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BP p.l.c. (BP.L)

LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
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430.55+3.00 (+0.70%)
At close: 04:50PM BST

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  • g
    garrett
    Goldman Sachs predicting $130 for oil by years end. Bring it on .
  • r
    rob
    Reported: bp repurchased 90,916,207 ordinary shares in London
    during the time frame 8/2/22 thru 8/11/22.
    Equivalent to 15,152,701 ADSs
    Approximately 0.48% of outstanding shares
  • J
    Jerry
    When will it hit $36 a share??????
  • D
    Diane
    CRUDE Oil rising.....
  • D
    Doug
    https://oilprice.com/Energy/Energy-General/Are-Oil-Prices-Set-For-A-Comeback.html
  • D
    Doug
    I recommend listening to this podcast starting around the 21 minute mark. What I found most interesting is that Europe is starting to replace natural gas with fuel oil, which could increase crude oil demand by over 1 million barrels per day.

    The driver in replacing natural gas with fuel oil is Europeans paying the equivalent of $58 per million BTU for natural gas. $100 oil gives the same energy price equivalent of $18 per million BTU natural gas so the economic benefit to switching is obvious.

    The person being interviewed recommends buying oil company equities as the best play. We are living in a BP world so dollar cost-average. GLTA.

    https://podcasts.apple.com/us/podcast/macro-voices/id1079172742?i=1000575059655
  • g
    garrett
    Germany switching from gas to oil.Only way is up for oil.
  • l
    loucas
    Any news on the sale of Rosneft, i thought India was interested but haven’t heard anything for a while
  • g
    garrett
    BP doing better on low oil price, 😂. Don't know why not do I care.
  • D
    Doug
    I have mentioned on this board more than a few times that electric vehicles will never be competitive with the good ole internal combustion engine for various reasons, with one big reason being there isn’t enough aluminum, cobalt, manganese, nickel, etc to affordably support mass production of electric vehicles.

    Once again, you can’t defy the laws of physics. Fossil fuels will remain essential to the global economy for decades to come. GLTA.

    https://www.zerohedge.com/markets/significant-material-cost-increases-ford-hikes-prices-ev-truck-7000
    EVs have become even more unaffordable for the average American.
    EVs have become even more unaffordable for the average American.
    www.zerohedge.com
  • r
    rob
    Bp is probably the leader in percentage of outstanding shares repurchased
    on an ongoing basis. It's due to the cheapness of bp's market valuation.
  • r
    rob
    Reported: bp repurchased 101,627,587 ordinary shares in London
    during the time frame 8/2/22 thru 8/12/22.
    Equivalent to 16,937,931 ADSs
    Approximately 0.53% of outstanding shares
  • D
    Diane
    BP is a great company....mid 30s coming. Be patient faithful investors! Enjoy dividend rewards while share price appreciates!
  • D
    Doug
    Since the Q2 earnings report and announcement of the new quarterly buyback amount of $3.5B, BP has bought right around $58 million worth of stock on each and every trading day. I suspect BP will keep buying this amount each and every trading day through October 31. Awesome!!!

    Keep it up BP. BP is hitting on all cylinders. It’s a beautiful thing!!!
  • D
    Doug
    If this week is any indication BP plans to buy between 11 and 12 million ordinary shares in London each and every trading day if prices remain around here. BP could do this with the $3.5B buyback for the quarter. This amount of share purchase each trading day will put a lot of upward pressure on the stock price. Love it!!!
  • r
    rob
    Reported: bp repurchased 57,710,324 ordinary shares in London
    during the time frame 8/2/22 thru 8/8/22.
    Equivalent to 9,618,387 ADSs
    Approximately 0.30% of outstanding shares
  • T
    Terres
    Do you guys follow (http://Themaxgains.tech)? It seems way better than all the spam on the BP board - The alerts have been great!
  • r
    rob
    Short term traders who tried to play the dividend but
    ignored the chart:
  • D
    Doug
    https://www.bloomberg.com/news/articles/2022-08-06/buyback-bonanza-could-fill-lag-in-repurchase-tax-effective-date#xj4y7vzkg
  • D
    Doug
    Don’t blame oil companies. Blame those who promoted Greta to the forefront.

    https://www.zerohedge.com/commodities/tragedy-brits-face-worsening-cost-living-crisis-power-bills-expected-top-5000