BP dissapointed private investors as the share price slid even though a
Massive 136 percent jump in profits were recorded for the last quarter.
This was already expected and comments from Lord Browne saying falls in oil expected have brought also helped the stock down.
He says can stand oil price even below $16 pb
The hostage situation in Nigeria getting bad maybe BP putting on some weight today?
Locals want enviroment cleaned up and profits shared.
Any chance?

And then :-

BP to pay record fine, admit criminal misconduct in 2010 spill - sources

HOUSTON/WASHINGTON | Thu Nov 15, 2012 7:24am GMT

(Reuters) - BP Plc is expected to pay a record criminal penalty and plead guilty to criminal misconduct in the 2010 Deepwater Horizon disaster through a plea agreement it has reached with the U.S. Department of Justice that may be announced as soon as Thursday, according to sources familiar with discussions.

Three sources, who spoke to Reuters on condition of anonymity, said BP would plead guilty in exchange for a waiver of future prosecution on the charges.

One of the sources did not disclose the amount of BP's payment, but said it would be the largest criminal penalty in U.S. history. That record is now held by Pfizer Inc, which paid a $1.3 billion criminal fine in 2009 for marketing fraud related to its Bextra pain medicine.

US Govt Settlement

· Resolution of all criminal claims with Department of Justice includes $4 billion
paid in installments over a period of five years

· Resolution of all securities claims with Securities and Exchange Commission includes $525 million paid in installments over a period of three years

· Existing $38.1 billion charge against income to increase by approximately $3.85 billion

· BP is prepared to vigorously defend itself against remaining civil claims

Looking for a bounce as this should put a sort of dotted line under their exposure.

I hope so Harry - I added on news of the announcement yesterday.

UBS has retained its BUY and TP @500p

Credit Suisse retains it's Outperform TP 490p

i haven't really followed this latest bit in depth, but it does seem to me that BP have still not got to the bottom of the pit - i.e. there are plenty more massive claims to be lodged

BP doubles gas estimate at Savonette field in Trinidad and Tobago

PORT OF SPAIN | Mon Nov 19, 2012 9:45pm GMT

(Reuters) - BP Trinidad and Tobago (BPTT) has discovered an estimated 1 trillion cubic feet (tcf) of gas in its Savonette field off the east coast of the Caribbean country, doubling the estimated gas in the offshore gas field, the company announced on Monday.

Based on the success of the Savonette 4 well, BPTT, the largest hydrocarbons producer in Trinidad and Tobago, may drill two more development wells in the Savonette reservoirs, a company official said.

"This is exciting news for both BPTT and the industry since this represents the largest discovery for BPTT since 2005," said BPTT's President Norman Christie.

Good news combined with share buy back at such low prices should help recovery.. IMO

BP TO SELL PACKAGE OF CENTRAL NORTH SEA
ASSETS TO TAQA FOR $1.1 BILLION

BP announced today that it has agreed to sell its interests in a number of central North Sea oil and gas fields to TAQA for $1.058 billion plus future payments which, dependent on oil price and production, BP currently expects will exceed $250 million. The assets included in the sale are BP's interests in the BP-operated Maclure, Harding and Devenick fields and non-operated interests in the Brae complex of fields and the Braemar field.

The sale is subject to third party and regulatory approvals and the companies currently expect the sale to complete in 2Q 2013.

BP Temporarily Suspended From New Contracts With U.S.

BP Plc (BP/), which pleaded guilty to criminal charges after the worst U.S. oil spill in 2010, will be temporarily suspended from winning new contracts from the federal government, the U.S. Environmental Protection Agency said in a statement today.

The EPA said the ban was imposed because the company’s conduct during the Deepwater Horizon disaster showed a lack of integrity. The action, which doesn’t affect existing contracts, will stand until BP can demonstrate it meets business standards set by the government, the EPA said.

Surprised to see BP hesitating to join the crowd.

BP completes sale of Gulf of Mexico assets to PXP

HOUSTON - BP has completed its sale of a number of oil and gas fields in the deepwater US Gulf of Mexico to Plains Exploration & Production Company ('PXP').

As announced on 10 September, BP agreed to sell the fields to PXP for $5.55 billion in cash subject to customary post-closing adjustments, with an effective date of October 1, 2012. The deal, which included BP's interests in three BP-operated assets and in two non-operated assets, was among the biggest transactions in the US Gulf of Mexico.

That’s enough, says BP chief, and cuts give way to spending

Published at 12:01AM, December 4 2012
Bob Dudley has called a halt to the sell-offs that have cut BP down in size in the wake of the Gulf of Mexico oil spill and outlined a “simpler”, less risky future for the company.

The oil major is already close to meeting its target of raising $38 billion from asset sales by the end of 2013 as part of its “shrink to grow” strategy imposed after the disaster.

For fellow sufferers holders - Q3 2012 Payments of Dividend in Sterling

5.5890 pence per share.

Does that relate to the ex-divi from 5th Nov?

If you mean the 7th, then yes - it's in the link :-)

Cheers. Trying to catch up on all the back info, so possibly not being as diligent as I should be.
Was hoping for a slow climb from BP. while I was away as I though that most of their troubles were behind them, even if they are going to be out of favour with the americans for a while. Trying to second guess this market atm is a bit of a lottery!

So your back in dear old blighty then!

For me, its been an odd year for trading, although as of Friday, I had managed to get my SIPP to an all time high - especially satisfying as I haven't paid into it for 12 years.

Yes, back home and coming to terms with a 30 deg temperature drop!
Fortunately my stock ISA is doing much better than my dealing account, as it contains mostly defensive stocks. Not sure that I will owe the tax man much at the end of this tax year!

Tax - yes I remember that! :-)