Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Https://www.cstoredive.com/news/bp-growth-plans-global-c-store/710507/
Redbluerhino
Think some shareholders may agree with the board ,but realise that if BP roll back on their commitments,that they will gain financially.
So they see it as a Win,Win situation.
Personally I believe if we keep making changes to strategy it makes it much harder to tell what is actually working,and what is not
That’s another major dent in the share overhang.
Other than the big 2, the other major shareholders appear to be 2% or less.
In my view it’s positive that Hln felt able to take part and buy back some as well.
It’s not the end of the share overhang,but think we are being showed it’s not a major problem,except to keep a lid on maximum sp.
It’s going to be interesting what happens to sp as the overhang shrinks away
1)
“Almost all of BP’s biggest shareholders are unhappy with its shift to green energy, an activist investor has claimed, amid a growing backlash over the oil giant’s focus on net zero targets.”
2)
“A BP spokesman said: “We do not recognise the assertions Bluebell has made. In recent weeks and months, we have engaged extensively right across our shareholder base internationally, including with our largest shareholders.
“We have heard clear and widespread support for BP’s strategy and our focus on delivery. Throughout this engagement, we have not heard support for Bluebell’s proposals.”
Somehow both statements cannot be true.
I think currently there is a wide range of views within BP shareholders, but would have thought it very easy to find out what the larger ones think.
2024 utility-scale solar projects in progress
https://lightsourcebp.com/news/2024-utility-scale-solar-projects-in-progress/
Contains a short video of there projects ongoing this year
Particularly like
“ Commodity analysts at Standard Chartered have conducted a survey on 44 oil and gas companies and found that hedging activity remains low, a sign that producers believe prices are headed higher.”
Https://oilprice.com/Energy/Crude-Oil/Bullish-Oil-Gas-Producers-Remain-Under-hedged.html
Https://deal.town/bp/bp-sustainability-report-2023-FKJST2AXN4
So far Putin has resisted the urge to do anything with BPs share of Rosneft.
By all accounts the relationship between Rosneft and BP at board level was still ok, with them accepting it was political and not a business decision.
Putin can change his mind however if Western governments start to touch frozen Russian assets
Morning Spights
It’s been very quiet here recently,almost like we are talking to ourself.
I realise it’s hard to be excited about BP right now.
But it’s always good to hear your positivity.
I and certain one day your positivity will be rewarded.
It’s just a case of how long we have to wait.
Gingy when we finally get revalued if you believe the 50% undervalue reports,even £6.40 seems easy( but in reality £5 first would be nice).
Although the very firm current oil price with apparently very good fundamentals does not appear to be translating into a real rise in sp.
Earnings should continue to be very firm.
We are near the end of another good quarter,will oil mainly above $80.
That is laying good foundations for the next time we finally see the “mythical “ £5.
Onwards and Upwards
Https://stocknews.com/news/bp-eqnr-am-accelerate-your-returns-with-3-lucrative-gas-stocks/
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 6 March and 8 March 2024 (£1 = US$1.27718). Accordingly, the amount of sterling dividend payable in cash on 28 March 2024 will be:
5.6922 pence per share.
Https://www.bp.com/en_gb/united-kingdom/home/where-we-operate/reimagining-teesside/our-projects.html