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
  7.95 2.57% 316.75 51,134,215 16:35:17
Bid Price Offer Price High Price Low Price Open Price
316.30 316.45 319.70 313.15 313.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 134,215.42 -18,203.56 -73.45 64,468
Last Trade Time Trade Type Trade Size Trade Price Currency
17:43:53 O 72,100 317.667 GBX

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Date Time Title Posts
23/9/202105:25 BP96,394
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20/4/202116:06BP - heap of festering tosh........just won't go up!!??30
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15/11/202008:21Deutsche Bank AG Analysts Give BP plc (BP) a GBX 515 Price Target5

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Bp (BP.) Most Recent Trades

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2021-09-22 16:50:52317.6772,100229,037.91O
2021-09-22 16:50:52316.82366,8581,162,283.18O
2021-09-22 16:50:52314.98504,3651,588,653.92O
2021-09-22 16:50:52316.417,72224,433.18O
2021-09-22 16:50:49317.26206,421654,880.94O
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Bp (BP.) Top Chat Posts

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 308.80p.
Bp Plc has a 4 week average price of 291.30p and a 12 week average price of 275.85p.
The 1 year high share price is 336.95p 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 62,743,195 shares. The market capitalisation of Bp Plc is £64,468,195,316.18.
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?
planit2: Great post Mark @veryniceperson - see Marks reply above @pughman - I was just demonstrating how the maths work to point out buybacks have an effect (either the share price goes up or the share ends up more undervalued). But if the buybacks were at £2 then the gain would be amplified as the company would have bought 50% extra shares back. I suppose the point is assuming the shares are undervalued (why are investors on this thread otherwise*) then the buybacks expedite the price discovery. Regarding investment, all the oil companies are being forced down this route. I strongly feel that these assets will be changing hands at much higher prices in 5 years time (limited assets and energy cost trebled so higher profits). This means there is an advantage of investing early and on your own agenda rather than being forced by a court. This is why I am with BP. The way CO2 emissions are measured will be affecting the strategy too. Why sell 200k tonnes of CO2 worth of oil to a wholesaler when you could sell it to the consumer at a higher value. They have ditched production that produces low profit but high Carbon output. BP has invested in energy sales to the consumer in US focusing on Green Energy. If they can get a reputation for ESG and Green then the share will be valued upwards too. In my crystal ball I see a base of $70 on oil as OPEC+ need that and are willing to reduce output to obtain that value. There is no huge supply from anywhere else available, in fact ESG is fast shutting down new potential sources that could help. Oil in next 12 months average $80-$100. Oil average over the following 4 years $120. There will be a squeeze with really high prices and a crash with bad recession and low prices (lower than the $70 base). * SpaceCake and others are here for climate agenda purposes :)
cocopah: Nissan300 The buybacks are in full swing although I would like to see more of the shares bought when the share price is lower. The theory is that with less shares in circulation as owners we get value as the price of the shares will increase. Whilst the theory is plausible there are many reasons this doesn’t often happen in practice. For example the market may believe that BP is not such a good bet in the short-term as it goes through the expensive transition from oil to other income streams. I am happy that the dividend increase is being pursued earlier than originally planned although it’s small potatoes in terms of the percentage increase per annum. IMHO it is unlikely that we will see a sustained share price in the £3.00-£3.50 range until the global market really opens up again and of course at the same time this assumes that the oil producing countries stick to their guns on pricing. Time will tell but every month we have a oil at over $60 a barrel is at least some comfort. 🤞🏻
marktime1231: For a fourth quarter in a row Alex Hamer of Investors' Chronicle ( still / just ) has declared BP a Sell even after digesting the Q2 results, which he noted beat consensus forecast by 30%. He notes the FY consensus forecast is now an eps of 47c, but without saying the oil price that is based on. He doesn't say what he thinks the share price should be, nor does he report the consensus which keeps being upgraded and is 350p or so. He gives two reasons why he continues to repeat Sell on BP, as he does on other big oil. In the case of BP one reason is because Q2 capex on low carbon ventures was just $42M. The other reason is because BP share price is down 41% over the last two years compared to the FTSE roughly flat, which he implies is a better indication of the long term picture. Well doesn't that make BP a screaming Buy, the shares are so cheap. Previous reasons for saying BP was a Sell, including last October when the share price was just 190p, were that debt was too high and unlikely to be paid down any time soon, and that there was no prospect of an improving dividend in the forseeable. His real reason seems to be that BP is an oil company and he clearly hates oil companies. It is an emotional response rather than analysis. He does not dwell on the reality ... that the debt target was smashed, terrific cost savings, that the dividend is now rising. No mention that there is a huge buyback underway, no credit for the divestments of fosdil fuel operations nor that some notable investments in renewables have been made or committed to. I share his point that oil prices and the FTSE100 have recovered in the last two years while BPs share price is not fully back. The reason is simple, the dividends were halved. And the penny has dropped with long term investors that oil has a finite future. If the emotional response is right, that BP will be under valued until it can claim to be truly green, we are in for a frustrating few years. But, if you believe that BP will get there and make shed loads of cash in the meantime, that makes BP a long term hold/accumulate while the stock is still so cheap and comes with a 5% yield. The only reasons to sell BP would be if you think demand and oil price will crash or if you think BP will not successfully transition in to a big green energy company. My conviction is that Hamer is continuing to get this completely the wrong way round, and he will stubbornly refuse to change his view whatever happens. In the tradition of hopeless IC forecasts we can confidently take his Sell to mean Buy.
marktime1231: Absolutely agree the earlier they do the buyback the better, not only because it saves on dividends but because the share price is still so cheap under 310p. If things like covid, oil price, ESG hold the price back for now we will enjoy a bigger benefit. Do you get the feeling there are institutions who over-bought the covid dip or are under ESG pressures who are happy to offload at this level, behaving very much like there is quite a volume to clear. Off to a flying start. We have got everything on our wish list including dividend progression much sooner than expected, so I don't understand the few glum comments. It is all good and the reward in the share price is on its way we can be confident of that. By all means trade cycles if you need to in the meantime, but BP is looking a strong long-term buy-and-hold so adding on the dips and keeping them surely the best way forward. Why look for an offload price at all, unless or until BP is trading at what would be a premium to full value and that is miles ahead. Feeling very please with my add in the low 280's last month and if that opportunity comes round again I will be confidently adding more.
planit2: @mark I didn't do the workings, it is nice to see that the purchase rate is a good percentage of share turnover. The last buyback they were only buying up to 310 but it did support the price under this level. I feel the biggest negative for the share price is huge amounts of funds selling out as BP is not ESG. The feeling on ESG has changed in the last 10 months. The price of BP is linked to Shell and to a lesser extent the other oil companies. Last time there was only BP doing $500m of buybacks so this money dragged up all the companies to differing extents with a very small overall effect. But this time BP on it's own is $1.4bn and lots of the others are buying back too. I am sure this will have a positive effect on the share prices and once the funds are not net sellers in the background we could have a nice rally. (against this we have a lot of investors who have done well in the last year and they will be banking profits all the way up). I am hoping for a move higher, we will have to see. In any case the more shares they can buy back at current levels the better.
marktime1231: Well well well. So yes actually the buybacks do affect the share price. The buyback is enabling the dividend-per-share to progress by 4% pa, by reducing shares in issue by roughly that amount. The gross dividend is not being increased, sustainability is still the no 1 priority. I suspect the prospect of progression is what is driving up the share price this morning. But yes, it does prove everyone's point, the dividend is what drives the share price more than anything else. Interesting to note ... - the outlook is based on $60 oil while averaging over $70 so far in Q3 - the outlook is based on $3 gas and HH is around $4 at the moment - production is set to increase (is already increasing at Rosneft) - outlook assumes demand ahead of supply - net debt has continued to reduce and disposal proceeeds are still coming in - more divestments ahead, the surplus surplus to further debt reduction? - or funds to accelerate investment and developments? - a $2B surplus in the pension scheme (an opportunity to derisk) - looking to replicate with M&S its US convenience retail model - cost savings cf 2019 sound impressive Some disappointments ... - output falling by 10% pa and production costs up by 20% - a poorer quarter from the mysterious gas marketing and trading activity - some pretty large adjustments and provisions - restoring asset values gives BP a tax bill to pay - the renewables pipeline is rocketing, their operational contribution is not - not much progress with EVs, charging networks, novel ventures, all early days And as someone rightly pointed out, price assumptions could be vulnerable a lot still hinges on OPEC+ and orderly markets, but it feels like we are absorbing the risks posed by Delta and a renewed wave of covid, keeping calm and carrying on
waldron: cnbc Oil giant BP ups dividend and confirms share buybacks as it posts better-than-expected quarterly profit Published Tue, Aug 3 20212:08 AM EDTUpdated 30 Min Ago Sam Meredith @smeredith19 LONDON — Oil and gas giant BP beat second-quarter earnings expectations on Tuesday, while expanding its dividend and share buyback program. The U.K.-based energy major said it will buy back $1.4 billion of its own shares in the third quarter on the back of a $2.4 billion cash surplus accrued in the first half of the year. It also increased its dividend by 4% to 5.46 cents per share, having halved it to 5.25 cents per share in the second quarter of 2020. It also anticipates buybacks of around $1 billion per quarter and an annual dividend increase of 4% through 2025, based on an estimated average oil price of $60 per barrel. The energy major posted full-year underlying replacement cost profit, used as a proxy for net profit, of $2.8 billion. That compared with a loss of $6.7 billion over the same period a year earlier and $2.6 billion net profit for the first quarter of 2021. Analysts polled by Refinitiv had expected second-quarter net profit of $2.06 billion. “This shows we continue to perform while transforming BP — generating value for our shareholders today while we transition the company for the future,” CEO Bernard Looney said in the earnings statement. The results reflect a broader trend across the oil and gas industry as energy majors seek to reassure investors they have gained a more stable footing amid the ongoing coronavirus pandemic. The British-Dutch multinational Royal Dutch Shell, France’s TotalEnergies and Norway’s Equinor all announced share buyback schemes last week. Share prices of the world’s largest oil and gas majors are not yet reflecting the improvement in earnings, however, and the industry still faces a host of uncertainties and challenges. Shares of BP are up almost 15% year-to-date, having collapsed roughly 47% in 2020. Operating cash flow sat at $5.4 billion at the end of the second quarter, which includes the annual payment of around $1.2 billion the company makes for the Gulf of Mexico oil spill in 2010. Meanwhile net debt fell to $32.7 billion from $33.3 billion in the first quarter, marking the fifth consecutive quarter of decreased debt from the $51 billion seen in the first quarter of 2020. A year out from the announcement of its strategic overhaul, announced in August 2020, the company highlighted that it had built a 21 gigawatt renewable energy pipeline and brought eight major oil and gas projects online. Stronger commodity prices BP’s financial results come after a period of stronger commodity prices. International benchmark Brent crude futures rose to an average of $69 a barrel in the second quarter, up from an average of $61 in the first three months of the year. Oil prices have rebounded to reach multi-year highs in recent months and all three of the world’s main forecasting agencies — OPEC, the International Energy Agency and the U.S. Energy Information Administration — now expect a demand-led recovery to pick up speed in the second half of the year. It comes after a 12 month period which BP has described as “a year like no other” for global energy markets. In its benchmark Statistical Review of World Energy, published on July 8, BP said that over the past seven decades the company had borne witness to some of the most dramatic episodes in the history of the global energy system. These crises included the Suez Canal crisis in 1956, the oil embargo of 1973, the Iranian Revolution in 1979 and the Fukushima disaster in 2011. “All moments of great turmoil in global energy,” Spencer Dale, chief economist at BP, said in the report. “But all pale in comparison to the events of last year.” The ongoing Covid-19 crisis triggered a historic oil demand shock in 2020, with Big Oil companies enduring a brutal 12 months by virtually every measure. The pandemic coincided with falling commodity prices, evaporating profits, unprecedented write-downs and tens of thousands of job cuts. Analysts told CNBC ahead of the latest batch of second-quarter earnings that while energy companies were likely to try to claim a clean bill of health, investors were expected to harbor a “tremendous degree” of skepticism about the long-term business models of oil and gas firms. This was predominantly a result of the deepening climate emergency and the urgent need to pivot away from fossil fuels.
cobourg1: from FX Street You would think that with oil prices up near three-year highs that BP’s share price would have risen along with it, and while it is up in the year, it’s below the level it was at its Q1 update. This seems strange given that its outlook for a cashflow surplus is based on an oil price of $45 a barrel. Its Q1 numbers were also very positive, meeting its debt reduction target ahead of schedule and thus retiring it. In terms of profits BP reported underlying replacement cost profit of $2.6bn, its best performance since 2019, compared to $100m in Q4, driven by higher energy prices, as well as better refining margins. The company also said it was looking to resume buybacks, and that with gasoline and distillate demand in Q2 set to pick up further as economies reopen, the outlook was set to brighten further. Having seen $1.7bn of positive cash flow in Q1, BP did say that cash flow in Q2 would be impacted by its annual $1.2bn Gulf of Mexico oil spill payment, and that as a result was likely to see a deficit for this quarter, however that isn’t likely to explain the weakness. It could be that shareholders aren’t convinced that the plans for a 40% reduction in oil and gas production is achievable without hammering margins. The transition towards green energy is also likely to be expensive, and while a noble goal it also needs to be done within the practicalities of its cashflow. Having invested into wind power leases in the Irish Sea it is clear what the direction of travel is, while Lightsource is also delivering on its projects. For now, the performance of the share price would appear to suggest that the jury remains out on whether BP will be able to pull off its ambitious plans, though an oil price up towards $70 a barrel and a pickup in demand for gasoline and distillates will no doubt help as far as this quarter is concerned.
Bp share price data is direct from the London Stock Exchange
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