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One further point re any sanctions is for years BP operated a field in the North Sea which was co owned with Iran.
Iran has had to endure years of some of the strictest sanctions of any country bar probably North Korea, all that happened was Irans share of the money was held onto until the relationship was better.
At the end of day any sanctions will be imposed on Russia, not BP, Russian oil & gas WILL still be pumped to Europe because Germany WILL NOT vote for anything which will seriously damage their country, and its not "just a few people getting cold" much of Germanys industry would be severely hit, and neither will those, like Italy which depend on Russia for much of their energy supply.
We will see what happens but I for 1 won't be selling any of my holdings just yet!
BP has a much broader relationship with Roneft including selling their products in western countries and providing knowhow.
They aren't going to try and grab BP's shares they lose too much.
I vote every 4 years Proffpuff & I'm not a moron, least I think not.
We have world supply issues through lack of investment in new oil, we have the UK China and the USA using reserves to quash the price. Opec cannot produce the increases in production they promised already. And some of you think there will be sanctions or somehow Russia will turn off the taps ? Are Goldman Sacks or JPMorgan selling ? How about no. I doubt if Russia will invade if they do oil will go higher until the conflict is over. Despite what the media and the polititians say the world runs on oil and will continue for years to come. Electric cars and wind farms are not green and not the answer but politically they look like they are doing something because guess what every 4 years they need the morons to vote for them
Stockready,
I know how sanctions work, and I know how companies and countries get round, having worked for a major international company who dealt with Russia through a third party country.
I personally think its all posturing but I also think that should anything happen Russia will NOT be trying to seize the near 20% of Rosneft held by BP.
BP has an excellent relationship there and that kind of seizure would set the country back to Soviet / communists austerity.
Bumble
BP can not go round the sanction if happen.
Section of the county mean no company can do business with them under the sanction terms otherwise the US will stop their business activities in US and other counties they have influence and those are many and company like BP have a global business and specially in US and Europe
But it will be no invasion, simply wouldn't happen because the costs is too high for Russian and they are not stupid .
Bumble1968.
I can't believe you actually believe that Russia invading Ukraine won't affect Western assets in Russia. The West would impose punative sanctions on the Russian economy and Putin would respond in the obvious way. You really need to have a re-think. How in the World can investments in Russia or Ukraine be considered safe for heavens sake! Mad.
All IMHO.
I agree with @EmaraldCarrots, and sold some of my BP holding this week.
IF Russia invades, there will be massive sanctions against Russia, and Russia will hit back any way they can, and BP is the obvious target. I've been wondering for sometime why there hasn't been a panic sell.
Call me a scaremonger all you like, but the profit I got on selling was worth many years dividends.
Emerald,
Wrong....
BP have a very good relationship with the Russian government.
Any sanctions imposed will be by western governments and NOT by BP.
You appear to be nothing more than a scaremonger.
If Russia invade I presume Western assets in Russia will be in danger, so Shell, BP. Total etc.. may loose their assets in Russia as in Russia take them over.
As oil and gas prices would sky rocket I presume having shares in Companies with no assets in Russia would be the sensible thing to do!! Obvious???
I think one should avoid any Companies with asstes in Russia, or Ukraine of course!!!
All seems pretty obvious frankly.
All IMHO.
Boooooooommmmmmmmm my 190s buys are paying dividends now.With my extensive military knowledge Russia will get its arse kicked big time.Come on the 400.
Caitlin1
You really are an imbecile.
Maybe consider sticking to your trademark boring nonsense of " booooooooooom" . You come across as an irrelevant child that has a llmited worth, just like the Tellytubbies but far less entertaining.
Leave the complexities of geographical politics to those whose opinions are at least interesting if not valid.
Time for bed.
caitlin,
just out of interest who's going to kick Russia's arse?
It certainly won't be NATO......
I say again Russia will get its arse kicked big time.
Basically NO and i'll say it again NO sanctions will happen on Russian oil & gas exports.
Europe NEED Russian oil & gas full stop and they cannot just turn off the tap, countries like Germany and Poland will freeze to death.
Also most of Russia's oil & gas goes to China and they will not give a monkey's about any US sanctions.
BP at sub £4 with a rising oil price is a buy IMO.
about half of BPs hydrocarbon reserves are held via their 22% ownership of Rosneft. For every 1 BP share you are technically also holding 0.2 Rosneft shares. Therefore IF - and its a big IF - Russia invades, sanctions could hurt BP. Ive therefore decided myself to find an alternative oil major to invest in.
Adrian,
MYy guess is that the price of oil will rise sharply in the short term due to the uncertainties. The USA may try to prevent Russia exporting its crude oil. OPEC has shown itself incapable of increasing supply even to its modest increase plan.
War equals higher oil prices
Mark,
Agree with you there and the LAST THING the likes of Germany are going to do is stop importing Russian gas, especially in the middle of winter!
And Germany isn't the only country, America imports oil & gas from Russia!
If anything happens the cost of oil & gas will skyrocket!
I read somewhere that BP are providing the their high speed chargers for the new Russian electric tanks.
Hi Gary
You are talking twaddle. Russia annexed the Crimea in 2014. BP were already invested in Russia at that time via Rosneft. Do you know what happened to the share price at that time ? I guess not. Posting about the possibility of BP losing 20%+ if Putin takes action is nonsense.
Sanctions will be targeted as always.
Please don't scare the children.
Have a great day.
Mark
Russia would not get its arse kicked at all but shareholders would not be very happy.
Those wishing to get back in here at £3 & under would be over the moon though.
Very much doubt that, not from Ukraine anyway. The danger is it spills in to other countries or if EU/NATO get involved, then we might all be getting our arses kicked.....and not in a good way. Markets would tumble everywhere.
Russia will get its arse kicked.
What do people think will happen to the share price if Russia invade Ukraine?