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LON:BP.B

BP PLC 9 Percent Preferred Shares (BP.B) Share Price, News & Analysis

GBX 153.50
-3.50 (-2.23%)
(As of 06/10/2024 09:32 PM ET)
Today's Range
153.50
159
50-Day Range
148
160
52-Week Range
128
172
Volume
1,939 shs
Average Volume
7,554 shs
Market Capitalization
£30.72 billion
P/E Ratio
N/A
Dividend Yield
5.86%
Price Target
N/A
BP.B stock logo

About BP PLC 9 Percent Preferred Shares Stock (LON:BP.B)

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs). This segment also engages in the ownership and management of crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as in NGLs processing business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemical products and related services to wholesale and retail customers. It offers gasoline, diesel, and aviation fuel; lubricants, and related products and services to the automotive, industrial, marine, and energy markets under the Castrol, BP, and Aral brands; and petrochemical products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemical products. The Rosneft segment engages in the exploration and production of hydrocarbons, as well as jet fuel, bunkering, bitumen, and lubricants activities. This segment also owns and operates 13 refineries in Russia; and approximately 2,960 retail service stations in Russia and internationally. The company also produces ethanol, bio-isobutanol, bio-power, and solar energy; transports hydrocarbon products through time-chartered and spot-chartered vessels; and holds interests in onshore wind sites. BP p.l.c. was founded in 1889 and is headquartered in London, the United Kingdom.

BP.B Stock Price History

BP.B Stock News Headlines

BP Layoffs 2024: What to Know About the Latest BP Job Cuts
BP Rebounds Into $15.2 Billion Net Annual Profit
See More Headlines
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Industry, Sector and Symbol

Industry
Oil & Gas Integrated
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
69,600
Year Founded
N/A

Profitability

Net Income
£9.29 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£201.08 billion
Cash Flow
GBX 143.70 per share
Book Value
GBX 416 per share

Miscellaneous

Outstanding Shares
20,010,000,000
Free Float
N/A
Market Cap
£30.72 billion
Optionable
Not Optionable
Beta
0.54
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Key Executives

  • Mr. Robert Warren Dudley (Age 64)
    Group CEO & Exec. Director
  • Dr. Brian Gilvary (Age 57)
    Group CFO & Exec. Director
  • Mr. David Eyton (Age 58)
    Group Head of Technology
  • Dr. Angela R. E. Strank (Age 66)
    Chief Scientist & Head of Technology - Downstream
  • Mr. Craig Marshall
    Group Head of Investor Relations

Should I Buy BP PLC 9 Percent Preferred Shares Stock? BP.B Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in BP PLC 9 Percent Preferred Shares:

  • BP PLC 9 Percent Preferred Shares offer a fixed dividend yield of 9%, providing investors with a steady income stream.
  • Recent positive developments in BP's business operations have led to increased investor confidence, potentially driving up the stock price.
  • Preferred shares typically have priority over common shares in receiving dividends and assets in case of liquidation, offering a level of security to investors.
  • BP's strong financial position and global presence make it a stable investment option in the energy sector.
  • Investing in BP PLC 9 Percent Preferred Shares can be a hedge against market volatility due to the fixed dividend payout.

Cons

Investors should be bearish about investing in BP PLC 9 Percent Preferred Shares for these reasons:

  • The current stock price of BP PLC 9 Percent Preferred Shares may already reflect the positive developments, limiting potential short-term gains for investors.
  • Preference shares are less liquid than common shares, which could make it challenging to sell them quickly if needed.
  • If interest rates rise significantly, the fixed dividend yield of 9% may become less attractive compared to other investment opportunities.
  • BP's business operations are subject to regulatory and environmental risks, which could impact the company's financial performance and, consequently, the preferred shares.
  • Investors should carefully assess their risk tolerance and investment goals before considering BP PLC 9 Percent Preferred Shares due to the inherent risks associated with investing in individual stocks.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, June 8, 2024. Please send any questions or comments about these BP PLC 9 Percent Preferred Shares pros and cons to contact@marketbeat.com.

BP.B Stock Analysis - Frequently Asked Questions

How have BP.B shares performed in 2024?

BP PLC 9 Percent Preferred Shares' stock was trading at GBX 146.50 at the beginning of the year. Since then, BP.B stock has increased by 4.8% and is now trading at GBX 153.50.
View the best growth stocks for 2024 here
.

Is BP PLC 9 Percent Preferred Shares a good dividend stock?

BP PLC 9 Percent Preferred Shares (LON:BP.B) pays an annual dividend of GBX 9 per share and currently has a dividend yield of 5.94%. BP.B has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.

What other stocks do shareholders of BP PLC 9 Percent Preferred Shares own?

Based on aggregate information from My MarketBeat watchlists, some companies that other BP PLC 9 Percent Preferred Shares investors own include ServiceNow (NOW), Broadcom (AVGO), Airbus (AIR), American Express (AXP), Alibaba Group (BABA), Salesforce (CRM), Cisco Systems (CSCO), Dropbox (DBX), Enterprise Products Partners (EPD) and Alphabet (GOOG).

How do I buy shares of BP PLC 9 Percent Preferred Shares?

Shares of BP.B stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

This page (LON:BP.B) was last updated on 6/11/2024 by MarketBeat.com Staff

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