Oil giant BP moved into the top bracket of oil companies in the late nineties with the acquisitions of US concerns Amoco and Atlantic Richfield. More geared to oil production and exploration than its main rivals, BP has moved into the former Soviet Union to secure future production as its current key assets in the North Sea and Alaska wind down.
Bp Plc $0.25 is listed on the London Stock Exchange trading with ticker code BP..L, and is part of the Metals sector. It has a market capitalisation of £0.00, with approximately 20,261m shares in issue. Over the last year, Bp share price has been traded in a range of 146.75, hitting a high of 603.20, and a low of 456.45.
Bp, officially known as Bp Plc $0.25 was formed in April of 1909, making the company one hundred and ten years old. The company filed its latest accounts on 31st December 2014, showing a turnover of approximately 242.25 billion GBX, and a pre-tax profit margin of 1.38%. Bp currently has 15 directors, and has had 49 previous directors over the last 110 years. In the last set of accounts produced by Ernst And Young Llp, the company showed 9.41 billion paid in salaries to the 84,700 staff (average wage of 111 thousand), with the directors receiving an average 1.26 million each. In the accounts filed in 2014, the company paid 3951100905 in dividends, or 0.1950 per share. These accounts also showed Bp to have a net worth of 53.13 billion, with 20.10 billion held in cash.
|Tullow Oil Plc (TLW.L)|
|Glaxosmithkline Plc (GSK.L)|
|British American Tobacco Plc (BATS.L)|
|Wood Group (John) Plc (WG..L)|
|Shares in Issue||20,261m|
|52 Week High||603.20|
|52 Week Low||456.45|
BPPlc. looks fairly valued at the current levels as we don’t see much upside in the stock. The stock finished trading on the London stock exchange on 15th August at 447.0p a share, up by 0.69% compared to previous close. Lately, the stock has been in correction mode and has come down from 470p to 445p in a few days. However, we expect the stock to consolidate around 440p and the stock shall bounce back from that level. Therefore, traders or investors would be advised to keep an eye on Bp Plc. and accordingly initiate fresh buy positions. As of now we won’t recommend to initiate fresh trades in Bp Plc., till the stock is done with its consolidation and correction. In terms of technical analysis or charting, the stock has indicated bearish pattern followed by gap down and red marubozu candles. Although, yesterday, the momentum oscillator RSI indicated a bounce back but we need to get the confirmation of the same. If the stock gives a positive closing in the coming one or two trading sessions, traders or investors can initiate fresh buy positions. (Read more)
BP Plc. is a ‘Hold’ at current price levels. As mentioned in our last article, that BP Plc. may correct up to 450p and BP PLC did go up to 450p!. The stock finished trading on the London stock exchange at 449p on Wednesday, 15th February. The stock has been trading 83% above its 52 weeks low and 12% below its 52 weeks high. Currently, the stock has been trading below its 20 day moving average (DMA), 50 DMA and 100 DMA of 474p, 488p and 476p respectively. Clearly, the stock has been in a downward trend and has been correcting and couldn’t break the resistance at 520p. The immediate support and resistance for the stock is at 455p and 480p respectively. However, the stock seems to be in a consolidation mode and once consolidation is over, the investors can initiate fresh long positions. (Read more)