Even though oil prices and refining margins weren't that great this past quarter, BP (NYSE:BP) was able to beat earnings expectations again thanks to better-than-expected performance from its upstream production and management's ability to wring out costs. That, and lower expenses related to the 2010 Gulf of Mexico oil spill, are giving management some more flexibility to spend on new development projects.
What's more encouraging, though, is that this quarter didn't get much from its recent acquisition of shale assets. So with these assets now in the fold, let's take a look at what investors can expect for the rest of the year. What is surprising about this past quarter is that just about every market indicator that BP uses for its business -- crude oil realization prices, heavy crude oil differential prices in North America, and overall refining margins -- worked against the company compared with both this time last year and the prior quarter. Based on BP's recent string of results and management's plans to grow its dividend and share repurchases once it gets done digesting this recent acquisition, it would appear that the company is on a decent path to reward shareholders.
Source: Motley Fool
Related Articles:
- 2 Low P/E Value-Stocks, Yielding 4% Or Higher
- 5 Stocks With A Low Debt To Total Capital
- Should You Sell A Dividend Stock After A Dividend Cut?
- All Investing Involves Risk
- 4 Dividend Stocks With Room To Increase Their Payout
BP Isn't Getting Enough Credit From Wall Street
Posted by D4L | Wednesday, May 29, 2019 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
The quick rise in interest rates over the past year turned investor sentiment toward REITs negative. Higher interest rates make it harder fo...
-
Indeed, with recession on the horizon, investors are increasingly emphasizing quality, safety and dividends in their portfolio selections. W...
-
Ultimately, dividend income and capital appreciation come out of one bucket. So focusing on total return, not just dividend yield, will help...
-
A great year for dividend growth stocks is one in which there are few dividend cuts and fewer companies that failed to raise their dividends...
-
Cash is king when you’re looking to add dividend stocks to your portfolio There’s ample reason for caution. In case you haven’t noticed, a l...
-
Countless people dream of being able to pay their bills with the cash they receive from their investments. But it doesn't have to be jus...
-
There's no time like the present to invest in dividend stocks. Doing so kicks off the process of receiving extra income in the form of d...
-
The Financial Services Sector includes insurance companies, banks, brokerages, mutual funds and other similar companies. Before the 2008-09 ...
-
Linked here is a detailed quantitative analysis of Union Pacific Corporation (UNP). Below are some highlights from the above linked analysis...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.