Member Info for meoryou

Just maybe US will drive sp up to £5.18

Come on BP we need a new 52 week high for SP.
We need £5 something.

rjb92
I agree with your post, but would also add keeping shareholders happy as well as market.
Many have been desperate to get div back up and sp above their buy price

It’s what BBC stands for
Bash British Companies

Here looking in liking results.
No longer working to 40% reduction in crude by 2030 much softer 20-30% reduction now in place.
We are an oil company again.

The incremental investment to 2025 will target shorter-term, fast-payback projects that maximise value and can deliver rapidly, with minimal new infrastructure. While bp will continue to high-grade its global oil and gas portfolio, due to improving operational reliability and commerciality over the past four years it also now anticipates retaining some oil and gas assets longer than previously envisaged.

Bernard Looney: "We need continuing near-term investment into today's energy system - which depends on oil and gas - to meet today's demands and to make sure the transition is an orderly one. We have high-quality options throughout our portfolio, allowing us to choose only the best. We will prioritise projects where we can deliver quickly, at low cost, using our existing infrastructure, allowing us to minimise additional emissions and maximise both value and our contribution to energy security and affordability."

As a result of these changes, bp anticipates its oil and gas production will be around 2.3 million barrels of oil equivalent a day (mmboe/d) in 2025 and aims for it to be around 2.0 mmboe/d in 2030. This 2030 production would be around 25% lower than bp's production in 2019, excluding production from Rosneft, compared to bp's previous expectation of a reduction of around 40%. bp correspondingly now aims for a fall of 20% to 30% in emissions from the carbon in its oil and gas production(5) in 2030 compared to a 2019 baseline, lower than the previous aim of 35-40%.

From the first quarter of 2022, bp has no longer reported oil and gas production from Russia. With the removal of this Russian production, bp's full year average reported production in 2022 was around 40% lower than the total production bp reported in 2019.

Morning Spights and all
Hopefully we will all be happy with what they announce.
Onward and Upward to £5 and beyond

BP p.l.c. (the "Company") announces that on 3 February 2023 it has purchased, in accordance with the authority granted by shareholders at the 2022 Annual General Meeting of the Company, a total of 2,885,257 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 1 November 2022 (the "Programme") and as detailed below:
Highest price paid per Share (pence): 492.20
Lowest price paid per Share (pence): 478.65
Volume weighted average price paid per Share (pence): 484.9529

Jezzoo
Bernard pulls a rabbit out the hat tomorrow and big raise in div.
Sp totally misses out £5 and jumps straight to £6.
We all applaud him and the fact even the worst priced buybacks are at least £1 in profit.
Then my alarm goes off and it’s 06:50 and it was all a dream.
See what tomorrow really brings

From todays price I would be very disappointed if I won ( £4.82)
I would be delighted if Stockready won (£5.40)
As that would be one hell of a set of results.
Very hard to predict even now ( hopeful but would be amazed if we can get even a 15 p pop tomorrow).
So it’s really about todays close and maybe £5 for tomorrow close.
Would that be acceptable ( don’t know).
But nice big increase in div tomorrow and maybe even £5.40 is too low.
Set your alarms for 07:00 and see where we go.
Onward and Upward

BP p.l.c. (the "Company") announces that on 3 February 2023 it has purchased, in accordance with the authority granted by shareholders at the 2022 Annual General Meeting of the Company, a total of 2,885,257 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 1 November 2022 (the "Programme") and as detailed below:
Highest price paid per Share (pence): 492.20
Lowest price paid per Share (pence): 478.65
Volume weighted average price paid per Share (pence): 484.9529

Morning Spights Jakers and. all.
Finally we are less than 24 hrs from results.
Hope its a great set of results with a bold but sensible new direction going forward.
Would be very nice to see some move on div
And a close tomorrow over £5 ?

Zac
I agree currently hoping that Tuesdays new plan is all about making money.
We can leave saving the planet till next quarter

Zac
The rationale was that there are huge government subsidies for biodiesel worth a lot more than the biodiesel.
Personally I think with government subsidies the figures will stack up in the long run.
But government has a habit of suddenly changing directions and stopping or cutting subsidies.
Then the economics might be a bigger problem.

https://en.trend.az/business/energy/3705423.html

It all started as one little report.
The media keep repeating it, and it’s becoming more frequent.
It may turn into a self fulfilling prophecy.
I’m really not keen on an American take over.
But you would think it might help recognise real value for BP.
My personal opinion is at the level of earning sp would historically be at least £6.
A takeover premium should be considerably higher.

This one’s for Jakers( Current CO2 injection dated. 2006, think BP has recently sold this,but it gives good detail)
https://www.opec.org/opec_web/static_files_project/media/downloads/press_room/HaddadjiSonatrach_Algeria.pdf

BP already do carbon capture they have at least a couple of gas fields with high CO2.
The CO2 is stripped out and I think is re injected into a nearby oil field to maintain its pressure.( not absolutely certain on this part ,but think it’s correct)

Jakers.
If done properly into old oil wells which held gas ( or possibly oil ).
These fields safely held high pressure for possibly millions of years so it should be safe.
In the future new technology may allow these fields to be safely converted into something safe and useful ( what It would be I am not sure ,but when an opportunity to make money comes along humans are very inventive).
I am reasonably comfortable with big oil doing it, but less sure if just anyone can get a license.
I would hope it would be highly regulated ( eg not in earthquake zones)

Spights when I said a couple of weeks ago that any sp was possible I never ever expected the wild ride we have had since.
Even now I am not sure where the comp winners sp will be.