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BP (BP)

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idpickering
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BP (BP)

#198101

Postby idpickering » February 1st, 2019, 9:21 am

· BP Board to support resolution from Climate Action 100+ investors at AGM

· Resolution calls for BP to describe how company strategy is consistent with Paris goals

· Builds on BP's commitment to growing shareholder value while advancing energy transition

· BP has also incorporated emissions reductions as a factor in employee reward


https://www.investegate.co.uk/bp-plc--b ... 00017985O/

Heads up, BP. finals on next Tuesday.

Ian.

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Re: BP (BP)

#201879

Postby Raptor » February 17th, 2019, 9:29 am


idpickering
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Re: BP (BP)

#202869

Postby idpickering » February 21st, 2019, 11:22 am

Scrip dividend price;

viewtopic.php?f=15&t=16383

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Re: BP (BP)

#205928

Postby idpickering » March 6th, 2019, 12:28 pm

This from TMF;

Why I’d buy into the BP share price and its massive income stream

BP looks promising today, with underlying profits doubling to $12.7bn last year, while its return on capital employed (ROCE) rose from 5.8% to 11.2%. Dividends have been frozen for years (it still pays compensation for the Deepwater disaster and is on the hook for another $2bn this year). But strip that out and cash flows look good. The income growth will come.

Earnings forecasts look promising with 19% growth anticipated this year and 18% next, yet it trades at just 12.6 times earnings. BP still looks a top income buy to me.


https://www.fool.co.uk/investing/2019/0 ... me-stream/

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Re: BP (BP)

#205948

Postby ian56 » March 6th, 2019, 1:33 pm

idpickering wrote:This from TMF;

BP looks promising today, with underlying profits doubling to $12.7bn last year, while its return on capital employed (ROCE) rose from 5.8% to 11.2%. Dividends have been frozen for years (it still pays compensation for the Deepwater disaster and is on the hook for another $2bn this year). But strip that out and cash flows look good.


My bold. I was under the impression that they increased the dividend in Q2?

https://www.investegate.co.uk/bp-plc--b ... 00182324W/

Highlights

Strong earnings, strategic momentum, increased dividend

• Underlying replacement cost profit* for the second quarter of 2018 was $2.8 billion - four times that reported for the same period in 2017 - including significantly higher earnings from the Upstream and Rosneft.

• Operating cash flow excluding Gulf of Mexico oil spill payments* was $7.0 billion in the second quarter - which included a $1.3 billion working capital* release (after adjusting for inventory holding gains*) - and $12.4 billion in the first half, including a $0.4 billion working capital build.

Dividend was increased 2.5% to 10.25 cents a share, the first rise since the third quarter of 2014.

Ian

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Re: BP (BP)

#208349

Postby PinkDalek » March 18th, 2019, 10:04 am

ian56 wrote:Dividend was increased 2.5% to 10.25 cents a share, the first rise since the third quarter of 2014.


Sterling equivalent 7.7382 pence per share as per:

https://www.investegate.co.uk/bp-plc/bp ... 30031593T/

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Re: BP (BP)

#208435

Postby PinkDalek » March 18th, 2019, 4:12 pm

PinkDalek wrote:
ian56 wrote:Dividend was increased 2.5% to 10.25 cents a share, the first rise since the third quarter of 2014.


Sterling equivalent 7.7382 pence per share as per:

https://www.investegate.co.uk/bp-plc/bp ... 30031593T/


In case I was unclear, that 7.7382 pence per share relates to the Q4 dividend payable 29 March 2019.

You were quite rightly referring to the earlier increase in the dollar amount wef Q2. The four interim dividends for 2018 (also 2018-2019 for UK tax purposes) in sterling terms being:

Q1 - 7.4435 pence per share (10.00 cents) payable 22 June 2018
Q2 - 7.9296 pence per share (10.25 cents) payable 21 September 2018
Q3 - 8.0251 pence per share (10.25 cents) payable 21 December 2018
Q4 - 7.7382 pence per share (10.25 cents) payable 29 March 2019

Total 31.1364 pence

The exchange rate movements and the 2.5% increase in the Q2-Q4 dividends, result in the total sterling dividends being some 3.8% greater than calendar 2017 (where I believe the dividends totalled 29.9902 pence if https://www.bp.com/content/dam/bp/busin ... olders.pdf and my calculator is accurate).

The 2009 sterling dividends totalled 35.278 pence. Then the dividends were not paid for Q1-Q3 2010, for reasons we all know too well.

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BP (BP.)

#208850

Postby idpickering » March 20th, 2019, 12:48 pm

This from TMF written by Peter Stephens;

The BP share price is a dirt-cheap FTSE 100 stock I’d buy for my ISA today


While there may be a number of FTSE 100 shares that seem to offer good value for money at the present time, BP (LSE: BP) could be one of the more appealing long-term opportunities.

The oil and gas company appears to offer a mix of growth, income and value investing potential that could mean it’s able to generate improving total returns. Alongside another attractive FTSE 350 share that reported results on Wednesday, it could be worth buying within a Stocks and Shares ISA.


https://www.fool.co.uk/investing/2019/0 ... isa-today/

idpickering
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Re: BP (BP)

#212680

Postby idpickering » April 4th, 2019, 1:52 pm

This from TMF, penned by Roland Head;

Why I believe the BP share price could soon return to 600p

Oil stocks have come a long way from the dark days of early 2016. But if you’re looking for reliable income and growth, I think the BP (LSE: BP) share price could still be a rewarding buy.

3 reasons to be cheerful

BP has been through some difficult times over the last 10 years. This is reflected in the group’s share price, which is roughly the same today as it was in early April 2009. However, I think the business is in much better shape today than it was a decade ago.

Firstly, the company is operating with much lower costs than before the 2015/16 oil crash. After years of $100 oil, costs had been inflated to unsustainable levels across the industry. Shareholder returns were limited by weak profit margins and poor return on capital employed.

The 2010 Gulf of Mexico disaster also hit BP hard. The group has spent about $67bn on claims and litigation so far, but these payouts are gradually winding down. Payments totalled $3.2bn in 2018 and are expected to fall to $2bn in 2019.

Finally, despite regional risks in the Middle East and South America, most analysts appear to believe the outlook for oil is likely to see prices remain between $60 and $70 per barrel. At this level, I believe costs and spending will remain disciplined, protecting BP’s profit margins.


https://www.fool.co.uk/investing/2019/0 ... n-to-600p/

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Re: BP (BP)

#218322

Postby idpickering » April 30th, 2019, 7:14 am

First QTR Results; viewtopic.php?f=15&t=17454

Ian.

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Re: BP (BP)

#228254

Postby PinkDalek » June 10th, 2019, 9:48 am

PinkDalek wrote:[The four interim dividends for 2018 (also 2018-2019 for UK tax purposes) in sterling terms being:

Q1 - 7.4435 pence per share (10.00 cents) payable 22 June 2018
Q2 - 7.9296 pence per share (10.25 cents) payable 21 September 2018
Q3 - 8.0251 pence per share (10.25 cents) payable 21 December 2018
Q4 - 7.7382 pence per share (10.25 cents) payable 29 March 2019

Total 31.1364 pence]


Q1 2019 - 8.0655 pence per share (10.25 cents) payable 21 June 2019

https://www.londonstockexchange.com/exc ... 04605.html

idpickering
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Re: BP (BP)

#240351

Postby idpickering » July 30th, 2019, 7:08 am

Second quarter and half year 2019 Results;

https://www.investegate.co.uk/bp-plc--b ... 00081061H/

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Re: BP (BP)

#244457

Postby idpickering » August 15th, 2019, 10:47 am

Q2 2019 Scrip Dividend Reference Price ; https://www.investegate.co.uk/bp-plc--b ... 30151881J/

Comments on HYP Practical please.

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Re: BP (BP)

#247395

Postby idpickering » August 28th, 2019, 6:40 am

BP Exits Alaska After 60 Years in $5.6 Billion Hilcorp Sale

BP Plc agreed to sell its entire business in Alaska to closely held Hilcorp Energy Co. for $5.6 billion, ending a six-decade presence in the state as oil production there declines.

The deal includes BP’s operating stake in Prudhoe Bay, the largest-producing oilfield in U.S. history, as well as all its Alaskan pipelines, London-based BP said Tuesday in a statement. It makes Hilcorp, the oil company founded by Texas billionaire Jeffery Hildebrand, the second-largest producer in the state behind ConocoPhillips.

It’s the latest example of a supermajor retiring from the frontier oil discoveries of the late 20th century that cushioned them from OPEC’s ascendancy and forced them to learn to drill in some of the harshest and most forbidding corners of the globe.


https://finance.yahoo.com/news/bp-exit- ... tTXfXeKuSQ

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Re: BP (BP)

#247750

Postby monabri » August 29th, 2019, 11:52 am

https://www.bp.com/en/global/corporate/ ... lcorp.html

What's in it for BP

"However, we are steadily reshaping BP and today we have other opportunities, both in the US and around the world, that are more closely aligned with our long-term strategy and more competitive for our investment. This transaction also underpins our two-year $10 billion divestment programme, further strengthening our balance sheet and enabling us to pursue new advantaged opportunities for BP's portfolio within our disciplined financial framework.

"Beyond Petroleum".......


What's in it for Hilcorp

"BP's net oil production from Alaska in 2019 is expected to average almost 74,000 barrels a day. "

"Hilcorp has been operating in Alaska since 2012 and is today the largest private oil and gas operator in the state, currently operating more than 75,000 barrels of oil equivalent a day (boe/d) gross production"

So, there Hilcorp will be able to double their output and no doubt make operational efficiency savings.

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Re: BP (BP)

#252279

Postby PinkDalek » September 16th, 2019, 7:02 pm

Belatedly updating this for the record.

The four interim dividends for 2018 (also 2018-2019 for UK tax purposes) in sterling terms were:

Q1 - 7.4435 pence per share (10.00 cents) payable 22 June 2018
Q2 - 7.9296 pence per share (10.25 cents) payable 21 September 2018
Q3 - 8.0251 pence per share (10.25 cents) payable 21 December 2018
Q4 - 7.7382 pence per share (10.25 cents) payable 29 March 2019

Total 31.1364 pence]

The interims so far for 2019 are:

Q1 - 8.0655 pence per share (10.25 cents) payable 21 June 2019
Q2 - 8.3475 pence per share (10.25 cents) payable 20 September 2019 https://www.investegate.co.uk/bp-plc/rns/q2-2019-payment-of-dividends-in-sterling/201909100927088063L/

idpickering
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Re: BP (BP)

#255767

Postby idpickering » October 4th, 2019, 7:08 am

BP chief executive Bob Dudley to retire, to be succeeded by Bernard Looney

See; https://www.bp.com/en/global/corporate/ ... ooney.html

And the RNS on this here; https://www.investegate.co.uk/bp-plc--b ... 00057853O/

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Re: BP (BP)

#255781

Postby AleisterCrowley » October 4th, 2019, 8:54 am

paraphrasing Buffet: “I try to buy stock in businesses that are so wonderful that a loony can run them because sooner or later, one will.”

idpickering
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Re: BP (BP)

#260725

Postby idpickering » October 29th, 2019, 7:17 am

3rd Quarter Results;

https://www.investegate.co.uk/bp-plc--b ... 00033915R/

Reported here for general chat. For HYPers see viewtopic.php?p=260724#p260724

Ian.

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Re: BP (BP)

#260849

Postby idpickering » October 29th, 2019, 4:22 pm

This from TMF;

The BP share price is falling today but I’m still backing it to beat the FTSE 100

It’s a bad day for BP (LSE: BP), with the share price down almost 4% after it reported a thumping 41% drop in third-quarter net profits from $3.8bn to $2.3bn. It’s been a pretty poor year all round for BP, with the share price down 3% in the last 12 months.


https://www.fool.co.uk/investing/2019/1 ... -ftse-100/


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