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So Looney recently said about the trading arm "that’s where the magic comes in".
So show us in q3

Hopefully gas holds at these levels for the next few months. That would be nice.

https://www.bp.com/en_us/united-states/home/news/storm-center.html

10 Year is rising, which I believe will be good for sector rotation.

Sorry to see you go.

Goodbye Gavster-NBC and goodluck

vs. Q2

The gas element is around $900m additional profit at a projected average of $4

BP EPS should be up 75% ish from Q2

Also the customers and products segement is yet to recover, At Q2 it was at 25% of 2019.

By my calculations Q3 is looking very good and 2021 will be the best results for the last 10 years.

Hi Markgo,

all of what you say could be true. Its really about the price of gas and of course oil. So far this year it has been good. 2022 and beyond who knows like any commodity. Iron ore is down 30% but this has been on the back of a 300% rise.

Keep well

Does anyone have any updates? This must be affecting the business, positively or negatively or both.

Actually I think the 2M b is Boe/d, so oil and & gas.

I thought I saw around 2m barrels per day. I wasnt sure if that was oil or oil & gas.

My advice is don’t invest in a company if you are not convinced

If you go back 12 months they seem to have issue about $500m worth of shares

TinkerT,

Looney refered to $1B buy back per quarter aiming for around 4%.

If only we could see the future....

Ed,

financials, energy, industrials and materials are positively correlated with rising interest rates. Have a look at what the rising nominal yield in Q1 2021 did to energy.
If the rise is orderly, I think we get sector rotation and the market stays where it is. If it is disorderly, I think everything goes down.

Just my opinion.

You too