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Bp Share Price (BP.)

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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
  0.40 0.13% 314.90 11,316,859 13:28:09
Bid Price Offer Price High Price Low Price Open Price
314.80 314.90 318.10 314.30 318.05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 134,215.42 -18,203.56 -73.45 64,092
Last Trade Time Trade Type Trade Size Trade Price Currency
13:28:09 AT 450 314.90 GBX
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Bp (BP.) Latest News

Bp News

Date Time Source Headline
04/5/202117:59UKREGBP PLC Transaction in Own Shares
04/5/202116:29UKREGBP PLC Total Voting Rights
04/5/202115:45ALNCDIRECTOR DEALINGS: Filta Non-Exec Sayers sells GBP1.7 million worth
04/5/202112:20UKREGBP PLC Director/PDMR Shareholding
01/5/202105:29DJNAnna Catalano Is in the Room Where It Happens -- In Part Because Someone..
30/4/202117:42DJNOil Giants Recover as Prices Rebound -- Update
30/4/202117:25UKREGBP PLC Transaction in Own Shares
30/4/202116:29UKREGBP PLC Transaction in Own Shares
30/4/202114:23DJNBig Oil Companies Recover as Prices Rebound
29/4/202117:35UKREGBP PLC Transaction in Own Shares
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BP. is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 
 JPMORGAN CLAVERHOUSE INVESTMENT TRUST PLC 3.10% 2021-03-31

Bp (BP.) Discussions and Chat

Bp Forums and Chat

Date Time Title Posts
07/5/202109:11 BP95,315
06/5/202108:28BP. - Charts & News6,255
20/4/202116:06BP - heap of festering tosh........just won't go up!!??30
03/2/202110:06British Petroleum Plc (basic display)12
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

Trade Time Trade Price Trade Size Trade Value Trade Type
12:28:09314.904501,417.05AT
12:28:00314.851650.38AT
12:28:00314.851,4964,710.16AT
12:28:00314.85412.59AT
12:27:59314.801,2834,038.88AT
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Bp (BP.) Top Chat Posts

DateSubject
07/5/2021
09:20		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 314.50p.
Bp Plc has a 4 week average price of 289.80p and a 12 week average price of 254.75p.
The 1 year high share price is 376.15p 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 61,028,748 shares. The market capitalisation of Bp Plc is £64,061,134,887.98.
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06/5/2021
08:31		gwatson56: Did a little reading and below are some interesting statements from the Qtr 1 results , press briefing and the weekly trading conditions update. hTTps://www.bp.com/en/global/corporate/investors/results-and-reporting/trading-conditions-update.html hTTps://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/investors/bp-first-quarter-2021-results.pdf The Wall Street Journal (27/4/21) “We’ve got a pretty optimistic outlook on buybacks for the remainder of the year but we’re going to do it quarter by quarter,” said BP Chief Executive Bernard Looney. “Depending of course on [the oil] price, I think next year you can very easily imagine a world where our distributions to shareholders are at or above the pre-pandemic levels” Translated in my mind to 1.064B per quarter in Dividend’s and as per above expectation this financial year [reckon from qtr3] 1.064B per quarter on average for buybacks. Note that surplus cash flow @ 60% is after the cost of the $500M in qtr 1. Also note the assumption is the oil price (reckon circa av qtr2 $65 myself) and if Goldman Sachs are right at $80 third quarter then BP have stated for full year 2021 every $1 increase in POO ($50 is their stated expectation) is worth an extra $340M (annual), so that will be the “above” bit… The 2 notes quoted below were within the First Quarter 2021 results. “BP is introducing an intent going forward to offset dilution from vesting of awards under employee share schemes through buybacks. Surplus cash flow* is now defined after the cost of buying back these shares.” “In addition, bp remains committed to returning at least 60% of surplus cash flow to shareholders through share buybacks, subject to maintaining a strong investment grade credit rating.” Translated again from the qtr 1 results $1.7B surplus cash and note the $500M is deducted therefore I reckon the surplus cash war chest is some $1.2B which equates to $720M “60% for shareholders prudently carried forward to qtr2 (assuming no loss to cover).… Well that’s my reckoning…. Moving on I was also interested in the statement’s from the qtr 1 results . “During the first quarter, bp generated surplus cash flow of $1.7 billion after having reached its net debt target of $35billion. During the second quarter, cash flow is expected to be impacted by the $1.2 billion pre-tax annual Gulf of Mexico oil spill payment, further severance payments and a smaller improvement in realized refining margins relative to the quarter to date rise in our RMM*. As a result of these factors we expect a cash flow deficit in the second quarter.” “In the second half of the year bp expects to generate surplus cash flow above an oil price of around $45 per barrel with an RMM of around $13 per barrel and Henry Hub of $3 per mmBtu.” What we need to note is that BP is explicit in stating that qtr2 to qtr4 2021 it uses $50 for Brent. We know that for every $1 over $50 BP generates a additional $340M (annual). RMM and Henry Hub I reckon will be cash neutral qtr2 …so it is a case of doing the maths and you can see why BL is so upbeat.. FWIW I expect BP to again surprise on the upside qtr2 and double the buyback in qtr3. BL reminds me of the smart people at work who greatly under promise and then over deliver ..All in all seems like to me that the share price will be heading north assuming the POO does not tank… imo….
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30/4/2021
18:09		waldron: Oil Giants Recover as Prices Rebound -- Update 04/30/2021 | 03:27pm BST By Christopher M. Matthews Big oil companies returned to profitability during the first quarter as they recovered from the unprecedented destruction of oil and gas demand wrought by the coronavirus pandemic. Exxon Mobil Corp. reported $2.7 billion in net income Friday, its first quarterly profit since the pandemic erupted last spring, while Chevron Corp. reported $1.4 billion in first-quarter profit. The results were boosted by rising oil prices during the first months of 2021, as countries around the world soften coronavirus quarantines. The largest European oil companies, BP PLC, Royal Dutch Shell PLC and Total SE, all reported profits earlier in the week after enduring huge losses last year. "That recovery, which we had anticipated happening at some point in time, is happening sooner than we anticipated," Exxon Chief Executive Darren Woods said in an interview Friday. "As economies are reopening and rebounding quicker, in some places, than expected, we are seeing a demand response." Oil companies endured one of their worst years on record in 2020, as Covid-19 lockdowns choked off demand for oil and gas as road and air traffic fell precipitously. Exxon reported its first annual loss in modern history in 2020 of about $22 billion. But cautious optimism has been mounting that global economic activity could return to pre-pandemic levels later this year as vaccines become more widely available around the world. Chevron Chief Financial Officer Pierre Breber said that demand for gasoline and diesel was nearly back to pre-pandemic levels, and that jet fuel is the last remaining overhang, with strong signs that domestic air travel in the U.S. is picking up. "As we look forward, the next couple of quarters look very good," Mr. Breber said in an interview. "We feel good about our ability to generate cash." Chevron's net income was down about 62% from the same quarter last year, but was a substantial increase from a $665 million loss in the previous quarter. Exxon's $2.7 billion profit compared with a $610 million loss a year ago. BP's profit more than tripled from the previous quarter to nearly $4.7 billion, and Shell reported a profit of almost $5.7 billion. Share prices for the world's largest energy companies have moved in tandem with oil prices that have rebounded markedly in recent months. U.S. oil prices are up nearly 80% over the past six months, while the shares of Exxon, Chevron, BP and Shell are collectively up about 65%. On Thursday, U.S. oil prices neared a six-week high of about $65 a barrel but fell around 2.5% in early trading Friday as traders eyed a build in crude and gasoline stockpiles. The share prices of Exxon, Chevron, BP and Shell were collectively down nearly 2% in early trading Friday. The optimism about oil and gas demand rebounding is being tempered by concerns about rapidly rising Covid-19 case numbers in India and South America, said Bjornar Tonhaugen, an analyst at Rystad Energy. Reduced economic activity in India alone may sap as much as 900,000 barrels of oil a day from global demand, according to Rystad. "For the moment optimism is helping prices, but every trader's eyes are on India," Mr. Tonhaugen said. "The oil bulls are out again but it's doubtful that they are having a confident and calm sleep." In response to growing profits, Chevron, BP and Shell boosted their payouts to investors. On Wednesday, Chevron increased its quarterly dividend by 4%, while Shell also raised its dividend 4%, the second increase since slashing it last year. BP said it would buy back $500 million of shares. Total and Exxon held their dividends flat. The weeklong freeze in Texas that left millions without power in February affected profits for many of the companies, which both produce oil in the state and own plants there to convert the hydrocarbons into fuels and plastics. Chevron's refining and chemical units reported $5 million in profits, down from $1.1 billion a year ago, which Chevron CEO Mike Wirth attributed to the February storm and continuing impact of the pandemic. In total, the storm cut about $300 million from its profit, Chevron said. Exxon said the extreme weather reduced earnings by nearly $600 million. Meanwhile, analysts attributed the strong performance of BP's trading unit to its ability to capitalize on substantial price fluctuations during the storm. Despite the improving conditions, Chevron has pledged to keep capital expenditures austere. Mr. Wirth said capital spending decreased 43% from last year during the quarter, citing its corporate restructuring last year that saw as much as 15% of its workforce laid off. Exxon also has pledged fiscal restraint, saying its plan to cut annual capital spending by about 30% remains unchanged. Some investors are deeply skeptical of the industry notwithstanding climbing commodity prices, according to Paul Sankey, an independent oil and gas analyst. Most of the companies' share prices are still trading below their pre-pandemic levels as investors evaluate the firms' plans to navigate tightening global regulations on carbon emissions. Earlier this month, President Biden pledged to cut U.S. emissions by about 50% from 2005 levels by 2030, targeting greenhouse gases from power plants, buildings and the transportation sector. Mr. Woods said Friday that Exxon is engaging with officials on climate policy and has urged the government to set a price on carbon, which it says would spur investment in carbon-reducing technologies. Mr. Sankey said the industry delivered poor results for years from their core oil business before the pandemic, leaving some to doubt they can reap profits from renewable energy or technologies to reduce carbon emissions, which some of the companies have promised to do. "Their track record is not good enough for them to get into a new theme, because they did so poorly on the old one," Mr. Sankey said. Write to Christopher M. Matthews at christopher.matthews@wsj.com (END) Dow Jones Newswires
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29/4/2021
10:19		planit2: When a company offers shares to it's employees it is a sunk cost and will show in the accounts. They then need to get the shares from somewhere, they can either use shares they hold in treasury or if they have none they will have to issue new shares. The new share issuance will result in a dilution in EPS. If they borrow money to buy the shares they need on the open market then debt rises (but share scheme liabilities will fall) and the EPS does not change. The point is the share scheme is accounted for when the bonus shares are entitled to. Regarding the North Sea post, I agree that this buyback shouldn't affect the share price too much as it is low. I prefer this than new share issuance because I don't want my EPS diluted. But this is only the start of a much bigger share buyback scheme, in the call GS asks a question which implies 20% of all shares will be bought back by 2025. This will increase EPS by 25% (and therefore shareprice) on it's own. I wish it was clearer when the next stage of the buyback will start, it could be after the next qtr earnings but perhaps only if BP manage to overcome the cash flow deficit they are expecting. We will just have to wait and see but this uncertainty is clearly affecting sentiment.
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28/4/2021
16:27		north sea boy: Not sure if I have this correct, but as I understand it, the 500 million buy back is $500 million cash - this equates to circa £360 million Stg. At current prices that will buy approx 119 million shares over an 8 week period. As average volume are around 60m shares traded per day, I don't actually think this is a BIG buyback, AND, as they are being handed back out to employees share schemes, the number of shares in circulation will not actually decrease, and therefore the share price will not increase directly through the buyback? In theory, the direct outcome of the buyback activity (for this quarter) should simply be to avoid further dilution through the issue of "free" shares, and therefore avoid further erosion of current share price. If the share price happily rises during the buyback activity period, then this will either be a happy coincidence, or market reflection of future anticipated fundamentals. Of course, any further buybacks in H2 should in theory allow the shares bought back to be cancelled, and hence increase the net per share value. Not trying to rain on the parade, as I am a longtime (and overweight long) holder, and I think these were an excellent set of results for this quarter. Does anyone have a differing viewpoint on this. Best wishes NSB. (Sorry for duplication with other BP thread, but meant to post this here)
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28/4/2021
16:17		north sea boy: Not sure if I have this correct, but as I understand it, the 500 million buy back is $500 million cash - this equates to circa £360 million Stg. At current prices that will buy approx 119 million shares over an 8 week period. As average volume are around 60m shares traded per day, I don't actually think this is a BIG buyback, AND, as they are being handed back out to employees share schemes, the number of shares in circulation will not actually decrease, and therefore the share price will not increase directly through the buyback? In theory, the direct outcome of the buyback activity (for this quarter) should simply be to avoid further dilution through the issue of "free" shares, and therefore avoid further erosion of current share price. If the share price happily rises during the buyback activity period, then this will either be a happy coincidence, or market reflection of future anticipated fundamentals. Of course, any further buybacks in H2 should in theory allow the shares bought back to be cancelled, and hence increase the net per share value. Not trying to rain on the parade, as I am a longtime (and overweight long) holder, and I think these were an excellent set of results for this quarter. Does anyone have a differing viewpoint on this. Best wishes NSB.
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28/4/2021
13:04		richvandam: What is the basis of this claim? Everything looks fine on the accounts sheets, the previous quarter issued a profits warning for Q1 this year, this never transpired to be an issue. The 500million buyback began today in small lots and will expire in June, share price should increase in theory. 500million buys is a lot to counter. BP are under pressure from institutions to get the share price back upto the previous levels as they have large pooled holdings at significant losses. This is the route they have chosen to get the share price back to those levels, with the further intent to restore the previous dividend levels once an acceptable dividend yield is established.
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27/4/2021
16:46		eurofox: oldfellowme1, easy, one lot pile in (foolishly at the start, without 2 pennies to rub together and thus on very tight stop-loss settings) and the other lot (smart traders) sell to create downward momentum because of those stop-losses being triggered as soon as the share price looks spikey, which creates a domino downward trend all day and close at lower prices at the end of the day. it might even be rinse and repeat several times during the day. The fools lose money and the smart ones make some money, but because the judgement of the smarter traders is not perfect, net money is taken out of the share during the day leaving the net share price at the end of the day lower. Institutional players just stand by and wait for all the silliness to pass and do their business at a much slower rate as lots of small transactions broken up over time.
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27/4/2021
12:32		richvandam: “....and the cost of share buybacks to offset the dilution from vesting of awards under employee share schemes.” Notes to resolution 11 Special resolution: share buyback General explanation Share buybacks are a way of returning cash to shareholders. Shareholders are asked at each annual general meeting for authority to carry out share buybacks, in order that the company may do so when the directors believe it is in the best interests of shareholders. Shares that are purchased by the company must either be cancelled or held in treasury. Once shares are held in treasury, the directors may only dispose of them in accordance with the relevant legislation by: a. sellingtheshares(oranyofthem)forcash; b. transferring the shares (or any of them) for the purposes of, or pursuant to, an employee share scheme; or c. cancellingtheshares(oranyofthem). Recent buyback activity The company bought back and cancelled 120,057,464 shares in 2020, at a cost of $776,173,932 (including transaction costs), representing 0.59% of bp’s issued share capital, excluding shares held in treasury, on 31 December 2020. The company operated share buyback and cancellation in order to reduce the issued share capital of the company. Information about resolution 11 Authority is sought in resolution 11 to purchase up to 10% of the issued ordinary share capital of the company (excluding treasury shares), continuing the authority granted by shareholders at previous annual general meetings. Resolution 11 specifies the maximum number of shares that may be purchased and the minimum and maximum prices at which they may be bought. For information, as at 25 February 2021, there were options outstanding over 36,697,554 ordinary shares, representing 0.18% of the company’s issued ordinary share capital (excluding treasury shares). If the authority given by resolution 11 were to be fully used, in addition to the authority that currently exists, these would then represent 0.20% of the company’s issued ordinary share capital (excluding treasury shares). The company has no warrants in issue in relation to its shares. The authority will expire at the conclusion of the annual general meeting in 2022 or on 12 August 2022, whichever is the earlier. Intentions concerning resolution 11 The directors will exercise the authority conferred pursuant to resolution 11 only when to do so would be in the best interests of shareholders generally. It is the board’s current intention that any shares repurchased under this authority will be held in treasury, to meet the requirements, as they arise, of the company’s share incentive arrangements, or for such other purpose as may be permitted from time to time.
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26/4/2021
19:51		counterpartymw: I think the numbers will have to be extremely good for any significant share price upside tomorrow. My guess is it will most likely be flat or slightly down. The reason is because anyone who was going to buy in the short term, will have already bought based on Looneys 'strong performance' update earlier in the month. Rather than wait until tomorrow when the share price could be £3.10+. Markets seldom give away easy money whereby the CEO says the update will be good, so everyone buys, then a few weeks later, the price rockets when it's confirmed that it is good. It's never that easy!
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21/4/2021
19:38		planit2: @gwatson I also worked on this and couldn't quite believe the maths either. If you look at what the company was promising in the presentation and then adjust it for the recent update then the share price deserves to be much higher. It's a shame that they will be announcing the numbers before they need to buy the shares as the buybacks might be at much higher prices. If the share price jumps straight up to 400p I will not be complaining though LOL
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