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Following Q3 results YTD we've bought back 6.4% of our current market cap. Relatively the same as last year YTD. With heavy buybacks occurring since 2021 you do start to wonder when the SP will reflect this.... and just where we'd be without them. - Assuming fair impact on SP... without them our current P/E would be

China is in a league of its own due to sheer scale and the CCPs ability to get things done/legislation passed, China's not about purchasing power as its still a highly unequal market.

I listened to a podcast that said due to China's size they can disrupt any industry they want to. The CCP picks which industry, backs 2-3 companies and due to domestic scale the winner grows to $3-400bn dollars naturally. What we see now is the second phase of this with cheap EVs coming to Europe (hence the EU's tax on China EVs)

Yep in my comment I was referring to passenger vehicle hence my comment on Tesla scalability

India is a unique case, battery swapping works well due to high pen. of 2/3 wheelers, this has also been seen to extent in EU cities with bike/escooter sharing - not much money in actual charging but biz model could support subscription models and drive site traffic. our tie-up with reliance in India positions us well in this market. Although fuels will remain the majority of transport energy mix going forward here as per most external forecasts

I work in this space and EVs are very much a rich economy solution - in markets with lower GDP you simply wont get enough infrastructure spend to warrant them being sold in market - I do think this is the hole is Tesla's valuation - they can only grow so big in the richest markets and are closed off to the rest of the world. This is where Toyota/VW have opportunities

Theaky, I spotted this yesterday and is why I jumped back into BP - the P/E gap is scary despite bp being operationally on par with other supermajors, how is shell trading nearly 2x bp? If this persists I'll change my tune on bp being acquired because we become more and more attractive for a mega merger

Wtf its not letting me post - in short, shell super impressive, shell CEO & CFO super impressive, think more long term value in bp as we are so severely undervalued which is why i went back into bp and not shell

LSE cut half my post off, full post below:

I watched the Shell earnings call just now and a few observations:

1. Shell are ever so careful to keep reinforcing the focus on O&G at every turn

2. There is little to no discussion about downstream businesses, their performance or cap. ex.

3. Plenty of questions on wind - no asset write downs but incurred a

Agree - I think we won't see a complete climb-down however - I believe it will be gradual, starting with moving the phasing of cap. ex. out past 2025 and from there it'll be held steady at a lower % of cap.ex. already stated.

I watched the Shell earnings call just now and a few observations:

1. Shell are ever so careful to keep reinforcing the focus on O&G at every turn

2. There is little to no discussion about downstream businesses, their performance or cap. ex.

3. Plenty of questions on wind - no asset write downs but incurred a

I do think although we are hearing the rhetoric on net zero targets remaining, a new CEO has one and one opportunity only to reduce these targets and thats his/hers first three months in the job. It'll be a big call call but for current shareholders theres only upside - no incoming CEO will cut oil further due to SP pressure, so they either stay the same (SP remains) or they cut reinvent bp strategy (SP booms)

Happy, I wont comment on Archea as this isnt my area of expertise.

The Travel centers acquisition was superb, it carries many opportunities across the C&P portfolio and compliments our US retail real estate nicely - do not under estimate the future integration value of bp, particularly in the US where we have our strongest assets

Amazing that even with buying back 1% of the company in Q4 alone still leads to a downgrade, despite them guiding it’ll roughly follow Q3 results

£24k at 488 - lets see if this was a good jumping in point, hoping to catch a quick trade and pick up some divis along the ways

Happy, I wish she'd asked if he was happy with the share price and not the business itself, its clear the business is performing but it isnt translating to the Share price

They qualified they took the impairment due to accounting partners (externals) mark to market accounting of their assets. I don't think its about massaging the good news when they've been unsuccessful in renegotiating the NYC wind bids.

Wow many on this board seem to be loosing their head a little here - operationally really strong results, more oil pumped than last year at lower cost to do so - simple.

Buybacks vs. divi is what it is - can see the merits of both in this situation, why not allocate a bit more cash and promise a >4% annual raise, this would please everyone and move the stock upwards

I'll be back in around 480-490, expect a drop when US opens

Expect Shell to falter on gas trading news also

Thats what to focus on - trading will fluctuate Quarter to quarter, I'm not back in just yet after selling £30k at £5.57, but will be if this settles sub 5, not moving too quickly as not catching a falling knife, there'll be future opps

Well duh...

I'd have a shot at Angelina jolie if I had a major escalation to brad pitt levels. Such a non article/Press release from the world bank - do they get paid to do this analysis?

Not odd at all, a war in Palestine has minimal impact on POO. Any minor impact can and will be swallowed up by other nations.

Only way POO spikes is if Iran shows signs of escalation (or US hostility language towards Iran increases)

A war in the Middle East doesn’t necessarily mean a boom for POO, it depends on several other factors

Https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-boosts-ev-charging-network-with-100-million-dollar-order-of-tesla-ultra-fast-chargers.html

Seems to be a hardware only purchase - Tesla becoming a charger OEM supplier??