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There it is - Elliot just want to turn bp into another Exxon/Chevron, sell off the fat that US Oilers wont be interested in to prep us for a sale to US oil.

This could turn very nasty and political - especially with the "pro-US/Anti globalisation" Trump adminstration

This years likely a high share count one-off due to the looney era re-invent plan that will start vesting soon:

https://www.offshore-energy.biz/bp-unveils-first-ever-employee-share-award-plan/

It'll be a shame if we let 100% of castrol go - great historic brand shilled due to short term investor wants on our debt position.

ADRs down 4%… back into the low £4s tomorrow

Maybe, but maybe not.

Wasted time trying to guess what’s going to happen next in this sorry saga. I’m letting it play out and not altering my portfolio apart from adding the usual monthly amounts.

The rosneft dividends are stuck in a russian bank account according to the press - Reeves can't touch them. She's talking about russian assets onshored in UK/EU

Happy - use this link archiver to access paywalled content- https://archive.ph/

Surprised to see the negative comments on here. This is pretty much bp getting back to being bp with small strategic bets and improving its existing downstream business.

Very clear from the video shown that oil and gas is back driving the company. Expect the analysts to come out encouraged by the announcement with comments questioning bp's ability to deliver given the last five years. Very bullish after this announcement (maybe not for my job in downstream) but SP-wise it should recieve the kick up the a$$ it needs.

Expect Elliots investment mandate for bp to drop in the next 2 weeks. This shall make for more interesting reading

Https://www.bp.com/en/global/corporate/news-and-insights/press-releases/growing-shareholder-value-a-reset-bp.html#10

Reduced buybacks in Q1, no change to dividend policy. more O&G. considerably less renewables investment. SP will dip due to change in distributions but longer term it sounds like logic is back in the room.

Unknowns:

The market has lost all trust in the board to make the right decisions

The extent of renewables and their capital intensity going forward

impact on dividend

impact on buyback

oil and gas production to 2030 - static or growth?

I did say a few weeks ago that the shareprice will trend sideways until the capital markets day. Save for elliot news which was unforseen it has done largely that.

Https://www.reuters.com/business/energy/bp-ditch-renewables-goals-return-focus-fossil-fuels-2025-02-24/

Thanks me or you i did not know this! I was in first year of undergrad in 2012!

If we do get anything back from Rosneft divi’s me thinks they’ll be chucked at the debt position to calm some of the equity analysts down.

The FT is pushing this whole story massively, 4/5 different articles saying the exact same thing over the last few days. Someones well connected into Elliot mgmt and pushing an agenda.

Where's the RNS then? something isnt adding up

Would it be different if they bought ADR shares? Different country = different investment regulations?

Agreeeeeeeeee

We’re still waiting for Elliot to confirm their stake and see their investor presentation for bp - don’t anticipate we’ll get it until after CMD

If a single bid is received then there’ll be intense competition from all over the world - Europe, China, Middle East and the US.

Giving the last few years focus on energy security and upstream assets at BP’s disposal a buyer would simply sell off downstream, keep trading keep production and continue to grow the business by ploughing available cash into the two operating businesses.

The ability to grow your production volumes by this scale comes up once every 20-25 years. Despite the integration challenge and painful 4/5 years to do so, whoever does will have one hell of an asset base and trading house

Analysts on their best behaviour today from the questions so far - can’t believe we get through this without a question on the board/ Elliot capital. If we do somethings afoot

No RNS required if under 3% of shares bought