Member Info for meoryou

29 Apr 2025 Results First quarter results and dividend Announced

15 May 2025 Ex-dividend(ordinary shares)First quarter

27 Jun 2025 Dividend First quarter payment date

https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/investors/bp-financial-calendar-2025.pdf

“ On the downstream business and the transition businesses, it’s about making sure they can compete on their own. That’s why we’re setting return thresholds for bio gas, biofuels and EV that match what we do in the upstream, so it’s very returns focused. The parts of transition that have a hard time competing, you move to off balance sheet basically. You keep them because you need the electron flow.

If you think about what we really are, we’re an oil and gas company, we’re an integrated downstream position, we’re a big [energy] trading company. For that trading company to thrive and grow in the future, it needs those electrons that customers are demanding so much. You can buy some from other people, but you need your own as well. That’s how we found the balance. And, you know, support from shareholders has been very strong.”

I like it being returns focused,but wonder why as boss of a large company,you would ever be anything other than returns focused.

My thought on ex div is simple why would stock drop often by div amount when going exdiv,if that was not the point you did not get div.

Otherwise you can imagine a situation of a buyer and seller during that couple of days where one party can get div and not experience exdiv drop,the other party gets no div,but still experiences ex div drop.

But those are just my thoughts.

America owes the rest of the world a large sum in American debt.

That same rest of the world is getting a bit annoyed with Trump.

Who will be first to declare they are selling off US bonds etc.

Someone will decide it’s the perfect retaliation

BP p.l.c. (the "Company") announces that on 04 April 2025 it has purchased, in accordance with the authority granted by shareholders at the 2024 Annual General Meeting of the Company, a total of 7,750,000 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 11 February 2025 (the "Programme") and as detailed below:

Just been looking at a range of sp charts.( right out to a year)

The last few days look truly brutal.

It’s official Trump is more deadly to our sp,than all our directors and CEO combined .

I wonder what the US rig count will be like by the end of April.

This must have an effect there.

Just imagine if they actually got the one right and get a new chairman who is confident,connected,from the oil industry,possibly American,and has good ideas.( and is possible future CEO material).

And understands how to do the PR.

We saw the after Looney bounce.

We could expect even more .

If only they could get it right.

My vote would be someone ex Shell…..

Oil companies are meant to be “ALL” about planning ahead.

Oil companies that don’t plan for the future.

Don’t have a future.

Once again BP shows itself lacking.

And to have no sense that time is short and their time frame is NOW!

Jakers

I am hoping this time is different,simply because of Elliot.

Since he had achieved one of his goals,he will now be hungry for more.

Even our board cannot continue to be blind to the fact market has 100% turned against them

The market might just start to like this,assuming a real candidate appears.

Not expecting anything until the board show they are serious this time.

Hope Elliot has some involvement as apparently he is well connected in the oil patch

“Still, this isn’t full-blown panic. OPEC+ reminded everyone that these hikes are subject to change, with the usual backdoor option to pause or reverse if the market sours. They also committed to offset any overproduction since January and will reconvene on May 5 to talk June levels.

Crude oil prices are getting smacked around today, but given the market’s hair-trigger temperament lately, this may just be a temporary case of geopolitical whiplash rather than a full-blown reversal.“

Or maybe this time it’s for real.

We wait and watch

I’m assuming that BP’s big drop is related to the WTI oil price being down almost 8%.

Oil has dropped because of concern that Trump may push first US ,then rest of World into major recession.

Lower prices,will probably translate into less crude production,so partly will self correct( with maybe a little help from OPEC).

Or maybe with Trump and Iran,or Russia,if he gets annoyed.

Volatility is now the new normal.

12 th April last year sp was only £5.39.

That’s a lot of shareholders Destruction.

But today’s buybacks will be 25% cheaper.

Or to put it another way the same cash now is buying 25% more shares.

I’m sure it’s not something that will please many.

Would add I do not really see why anything Trump has done should affect BP more than other oil companies but that it definitely the market view currently.

Https://www.bp.com/en/global/corporate/investors/upstream-major-projects.html

Https://www.offshore-energy.biz/bps-fourth-subsea-gas-project-is-a-go-as-new-discovery-springs-up-in-trinidad-and-tobago/

Https://www.journee-mondiale.com/en/bps-abandonment-of-renewables-costs-investors-millions-as-oil-returns-surge-32-in-one-quarter/

Was reading an article yesterday,which basically said.

Because for 3-5 years BP planned for an oil production drop.

Now when they want to up production uniquely among oil companies there is almost no pipeline of big projects coming online in next 18 months.

So it will take a while to really turn things around .

A bit like the often quoted example of taking time to turn a big oil tanker.

BP has spent the last 5 years mainly doing infill wells on current fields,so also the easy ones are mainly already done

But should we be at least a little excited

£1.78 on 12 th March

£2.14 today.

That’s 36 p in 3 weeks.

Only 8 weeks till I’m back in profit.

I know it’s a Fool item and also it’s April 1st ,but it does make a few good points about the Iraq deal having a huge potential.

Https://www.fool.co.uk/2025/04/01/with-bps-huge-iraq-oil-deal-formally-approved-will-its-share-price-soar/