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I would think 255 stood a chance though good results over successive quarters should see us back near 300. Famous last…

Resurgent passenger demand has delivered very strong H1 revenue; and operational leverage, disciplined cost control and pricing power has enabled us to convert this to strong profitability and free cash flow. Surely straight back to the mid 200s?!!

https://www.energyintel.com/0000017f-22f8-d289-afff-e7fbd43c0000

That’s most of BP’s proven oil and most of its proven gas reserves. One-third of BP's production in Q4 2021. Well done anyone who kept some cash aside.

It’s notoriously hard to predict commodity prices. Iran could come back on stream, OPEC and shale edge up, and rate hikes ruin the party. Re. other recent posts, if you strip out BP’s Rosneft holding it is not a linear 1:1 correlation with profits or share price. It would be a multiple of this. A full embargo or expropriation of Rosneft is, ofc, extremely unlikely but 350 SP or lower is entirely possible near term — as is 450 if our leaders come to their senses. It’s a trader’s market ATM. IMHO DYOR etc.