Member Info for meoryou

It’s more than a month old but a lot of info in it

Https://www.argusmedia.com/en/news-and-insights/latest-market-news/2684590-bp-returns-to-production-growth

Sterling dividends payable in cash will be converted from US dollars at an average of the market exchange rate over the three dealing days between 4 June and 6 June 2025 (£1 = US$1.35610). Accordingly, the amount of sterling dividend payable in cash on 27 June 2025 will be:

5.8993 pence per share.

But thought I would share since it’s about buybacks

“ the buyback broker is not normally paid for the service. Usually they make their money by trading on their own behalf, knowing in advance the trades they will be making for the buyback. If they don’t see an opportunity to make money themselves then they may wait for more favourable conditions.”

Meanwhile, BP’s $20 billion divestment program faces challenges. The biggest single potential asset disposal — lubricants unit Castrol — has “a limited universe of potential buyers,” Moelis Managing Director Ali Hassen said. “So it’s not a done deal, even if they run a process that is pretty competitive.”

If BP were to try to sell its portfolio of high-quality oil assets in the US, there would be lots of interest, but a deal on that scale could raise questions about the future of the rest of the company, Moelis Managing Director Muhammad Laghari said.

“The bar is going to be very high on separation, because then the question is going to be: What’s left over?” Laghari said.

Haifa

I was trying to be diplomatic with my ending.

I’m pretty sure if the BOD had reacted at least one year earlier we would be in a much better position.

So they are still being rewarded for getting it very wrong.

Hopefully the correct decisions are now being taken, but I still remain to be convinced.

Invstrat

I believe some of the reasons for the employee share scheme being much larger than normal,is that at the time of the award 2020 the employees were given more because at the same time there was a pay freeze and no normal pay rise.

This was due to the negative oil prices at that time.

I believe most of the employees are doing their best to get us out of the sorry position BP is currently in.

( but as a former employee I would say that)

Joke at BP Grangemouth at that time was.

How many people work here

Answer about half of them.( unfortunately the current answer is very few since it’s now shutting)

No doubt the board are doing their best also, but very very much understand that it’s not a good look for them to get any extra reward while sp and company are so low.

“I'm not supportive of large handouts to directors, but BP will need shares for employee reward schemes. And BP has cancelled a shedload of shares in recent years.”

The lower sp does mean the employee reward schemes probably have cost less to supply with shares,so at least that is a small win ( possibly 30% or more) going forward.

And I hope for a pop in sp when the schemes have all been vested and a lump of shares then get cancelled from Treasury

The debt levels were not really a problem,when the oil price and sp were higher.

The market has changed and now sees the high debt as a problem.

Management took to long to identify that this had changed.

But also the BP Bunge and Lightsource BP deals are what have temporarily made things worse.

Maagement knew both business models and believed it was a price worth paying..

The market currently not supportive of this narrative .

Next set of results now need to show something has changed for the better.

Would add that we did the BP Bunge deal partly because the figures looked good, but mainly because it allowed BP to pull out of several other renewables as BP Bunge output could replace them .

This helped CapEx to be cut ( effectively moving it to the crude side of the business)

Https://www.openpr.com/news/4055166/biofuels-market-fueled-by-clean-energy-push-major-investments

ExxonMobil, BP, Shell, Chevron, and TotalEnergies have announced 43 biofuel projects by 2030, collectively aiming for an annual capacity of 286,000 bpd. This initiative includes acquisitions: BP's purchase of Bunge Bioenergia and Chevron's acquisition of Renewable Energy Group

Https://www.reuters.com/markets/europe/bp-needs-scrap-its-big-oil-mentality-its-buybacks-bousso-2025-06-03/

Game player

The market has decided to value all oil companies on Free Cash Flow.

Unfortunately for BP currently that’s as bad a valuation tool as you can get.

However by the posts below management have taken actions to self help.

They keeps saying oil price has lower to go so you may be correct.

But the world just now had lots of reasons oil could jump,or plummet.

I’m in heavily here ,but sitting on a bit of cash,trying very hard not to push the buy button.

Good luck with your investments

You are of course correct.

Sometimes a minutes research would work wonders

Hi Jakers

I see it as a start in defining how BP gets discussed.

Right now all the headlines describe us as a basket case,with a useless board.

We may tend to agree,but it’s time the board talked BP up.

I like WP’s post earlier as there is good news out there.

But it is still hard to find it.

Even for someone like me who actively looks for it.

Linda from Barclays does paint a good future,if we survive the next 6-12 months.

I would like the BP board to actually take charge.

I would like them to employ someone to make up a potential sale list of all our large projects with prices at $60 oil and $80 dollar oil.

That’s things like BPx energy,Azerbaijan,US Gulf ,etc

Not necessarily with any view to selling ( although we don’t need to tell anyone that).

But to actually show what the sum of the parts for BP actually looks like.

Then I would have someone accidentally leak this information.

I’m sure the top 10. assets represent a huge % of the current BP market cap.

But actually start to control the narrative.

There are so many ways to value an oil company,currently the way BP is being valued is the one that does BP least favours.

The market has a right to pick how it values BP,but it’s not BP managements job to just accept that.

BP used to cancel shares,they have dropped the share count massively.

Currently they are not.

I believe this is largely due to the award of shares to staff,which can be vested over the next year or so.

They have no idea of the take up of these shares, as the price now means some may not take up their award.

If you have this award in a sharesave scheme,there is a sp above which you are in profit.

I imagine for many current sp is close to that number.

So many if cash is tight May decide it’s better to spend on a holiday or new car.

If sp is high enough and you are in profit..

You take the award sell,and then do the above.

UK-headquartered energy giant BP has revealed final investment decisions for multiple projects, including the next phase of development for a giant natural gas field in the Caspian Sea, described as one of the world’s largest gas-condensate fields and the company’s largest gas discovery

Thanks to a series of agreements that will expand its oil and gas interests in Azerbaijan, the UK player expects to unlock growth and additional production while deepening its partnership with the country and its oil company, SOCAR.

These deals entail the final investment decisions for the next major phase of development of the Shah Deniz gas field, known as Shah Deniz Compression, alongside two projects that cover terminal electrification and solar power to enable operational emissions reduction.

Gordon Birrell, BP’s EVP Production & Operations, commented: “The next phase of development for Shah Deniz – a truly world-class gas field – will access additional resources, extend production and support continued delivery of important gas supplies to European customers.

“Innovative linked electrification and solar projects will support lower operational emissions in Azerbaijan while freeing up fuel gas for export. And we look forward to working with SOCAR and TPAO to progress exploration for further opportunities.”

The $2.9 billion Shah Deniz Compression, which is one of the UK firm’s eight to ten major projects expected to start up between 2028 and 2030, is expected to contribute to growing the company’s global upstream production to 2.3-2.5 mmboed by 2030, with the capacity to increase further to 2035.

Https://www.marinetechnologynews.com/news/autonomous-drones-start-service-649440

Should not go if no bids over $10 billion.

We don’t have to give it away

Yup Baz never thought we would celebrate £4 all over again ( hopefully)