These people don’t to realise that BP don’t set the price of Oil and don’t have much control over how much they make from it. And that the vast majority those profits aren’t coming from petrol station forecourts
Also that they can join in and own part of BP for as little as four quid
You do realise the like of the independent are all about causing controversy and riling up people like you. You click on their article, get annoyed, share it with other people. There is a fight in the comments of the article between team red and team blue and the independent is the one “laughing all the way to the bank” It’s very simple just ignore trash media designed for clicks.
Anyone else thinking that long term yesterdays energy news just showed this company and stock has an expiry date now ? Nuclear fusion is one of the holy grails and I imagine there will now be very very rapid development towards it given it’s potentially limitless and far cleaner than anything else.
When I was at school the physics teacher went on about nuclear fusion and how is was 15 to 20 years away with limitless cheap energy for all.
I am now in my 50s and it still seems to be 15 20 years away who knows if it will ever be a working reality.
That was the announcement yesterday , US scientists made cold fusion work. A similar equivalent is that once nuclear power was made to work it took less than 20 years to create the first nuclear power station.
It wasn’t Cold Fusion, it was just fusion. It still required massive amount of energy to get it started. It’s just that for the first time it apparently released more energy than they put in.
I still think it’s a long way from being game over for Oil stocks. Could take decades to get reliable fusion reactors working at scale. Also there have been alternatives to Oil for years but Oil consumption continues to rise on a global scale
BP profits are largely derived from fossil fuels and the volatility of their pricing .
Will have to see but if there were more shares related to nuclear fusion then that’s where I’d want to put money because I think it’s a breakthrough at the right time in history that’ll provide the drive to finally abandon fossil fuels on large scale. Other uses are quite a big area as well.
So to put this in context, the announcement yesterday was great. They put 2MJ into some fuel and got 3MJ out, a gain of 1.5x (called Q). This is very cool and is the first time this has been achieved on Earth. However, it is ignoring that 300MJ was used to put that 2MJ into the fuel.
And that all that energy was released for a very short period. The amount of time it takes light to travel 1 inch I e., not very long. So while cool, commercial fusion is still a long way off.
While the NIF facility is not intended as a practical fusion power plant. There are many research facilities working on it in earnest, ITER, DEMO, JT, MAST, STEP etc and there are many commercial companies that have funding and are pursuing these areas now as well CFS, Helion, General Fusion, First Light Fusion, Tokamak Energy etc.
Somewhat ironically, the big oil players, BP, Shell can see the writing on the wall, they are getting into the new technologies, e.g. EV charge points, and are even interested in partnering with and helping to build some of these new Fusion Reactors. So no, there’s no imminent expiration date based on this announcement.
Quick question. Im new to investing and have bought £200 of bp shares with the dividend being 4.09% i was expecting about £8 back but have only recieved 62p. Is there something im missing or not taking into consideration with regard to expected payout vs what i have put in?
The dividend yield is based on an annual payout so if you have £200 in shares you will get around £8 a year but for bp this is split into 4 payments. Did you buy the shares over a period of time? Because it sounds as though you will have bought some before the last ex dividend date (the date you have to hold the shares to be eligible for the next dividend) and some after. So the payment you got might only be for around £60 worth of shares