BP is an integrated oil and gas group based in the United Kingdom. Co. is engaged in the exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and the manufacture and marketing of petrochemicals. Co. operates globally, with business activities in Europe, the U.S., Canada, Russia, South America, Australasia, Asia and parts of Africa. Co. operates in two business segments: Exploration and Production - including oil and natural gas exploration and development and production; and Refining and Marketing- activities include the refining, manufacturing, supply and trading, marketing and transportation of crude oil, petroleum and petrochemicals.
  • TickerBP.
  • ISINGB0007980591
  • ExchangeLondon Stock Exchange
  • SectorOil & Gas Producers
  • CountryUnited Kingdom

Analysts

Allen Good, CFA

BP's Fourth Quarter Underwhelming but Setting up for Improved 2017

Higher oil prices and the benefit of reduced operating costs allowed BP to return its upstream segment to profitability in the fourth quarter. However, the improvement in total earnings was limited by a decline in downstream earnings that resulted from weak margins and heavy turnaround activity. Upstream segment earnings swung to a profit of $400 million from a loss of $728 million last year, while downstream profit slipped to $877 million from $1.2 billion leaving total profit to increase modes...

Allen Good, CFA

Danger Zone: Coming Shale Growth Poses Major Risks to Oil Prices

OPEC's production cuts and strong demand growth have 2017 crude fundamentals in their best shape since oil prices crashed two years ago. The consensus outlook is that fundamentals are now strong enough to remain healthy even after OPEC's cuts lapse. This might have been possible a few months ago, but the odds of this scenario playing out have markedly worsened since. The reason is that major increases in shale activity now have U.S. production firmly on a path of rapid growth, even if rig counts...

Allen Good, CFA

BP Earnings Slip, but Better Than Expected, While Cash Flow Generation Continues to Improve

BP reported a decline in second-quarter earnings, an outlier from peers who have already reported strong year-over-year gains, but results were stronger than consensus estimates, sending shares higher. Cash flow generation, excluding the impact of Gulf of Mexico payments, improved from the first quarter and was sufficient to cover capital spending and the cash portion of its dividend, demonstrating that BP is trending in the correct direction. BP expects the continued addition of new project sta...

Allen Good, CFA

BP is reducing its cost base to survive in a world of lower oil prices.

BP reported a decline in second-quarter earnings, an outlier from peers who have already reported strong year-over-year gains, but results were stronger than consensus estimates, sending shares higher. Cash flow generation, excluding the impact of Gulf of Mexico payments, improved from the first quarter and was sufficient to cover capital spending and the cash portion of its dividend, demonstrating that BP is trending in the correct direction. BP expects the continued addition of new project sta...

Oil & Gas: OPEC, Market is Wrong...!

Hiccup. While OPEC members have gone through several hiccups the past 43-years, however, total oil production is up by 10.3% from 1974. Ex-Iraq, oil production is up only by 2% from 1974. OPEC market share currently stands at an estimated 36% in July vs. 43% in 2016 and 51% in 1974. OPEC historical low market share was 27.6% in 1985.

Oil & Gas: OPEC, Market is Wrong...!

Hiccup. While OPEC members have gone through several hiccups the past 43-years, however, total oil production is up by 10.3% from 1974. Ex-Iraq, oil production is up only by 2% from 1974. OPEC market share currently stands at an estimated 36% in July vs. 43% in 2016 and 51% in 1974. OPEC historical low market share was 27.6% in 1985.

Allen Good, CFA

BP's Fourth Quarter Underwhelming but Setting up for Improved 2017

Higher oil prices and the benefit of reduced operating costs allowed BP to return its upstream segment to profitability in the fourth quarter. However, the improvement in total earnings was limited by a decline in downstream earnings that resulted from weak margins and heavy turnaround activity. Upstream segment earnings swung to a profit of $400 million from a loss of $728 million last year, while downstream profit slipped to $877 million from $1.2 billion leaving total profit to increase modes...

Allen Good, CFA

Danger Zone: Coming Shale Growth Poses Major Risks to Oil Prices

OPEC's production cuts and strong demand growth have 2017 crude fundamentals in their best shape since oil prices crashed two years ago. The consensus outlook is that fundamentals are now strong enough to remain healthy even after OPEC's cuts lapse. This might have been possible a few months ago, but the odds of this scenario playing out have markedly worsened since. The reason is that major increases in shale activity now have U.S. production firmly on a path of rapid growth, even if rig counts...

Allen Good, CFA

BP Earnings Slip, but Better Than Expected, While Cash Flow Generation Continues to Improve

BP reported a decline in second-quarter earnings, an outlier from peers who have already reported strong year-over-year gains, but results were stronger than consensus estimates, sending shares higher. Cash flow generation, excluding the impact of Gulf of Mexico payments, improved from the first quarter and was sufficient to cover capital spending and the cash portion of its dividend, demonstrating that BP is trending in the correct direction. BP expects the continued addition of new project sta...

Allen Good, CFA

BP is reducing its cost base to survive in a world of lower oil prices.

BP reported a decline in second-quarter earnings, an outlier from peers who have already reported strong year-over-year gains, but results were stronger than consensus estimates, sending shares higher. Cash flow generation, excluding the impact of Gulf of Mexico payments, improved from the first quarter and was sufficient to cover capital spending and the cash portion of its dividend, demonstrating that BP is trending in the correct direction. BP expects the continued addition of new project sta...

Allen Good, CFA

We View BP’s MLP Plans Positively, but as Largely Inconsequential; FVE Unchanged

BP has announced plans to create a master limited partnership, or MLP, to hold its U.S. midstream assets: BP Midstream Partners, or BPMP, which will initially own feedstock and product pipelines serving BP’s Whiting refinery and interest in several Gulf of Mexico crude pipelines. BP will retain interest in several crude, natural gas liquids, and refined product pipelines, which will be used to expand BPMP over time. We view the decision positively, but as largely inconsequential, leaving our fai...

1 director sold

A director at BP sold 347,630 shares at 560p and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members along ...

Ahmed Ben Salem ...
  • Bruno Cavalier
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Jean Sassus
  • Laure Billoret
  • Matthias Desmarais
  • Steven Gould
  • Valentin Pernet
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/10/2018

...

Ahmed Ben Salem ...
  • Bruno Cavalier
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Jean Sassus
  • Laure Billoret
  • Matthias Desmarais
  • Steven Gould
  • Valentin Pernet
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/15/2018

...

Ahmed Ben Salem ...
  • Alex Koagne
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 31/10/2018

...

Ahmed Ben Salem ...
  • Alex Koagne
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/31/2018

...

Ahmed Ben Salem ...
  • Bruno Cavalier
  • Emmanuel Matot
  • Jean Sassus
  • Jerôme Bodin
  • Léopold Authié
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/11/2018

...

Philip Morrish

Value Indicator - UK Basic Resources 23072018

Currently '(TM) Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies of The London Stock Exchanges Main market that provides the user with indicative longer-term target prices. The publication is also available on request at www.intellisys.uk.com

Philip Morrish

Value Indicator - UK Main Market 23072018

Currently '(TM) Value Indicator - UK Main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on The London Stock Exchange's Main market that provides the user with indicative longer-term trading indicative target prices. The publication is also available on request at www.intellisys.uk.com

Philip Morrish

Value Indicator - UK Main Market 30072018

Currently '(TM)Value Indicator - Main market' is a value analysis of the Basic Reslources, Construction & Materials, Telecoms and Utilities sectors of the quoted companies on The London Stock Exchange's Main market that provides the user with indicative long-term trading indicators and indicative target prices. The publication is also available on request at www.intellisys.uk.com

Philip Morrish

Value Indicator - UK Basic Resources 30072018

Currently '(TM) Value Indicator - UK Basic Resources Sector' is a value analysis of the Basic Resources super sector of quoted companies on The London Stock Exchange's Main market that provides the user with indicative long-term target proces. The publication is also available on request at www.intellisys.uk.com

BP Plc

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ING
Nadège Tillier

BP World Energy Statistics/2018 energy consumption up, carbon emissions as well

Following its 2019 Energy Outlook published in February, BP delivered its Statistical Review of World Energy today, providing statistics for full year 2018. Primary energy consumption grew again in 2018, driven by renewables and natural gas. The world also consumed more oil (+1.2% vs 2017) with the Asia Pacific region (+3%), notably Vietnam (+5.8%) and China (+5.1%), showing the biggest surge. A direct consequence of the higher energy demand, worldwide carbon emissions also went up (+2%), despite the Paris Agreement and an overall higher awareness of climate issues.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Tesco, German 5G Auction, Italgas and BP

Tesco 1Q19/20: growth slows against strong comparable. 2023 bond offers value

BP Plc (BP.) - Power - Deals and Alliances Profile

Summary BP p.l.c. (BP) is an integrated oil and gas company. It provides fuel, energy, lubricants and petrochemicals to its customers. Its upstream activities include oil and natural gas exploration, field development and production; and midstream operations include transportation, and marketing and trading of natural gas, including liquefied natural gas (LNG), power and natural gas liquids (NGLs). The company’s downstream activities include refining, manufacturing, marketing, transportation, supply and trading of crude oil, petroleum, petrochemical products and provision of related services...

MarketLine Department

TOTAL S.A. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's TOTAL S.A. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by TOTAL S.A. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights T...

MarketLine Department

Repsol, S.A. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Repsol, S.A. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Repsol, S.A. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlight...

MarketLine Department

Centrica plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Centrica plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Centrica plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlight...

MarketLine Department

OMV AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's OMV AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by OMV AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights This repo...

BP PLC – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

BP - AGM 21 May 2019

Item 22:  To request that the Board report to shareholders on the strategy to be consistent with the goals of the Paris Agreement The proposal has been filed by Climate Action 100+ (CA100+) with support from the environmental law group Client Earth. Shareholders may wish to note that the coordinator of CA100+ is the Institutional Investors Group on Climate Change (IIGCC), which is the current name of the former “Aiming for A”coalition. At the 2015 AGM, a climate change resolution submitted by Aiming for A reached 98% support at BP.  CA100+ proposes that the Company include a description of t...

Louis AZAIS

Analyse court terme - BP PLC : Le gap haussier ouvert en sortie de figure annonce la hausse.

La tendance est toujours haussière, son niveau d'invalidation est sous 445,00 p. L'objectif est à 481,60 p.Arguments :- La résistance majeure est dépassée.- La moyenne mobile sert de support.- Le gap haussier ouvert en sortie de figure annonce la hausse.

Louis AZAIS

Short term view - BP PLC : The bullish gap opened as prices break out of the pattern announces a rally.

The trend is still bullish, the invalidation level is below 445.00 p. The target is at 481.60 p.Arguments :- The major resistance has been breached.- The moving average is supporting prices.- The bullish gap opened as prices break out of the pattern announces a rally.

Louis AZAIS

Analyse court terme - BP PLC : Le support majeur est atteint, il cause le rebond.

La tendance est toujours haussière, son niveau d'invalidation est sous 485,00 p. L'objectif est à 533,00 p.Arguments :- Le support majeur est atteint, il cause le rebond.- Les cours font un nouveau plus haut historique, ce qui témoigne de la force de la tendance.- La moyenne...

Louis AZAIS

Short term view - BP PLC : The major support has been reached, it causes the bounce.

The trend is still bullish, the invalidation level is below 485.00 p. The target is at 533.00 p.Arguments :- The major support has been reached, it causes the bounce.- Prices made a new all-time-high, this confirms the strength of the trend.- The moving average is supporting...

Valérie GASTALDY

Analyse moyen terme - BP PLC : Le rectangle est déclenché, son objectif n'est pas encore atteint.

La tendance est toujours haussière, son niveau d'invalidation est sous 483,00 p. L'objectif est à 580,00 p.Arguments :- Le rectangle est déclenché, son objectif n'est pas encore atteint.

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