Member Info for Charlie156

The TR-1 deadline for notification is within 2 trading days for a UK issuer, and within 4 trading days for a non-UK issuer.

Gobsmacked by what's happening here. No buybacks today either unless it falls to £5.36ish.

Are their games as pulsating as what's happening on their share register.

All those institutions who were desperate to sell at £2.40 are even more desperate today to buy at £5.40. What a game.

Looking at the surging BP ADR price and the buyback rules, I believe buybacks may not happen tomorrow.

Can't believe Zac sold, I always thought he'd be the last man standing here. I'm out myself after a 494/511 day trade. Good luck to all LTH's, I think you will do well.

$2.75bn up to 28.04.23. $0.675bn up to 30.09.23 for employee share schemes. I've traded this repeatedly since the last results and had to pay the price this morning to get back in, but you cannot ignore the sheer weight of money being generated here and the pragmatic strategic shift.

Looney has rediscovered his cojones and is starting to act like an CEO of an O&G giant with record free cash flow. He's listened and torn up the 2020 dividend policy laid out until 2025 and increased O&G Capex. Buybacks ,dividend and reduction in net debt are all ahead of what I was expecting.

y11, when London closed BP's ADRs were $35.21. The Dow has just closed and BP's ADRs are $35.20. The only thing crashing is your credibility.

2.2% yield and faith needed that management will deliver. In today's market that's not much of an enticement.

I don't see how Looney can keep his job after those comments. Selling 40% of the company's O&G portfolio which returns between 15-20%, and replacing it with renewables that in 2030 could return 10%. Now it appears he is rowing back even from that figure. This whole venture has been his call, the dividend was halved and the share price tanked. Now he's telling colleagues he's disappointed with the financial returns, not as disappointed as I am with Looney's destruction of shareholder value.

Chevron missed Q4 expectations on Friday, I'm expecting a consolidating Q4 from BP.
No dividend increase, and with the dollar falling against the pound, the sterling payout will be reduced from Q3.
Buybacks $1.5-2.0bn.
Debt increase due to Archaea purchase in Q4.
There won't be any talk of present renewable earnings, as they scale the business the next couple of years will see heavy losses. Selling so much of their O&G portfolio over the last few years has cost shareholders billions, compounded by investing billions in loss making renewables, for some 2030 nirvana apparently.

The year on year UK parcel volume decline of 20%, and the pre-pandemic UK parcel volume decline of 6% stands out. I'd like to know how that compares with their peers.

Ahead of Friday's results Chevron announced a tripling of its budget for buybacks to $75bn, although no timescale was given, plus a 6% increase in its quarterly dividend. Exxon has committed to spend $50bn on buybacks from 2022-24. With Apple spending $90bn on buybacks in the last year, it all makes BP look like small fry.

Zac, BP bought back 1.90bn shares in 2022, saving $456m yearly in dividends. They also issued 316.7m shares in the year. This dilution means that at a share price of £4.80 and cable rate of $1.233, BP has to spend $1.87bn to cancel those added shares. Basically, one quarter of buybacks is needed every year to take those extra shares off the share register.

Dividends paid in 2022
March, 19.7bn shares @5.46 cents=$1.076bn
June, 19.5bn shares@5.46 cents=$1.065bn
Sept, 19.0bn shares@6.006 cents=$1.140bn
Dec, 18.30bn shares@6.006 cents=$1.099bn
Total=$4.38bn

y11, I closed yesterday's trade. Sold 8070@4.8266 at 08.48:53. I won't do this again, because it's a bit tacky and your a time waster.

y11, another bold unsubstantiated claim. How about the two of us post our BP trades on here, to remove any BS possibility. I'll start, I bought 8070@4.723498 at 12.04:35 today.

Theaky, BP in 2022 spent over $10bn on buybacks and also over $10bn reducing its debt, as well as paying over $4.4bn to shareholders for the year. The share price at the beginning and end of 2022 shows the increase in shareholder value. The balance sheet is far healthier today, leaving the flexibility for the company on how it uses its future FCF. I agree the balance in 2022 did not maximize shareholder value. Nothing drastic, just a minor tweak of a $6.6bn dividend, $9bn buyback and $9bn debt reduction would I believe today see a share price north of £5.50.

The dividend policy until 2025 is $4.4bn divided by the number of ordinary shares, increased yearly in August.