On the way to $56 a share. What you all miss is that the current price jump is because of geopolitical conflicts. But the higher price and revenues help pay down debt much faster. The 700+ layoffs add another 400-500 mm to cash flow. Keeping salary raises and bonus low will likely add another 1B for buybacks or cash flow which should all drive stock price higher. Divestment will further improve the balance sheet. If any of the projects does not work out next year, they will no longer get capital for investment. Work hard, love what you do, and the share price increase will get us more secure and increase our market cap to at least 130B by next year.
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@bm target reached? Or have the goalposts moved? Ha
@11h Thanks, my message was more for current employees and myself to hang in there. End of the day BP does care, maybe a bit too much that resulted in reinvent in the first place, the timelines just did not align, and governments and banks encouraged us, but did not support once they realized it’s not as profitable. While there are exceptions like the snake, most LT do want to do the right thing.
@ar currently at pace to meet our 2027 net debt target in 2026 with current oil prices + discipline. I would say that’s pretty significant!
@op not sure why you’re getting downvoted, you’re spot on! Maybe even conservative for the 12m projections. Outside of the fact that the participants of this site are usually not happy with the co!
seems like a P&C person wrote this.
I’m not as bullish. Happy to unload all my shares at $50 already!
Something significant will have to happen to hold above 47