|Bid||333.00 x 0|
|Ask||362.20 x 0|
|Day's range||333.30 - 350.45|
|52-week range||4.69 - 583.40|
|Beta (5Y monthly)||0.64|
|PE ratio (TTM)||17.12|
|Earnings date||28 Apr 2020|
|Forward dividend & yield||0.33 (9.23%)|
|Ex-dividend date||13 Feb 2020|
|1y target est||7.99|
Short on time and ideas for the ISA deadline? Jonathan Smith looks at some of the most in-demand shares at the moment.The post Looking for ISA ideas? I like last week's 4 most-bought FTSE 100 stocks appeared first on The Motley Fool UK.
UK's FTSE 100 fell on Friday as oil stocks retreated after a strong showing in the previous session, while insurers tumbled after their European Union counterparts were asked to suspend dividend payments to weather the economic hit from the coronavirus crisis. Shares in BP and Royal Dutch Shell fell about 3%, with oil prices flat amid doubts over whether a deal to call off the Saudi-Russian price war would go ahead if the U.S. does not scale back output. After Thursday's numbers showed another record surge in U.S. weekly jobless claims, investors are now waiting for data on European services sector activity for March.
The world's top oil and gas companies are rushing to raise tens of billion of dollars in debt to help them weather one of the worst downturns in the sector's history while faced with high fixed costs and looming dividend payments. Royal Dutch Shell, BP, France's Total , Norway's Equinor and Austria's OMV have all tapped bond markets this week, raising more than $10 billion according to Reuters calculations. Oil prices sank 65% in the first three months of the year to lows of $22 a barrel as strict movement restrictions imposed around the world to limit the spread of the coronavirus led to a collapse in demand for transportation fuels, while a fight for market share between top producers Saudi Arabia and Russia accelerated price falls.
On the brighter side, although the business scenario is unfavorable, BP says that it is not planning job cuts in the coming three months.
World stocks were mixed on Thursday, as the death toll from coronavirus rose and economic pain deepened, with another record week of jobless claims expected in the United States. Oil futures surged after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war.
BP said Wednesday that several workers who had been on one of its oil platforms in the U.S. Gulf of Mexico tested positive for the coronavirus. A company spokesman declined to identify which platform the cases were associated with.
BP says it is facing the "most brutal environment" for the industry in decades as it counts the cost of the slump in the oil price amid the coronavirus crisis. Oil prices fell by 65% in the first quarter of the year as a result of a sharp drop in demand following restrictions on movement imposed to try to restrict the spread of the virus. A price war between top oil producers Saudi Arabia and Russia further weakened the sector as the two nations increase supplies to try to win market share.
BP on Wednesday cut its 2020 spending plans by 25% and will reduce output from its U.S. shale oil and gas business in the face of the collapse in oil prices triggered by the corononavirus outbreak. BP and other big oil and gas companies are having to rein in spending sharply following the collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price war between top exporters Saudi Arabia and Russia. "This may be the most brutal environment for oil and gas businesses in decades," CEO Bernard Looney said in a statement.
This week we saw the BP p.l.c. (LON:BP.) share price climb by 10%. But in truth the last year hasn't been good for the...
US crude oil prices fell close to their lowest in 18 years on Monday! Is this bad news for the FTSE 100 oil companies?The post Oil prices crash! Should you invest in BP or Royal Dutch Shell shares in this market crash? appeared first on The Motley Fool UK.
Looney wrote in a LinkedIn post on Friday while there has been reduced demand for the industry's products, the company's response to the crisis "will not include making any BP staff redundant over the next 3 months." World's major oil companies, including BP, have said they would reduce spending following a plunge in crude prices due to the coronavirus pandemic and a price war between top producers Saudi Arabia and Russia.
Is BP too good to miss at current prices? Royston Wild gives the lowdown.The post Forget the BP share price and 11.5% dividend yield! I’d rather buy this 7% yield in an ISA appeared first on The Motley Fool UK.
With crude prices below $30, are companies like Shell and BP now a bargain? The post Is now the time to invest in oil shares? appeared first on The Motley Fool UK.
The falling cost of producing hydrogen from renewable power offers a promising route to cutting emissions, but governments need to step in and provide $150 billion of subsidies over the next decade to scale up the technology, according to research from Bloomberg New Energy Finance (BNEF). Renewable hydrogen can be made by splitting water into hydrogen and oxygen, using electricity generated by cheap wind and solar power. The technology to do this is currently funded by companies, but BNEF estimates that if governments worldwide were to provide $150 billion in funding over the next 10 years - less than half the amount currently spent on subsidies for fossil fuel consumption - that would help halve the cost of producing hydrogen from renewable energy sources.
The blue-chip FTSE 100 fell 0.8% by 0812 GMT, after posting its first weekly gain in seven weeks. Oil majors BP Plc and Royal Dutch Shell Plc fell more than 2.5% as oil prices tumbled on fears about the economic hit from the pandemic as well as a price war between Russia and Saudi Arabia. Engineering company Rolls-Royce dropped 8.4% to the bottom of FTSE 100, while low-cost airline easyJet fell 2.6% after saying it had grounded its entire fleet and furloughed cabin crew employees for two months under a government job retention scheme.