Member Info for BPinvestor

Shell has just announced their new plans. Is it me, or is this what BP has been doing for some time ?

https://www.msn.com/en-gb/money/other/royal-dutch-shell-launches-fresh-multi-billion-pound-share-buyback-scheme-as-plans-to-ditch-group-s-dual-structure-gain-momentum/ar-AARnGsC?ocid=msedgntp

A wonderful situation, of knowing so much, but understanding so little.

Nolimit, if you're looking for a good divi return, try Glaxosmithkline, @ 5.4%

SEE HERE ;- https://www.dividendmax.com/united-kingdom/london-stock-exchange/pharmaceuticals-and-biotechnology/glaxosmithkline-plc/dividends

I read somewhere last week (can't recall where) BP is advertising for 100 Hydrogen engineers, someone's doing some forward planning.

Let's put this in perspective. 50M barrels, is 125 extra days, at the OPECs rate of 400,000 barrels of oil a day per month that they promise, month on month. That's 4 months supply, at that rate.

I guess it's bought the market some relief, but, the US has stored reserves of about 700M barrels, so lots of slack in the system.

Are we really worried about a 1 day drop in the POO ???? with winter around the corner ?

In fact, the company was paying £5 per share a couple of years ago. BP has a long history of buybacks. In 2013-2014 they spent over £10BN when the shares were in the £4-£5 range.

Checkout the link here ;- https://www.bp.com/en/global/corporate/investors/information-for-shareholders/shares-in-issue-and-share-buybacks.html

True, they are not guaranteed, but since May 1993, BP have not given a dividend in 3 quarters (Q1 to Q3 2010) something to do with the GOM. After that, it's been green all the way.

To summarise. BP pays 4 dividends per year. So, from 1993 to 2021 that's 28 year (X4) that's 112 possibilities, and BP has paid out on 109 occasions. It will do for me ....

Link :- https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/investors/bp-cash-dividends-ordinary-shareholders.pdf

Of course, who will blink first ?

I'm sure you will have all heard of "supply and demand".

We have the supply, there is currently a large demand.

he share price does not come into the equation ....

Usual market over re action. Or is that "under re action " ?

So, here we are, 1st Nov. Current buybacks must end tomorrow. Still £44M (give or take) in the kitty. Expect an RNS later today, and one more tomorrow.

So, including todays (27/10) RNS, BP has purchased 293,194,005 shares, at an approximate cost of £957,317,219. They are averaging £22,793,267 per day

This leaves them with about £64,580,591 in the bank. 4 more trading days to go until 2nd November. I do believe they will achieve their target.

BP gets a heads up from Aberdeen council :-

https://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-59035905

Hi Zac, OK, found your data source. It’s very high level, and a bit out of date, there have been 4 more RNS from BP since it was last updated. Trust me, when I say, mine is the most correct, and accurate. I have added together, all their individual RNS (40 to date) down to the last share

As an example of how “high level” Their 1st week, they say 32M. This was for a period of 3 weeks. When I add mine together, you get 32,455628. They have rounded it down by nearly ½million. Also, their currency is in US dollars, goodness knows what conversion rate they use.

I’m sure we will get a true final figure on 2nd November, or very shortly afterwards.

Latest shares count (24-10-21) total is :- 276,594,005

Zac, not sure where you're getting your figures from ? Like I said, mine are from the official RNS. Anyway, further update, as of yesterday (21st October) there have been 270,994,005 shares bought back (39 RNS statements). As for the price/ cost, never easy to fully understand, as BP uses averages, which, when spread over many millions, it's not easy to get a fully accurate picture.

Anyway, if you want to argue the toss, please supply your source of data.

I know lots of people have been asking questions about the buyback programme, so, sad thing that I am, I thought I would have a closer look at exactly where we are (or thereabouts) not so easy, when you start mixing dollars with pounds. Anyway, bear with me, and I’ll try and give you an educated guess as to where we stand.

So, BP announced on 3rd August that it would set aside $1.4BN (Just over £1BN) to buyback shares upto and including 1st November 2021.

To date, they have issued 38 RNS statements, informing shareholders of their progress.

In summary, they have bought an average 6,984,053 shares on each of the 38 buying days, at an average spend of £23,335,014.

In total, 265,394,005 shares.

An average of £2.99 per share

This means they have spent in total £793,390,465, leaving them £213,609,535 left to spend.

Assuming the daily average spend, that’s 9 days spending (including today)

There are 8 days trading to go, including the 1st November. With the higher share price, I think they will just squeeze past the winning post.

Another good deal for BP .....

https://www.msn.com/en-gb/money/other/bp-signs-10-year-pipeline-gas-deal-with-china-s-shenzhen-gas/ar-AAPM4P3?ocid=msedgntp

Another very good article here :-
https://www.msn.com/en-gb/cars/news/how-lord-bamford-and-sir-jim-ratcliffe-are-leading-the-hydrogen-charge/ar-AAPHhxy?ocid=msedgdhp&pc=U531

We just need to start producing the stuff ....

Good little clip here, a brewery about to start using hydrogen for its delivery fleet. Slowly but surely .....

https://www.bbc.co.uk/news/uk-wales-58965075