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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
  -6.40 -1.35% 468.25 22,005,986 15:57:57
Bid Price Offer Price High Price Low Price Open Price
468.20 468.25 473.50 463.05 470.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 116,643.69 11,259.95 27.78 15.1 89,162
Last Trade Time Trade Type Trade Size Trade Price Currency
15:57:57 AT 1,190 468.25 GBX

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BP. is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 
 JPMORGAN CLAVERHOUSE INVESTMENT TRUST PLC 5.70% 2022-10-31

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Date Time Title Posts
07/12/202214:57 BP98,966
06/12/202215:29BP. - Charts & News7,739
02/12/202220:03BP to benefit from oil price boom?418
14/11/202212:03BP1
02/8/202218:36BP2119

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Bp (BP.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:57:57468.251,1905,572.18AT
15:57:56468.3014.68O
15:57:55468.257253,394.81AT
15:57:55468.2576355.87AT
15:57:54468.25164767.93AT
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Bp (BP.) Top Chat Posts

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Posted at 07/12/2022 08:20 by 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 474.65p.
Bp Plc has a 4 week average price of 456.50p and a 12 week average price of 421.10p.
The 1 year high share price is 504.40p while the 1 year low share price is currently 319.95p.
There are currently 19,041,567,938 shares in issue and the average daily traded volume is 57,372,836 shares. The market capitalisation of Bp Plc is £89,476,327,740.66.
Posted at 07/12/2022 10:58 by gwatson56
I too have just added. Perhaps BP may pick up 11 Million share today due to the price reduction. At the rate of buyback and the pot of free float shares available I see in the next year a need to re-direct excess cash to a raised dividend. There are benefits to a lower share price if you are a long term holder.
Posted at 02/12/2022 12:11 by marktime1231
I do not understand why the EU are imposing a price cap on Russian oil exports (EU imports ?) at $60 or any other price ... why are Europeans still buying Russian oil while they are waging war in Europe? Any trade at all in Russian oil is sustaining the conflict and validating Putin.

I do not understand why Biden has pulled his promise to replenish the US SPR at $70. That still looks like sensible trading to me, during the SPR release the average export price has been much higher. Is it because he now expects a much cheaper price in future, like buying Russian oil at $60? Oh no, surely not.

I do not understand why Ukraine is saying that BP is stood to gain from Rosneft profits, they know full well that BP has withdrawn from Russia, is not receiving dividends, and would welcome an opportunity to complete the exit. Well I would like BP to exit anyway, having written off all the value, but BP also have a duty to realise proceeds if they can. It may be that sitting on the stock until finding a buyer after the war is our best hope. In the meantime BP are not enabling Russia nor profiting from the war in Ukraine. Are they?

Softer oil prices and political flak undermining the sp, looks like someone is trying to reset the price lower or is it an institution happy to exit. Good job we have got a buyback running then.

Posted at 22/11/2022 09:47 by veryniceperson
Oil rises on Saudi supply signals, but demand fears cap Investing.com-- Oil prices rose on Tuesday following commitments to tightening supply from Saudi Arabia and the Organization of Petroleum Exporting Countries (OPEC), although concerns over slowing demand in China and a potential U.S. recession kept gains muted.Crude markets reversed sharp losses in a volatile session on Monday after Saudi Arabia, the leader of the OPEC said reports suggesting that the cartel planned to hike supply in December were false.Instead, the OPEC will commit to its 2 million barrel per day supply cut until the end of 2023, and also stands ready to support prices with more cuts, Saudi Energy Minister Abdulaziz bin Salman said.While his comments helped crude prices recover sharply from a 10-month low, they still remained well below highs hit earlier this month, amid growing concerns that China's COVID lockdowns and a potential U.S. recession will dent demand.Brent oil futures rose 0.5% to $87.89 a barrel, while West Texas Intermediate crude futures rose 0.4% to $80.33 a barrel by 22:45 ET (03:45 GMT). Both contracts rose 0.2% on Monday after a volatile session that saw crude sink to January lows.Crude prices fell sharply last week as rising COVID-19 infections in China raised concerns over slowing demand in the world's largest oil importer. The country introduced lockdowns in several major cities, including Beijing and Shanghai, as it struggles with a record-high rate of daily new infections.China's oil imports slowed substantially this year, and despite a surprise jump in October, are broadly expected to remain muted in the coming months. The country has also ramped up its export quotas, likely indicating a surplus in local stockpiles.Investment bank Goldman Sachs slashed its oil price forecast for the year, citing the slowdown in China.Also chipping away at crude prices were concerns over a U.S. recession, particularly as several Federal Reserve members suggested that U.S. interest rates were set to keep rising in the near-term.Markets fear that a mix of stubborn inflation and high interest rates could hobble growth in the world's largest economy. The OPEC recently cut its 2022 and 2023 oil demand forecasts citing similar concerns.Strength in the greenback, as the Fed raises rates, is also expected to weigh on crude rates, which are priced in dollars.On the other hand, tightening supply in Europe, especially as the west clamps down on Russian oil exports, could benefit crude oil towards the end of the year.The OPEC's recently announced supply cut was also seen going into effect this month, as several members began curbing shipments.
Posted at 06/11/2022 22:39 by marktime1231
How frustrating then that delays to these key expansion projects have meant missing out on the extreme peak in oil and gas prices in 2022. Blamed on covid, typhoons and what not. Did Murray imply the cost overruns were someone else's problem? Now projected starting to come on line in 2023 growing output by around 15%, and continuing to add a further 15% in subsequent years as the giant gas field off West Africa is exploited mostly in the form of LNG for export. I'm guessing though this added capacity comes against a declining output from all other existing operations, the central business plan is for a net decline mostly because oil falls faster than new gas rises? We should want to look closely at bp's forecasts and actual production figures over the next 3 years.

The commentary about surplus cash for buybacks was a bit cryptic. The guy was making a point that the rate is obviously capable of being far higher than the basic plan. Murray saying the sum available goes up to about $4B per quarter if poo runs at $100 rather than $60. Was he asking if the permitted limit of buying back 1,950 million shares was in danger, that would be about £10B? Up in that ballpark aren't we, and a realistic target if poo is sustained and we start getting that added production. So the obvious conclusion from the exchange is that the share price (and dividend) has got to keep improving from here. As you conclude a £7 share price by 2024 becomes plausible, not least by taking up to another 10% of shares off the market next year.

Posted at 03/11/2022 20:41 by bountyhunter
Any company that makes a decent profit is seen as an enemy of the state by modern day politicians. I never thought that the Tories would behave like they are with regards to successful UK companies. Where were they when you couldn't give oil away at the start of the pandemic and oil and gas company share prices fell through the floor! That was seen as just tough luck for those companies and their shareholders! The politicians seem to be doing all they can to drive investment away from the UK. Richie "U-turn" Sunak appears to be about to make things even worse by all accounts.
Posted at 17/10/2022 22:02 by waldron
RIGZONE



BP to Buy USA Biogas Producer for $4.1B

by Bloomberg
|
Simon Casey, James Herron
|
Monday, October 17, 2022


BP Plc agreed to acquire biogas producer Archaea Energy Inc. for about $4.1 billion including debt, the latest step in the UK energy giant’s expansion into lower-carbon fuels.

BP will pay $26 per share, a 38% premium to the average share price in the 30 days to Oct. 14, Archaea said Monday in a statement. The Houston-based company, which captures waste-gas emissions from landfills and farms, will become a key part of BP’s bioenergy business and accelerate its growth, according to the statement.

Archaea fits with BP’s “strategic focus on bioenergy,” Nick Stork, chief executive officer and co-founder of Archaea, said in the statement. The deal will “increase the role of renewable natural gas in helping customers reach their long-term climate goals.”

Archaea was formed in 2021, when Rice Acquisition Corp. merged with two other companies to create a giant in so-called renewable natural gas. The environmental benefit of the fuel comes largely from preventing emissions of the powerful greenhouse gas methane, which is created by the decomposition of organic waste under certain conditions.

The company captures biogas at landfills or farms and processes it into pipeline-quality natural gas. Burning the fuel still releases carbon dioxide, but has a lower overall climate impact than if the methane had been allowed to simply vent into the atmosphere.

Under CEO Bernard Looney, BP has sought to position itself at the leading edge of major oil companies’ efforts to curtail greenhouse gases and transition to cleaner forms of energy. It was one of the first to promise to achieve net-zero emissions by 2050 and has made big bets on offshore wind and electric cars.

Even as the industry made record profits this year on the surge in oil and gas prices after Russia’s invasion of Ukraine, companies including BP, TotalEnergies SE and Shell Plc have said they will continue to channel a growing portion of their cash flow into low-carbon energy sources, while transitioning away from fossil fuels as the main source of their revenue.

In its latest guidance, Archaea said it planned to produce 10.9 billion cubic feet of gas a year, about 0.5% of BP’s total gas output.

BP shares erased earlier gains and were 0.5% lower at 452.7 pence as of 1:37 p.m. in London.

At the time of the 2021 deal, Archaea was valued at $1.15 billion. Since then, Russia’s invasion of Ukraine has boosted natural gas prices worldwide, while President Joe Biden’s push for action against climate change is set to increase demand for lower-carbon fuels.

The sale to BP is “the best way to create a stronger platform to achieve Archaea’s full potential, while maximizing value for our shareholders,” Daniel Rice, chairman of Archaea’s board and architect of the transaction that created Archaea.

Bank of America Securities acted as financial adviser to Archaea and Kirkland & Ellis LLP acted as the company’s legal advisor.

--With assistance from Gerson Freitas Jr..

Posted at 17/10/2022 15:03 by waldron
Archaea Energy Inc. shares were up 52%, to $25.73, after the company said Monday it is being bought by BP PLC for $26 a share in cash, or a total enterprise value of $4.1 billion, including $800 million of net debt.

The cash consideration represents a 38% premium to Archaea's average share price for the 30 days ended Friday.

The stock hit its 52-week high of $25.96 earlier in the session, and is up 86% in the past three months.

The companies are targeting closing the acquisition by the end of this year.

Certain existing Archaea shareholders, who collectively own 27% of its outstanding shares, have agreed to vote their shares in favor of the transaction. Closing is not subject to any financing condition.

Upon completion of the transaction, Archaea will operate as a subsidiary within BP and become part of the larger global organization.



Write to Chris Wack at chris.wack@wsj.com



(END) Dow Jones Newswires

October 17, 2022 10:16 ET (14:16 GMT)

Posted at 10/10/2022 08:20 by younasm
I am waiting to see if 460p will be good support for BP share price. A quick move to 500p or 440p would be a good trading opportunity for me. I will place some limit orders and wait.Oil price looks well supported at current levels - difficult to predict as price movements don't seem to follow the "supply shortage" view
Posted at 06/10/2022 10:15 by marktime1231
Despite firmer oil markets thanks to OPEC+ spitting in Biden's face and holding the oil-addicted world to ransom BPs share price has eased a little today. Shadowing Shell which issued a downbeat Q3 trading statement saying hitherto obscene refinery margins and gas trading gains were lower. To put that in context, Shell warns Q3 profit might "only" be of the order of $10B down from a record $11.5B in Q2.

In summary nothing to worry about! The super-cycle of prices may have calmed down but fossil fuel super majors are still coining it. If I was conducting a giant buyback programme and facing political hassle for exploiting the energy crisis I might say something to soften my share price too.

When Shell goes to print on its Q3 numbers don't be surprised if there are announcements of further buybacks and the dividend improving in £ terms even before a $ increase etc.

BPs Q3 results are due on 1 Nov, not sure if we will need or get a trading update before then. It will be more good news if not as bright as Q2, with shares in issue by then down through 18.5B and no doubt a further buyback programme to come. One concern is over BPs operational performance, more disruption to production this time with a fatal accident at another US refinery, the storm season etc.

Posted at 25/9/2022 11:18 by bountyhunter
That's prompted me to look at the 10 year comparison chart for BP vs Shell which I have added to the header.

BP vs SHELL 10 Year


For me the 10 year chart shows two things:

1. The very significant effect of the pandemic on both companies, now seemingly largely forgotten especially by many politicians. No bailouts at that time of course and the share prices of both BP and Shell have yet to recover to pre-pandemic levels.

2. The share prices of both BP and Shell have followed each other pretty much neck and neck over the last 10 years, so since these charts don't include dividends then surely BP has the edge? Caveat - past relative performance is not necessarily a guide to the future!

...and finally, vs the FTSE-100 there is still potentially some catching up to do - for both.

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