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Yes we can transfer within six month of shares vesting, but it'll be within the same tax year. I should just about get away with it as CGT is £6k next year, i thought it was £3k, bloody hunt!

3614 shares vesting in Sept at 2.49 strike price (3 year employee sharesave programe), at this price its getting dangerously close to my 20k ISA annual limit. Any advice on how to minimize tax as I'm assuming the SP will be similar price/higher in Sept?

ALL ABOARD!

“We have in the past described bp as the most misunderstood of companies in our coverage universe. A new strategic update addresses key investor concerns and enables, in our view, a potential re-rating of the shares.

“Longevity in the upstream combined with profitable renewables lead to stronger free cashflow. We raise our target price to 1000p.”

Thanks! Like your thinking/analysis vs. US peers

Can you expand your point on DCF, do you mean our NPV is now materially higher on investment models which is making the big boys who have the legions to model this stuff are buyers?

Can we cut the boring takeover chatter, anytime anything happens with the bp SP this rears its head, we had it multiple times through the pandemic and here we are again as our SP is spiking - sure if you keep saying it it might eventually happen but otherwise its just spitballing on basic level hypotheses

I should disclaim I work in marketing and have no access to our long term price assumptions

Most surprising thing about these results is the mention of $70 oil - shows what we must be thinking internally about POO through at least 2023-2025

I've worked under a 8 CEO's at 2 large blue chip orgs and I have to say Mr. Looney comes across as one of the most authentic people I've experienced. The media love to paint him as this cash hungry oil baron - this is a natural result of his rise to CEO, but his focus on mental health and wellbeing, promoting a strong culture and actually investing and dare I say it leading(?) the transition will secure his place in O&G history. There's a reason he gets paid the big bucks.

Bit off topic for a stock forum but as an employee I've never had higher confidence in a CEO.

Very bold of you to suggest KS can do anything else other than stand there with his mouth aghast, repeatedly asking "Well why did x happen? You're useless"

Shell eating a large working capital build in Q3 due to them building up large storage of LNG (confirmed as hedged) - they foresee the high energy prices ongoing until next winter and are stockpiling to take advantage of this.

I'd imagine bp are doing something similar, but Shells LNG biz is world class and has immense scale.

Bottom line is high energy prices are due to sustain and O&G players know it, this rise in bp is doing my employee share account wonders... just a shame I have to wait until next Sept for the first tranche to vest.

Onwards and upwards.

Whats your price target? I'm tempted at this price for a SIPP play with cash I can't touch for 20 years anyway..

I think its fair to say that whenever there is volatility relating to a bullish energy market, traders make £££$$$

No longer hold any personal bp but this latest price hike from 420-460 is improving company share acc no end. I think we have a mixture of things at play in here - high wholesale prices, size of buybacks causing upwards pressure, longevity of high prices and Mr L's slimming down of the company in reinvent. The divi cut in 2020 causes the grey area for me though... no one really knows where the SP will rebase itself and the above factors are noise in the system for longer term understanding.

Of course I'm hoping Mr. L. shows some more love to the employees giving our record levels of profit, instead of just pumping billions into buybacks (a la shell)

I'd want far more than £140k pa. to be leader of a major political party... You can achieve this salary as a mid level mgr. at most blue chips in London.. Whilst its admirable he went on TV to state this, me thinks this is only half of his bi-yearly bonus from his law career.. not holding this against him but it isn't the big "look at how honest I am" move he and his advisors think it to be.

I have 3.3k shares at a strike price of 2.49 for next sept (share save) - fingers crossed we are still £4+ as I stand to make a healthy no risk return

And the govt sits there and wonders why the FTSE is on its a*se and productivity hasnt moved in years. How can businesses possibly invest if whenever they are doing well the govt hauls them in for a telling off. What a shambles of a govt. we have.

Only held a couple k (£) but sold at 424.8 yesterday, the battle of recession induced demand reduction and margins being achieved is fully underway and I just simply could not call it so opted to sell. I'll be back in at sub 400 which knowing bp stock should happen again when oil hits $120 /joke

General macro consensus is that the worlds heading for a slowdown.

bp announces £8.5bn RCOP, 10% hike in divi, $3.5bn buyback within next quarter = SP closes 2.7% up

Uber beats top line revenue forecast, still loses $2.6bn, = SP up 15% intra-day

Bonkers.

Small in the context of things - inflation matching etc. etc., agree in a normal cycle 10% hike is good