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?

This is the link from which the posting above was copied.

God bless the US of A!

Transocean's $1.4 billion settlement of Clean Water Act, safety violations prompts comments from public officials, environmental groups

How far can it go, Skinny? Your target?

Sold one third earlier,446. Big mistake, but typical.

our target sp is 500p, subject to a favourable court settlement.

Looking at a 3 year chart, I'm hoping for £5+, but would be happy to get a fiver.

Presumably every other trader in market is going to be thinking the same, so 500p is going to be self fulfilling as an exit point.

StockMarketWire.com
Alphavalue cuts BP to Sell from Reduce, tgt 388p

Well they are off of my Christmas card list!

skin no problem it means they want to buy ...... tree shake!

Well said Halifax. Recovery for BP has not started yet.

A bit crude but....

Q4 ex-divi date 13th Feb 2013.
Q1 ex-divi date 8th May 2013.

Link copied - BP Seeks Judge's Ruling on Size of Gulf Oil Spill

NEW ORLEANS January 12, 2013 (AP)
BP urged a federal judge Friday to rule the company can't be penalized for millions of gallons of oil that spewed from its blown-out well but was captured before it could spill into the Gulf of Mexico in 2010.

A court filing by London-based BP PLC says workers captured more than 34 million gallons — 810,000 barrels — of crude and either burned it or shipped it to shore before it could enter the Gulf waters.

The company asked U.S. District Judge Carl Barbier to rule that the collected oil can't be counted in calculating the company's Clean Water Act penalties, which could amount to billions of dollars.

A criminal settlement with the Justice Department in November didn't resolve the government's civil claims against BP.

In Friday's filing, BP lawyers also vowed to prove at trial that the federal government overestimated the size of the spill.

Algeria siege: Military operation under way

17 January 2013 Last updated at 14:01

An Algerian military operation is under way at a gas facility in eastern Algeria where hostages are being held, the British Foreign Office says.

Algerian soldiers had been surrounding the facility near In Amenas that kidnappers occupied on Wednesday, after killing a Briton and an Algerian.

Media reports quoting militants said 34 hostages and at least 14 kidnappers had been killed in the operation.

RNS Number : 2274W

Office of Fair Trading

23 January 2013

The OFT has published the text of its decision taken on 11 January 2013 on the completed acquisition by Flogas UK Limited (part of DCC) of BP's LPG distribution business (now trading as MacGas), which was cleared. This decision can be found on the Office of Fair Trading's website at www.oft.gov.uk.

BP starts production from new North Sea platform

LONDON | Mon Jan 28, 2013 12:49pm GMT
(Reuters) - BP (BP.L) has started production from new facilities at its Valhall field in the Norwegian North Sea, aiming to ramp up to 65,000 barrels of oil equivalent per day in the second half of 2013, the company said.

Valhall's previous output averaged about 42,000 barrels per day, feeding crude into the Ekofisk oil stream, which forms part of the Brent oil pricing benchmark.

The Ekofisk crude stream as whole will produce some 278,000 bpd in February.

BBC - BP's record $4bn Deepwater criminal penalties approved

A US court has approved the biggest criminal penalties in US history given to British oil giant BP as part of a settlement related to the fatal 2010 Deepwater Horizon disaster.

In November, BP said it would pay $4bn (£2.5bn) to the US Department of Justice and agreed to plead guilty to 14 criminal charges.

The sum included a $1.26bn fine.

Reuters - U.S. judge okays BP plea, $4 billion penalty in Gulf oil spill

Wed Jan 30, 2013 1:48am GMT

(Reuters) - A U.S. judge accepted an agreement by BP Plc to plead guilty for its role in the Deepwater Horizon disaster and pay a record $4 billion (£2.5 billion) in criminal penalties for the worst offshore oil spill in U.S. history.

The company said it pleaded guilty to 11 felony counts related to workers' deaths, a felony related to obstruction of Congress and two misdemeanours. It faces five years' probation and the imposition of two monitors who will oversee its safety and ethics for the next four years.

And the RNS

BP announces US District Court approval for plea

BP today announced that the U.S. District Court for the Eastern District of Louisiana has accepted the company's plea resolving all federal criminal charges against the company stemming from the Deepwater Horizon accident, oil spill, and response. The company offered its plea to the Court and was sentenced in connection with the agreement BP reached with the Department of Justice (DOJ) on November 15, 2012.

sp rising heading for 500p.

Angola production starts at BP-operated PSVM

Sociedade Nacional de Combustíveis de Angola (Sonangol E.P.), as the concessionaire, BP Exploration Angola, as the operator, and the partners of Block 31, today announced that production from the PSVM development area in Block 31, offshore Angola, has started.

Initial production comes from three production wells in Plutao field and is expected to ramp up to around 70,000 barrels of oil per day. PSVM is expected to build towards plateau rates of 150,000 barrels of oil per day over the coming year with the additional production from Saturno and Venus fields in 2013 and Marte in 2014.

Bob Dudley, BP group chief executive, said: "PSVM is one of the largest subsea developments in the world and was one of BP's key project start-ups for 2012 as we grow higher-margin production. Over the coming decade, we expect Angola, where we have extensive interests from exploration through to production, to be one of the main hubs delivering growth for BP."

final results next week(tuesday)