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For those of you who seem certain £10 is a pipe dream if tomorrow BP said the buyback was a mistake instead we will put it all in dividend ( and to be clear I do not expect that to happen) what do you think share price would jump to .
If it’s a 40/60 split it’s simple maths.
I have always said it’s years away,with everything going BPs way,and only possible. ( not impossible)

Buffa would you still be a seller at £5 if the yield increased with sp and stayed somewhere 4-5%
I probably would sell some at that price but only became I am way unbalanced with BP as 50% plus of my portfolio

First point I do not expect 10 a share in next 3 years.
However
If div just now is 4 p per quarter for £4 share we would expect £10 share to have div of 10 p per quarter or 40 p per year ( this sounds high ) a little look at div history says quarterly div Q4 2008 was 9.818 so that’s not impossible.
As sp increases div needs to increase to keep yield, there comes a point ( I have seen it in the past) when you are no longer sure if rising sp is driving rising div or rising div is driving rising sp.This happens when company continues to over perform.
My final point would be regarding Oil Spill payments.
Inflation appears to be eating into the value of the payments( the argument used to be made that you were paying with cheap money).
Also in 10 years BP suddenly will have 1 billion dollars a year extra to give to us shareholders.
So will sp get to £10 ,think it’s all about oil price and dividend and time scale.
I don’t think it’s impossible, and would say if oil prices stay high for more than 4 years it’s most definitely possible as we will be such a lean fit company.
All just my opinion, and oil price is main concern

Having read transcript of earnings call (available on seeking alpha)
It is really amazing how much detail they have put on their predictions of renewables earning growth.
If they are correct business will be a herd of cash cows not just one.
If oil price stays high they say may have problems hitting limit on how much shares they can physically buy daily (think that’s why they take advantage of busy days like yesterday).
They are really serious about lowering dept, mainly because of interest rate fears, although they have already cancelled any dept with higher rates.
Think they were a little soft on if they will really cut oil output as hard as previously stated, but that might just be my reading of the answer to a question.
They dont see any big deals but see lots of smaller ones up to 0.5 billion dollars
They say what I have been saying for a while it’s a totally different company
Personally I think it’s still a screaming buy and the longer oil price stays high the higher sp will go( think as sp goes higher div has to follow as they will want to keep yields similar but that is just my opinion)
Read the transcript yourself and make up your own opinion

Yes I think it’s a very cunning plan

BP starting to get message out that windfall tax negative for investment in oil and gas and renewables.
Also that BP plans to spend twice what it earn in Britain going forward.
Think it’s a planned strategy ,they have known this was coming.

Mark what I see from a very quick look is debt dropped over 21% in one fiscal year.
That is mega.
If you add the lower costs serving dept to lower cost of div with less shares,cost to run BP heading lower.

Sorry predictive text changed your name

Buffs
The new head of renewables will want to do a deal to show she is making a difference.
Think she arrives March.
So expecting something bigger than business as usual from her

Hi Mark if I was being honest I set a price target,then when it arrives want another 10-20p then if it arrives want another 10p cos it looks to be in an up trend.
It probably works about 50% of the time.
Don’t think I have been so keenly waiting on a set of results for years,think BP before covid and BP after covid are 2 different companies.( and the oil price helps)

Mat often the safest is to set a target price and at that point sell enough to leave your original value which now at higher sp is a lot less shares.
Not being greedy can mean taking the money and reinvesting in the wrong share.
We have all done that.
As for BP think only an external event or a disaster can stop this hitting £5 at some point
All just an opinion and you have to make your own decisions ,as even month to month target can change

Mark I am in favour of buyback,but think at some sp it’s not so effective and also a concern that BP buy high then at some time in future sp drops when buying stops.
Think maybe up to £5 is still very good ,but when we get higher think balance between div and buyback should change in favour of div.( but still do buybacks at lower level)
Right now at these prices it’s a no brainier

My first reaction to your post was 2040 my that’s a long long way.
Then suddenly realised that’s only 18:years. And that’s less than 50 p a year.
Sounds so doable
If only we knew

Guy you been caught
Y11 put £10:by the end of A month did not say when .

BPinvestor
It’s even faster than that its results then about 6 weeks to pay day
Then about 6 weeks to results again and somewhere in all this it goes ex div,lot to keep track of.
Think investing is hard enough ,without research it’s just gambling
Eg lately many shares have dropped by up to £1 on results day only to make it back up soon after.It’s easy to think this will always happen ,but sometimes the drop is actually telling you something.
Roll on Tuesday I’m still very upbeat

Bumble
I think in this day and age investors could help themselves by doing a little homework.
Think in BP case Financial Calendar and a look at earnings call ( or transcript ) would help a lot of people ,especially the newbies.
It’s so easy with google to find out all you need.
Not trying to lecture, but the same questions come up repeatedly.
People like Bumble try to help you help yourself,at times it is important to realise that for example share has dropped because it went ex div so dates are important.
Definitely not aimed at anyone,just hoping all can become more knowledgeable as knowledge is power

BP will hit £5 no doubt whatsoever.
I suspect that dividend policy will be what takes it over £5.
When there is a clear path to dividend being increased by at least 25% then we will hit £5.( that only div going from about 4p to 5 p)
May be too early this time but I would expect it within 12 months unless outside events change outlook

The BOD talk like people who know exactly what they want to do.
They have a plan,and with 90 dollar oil they must be feeling very confident.
If we could get a couple of years of oil at these prices just think how well BP would be then,with dept a lot lower,and share count up to 10% lower.

Gary can’t argue with anything you say.
Hopefully the renewables will arrive as a revenue stream before high oil price leads to more oil coming to market,and de risks BP at least partly from lower oil prices as does the retail arm.
I would say historically that even 18 months before a share split it was not obvious that sp would rise enough to allow a share split,so £10 might be unlikely but it’s not impossible.

Hi Jakers
Are you saying that every time we make a payment to the Oil Spill we automatically
decrease debt by same amount,as all payments are in accounts as a debt to be payed,or have I misunderstood?