What am I doing with my BP shares?

Tag: 上海品茶网CWN

first_img A year ago, it was hard to be optimistic about BP (LSE: BP) shares. Oil prices were very low, the company had to take extremely large impairment charges and it was also unprofitable. Despite this, I bought BP shares, due to its strong recovery prospects and the fact that it is transitioning into greener energy. Since then, things have become slightly better for the oil giant. Indeed, oil prices have made a strong recovery and BP has returned to profitability. As such, is now the time for me to buy more shares?Green revolutionLast year, BP announced that it was transitioning into greener energy, through increasing its low-carbon investments by 1,000% by 2030. It has also shown its commitment to this green future with some recent acquisitions. For example, it has just bought 9 gigawatts of solar projects in the US for around $220m, while also adding some other renewable assets in Europe. At the same time, BP has also been selling many of its oil assets, to help refocus the business.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…I am optimistic about this transition into greener energy, which is one of the main reasons why I initially bought BP shares. Despite this, it does have to be mentioned that the renewable energy sector is competitive, and BP may have left its transition too late. Indeed, the company’s oil assets are worth significantly less than they would have been a few years ago.The trading updateFortunately, I feel that BP is well supported by its current hydrocarbon business in the short term. In fact, in its first-quarter trading update, the company made a profit of over $4.6bn, with operating cash flow of over $6bn. Due to these strong results, BP has also been able to reduce debt significantly, while also reintroducing its share buyback programme. This demonstrates optimism for the future, and I have bought more BP shares since this excellent trading update.There are two main risks that I can highlight with the BP share price. Firstly, there is the uncertainty presented by the pandemic, especially on a global scale. This could cause oil prices to fall, a very large negative for any oil firm. Secondly, due to climate change, the long-term future of oil firms does look uncertain. Although BP is making the transition into greener energy, and at a quicker pace than other oil companies, there is the risk that it becomes a far smaller company in the future.Is it time for me to buy more BP shares?In comparison to last year, the prospects look far brighter for this FTSE 100 stock. Nonetheless, I feel that this has not fully been reflected in the BP share price, currently priced at around 320p. This is far lower than its pre-pandemic price of around 500p. This cheap price may be one reason why the company has restarted its share buyback programme. As such, and because of these improved fortunes, I will happily continue buying BP shares. Stuart Blair | Tuesday, 8th June, 2021 | More on: BP It was released in November 2020, and make no mistake:It’s happening.The UK Government’s 10-point plan for a new “Green Industrial Revolution.”PriceWaterhouse Coopers believes this trend will cost £400billion……That’s just here in Britain over the next 10 years.Worldwide, the Green Industrial Revolution could be worth TRILLIONS.It’s why I’m urging all investors to read this special presentation carefully, and learn how you can uncover the 5 companies that we believe are poised to profit from this gargantuan trend ahead! Simply click below to discover how you can take advantage of this. Our 5 Top Shares for the New “Green Industrial Revolution” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Enter Your Email Addresscenter_img What am I doing with my BP shares? Image: BP I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Stuart Blair owns shares in BP. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Access this special “Green Industrial Revolution” presentation now See all posts by Stuart Blairlast_img read more