Member Info for meoryou

Charlie
If you read the earnings call transcript.
They are still doing wind ( particularly for Hydrogen and E-car charging)
BP Lightsource does it’s own funding so will continue.
The big move is spending at top end of CapEx budget and more on oil.
And no longer a 40% reduction in oil.
The green stuff will still happen,where BP has an advantage or can make good returns.
It’s no longer doing green just because it’s green
I would say we have turned into an oil company that does green stuff.
Instead of an oil company who’s only aim was to turn green
In some ways they just dipped a toe in a lot of ponds to see what worked and are now targeting the best ones.

Morning Spights and all
BP sp never does what you expect ( always bumps on the way).
Hope for some buybacks today to put a floor under sp

Agreed Spights and even the most positive of us never expected it to be soo good.
Trouble is we are human now we want it again this week .
Even thought it would actually be good news just to hold this level till the next buybacks kick in for a push on £6

And we produce the energy just when they want it.
With almost zero hiccups

Jakers
The BBC has unusual ideas about how you do not offer bias.
Eg if you are having a debate about something and 0.1% of people believe something unusual about it they need represented.
Even though there may only be 4 people debating.
Thus the 0.1% get 25% representation which just give the “ nutters “ a voice.
Minorities may need to be listened to, but no one would invite a “ flat earthen” onto a real debate, but they are still out there.
Hopefully the BBC can now pick a new cause and slowly we can educate the public about the real energy world instead of the one the media want to exist.

Happy was just going to post this, then found you beat me by 4 hrs.
It’s actually a fairly balanced report.
Unlike a lot of recent BBC ( and others ) reports on oil companies.
Maybe finally things have turned a corner,and we are no longer no one loves BP.
Even the shareholders are a bit happier with Bernard now.

https://finance.yahoo.com/news/bp-p-l-c-nyse-192452863.html

Always worth a read

Morning Jakers
It’s certainly been a Golden week.
Great set of results.
Good forward looking statement, and better strategy for the next few years.
And a higher div.

Theaky I am glad you are back Into a break even area for sp.
Hopefully now BP stands for
Be Prosperous ( at least for us shareholders).

Billybigwig
BP have in the last week raised their earning estimate for 2025 by 25%.
They have also raised their expected oil price up 2030 from $60 to $70
They also up to 2030 are spending $8 billion more on oil cap ex.
This may have made a big difference to future sp

Title. Big Oil’s Big Paradox: Record Profits, Low Stock Valuations

BP expects its strategy shift to boost results considerably; it has raised its forecast for core 2025 earnings by 25%, in part based on an assumption of pricier petro. BP raised its oil-price forecast to $70 from $60 through 2030 because it expects Russia’s production to fall over time, and because output from U.S. shale is growing slowly and the Organization of the Petroleum Exporting Countries increasingly is willing to step in when prices slip. (On Friday, Russia announced that it will cut daily output by 500,000 barrels, starting next month, in response to Western price caps on its crude.)

Nightpusher
I think history will say that the country which did best out of the war was probably US.
Their main foe has been seriously weakened and the are selling record amounts of gas etc to Eu.
China and India will also benefit short term due to very cheap crude.
I think the next 2 month will be critical for Ukraine.
Who gets it right will decides the next part.
But you are very correct a strange war indeed.

Hi Peter
Zac baled earlier in week at £5.18.
The thing I do like about our higher sp ( apart from the obvious) is that when you get say 5% increase in sp it’s starting to be a significantly larger Increase ( than when sp was £4 something).
Also we are now miles away from the dreaded £4.
For the first time in years I believe we are getting closer to the real value of BP.
I still believe there is more than £1 to go up.
Just not sure how soon that will happen

Just in case anyone did not notice

https://oilprice.com/Latest-Energy-News/World-News/BP-Shares-Have-Jumped-Nearly-20-This-Week.html

Jakers I always wondered if Y 11 was his school year.
Maybe he is back at school

BP sp today up. 3.5%
5 days. Up 15.6%
1 month. Up 18.9%
1 year. Up 37.5%
5 year. Up 19.3% ( almost up a £1)

Very good question Pang
As I would be absolutely hammered.
I await a knowledgeable persons answer.

Charlie
It’s truly amazing what has finally happened.
Thanks for update on buybacks.

Grandadtom we only own 15.9% now ( from their own website)
Although several sites still say nearly 30%.
But still very good news.
Think they do a very good job( and punch way above their size).