Member Info for Chandley-1976

7 billion....

Year to date, not the single quarter.

Zac, they wont. It's unprecented times, making unprecedented profits.

Those Q2 results are going to be absolutely eye watering. Ill go with a $7 billion profit for the quarter. I see nothing changing in Q3 either.

But then we don't need to make record profits forever to get the SP back to respectable levels, just as they were when the SP was 600p. £10 is clear nonsense. The simple fact is that BP should be well over 500p right now though. The green energy path is a long one, and we, as per the world, are still very much all about crude oil use.

DOW - Down
FTSE - Down
Crude - Down
Shell - Down
BP - Up

The tide has clearly turned around here.

Same….. my original investment plan was to sell most of my holding at 450 when it came, next year.

I now think that would be foolish, as there’s more to come here with another 6+ months of high oil prices ahead of us.

And at 450, the divi simply must rise after the next results now that the vultures have grabbed their windfall tax pound of flesh.

Plato; If crack was a legal commodity as per oil, I suspect that your clear personal consumption would have prices sky high right now.

And that’s the thing about them; they pretend to be like the common folk and to care about them, whilst enjoying their 85k salaries, which up north is a fortune, and no doubt as you say owning shares, property, and all the things which make them as ‘normal’ as the Tory toffs which they oppose. Not all Tories went to Eton eh? Jokers, the lot of them.

I’ll underpay my energy bill by £400 this year and buy 90 BP shares. Keep your bribes Sunak.

Total or per share; same outcome.

And BP have themselves stated their intention to raise the divi. It needs to happen in the next quarter.

I’m sure that it will. How long before the lefty wolves are back scratching at the door for yet more free cash?

I don’t agree. We need to raise the dividend a little in the next results.

We’ve now agreed to a windfall tax. It should have happened a bit sooner just to end the political games really, but hey ho.

Every single household in the county has just been given a £400 dividend, whether they want it or not. It’s only fair that the people who actually own BP (us), have invested, take the risks, and put in the effort to be able to do that, get our dividends increased slowly to what they once were too. 5p Bernie…….

We’ve played ball for too long. Now the sun is shining again, it’s time to reward us for that patience when we could have invested in other oilers and seen better gains.

‘Rishis wrecking ball to net zero’

My personal favourite one today.

So a pacifying £400 bung to people who largely don’t want or need a fuel benefit, is the choice over allowing our energy firms to invest as much as we can in making UK energy as green and cheap as possible in the medium term. After writing off 20 billion quid, also after a generally rough 2 years. Fine. We can invest more in Europe and America.

I’ll never vote for this bunch of the pandering, short sighted mugs after this and their dismal self employed COVID support, whilst throwing cash around at everybody else to buy votes.

Getting drunk in work, buying votes with badly considered, irresponsible spending.

Bernie messed up, no question.

Stating that investment wouldn’t change regardless of a tax…… silly comment to make.

The tax will come from UK project budgets ultimately. All those £400 short term gainers and lefty mugs, happy about their little benefit payment.

As with anything though, it won’t be free.

I’m just happy to have the matter closed for now as much as they will no doubt be back for more in 9 months when the energy crisis actually starts. Next time Bernie, play hardball.

We are not a charity and already pay enough UK tax to fund thousands of schools and hospitals every year.

And I don’t see other good British firms who’ve benefited from record sales during the pandemic etc, writing off 20 billion in Russia.

Indy, how dare you insinuate that people wont spend their energy benefit payment on stuff which isn't energy. They will surely credit it to their energy providers' balance, or pop it on a top up card, as soon as they get it.......

I blew the £150 the other month, rather than giving it to Octopus to hang onto for 6 months, adding to my already green balance that we've been topping up since January to prep for the Autumn and Winter energy onslaught, which anybody with any sense saw coming months ago. I didn't want the £200 loan and don't particularly want the £400 bung, as much as it's tokenly welcomed after Sunak absolutely mugged my household during furlough.

It's stupid. Such benefits, which is what it is, should be means tested and go to only the people who really need it, and should 100% be added to their energy account, not given in cash to spend on stuff that isn't energy bills........ but then Rishi needs to keep as many people sweet as he can to minimise the backlash. Politics......

25% of not much, with refunds based on green investment. It will cost us a few hundred million quid.

Pennies as we said weeks ago. We should have volunteered to pay it earlier. But then is that what what Bernie was saying when he made what sounded like gaffes at the time;

- A windfall tax wont change our investments in the UK
- A we have more money than we know what to do with
- We are a cash machine
- etc

Was he saying; bring it on. We will pay it quite happily. No, it was probably just inconsiderate gaffes to be fair.

All eyes on 450p SP/$130 crude/$10 gas now in Summer.

There we have it; £650 for struggling homes in 2 lump sums. So about £50 a month, for a year. Will make little difference in truth, but still. They could have made it £500 a month and people would still moan.

On we march, doing more than our bit for society and also forging green solutions to carry the nation into the future.

Did the lefties get their way?

https://www.bbc.co.uk/news/business-61584546

Well we are to be fair, despite the lefty hatred of those doing better than the norm. Regardless of it was inherited or grafted for from nothing.

The whole ‘the rich pay less than me’ eh?

Well, 5% of 150k is still more than 20% of 10 grand taxable, and the former usually pays privately for stuff too.

So who’s not paying their way? Moaners.

250 million…… peanuts. Just pay it and shut the lefty champagne socialists up. Then the 10 million households who qualify for it, will be able to sort out their finances with the extra £25 windfall eh?

It’s just relentless. I say that we pay it voluntarily via the energy suppliers as the energy crisis has just started and will run into 2024.

BP are more than doing their bit. Since the billions that we already pay which funds how many schools and hospitals, isn’t enough eh?

We found out today that our local council gets £10k a year for every Ukrainian refugee that somebody in our town takes in. To cover the cost of schooling and the NHS etc, should they use it. I imagine it’s the same everywhere. Funny how people don’t go on about that though, and pretend that their own taxes cover that general £10k cost per person.

BP pay their way. The people moaning about windfall taxes however; most of them never will, and have absolutely no clue about that fact, instead preferring to just slate the organisations which already carry them.

I have no idea how that would work as it wouldn’t be to a charity per se.

But yeah. I do think that the board should consider a voluntary tax donation, even if it’s a payment via the energy firms not Sunak, of half a billion or so. £20 per household.

Then call for more companies to do the same. Oil companies are not the only ones making record profits at the moment.

The sad truth is this; even when the war is over, energy and fuel prices are not going back to the same as before. They will stay elevated albeit much lower than now. 140p diesel is a thing of the past.

Once they’ve proved that people will pay it…….

No doubt today won’t be the end of the moaning from Starmer and co. At least they’ve finally had the good grace to talk actual numbers, and they look like the ones we discussed on here recently.

£3 billion quid, equating to £120 per household. A tenner a month over the next tough 12 months.

Problem solved!

The energy crisis hasn’t even started in this country. It’s Spring. Wait until the cap rises again and the extra £50 a month that people have up topped up the their power bills with, don’t even touch the sides, never mind plug the gap.

Another £10 a month will sort the situation though eh Kier?

I couldn’t care less what you think of me to be honest. At the same time I don’t know you and never will, but I’m pleased that your husband is doing well.

And I know how fortunate I am. 100%. That’s my point. The world would be a better place if more people understood how lucky they are, rather than constantly moaning about how unfair life is and how they deserve more, and that it’s not on that others have more. That should be a motivation, not a catalyst for bitterness.

And I’ve not lost my dividend, so sorry to let you down. I only reinvested in BP in Summer 2020, when the divi was already half cut.

Have a good weekend.

Privatising the NHS is just yet more lefty nonsense scaremongering. Don’t vote Tory, they will privatise their NHS…… it’s been the scaremongering tactic for decades yet it never happens. And it won’t. It’s the same as the right wing making you think that the left would tax you to being penny less and give the homeless nice flats in Mayfair. Lies to purposely polarise.

We pay for private health care. My wife had 2 operations earlier in the year and the service was both first rate and instant. You could spot the NHS patients who’d been paid for privately. No manners. Entitled. Expectant. Zero appreciation that the tax payer was paying £1000s for their care.

That £20k hip replacement that Janice has on the NHS when she’s 75, uses up her entire NI contributions over a lifetime. Yet somehow it’s not on that she’s had to wait a year for it, the food was bland, and her family had to pay for parking when visiting.

People are just plain stupid.

I’d love to press a button and overnight, minimum wage was £22….. but everything was privatised, there was no social care, and everyone had to pay their own way and cater for their own choices in life. That would give people an appreciation for how great the NHS really is, and how fortunate everybody is in this great country.