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BP: A Buy At The Lows
Seeking Alpha· 2024-11-25 15:56
The primary goal of the Cash Flow Kingdom Income Portfolio is to produce an overall yield in the 7% - 10% range. We accomplish this by combining several different income streams to form an attractive, steady portfolio payout. The portfolio's price can fluctuate, but the income stream remains consistent. Start your free two-week trial today!BP p.l.c. (NYSE: BP , OTCPK:BPAQF ) is an oil and gas supermajor that has seen its shares come under pressure in the recent past. The valuation is now very low, while the ...
The Gold Standard Oil And Gas Companies
Seeking Alpha· 2024-11-25 14:26
Regardless of whether or not the Trump administration stays or leaves The Paris Agreement - the international treaty on climate change, and whether or not the idea of ESG investing gets ditched, or ESG gets replaced by the term sustainability (as I think itAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in BP, S ...
BP Invests $7B in Indonesia Gas With First Carbon Capture Tech
ZACKS· 2024-11-22 15:31
Project Overview - BP and its partners have made a final investment decision for the $7 billion Tangguh Ubadari CCUS Compression (UCC) project in Papua Barat, Indonesia [1] - The project is expected to unlock approximately 3 trillion cubic feet of additional gas resources, supporting BP's strategy to meet Asia's growing energy demand and advance low-carbon commitments [1] Technology and Infrastructure - The Tangguh UCC project will feature Indonesia's first large-scale implementation of carbon capture, utilization, and storage (CCUS) technology, aiming to sequester 15 million tons of CO2 in its initial phase [2] - The project includes the development of the Ubadari gas field and enhancements to the existing Tangguh LNG facility, which has a liquefaction capacity of 11.4 million tons per year [2] Production Timeline - Production from the Ubadari field is expected to begin in 2028, reinforcing the region's role in providing sustainable energy solutions [3] Strategic Significance - BP CEO Murray Auchincloss highlighted the project's dual significance: unlocking substantial gas resources and incorporating CCUS technology to enhance gas recovery [4] - BP leverages over 55 years of experience and strong local partnerships in Indonesia to drive this groundbreaking development [4] Financial and Strategic Alignment - The Tangguh UCC project aligns with BP's disciplined financial framework, meeting its return hurdle rates and reinforcing its focus on value-driven investments [5] - BP continues to lead in leveraging technology and innovation to address the dual challenge of energy security and decarbonization, setting a benchmark for future projects in the region [5] Industry Insights - Smart Sand, Inc (SND) is a low-cost producer of high-quality Northern White frac sand, ideal for hydraulic fracturing and industrial applications, with growing demand expected due to sustained oil and gas market demand [7] - FuelCell Energy (FCEL) offers low-carbon energy solutions, producing power using flexible fuel sources like biogas, natural gas, and hydrogen, playing a crucial role in the energy transition [8] - Nine Energy Service (NINE) provides onshore completion and production services for unconventional oil and gas resource development, operating across key basins in the US and Canada, with anticipated growth due to sustained demand for oil and gas [9]
4 Integrated Energy Stocks to Watch Amid Industry Challenges
ZACKS· 2024-11-15 14:11
Oil prices, which are still high, continue to weigh on the refining sector, with substantial input costs compressing profit margins. Furthermore, a deceleration in oil production growth is expected to limit earnings from the upstream activities of integrated energy companies. At the same time, the rising demand for renewable energy is adding uncertainty to the prospects of the Zacks Oil and Gas Integrated International industry, creating a bleaker outlook.Among the companies in the industry that will probab ...
BP's JV With EnBW to Remain Unaffected Amid Renewables Scale-Down
ZACKS· 2024-11-13 17:21
BP plc’s (BP) current efforts to scale back on its renewable projects' expansion shall not affect the offshore wind projects that the British energy major has undertaken with the German energy company EnBW, as per Reuters. In recent months, BP has been maintaining its focus on its high-margin business while scaling down the aggressive expansion of its renewables unit. The company had previously announced that it plans to sell off its U.S. onshore wind business and divest a small stake in its offshore wind b ...
BP Stock: Out Of The Doghouse (Rating Upgrade)
Seeking Alpha· 2024-11-12 13:00
He is the leader of the investing group The Daily Drilling Report where he provides investment analysis for the oil and gas industry. Features of the group include: a model portfolio that covers all segments of upstream oilfield activity with weekly updates, ideas for both U.S and international energy companies, coverage from shale to deepwater drillers, technical analysis to identify catalysts, and more. Learn More .Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of t ...
Oil giant BP is killing 18 hydrogen projects, chilling the nascent industry
TechCrunch· 2024-11-05 17:45
Tucked inside a 32-page earnings report, oil and gas giant BP revealed it was killing 18 early-stage hydrogen projects, a move that could have a chilling effect on the nascent hydrogen industry.The decision, along with the sale of the company’s U.S. on-shore wind power operations, will save BP $200 million annually and help boost its bottom line. The hydrogen industry, which has relied on oil and gas companies both financially and through lobbying efforts, is preparing for a grimmer outcome. BP has been a ...
4 Things BP Can Do To Convince Investors They Are An Oil Company Again
Seeking Alpha· 2024-10-31 19:20
I have been covering BP (NYSE: BP ) for nearly five years on Seeking Alpha. In that time frame, the company has returned almost exactly zero, including dividends. That lags far behind the other integrated internationalI retired early after 22 years in the energy industry with roles in engineering, planning, and financial analysis. I have managed my own portfolio since 1998 and have met my goal to match the S+P 500 return over the long term with lower volatility and higher income. I mostly write on positions ...
BP Faces Price Forecast Cuts As Analysts Flag Weak Earnings And Rising Debt Challenges
Benzinga· 2024-10-30 17:52
Analysts cut the price target on BP p.l.c. BP following the company’s third quarter results reported on Tuesday.BP’s revenue fell short at $47.25 billion, below the $52.56 billion consensus, with oil production down 6% year over year.For FY24, BP continues to expect both reported and underlying upstream production to be slightly higher than the prior year. Meanwhile, the company continues to expect $25 billion of divestments and other proceeds from the second half of 2020 through 2025.RBC Capital Markets an ...
BP(BP) - 2024 Q3 - Earnings Call Transcript
2024-10-29 17:43
Start Time: 09:00 January 1, 0000 10:09 AM ET BP p.l.c. (NYSE:BP) Q3 2024 Earnings Conference Call October 29, 2024, 09:00 AM ET Company Participants Murray Auchincloss - CEO Kate Thomson - CFO Craig Marshall - SVP and Head, IR Conference Call Participants Josh Stone - UBS Giacomo Romeo - Jefferies Irene Himona - Bernstein Biraj Borkhataria - RBC Doug Leggate - Wolfe Lydia Rainforth - Barclays Peter Low - Redburn Roger Read - Wells Fargo Chris Kuplent - Bank of America Ryan Todd - Piper Alastair Syme - Citi ...