Market's view on BP
Published on April 2024
- The company is executing share buybacks resulting in annual savings of £1 billion in dividends.
- Stock watchers express hope for a dividend increase in the upcoming month and recall higher dividends during Bob Dudley’s leadership.
- Despite the sell-off of Rosneft shares, dividends continue to be held in a nominee account, with unresolved issues regarding finding a buyer for these assets.
- There is speculation about future dividends and increases, with desires for significant hikes to boost the share price.
- Discussion about the potential financial strategies involving Rosneft, including the practical implications if the Western governments were to seize Russian assets.
- Upcoming quarterly results from competing firms are anticipated to reflect current oil prices, potentially impacting share price stability.
- Observations on trading strategies suggest shifts in buying and selling ranges based on recent market performance and expectations.
- The departure of Dotzenrath is seen as a step back from ambitious green energy transitions, with potential cutbacks on low-carbon initiatives and offshore wind projects.
- Global economic factors such as the required oil price for Saudi Arabia to balance its budget and market reactions to geopolitical events are also discussed.