Member Info for meoryou

New total number of voting rights (including treasury shares):

19,054,630,313
See RNS today for more info

Tinker
Strangely enough in these unusual days with volatility being so high.
These bad down days are usually only about a week away from a nice up day.
But each one feels like the end of the good times

https://renews.biz/82685/bp-hydrogen-project-to-receive-dutch-grant/

Gertfrobe
Including perhaps at least one of the CWU union users names?

Hi Jakers
Think Tinker and this board have been developing a nice sense of humour over the last year.
It doesn’t appear to please all.
But I would rather come on and see post that makes you groan than no posts.
Someone on the Shell board was complaining just the other week that they used to have great board,but now few posts.
And occasionally we even get a post about BP

Hi Harmonica
Think China is currently suffering from cracking down so hard on covid,that little natural immunity built up.
Also their vaccines appear to be partly a problem.
Chinese air travel appears to have jumped right up till the Chinese New Year ,which is sure to not help the covid situation.
That seems to say we are really looking for a seasonal effect to really help in China, and that is at least several months away.
Suspect China has some bad days ahead.
All just my opinion

Attys' Deadline Miss Ends BP Oil Spill Case, 11th Circ. Affirms
The Eleventh Circuit has upheld a ruling shuttering a Florida resident's suit against BP that claims he developed cancer from the Deepwater Horizon oil spill cleanup, after his attorneys failed to...
The rest is behind a paywall.
But just shows Americans still trying to get money from BP even after all these years.

Morning Spights and all the above
Have just been looking at buyback volume for last couple of days before Christmas 2021.
Buyback volumes are similar this year so far and suggest 6 million shares today and tomorrow.
Also was looking back to see this if Mythical thing the Santa Rally had any basis or was just a reporting media thing.
It does show up most years if you really look but sometimes it’s very small.
So far this year it’s the tiny rally from £4.554 which is only 15p but still a little time

BP p.l.c. (the "Company") announces that on 20 December 2022 it has purchased, in accordance with the authority granted by shareholders at the 2022 Annual General Meeting of the Company, a total of 6,764,692 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): 470.75
Lowest price paid per Share (pence): 461.60
Volume weighted average price paid per Share (pence): 468.1547

LTI
That does make sense I was only thinking of that years scheme and had not considered the save schemes over 5 years.
My way sounded simpler because it had not thought through everything.
Thanks for you input

LTI
What you say is true.
But it would seem so much simpler to just say in advance the next buyback is going to buy shares to be used in employee share scheme with any surplus cancelled.

Pang
I am guessing there must be some advantage to doing it,maybe from an accounting angle.
But like you I do struggle to see the sense in it

Think last time they did this we got an extra buyback to cover these additional shares

BP p.l.c. announces that on 22 December 2022 it will issue and allot 54,999,996 ordinary shares with a par value of US$0.25 each ("Shares") in connection with distributions to participants in certain of its employee share schemes. The issuance of the new Shares is subject to an application for the admission of those shares to the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange plc ("Admission"). It is expected that Admission will occur on 22 December 2022.

These new Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing Shares in BP p.l.c., including the right to receive dividends and other distributions declared, made or paid on or in respect of such Shares after the date of issue.

Morning Spights and all the above.
Think we have found out that $3 billion is the sweet spot for buybacks to propel the sp upwards $2.5 billion not quite enough.
Santa needs to spend some more for our rally
But it does show how far we have come that we are above £4.50 and disappointed.
Onward and Upwards

BP p.l.c. (the "Company") announces that on 19 December 2022 it has purchased, in accordance with the authority granted by shareholders at the 2022 Annual General Meeting of the Company, a total of 8,842,198 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): 470.20
Lowest price paid per Share (pence): 459.95
Volume weighted average price paid per Share (pence): 467.7678

https://fuelcellsworks.com/news/india-h2-alliance-expands-membership-base-by-adding-6-entities/

https://www.oedigital.com/news/501682-oil-firms-take-four-out-of-11-offshore-blocks-on-offer-in-brazil-s-bidding-round

It’s from the fool but it sounds positive on renewables and 2030 is really only 7 years away so should start to see some signs of the start of these earning over next couple of years

Long-term prospects

BP is also at the forefront of the energy transition. By 2025, nearly half of the group’s $15bn capital expenditure budget will be channelled into renewable and green energy.

And according to analysts, by 2030, the new green arm of the business could generate as much as $9bn-$10bn in underlying cash profits.

This is important because, as an oil company, BP is a cyclical stock. When demand for oil is strong, the business does well, but when demand wanes, the business struggles. The movement into the green energy market could offer some protection from these fluctuations.

There is, of course, the argument that the green business could prove less profitable and that it’s less tested as a business model. However, I disagree. And new technologies are only making green energy cheaper.

https://www.energyvoice.com/markets/470188/activist-investors-climate-big-oil/