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BP. Bp Plc

382.70
3.45 (0.91%)
15 Nov 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
  3.45 0.91% 382.70 31,327,066 16:35:04
Bid Price Offer Price High Price Low Price Open Price
382.65 382.75 386.00 377.35 377.35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining USD 211.6B USD 15.24B USD 0.9368 4.09 61.7B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:47:01 O 1 382.70 GBX

Bp (BP.) Latest News (4)

Bp (BP.) Discussions and Chat

Bp Forums and Chat

Date Time Title Posts
15/11/202416:54BP. - Charts & News13,595
14/11/202414:35 BP100,241
19/9/202418:32BP to benefit from oil price boom?429
17/12/202316:30BP - heap of festering tosh........just won't go up!!??32
01/9/202320:17British Petroleum Plc (basic display)14

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Bp (BP.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:30:49382.7013.83O
17:23:35383.551038.36O
17:15:09383.6527.67O
17:15:06383.6527.67O
17:11:42384.2527.69O

Bp (BP.) Top Chat Posts

Top Posts
Posted at 13/11/2024 05:07 by hellscream
is this the longest downturn we ever had in the share price? cant remember in the last 13 years ever being this bad.
Posted at 11/11/2024 16:34 by veryniceperson
With shareholders buyback 4.5 million a day, dwindling share price, this company is getting cheaper by the day. There could be a bigger fish just around the corner?Just my thoughts and others, I bet!
Posted at 08/11/2024 12:48 by syoung82
I think it's maybe time for the bulls on here to accept this share price never gets back to the £5 range. We are drowning in oil like never before. There will never be another shortage. What the price is just now is the top end range this will definitely be in the low £3 range in the next few months and trade at that for years to come
Posted at 07/11/2024 10:01 by gibbs1
Will the BP share price go gangbusters under President Trump?

The BP share price has had a rough ride lately and Harvey Jones says the FTSE 100 oil giant looks irresistibly cheap. But what is Donald Trump going to do?

Posted by
@HarveyJ49631067
Harvey Jones ❯

Published 7 November, 9:45 am GMT

The Motley Fool’s Premium Investing Services.

After slumping 21.36% in a year, the BP (LSE: BP) share price needs a kick up the backside. Is incoming US President Donald Trump the man to deliver it?

During the election, Trump made it clear he would green light more domestic drilling on day one of his presidency.

Most observers expect him to shove net zero ambitions aside, axe funding for renewables, and drill, drill, drill for fossil fuels. Trump may be unpredictable, but I think we can bank on him doing just that. US voters love lower fuel prices.




So why didn’t BP shares take off like a rocket yesterday? Plenty of FTSE 100 stocks with exposure to the US did just that.

Rental equipment specialist Ashtead Group, which generates almost 90% of its revenues from the US, jumped 5.56%, as investors anticipate cuts to tax and red tape. Defence specialist BAE Systems climbed 4.92% with Trump demanding Europe beefs up its armies.

By contrast, BP edged up just 0.36%, despite generating 29% of its revenues from the States. Rival Shell fell 0.61%. Presumably, that’s because if Trump does drill, drill, drill, it could trigger a fresh supply spike that will drive down prices.

On 4 November (with the US election apparently on a knife edge), the World Bank predicted significant oversupply, with oil prices potentially falling below $60 a barrel in the next few years. Next year, it predicted that “global oil supply is expected to exceed demand by an average of 1.2m barrels per day”. We’ve only seen that twice before, in 1998 and 2020.

The World Bank pinned this flatlining on China, rising electric vehicle (EV) sales, increasing use of trucks powered by liquefied natural gas, and rising production within OPEC+ and without. Experts at Axios added: “This new reality might keep a lid on consumer energy prices even as geopolitical strife intensifies. It could also wreak havoc on the longstanding economics that underpin oil production”.


This oil giant looks brilliant value

BP can breakeven at roughly $40 a barrel, so it’s hardly terminal. But profits, dividends and share buybacks may come under pressure.

Second-guessing oil price movements’s a mug’s game. For years, experts were warning we’d run out of the black stuff, and then the US discovered shale. Next, experts predicted the green transition would wipe out fossil fuel demand. That hasn’t happened either. Yet.

BP’s also at a disadvantage to its US rivals. The new Labour government has just slapped a fresh wave of windfall taxes on UK oil producers. Trump’s set to do the opposite, with plans to slash corporate tax to 15% in a huge boost for US rivals such as Exxon Mobil, Chevron and ConocoPhillips.

I bought BP shares recently and have no intention of selling. I want exposure to energy prices for diversification purposes at least. Also, the stock’s ridiculously cheap, trading it just 5.67 times earnings. And the trailing yield is a blockbuster 5.91%. I still think this will be a great long-term buy-and-hold proposition.

I’m keen to buy more BP shares and will take advantage of further dips. Commodity stocks are cyclical. It’s best to buy when they’re down, but with a long-term view.
5 stocks for trying to build wealth after 50

Inflation recently hit 40-year highs… the ‘cost of living crisis’ rumbles on… the prospect of a new Cold War with Russia and China looms large, while the global economy could be teetering on the brink of recession.
Posted at 31/10/2024 12:48 by putinaire
Lets take all other variables out. Macro outlooks, yield outlooks, capital funds etc

Where is the next big squeeze on SP?

A lot of income funds wont care much about the share price whilst above average, be it for 3 years or 10 etc



Worked it out? Will be an adjuster price right?
Posted at 29/10/2024 12:59 by marktime1231
Curious to read one headline describing BP's Q3 performance as net debt "inching up". A quick look says net debt has swollen by about $1.6B in the quarter. From memory net debt was down as low as $21B a couple of years back but now stands at over $24B.

Meanwhile BP is powering ahead with buybacks at a rate which is exceeding available surplus cash flow. Fighting to hold up a share price which has been struggling, down again today.

Perhaps there are disposals in the pipeline which would sort that out, for example buying out Lightspeed in order to then sell it on. In an ideal world BP would be positioning for a post-peak oil scenario but has turned its back on that agenda.

Not tempted back in despite the low share price meaning dividends are looking attractive. Watching to see if there will be a retreat to the 300-350p range.
Posted at 20/10/2024 11:07 by putinaire
So in price terms re BP, SHEL and crude..they al have a specific price level above critical where they will no doubt all tank hard together.

SHEL's critical point in share price term is basically a bit higher than BP so less % drop thus far
Posted at 15/10/2024 09:59 by martyre
Don't be so pessimistic.I clearly remember the share price falling by 55% in 2010 after the Deepwater Horizon oil spill. It eventually recovered.This fall (like Shell) is purely driven by the oil price.£5 is achievable.
Posted at 15/10/2024 09:22 by martyre
As long as the quarterly dividends are maintained, the oil price will eventually go up, and the share price will follow.One positive aspect is the buyback. Millions of shares are being cancelled at this low price, and this will provide support to the dividend payments.Let's see what the 29th October update brings. They may decide to scale back the buyback.
Posted at 14/10/2024 09:08 by putinaire
Ukraine, Isreal, now China

The world has tried everything to help BP.

Failed

Going to be brutal as reality kicks in on what the real share price is for maker once offloads done
Bp share price data is direct from the London Stock Exchange

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