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Painful to watch. I keep wondering if with responsible guidelines and behaviour the economy would be in a different place today.
On the train this morning a guy was talking on the phone on loud speaker (surely he and his miss are deaf) feet on the seat and without a face covering,all geared up in Gucci,Versace and all. Came really close to hammer the cell phone down his throat with a 2 inch metal pipe then I realised I was badly reacting to the SP down fall.it will go up eventually....
Costas
Some of us are long term holders and pre covid investors. Similar averages I guess....
This share is a dividend share and not a get rich quick scheme, the DNA is good and the race is a lifetime long. Forget your shares and let them run.
You are a slap in the face. Bold comment of yours almost as pretentious as the article. Desperate article from a mediocre journalist.
We already know what's the story with Beyond Petroleum and the marketing campaign,these are different times and a different CEO why bringing that up when BP aims to be a different company 20 years later? By the way these are collateral damages that occurs when a company is not in line with his vision.
So, if we sell the assetts i.e some not profitable operations we are still accountable for the footprint on behalf of however is going to run the projects? Moreover should we just dispose of everything and write off in his insane mind?
Rosfnet is one of the dirtiest oil operations on the globe and we own a small stake, how about saying that we will bring our knowhow to clean up things a bit? Another fine example of how our net zero carbon emission policy it's not understood but manipulated to seek attention.
Rubbish
Lol BigB
Usually after the third line I have an identity crisis, "retrace" right after and think I need to learn.
In shame and sense of inedeguacy I go back and review balance sheet numbers and deals on the pipeline.
Mantra . "So we're going to be funnelling capital into low margin, low carbon projects just at the point oil is rising from the trough of the cycle."
We will still have our stakes in Rosfnet and high margin projects lalalalala our cost per barrel will be super competitive
lalalalal we will make more money with efficient ops lalalalala we are not tree hugging lunatics lalalal renewables business is to offset the carbon footprint lalalala while still making profits laalalal
"Rather than invest capital into renewables why doesn't BP increase returns to shareholders and let them decide what to do with the money? "
Brilliant idea !! No seriously
Good post TMT.
I also have share bought way back before CV19. And I understand your frustration however the underlying cracks of the industry were already there for everyone to see . Are you not worried that the Oil prices are litterally decided and manipulated by few countries in a rigged game? The narrative here is not that we are turning into a fancy renewable company but rather an oil company that has super efficient and profitable extraction operations the "Ferrari" of the oil supermajors. We haven't sold our stakes in Rosfnet, or our deep water ops ;) The money saved on unprofitable cash sucking projects ( Canada etc.) re invested to achieve net carbon zero. Once again please see how this work because I have a feeling that some of the fellow BP posters think that in order to achive that we have to stop pulling oil from the ground.
Lastly and in regards of been off guard on Looney's sudden steering, the vision and mission have always been there ( past decade and over) what has changed now is that finally a BP CEO decided to be true to the values. Ever wonder why the logo? We no longer make bold claims to please the public, we win people over with actions. As long as BP is in business I will buy BP only and I am sure many millions feel the same
..And I will always defend your right to do so.
Equally I will express my opinions on your polarised way of thinking. We haven't stop drilling oil yet you make it look like we are some fancy renewable energy company ( you are clearly confused on the net zero carbon emission concept), we are selling assetts that will not hold value for us in the foreseeable future yet you make it look like we are selling the silverware ( once again! BP it's not the Saudis Kingdom we don't have crude sitting underneath our HQ).
Go with Chevron or Exxon this company no longer share your vision.
Happyinvestor,
The question has been addressed many times yet you still seem not to even consider to hit the pause button and try to review topics with a different pair of specs. You went on marking threes by calling people who are concerned about the environment for our future generations " three hugger" then one of your compadres went on saying he was an "old school oiler" and was furious with Looney because the timid raise in crude prices were not reflected directly on BP share price, made some silly reasoning sold BP and went all in on IAG.
You belong in the past, I will put it politely BP it's not for you.
"Fossil v renewableSat 09:30
The bit that puzzles me is that if it's going to sell off 17.5 bn of assets deemed economically unviable - which numpty is going to buy em."
Plenty of buyers trust me. As a starter all the ones skeptical and in denial of the new transition and status quo. As I stated many times before if all the majors are running the same game plan there is a well solid reason for that. So stop making it look like Looney is the village idiot, it's not him,he is running a multi billion company " Daft CEO" LOL, check your achievements gents you will not get there in million years. 2020 and still reading the"fool tips" and thinking a drilling hole out in Angola will make BP profitable? Good luck.
"The Randox scandal appears to have been quickly swept under the carpet when ..."
The problem ST is that Randox was able to provide something that resembled a test, where the newly founded future elite dagnostics pool of companies were not able to pull anything out and with them the Avactas the GDR & co. All coming out with random statement about design freeze and manufactured unicorns ( The last two point only if you have been "lucky" enough to hold Avacta, GDR and ODX were silent for almost two months.
I will probably have better odds of making a profit now if I put a tenner on Lyon to win the champions League.
Anyhow who sold BP to buy IAG is not laughing either....Good Lord what a mess.
Anyhow who sold BP to buy IAG is not laughing either....Good Lord what a mess.
Anyhow who sold BP to buy IAG is not laughing either....
Mine as well. Got also some unpleasant explaining to do It's probaly easier if I tell my sweet half that I cheated on her.
RE: Price heading towards £2.50Wed 16:07
"Total over Exxon for me"
Care to elaborate?
Sorry TT had few very busy days and forgot to reply. To keep it simple the French group has more upside than the powerhouse Exxon,It offers more value and is less polarised on crude.
Finally a good crafted RNS . Well done Mr King.
Easy
Total over Exxon for me
"Does that mean they haven't even applied yet?"
This is what we have been trying to find out in the last couple of days. And it seems that the company and PR are super secretive about it, vague?
@Phil
"TB, don't forget that GDR and ODX have the same PR company! So perhaps it's down to the lack of anything significant to report rather than the PR that is causing the dearth of announcements"
Please review ODX PR incidents. If you are implying that PR was good for ODX..
Italy is a fantasy like the US so to have some clarity