Member Info for Charlie156

In theory it should echo Shell's dividend, as it uses the same qualifying period for the £/$ rate, Aug31-Sep2. That gives a sterling dividend of 5.18197682, which for all the dividend junkies out there is a not too shabby 32% increase on the dividend last September.

https://www.mirror.co.uk/news/uk-news/poster-bp-garage-tells-staff-27815414

Ever since Looney halved the dividend and the share price imploded I've been taking shares instead of cash every quarter. That has ranged from £2.33 to £4.04. If the shares remain above £4.50, this will be the first quarter in 2 years that I will have to consider whether to continue to do that.

There is £2 billion left in the buyback pot at the present £/$ rate. That's £45 million a day over the 44 remaining trading days. I know it's hard, but I try not to let the trials and tribulations of short term price movements affect the clear long term share price upward trend. BP provides trading opportunities as well, something for everyone.

Perplexed by this share and the whole sector. They're making robust profits, debt has fallen sharply, ROACE is improving albeit slowly and they have hedged their energy costs. Dollar strength must put it on the radar of equity funds.

Spot on meoryou.
24.08.21, 7,200,000 shares repurchased at an average of £2.979187
24.08.22, 10,542,996 shares repurchased at an average of £4.569779

With the share price at a yearly high today, I guess we'll be saying goodbye to all the whiners, whingers and moaners, who couldn't wait to see the back of BP. Unless the fear/greed coin flips, and they continue to regale us with their presence.

Is that bigamy or polyandry. Surprised you've got the time or energy to post here.

JTD, this company can do no wrong in your eyes. The market disagrees, for this shareholder it does not feel like a win-win situation.

Mondi has announced the sale of its Russian business and will return the money raised to shareholders.

Are you suggesting the job interview was held on the FPSO Montara, where Mr Corbett then proceeded to sabotage the vessel. You need to upgrade your care program.

I always thought the oil price was the main determinant of BP's share price, but the average price for the buyback on July 14 was £3.668, when Brent was over $102 a barrel. Today, with the dividend, the buyback was £4.325, with Brent at $99. Go figure

Smart move, following on from the successful purchase of Thornton's in 2021, which has seen a significant increase in the average basket size. The plan way down the road, is an IPO of its retail operations, something for BP shareholders in 2030 to look forward to.

Come on Tinker, BP's doing o.k. With Aviva, I'd have thought all would be tickety-boo in the Tinker household today. For this buyback, they seem to be spending just shy of £50m a day, which they should be able to manage all the way through to Oct 31, compared to the previous one where they spent £80m a day on shares before they went XD, and much lower amounts after.

BP sells the smallest of its three refineries in the US for $300m. Based in Toledo, Ohio, BP had a 50% stake in the plant with a 160,000 barrel capacity. Seems a giveaway price to me, in what I would have thought was a seller's market.

You didn't conduct the interview, so your not in a position to say.

First purchase today with the $3.5bn, 12 million bought at £4.064418.
A year ago BP began a $1.4bn buyback programme, purchasing on 03.08.21, 10.5 million shares at £3.029. Net debt was $32.7bn, today it's $22.8bn. If I had been offered that a year ago I would have bitten your hand off.

This 6 cent dividend will not be increasing for the next 12 months. I hope that doesn't mean your going to be on here for the next year continually whining and whingeing. If your unhappy, sell your shares, don't inflict your pettiness on other forum users.

These results confirm the annual dividend payment of $4.4bn is set in stone until 2025. The payout dependent on the number of shares in circulation. The buyback announced is a 40% increase on the previous one. There will continue to be daily frustrations, but the combination of debt repayments and buybacks make BP an attractive investment.

The average trading performance at Shell in Q2 carried over to BP. I make it about $1.5bn lower. Net debt reduced $4.7bn in 3 months and $9.9bn in 12 months. The dividend increase is no change in policy, just the result in the buybacks that have happened and the $3.5bn coming up this quarter. BP is indeed a cash machine, but keep it among yourselves.