BP (BP) 🛢

All the European supermajors BP, Shell and total appear to be transitioning to energy provider plays and buying up assets in this field. The American supermajors Exxon and Chevron don’t currently appear to be wanting to take the same route.

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Based on a recent IEA report Total and then Shell were the best positioned whilst Chevron and Exxon were the worst positioned so I think you’ve hit the nail on the head.

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Can BP stock be bought on Freetrade? I can’t find it when I search BP nor BP.L

Yep it is called BP and available :+1:

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When you search bp it is actually 6th on list on my phone

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Interesting

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BP p.l.c. (LSE:BP.) agreed to acquire US solar development assets from 7x Energy, Inc. for $220 million on June 1, 2021. The transaction is expected to be completed in 30 days. (Simplywallstreet).

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Good news, this is one of the UK stocks I have the greatest long-term confidence in for making a big return… Not just because of return to fossil fuel use post-COVID, but because they seem to be eager to pivot hard into green energy whilst keeping their original business viable.

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They have the money/history to force themselves to the front of the clean energy market along with others by buying out smaller companies so a good long term in my view :+1:

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“BP investors are set for £4bn payout as the price of oil rallies” BP investors are set for £4bn payout as the price of oil rallies

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great news

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Does this mean the dividend yield is going to grow by 4% a year? So it would be over 9% if happens :roll_eyes: is that correct in my thinking :thinking:

That’s not how percentages work. :wink: What you’re describing is an increase by 4 percentage POINTS, not by 4 percent.
If a dividend yield of 5% corresponds to £1 dividend, then a growth of 4% would give you £1.04 and the new dividend yield would be 5.2%.

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Ah ok thanks get you! They did say percentage points but they probably don’t have to :rofl::rofl::+1:t2:

Slightly worried when I glanced at Google, but it seems they’ve got GBP and GBX confused!

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Up 9% in the last 7 days, glorious.

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