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?

INEOS? Never heard of them.

Try this Stan
http://www.ineos.com/

Thanks Harry founded in 1998.

Same year as Rolls Royce was bought by BMW, Good Friday agreement was signed, Justin Fashanu was arrested in the US (and comitted suicide in UK), Eurovision song contest was held in Birmingham, DVD's were first released, Man U TV started, Pinochet was arrested, Peugeot 206 was launched, Frank Muir and Enoch Powell die......so a funny ol' year! Good and bad.

BP p.l.c. Group results First quarter 2017

Highlights
Robust earnings and cash flow, new projects on track.

· Underlying replacement cost profit* for the first quarter was $1.5 billion.
· First quarter operating cash flow, excluding payments related to the Gulf of Mexico oil spill*, of $4.4 billion. Including these payments, operating cash flow* was $2.1 billion.
· Dividend unchanged at 10 cents per share.
· Reported oil and gas production was 3.5mmboe/d in the first quarter, 5% higher than same period in 2016.
· New Upstream major projects* on track: Trinidad onshore compression project started up, another in ramp-up, and two more in commissioning.
· Downstream marketing growth and strong operational performance.
· $1.7 billion divestment of BP's interest in SECCO petrochemical joint venture, subject to regulatory approvals.

In disaster's wake, BP doubles down on deepwater despite surging shale

2Q17 Part 1 of 1

Highlights

Solid first half; strong operations, strong cash flow.

· Underlying replacement cost (RC) profit* for the second quarter was $0.7 billion.
· Second-quarter operating cash flow, excluding Gulf of Mexico oil spill payments*, was $6.9 billion. Including these payments, operating cash flow* for the quarter was $4.9 billion.
· Dividend unchanged at 10 cents per share.
· Second-quarter Upstream production was 10% higher than in the same period in 2016; first-half production was 6% higher.
· Upstream major projects on track; two new projects sanctioned in quarter; significant gas discoveries in Senegal and Trinidad announced; $753 million exploration write-off, predominantly in Angola.
· In Downstream, first-half fuels marketing earnings around 20% higher than in the first half of 2016.

more.....

Goldman Sachs Neutral 451.33 480.00 480.00 Reiterates

Looking a tad over bought, but £5 looming?

05 Oct Deutsche Bank Buy 487.28 520.00 520.00 Reiterates

03 Oct Barclays Capital Overweight 487.28 675.00 675.00 Reiterates

Golden cross burgeoning?

Golden Cross.

Q3 results on 31st.

It's been consolidating at the 490 level for a while now and looks ready to move to 500 to me.

I've sold my WEIR this morning which I've been in for 2 years. Kind of a mixture of things. I'm guessing the pound will strengthen sometime in the next 3 months as it's about repatriation of profits. I'm guessing oil won't stay here forever although it may go 10% higher yet.

Everything is so complacent at the moment. Could stay like that to after Xmas or turn on an instant.

£5.

Group results Third quarter and nine months 2017

Year-to-date organic balance at $49 a barrel
Share buybacks announced to offset scrip dilution
Reported third quarter group oil and gas production up 14%

· Underlying replacement cost (RC) profit* for the third quarter was $1.9 billion, compared with $684 million in previous quarter.
· Third-quarter operating cash flow, excluding Gulf of Mexico oil spill payments*, was $6.6 billion. Including these payments, operating cash flow* for the quarter was $6.0 billion.
· Underlying operating cash flow* in first nine months exceeded organic capital expenditure* plus full dividend* - equivalent to organic cash balance including full dividend at Brent oil price of $49 a barrel, or $42 a barrel including cash dividend only(a).
· Dividend unchanged at 10 cents per share.
· Recommencing share buyback programme in fourth quarter to offset ongoing dilutive effect of scrip dividends over time.
· Reported group oil and gas production in the third quarter averaged 3.6 million barrels of oil equivalent a day, 14% higher than in the third quarter of 2016.
· Three Upstream major projects* began production in the quarter.
· Downstream underlying quarterly earnings were the highest for five years, second-highest on a RC basis.
· Around $4.5 billion in disposal proceeds are expected for full year 2017, with $1.0 billion received in first nine months. Proceeds expected in the fourth quarter include those from the SECCO transaction ($1.4 billion) and the initial public offering of BP Midstream Partners LP's common units ($0.7 billion).



more.....

Citigroup Neutral 514.55 425.00 480.00 Retains

JP Morgan Cazenove Overweight 514.55 540.00 540.00 Reiterates

Kepler Cheuvreux Hold 514.55 485.00 505.00 Reiterates

Jefferies International Hold 514.55 500.00 500.00 Reiterates

Deutsche Bank Buy 514.55 520.00 545.00 Reiterates

Beaufort Securities Buy 514.55 - 560.00 Retains

Share Buyback Programme

Here we go again....

Barclays Capital Overweight 529.15 675.00 675.00 Reiterates