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You do wonder what the analyst has to gain by saying bp's price target is 100% higher than it is today. Surely a massive reputational hit both internally and externally. Why not be a little bullish not full on randy bull about to get a sweet release before he heads into the matador ring in Barcelona.

Lets wait for US to open, will bring a wave of liquidity into the situation

Rise before ex divi date - expected any gains today to be reversed tomorrow - particularly with bad news out of China

Shell 2300*

Agree - just a reaction on bad news coming out of China on oil demand - if we drop further bp/shell represent a good buy opportunity - I'm a buyer at bp 455, shell 1300

Gotcha! Apologies to Exploration!

Meoryou, I think it was you who was speculating on a potential deeper tie up with Saudi, or at least ADNOC. When the CFO was answering the below question during the Q&A he gave a wry smile when he finished his comment.... so who knows if you're correct?

Oswald Clint (Bernstein): Thank you very much. Maybe just going back to LNG, you spoke

about NewMed and ADNOC relationship. I'm curious, could this give you a participation in

the ADNOC LNG expansion in United Arab Emirates?, Related to that is Browse again,

maybe elaborate on the strategy for taking on the rest of Browse that used to have a very

big capex number attached to it in terms of landed costs that might be at the high end

relative to somewhere like the United Arab Emirates. So, maybe just frame that LNG asset

selection process. And then secondly, Permian - one of your peers talked about applying

technology, potentially doubling recovery factors in the Permian over time. I wanted to get

your thoughts on what you think you can do with your Permian asset as well. Thank you.

Murray Auchincloss: We're in ADGAS. We've been in ADGAS forever. Yes, they’re

expanding, but we can’t comment other than that.

Saudi showing their teeth and extending cuts, supply tightening, shares being bought back, divi uplift, SPR at historical lows and Bidens org not willing to fill back up at these prices -> my pants were up but now they are back down ready for the ten minute freeview

Logic tells me with the levels of buyback being performed at the moment the steps ups will be more dramatic than we have been used to in recent times - I think its quite possible we see a 7-8% intra-day increase when we eventually get news that causes upward pricing pressure (e.g. a major equity announcement, POO uplift, supply tightness etc.)

Alright enough talk about my pants and favorite pastime - I better get back to the dayjob to give you folks some more divi uplifts

My finger was hovering over selling my small £7k allocation of bp held in my SIPP at 492... could have been an easy gain but hindsight is everything. If I had any cash I'd be topping up at 450 if we drop that far

The market go a up and the market go a down - I'm still here with my pants around my ankles so que cera

Negative demand news out of China impacting POO - nothing but a blip

Mroryou,

I anticipate this is having an impact - BL is doing a good job of telling the story for the first time since 2020 - the SP is reacting

As I stated yesterday the divi decision will drive SP more than result. All O&G have missed earnings this q which makes me think theres something wrong with the analyst models as its a consistent message being presented in the actual data. oh well 10% divi lift makes me happy

Got my share save vesting on sept 1st which is now sitting at a £9k gain - where to go on holiday? :D

I think, like most O&G earnings, in a quarter with low POO volatility the earnings will have a largely non-impact on SP. Upward pricing trend of POO is more material to us beyond tomorrow

I bet the board are in seeing SHELLs 15% divi hike confirmed

I'd like some of what she's smoking :D (yes I know she's only pricing bp at same levels as US peers)

Very true, I liked the analyst push on buyback guidelines causing SP volatility - holds our execs accountable. However it reminds me of the following quote:

Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.

- Warren Buffett.

I do find it fascinating how misinformed the so called 'experts' are and their willingness to publish incoherent analyst notes on such short term thinking. It's like GS energy investment team (& bench) are more than willing to prove themselves wrong constantly... mind you they still pick up their six figs base + six figs bonus so what do they care

Currently considering rotating out of bp into Shell ahead of results (and any confirmation of divi hike) - think the market likes the new CEO's direction and there's no smoke without fire when news hits of trying to sell biz units