George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
What's the possibility of this becoming another "White Elephant"
Where's the McDonald's Lol.
It's a recipe for disaster 30 x 150KW chargers in close proximity. What happens in the event of a fire.
Rosneft is flying under the radar at the moment. Let's hope its full value can be realized for shareholders. It should be worth £1 + on the share price.
I doubt Putin would allow a sale at present. There is also the probability of asset confiscation. I doubt that would happen as the Russians need western technology and knowhow to exploit the huge untapped oil reserves.
Let's hope for good luck.
Current Dividend is covered x 3 earnings.
Dividend pre Looney 2020. 10.5 cents qtr.
Dividend post Looney 2023 7.27 Cents qtr
Looney Dividend still 30% lower than 2020.
Raise the Dividend Mr Looney you have the money.
During the pandemic when the BP share price dropped to circa £3 Looney announced his green strategy. The result was investors fled and the share price collapsed to a low of £1.90..
Long term shareholders saw there holdings devastated. Let's not forget Looney sold his shares above £5 before he announced his green strategy. His vision was a 5 year plan to build 25GW of power by 2025 at 10% profitability.
We must hold Mr Looney to his plans and judge him in 18 months. If he fails to deliver I for one would like his resignation
Cheers.
And some of our Renewables are even breaking even.
Meoryou, please speak with data. What do you mean "renewables breaking even"
So far Looney has spent Billions $$$ with nothing showing on the balance sheet so any additional info would be gratefully received.
Thankyou.
We haven't heard from Y11-shx for some time.
He certainly had a point that these shares are so volatile you could make more money trading than holding long term.
My finger was hovering over the sell button at £5.70 but takeover talk on this board seduced me to stay. If I had sold I could easily of made 20% plus trading.
I'm so heavy BP I need to get half off the table at pre Covid levels and into a safe haven.
Careful Meoryou, in the new world order if you don't fully agree with climate change your shareholding will be sacrificed, your bank account closed and you will be reduced to eating gruel.
Lol
MarkGo, Thankyou for the exellelent posts.
Hopefully looking forward to next results we can get a better understanding of were we are regarding all our green expenditure.
Along with a nice dividend increase and brighter skies approaching we can look forward to a substantial lift in the share price.
Cheers.
Zac, I'm another one kicking myself for not selling the lot at £5.70, but we can all the clever in hindsight. The truth is that when the share price hit its highest the talk was all about takeovers.
Remember that Rosneft on its own would be worth an extra £1 on the share price. So here's hoping something can be salvaged from the current situation and allow some value to return to shareholders.
Happyinvestor100,
I absolutely agree with what your saying. We have Shell and Exxon giving a pledge to the future, with increased oil & gas development.
We have absolute silence from Looney.
The thought of a Labour government fills me with Dred. I'm sure Milliband and all will try and hasten the demise of fossil fuels. The uncertainty will provide volatility and shareholders value destruction.
I too would like to see BP relocate to a more friendly environment, like Houston. That would inevitably see the back of Mr Looney.
This could be catastrophic for Ukraine.
Putin in all his insanity has refused to use tactical nukes. Would the Boss of the Wagner mercenaries be so restrained.
These developments could spiral out of control very quickly.
Gentlemen, Whatever you decide to do with your dividend I would suggest you do not reinvest in BP shares.
Looney does not deserve the loyalty of longstanding share holders.
Shell, Exxon have given firm statements from their CEO's as to their commitment to expanding oil and gas, thus securing future profitability.
Looney needs to follow suit with a full update asap.
Cheers.
Untill he gives us all an update
Is Looney stuck between a rock and a hard place.
Whilst Shell, Exxon have set a course for huge increases in oil production.
Looney however has employed dozens of green technology experts. These experts surely joined a company wedded to Net Zero.
These new employees would not favour a change in corporate direction.
Me, I would sack the lot of them and "drill baby drill"........Lol
Owldwodger,
I couldn't agree more. Looney has made some decisions that have cost BP a fortune, and thats not before opening his mouth with ill thought out statements like "we are a cash machine". His green initiative's are costing billions with nothing but a few "service stations" to show for it. His decision to cut 40% of oil production (reduced to 25%) whilst Shell and other have stated "drill baby, drill".
And yet his salary balloons to millions whilst shareholders suffer with poor leadership and bad returns.
The dividend is still 37% lower than pre-pandemic levels.
I for one, would certainly love to see Looney walk the Plank.
Cheers.
Another frustrating start to the day for BP share holders, down, down and down again.
Looney must surely release a statement to put some hope into the hearts of investors with the promise of increased fruits (dividends) going forward.
As it's been 3 years now since the start of Bernard's Green Strategy, don't we need to get 3 monthly updates on the spend/return of these initiatives.
How many Gigawatts were we supposed to produce by 2025, and where exactly are we now.
Cheers.