it will hit hard is Oil. This sector is an easy target to implement windfall tax which will impact BP badly. I am surprised share price has not gone down that much. Wait and see if this materialises soon... sooner or later it will drop to 460
Posted at 01/7/2024 20:34 by younasm
Oil prices up by $2 tonight ; should add 10p to BP share price.
Posted at 29/6/2024 06:58 by abc_001
Alternatively, the macro environment supports a higher share price, the support level around 460, tested 4 times in the last 3 years continues to hold and the strategy changes to do more oil and gas gets priced in and the cost cutting strategy bears fruit. I think these things will drive the price more than some vague analysis of institutional buying/selling.It's not like some small cap where a holder is offloading his 50% of the shares
Posted at 26/6/2024 16:55 by institutional investments
abc_001 - 24 Jun 2024 - 18:58:42 - 10827 of 10927 BP. - Charts & News - BP.
Where is Institutional Investor? He was so sure the price was on the way below 400. (Src: post 99466)

Where can he be?

,,,,,,,,,,,,,

Did you enjoy the timing of the return?
Posted at 18/6/2024 13:57 by philanderer
BP tipped to see growth from US shale business


BP PLC's (LSE:BP.) American shale business will be a large part of the group’s growth over the remainder of the decade, analysts at RBC today highlighted in a note.

RBC, which rates BP at ‘outperform217;, believes that the oil majors investment plans are shifting away from ‘transition growth engines’ (effectively a pseudonym for ‘net zero’ projects) in favour of upstream business, albeit, RBC notes that this has yet to be formalised as a strategy by BP.

The firm’s US shale business unit, known as BPX, operates across three basins: Permian, Eagleford, and Haynesville, with current production of approximately 425,000 barrels of oil equivalent per day (kboed), 80% of which consists of gas and natural gas liquids (NGLs).

By RBC’s numbers, BPX's earnings (EBITDA) are projected to reach around $4 billion by 2025, which, on a 5x multiple suggests, an enterprise value of $20 billion for the subsidiary.

BPX is pencilled in to invest some $2.5 billion a year between 2023 and 2030, with most of the funds expected to go on drilling and well completions within its existing footprint.

“From our meetings BPX, it is clear that it would like to grow, but is cognizant of BP’s wider commitments to the market,” RBC analyst Biraj Borkhataria said in the note.

“With significant consolidation ongoing in US shale, this is a challenge, as BPX effectively has no acquisition currency, and is cash-constrained, with a relatively small position in the Permian (75k net acres).

“That said, BPX noted that growth plans to 2030 are underpinned by its current acreage, and although it would need to “re-load”; oil inventory at some point, it was not a near-term concern.”

More broadly, commenting on the BP business as a whole, the analyst added: “BP screens with an elevated free cash flow (FCF) yield vs peers (14% in 2025e vs the sector average 10%), and even after adjusting for hybrids & other liabilities, we see a positive risk-reward.”

RBC has a 650p price target for BP, suggesting some 40% upside to the current price of 462.9p.

PROACTIVEINVESTORS.CO.UK
Posted at 17/6/2024 19:33 by younasm
These threads are messed up now ... I am not seeing any useful input :-(Oil price needs to go up another $1 to hit one month high - this should help oilers share price.Longer term, markets are waiting for rate cuts to pick up pace - that's very unlikely this year.
Posted at 29/5/2024 12:20 by ming da merciless
Doubt you will be seeing income investors hanging around at this share price level really. particularly when a nuts price just to capital gains players.
Posted at 28/5/2024 19:22 by younasm
A little recovery in oil price - it should keep the share price in the 480-500p range.Euro interest rate cut is expected next Thursday, 6th June.
Bp share price data is direct from the London Stock Exchange

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