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Https://www.cityam.com/oil-majors-recap-how-is-2024-treating-shell-bp-exxon-and-chevron/
Woke up this morning to discover had just received my envelope with the details of this years matching employee share scheme.
It was about 2 minutes before I realised it was a dream,as I have not been a BP employee for many years.
Maybe that’s the part of BP I miss most
Https://www.calendarlabs.com/lse-market-holidays-2024/
Nb closed Good Friday and Easter Monday
( but bet you all already knew that)
25 years of ISAs: what we have learned
https://www.fidelity.co.uk/markets-insights/personal-finance/personal-finance/25-years-of-isas-what-we-have-learned/
WP
agreed
The longer the market undervalues BP the bigger the mistake they will have to correct.
With buybacks this error is being magnified.
If the disconnect between real value and sp gets too big.
Someone will find it too big a bargain to miss.
Meanwhile the fundamentals will continue to improve
Https://www.bp.com/en_gb/united-kingdom/home/news/press-releases/easter-egg-stravaganza.html
But
“Meanwhile, gasoline inventories fell this week by 4.437 million barrels after falling by 1.574 million barrels in the week prior. As of last week, gasoline inventories were about 2% below the five-year average for this time of year, according to the latest EIA data.”
So demand still there.
Would only start to worry if next week was similar big crude build.
Figures have been all over the place for months
Https://www.bp.com/en_us/united-states/home/who-we-are/us-impact-report.html
LTI
“I will not be selling a single share in the very near future let alone in the next few days.”
Just curious is that sentiment based on interest rates probably peaked, and economy improving,leading to oil price possibly creeping up.
Or is it purely a bet on BP( or something else entirely)
I do agree with the sentiment
Gingy
They used to say that to get sanctioned by the board you needed to be able to prove that you could get a return on capital of at least 16%.
These figures are well,out of date,so do not know if it’s still the case.
Several renewable types ( solar, ev charging) the board say give similar returns to that.
The board also say they can add 4% to that by trading.
Personally think the main threat with renewables is if subsidies drop.
Except US offshore wind which is to be avoided for now