Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  BP    BP.   GB0007980591

BP (BP.)
Mes dernières consult.
Most popular
Delayed Quote. Delayed  - 11/17 05:35:24 pm
493.1 GBp   +0.40%
11/17 BP : Shell's Muller quits as world's biggest crude oil trader
11/17DJSTOCKS : Oslo Reviews Oil Holdings -- WSJ
11/16 FTSE rebounds as earnings in focus, GKN tumbles
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

BP : Saudi Aramco CEO says listing on track for 2018 - CNBC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/23/2017 | 12:31pm CET
Visitors are seen at the Saudi Aramco stand at the Middle East Process Engineering Conference & Exhibition in Manama

Saudi Aramco's initial public offering will take place in 2018 as planned and the listing venue will be revealed in due course, the company's chief executive said in a CNBC interview broadcast on Monday.

"We have always said that we will be listing in 2018, and to be more specific, in the second half of 2018," CEO Amin Nasser said, later adding: "The IPO is on track. The listing venue will be discussed and shared in due course."

Aramco is preparing to list about 5 percent of its shares in local and international stock markets. It has yet to choose an overseas market. Nasser rejected a report that China was emerging as a frontrunner in a possible plan to delay the IPO and sell shares to sovereign wealth funds, CNBC said.

"Saudi Aramco are not talking, as I said, to the Chinese or others," he said.

Regarding the IPO process and possible venues for the listing, Nasser said all was still being considered.

"All of that analysis is being reviewed in detail ... to make a decision at a certain stage, and we're not going to be pushed, you know, by a journalist saying this needs to be talked about or not."

Reuters reported last week that China was offering to buy up to 5 percent of Saudi Aramco directly. The Financial Times reported earlier this month that the company was considering shelving IPO plans in favour of a private share sale to world sovereign funds and institutional investors.

Nasser also said Aramco will "meet all the requirements of that market in terms of reserve assessment" and other rules of the country where it chooses to list. He said Saudi Arabia was largely operating in line with its closest peers, such as Exxon Mobil (>> Exxon Mobil Corporation) and BP (>> BP).

"I can say Aramco has always been run like a publicly traded company," he said. "If you look at our governance, we have independent board members. Everything that has been done in the company is similar to any international oil company in terms of the way we do business."

Saudi Arabia's Crown Prince Mohammed bin Salman said last year the country was considering listing about 5 percent of Aramco in 2018 in a deal that could raise $100 billion (£75.9 billion), if the company is valued at about $2 trillion as hoped.

(Reporting by Sylvia Westall. Editing by Dale Hudson and Jane Merriman)

Stocks treated in this article : Exxon Mobil Corporation, BP
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BP
03:10a OMAN OIL MARKETING SAOG : Khazzan gas field project
11/18 BP : U.S. wants input on Alaskan oil production proposal
11/17 Oil giants unlikely to share coal’s fate in the short term
11/17 BP : Shares Buy Backs at Oil Giant Follow Cost Cutting Drive Which has Taken Tol..
11/17 BP : Shell's Muller quits as world's biggest crude oil trader
11/17 OIL INDUSTRY NEEDS INCREASING INVEST : BP official
11/17 BP : FERC Issues Letter Involving Equitrans of Pittsburgh
11/17 ASPEN TECHNOLOGY : BP Partners with AspenTech to Improve Operations Through Tech..
11/17DJSTOCKS : Oslo Reviews Oil Holdings -- WSJ
11/16 FTSE rebounds as earnings in focus, GKN tumbles
More news
News from SeekingAlpha
11/17 Part I - 5 Offshore Drillers Still In The Race After Q3 - Doomed?
11/16 Norway's $1T wealth fund considers exiting oil and gas stocks
11/15 Crude oil posts fourth straight loss as crude inventories swell
11/15 WALL STREET BREAKFAST : Order War At The Dubai Airshow
11/15 BP restarts share buybacks
Financials ($)
Sales 2017 235 B
EBIT 2017 11 130 M
Net income 2017 5 570 M
Debt 2017 37 873 M
Yield 2017 6,03%
P/E ratio 2017 23,38
P/E ratio 2018 17,17
EV / Sales 2017 0,71x
EV / Sales 2018 0,68x
Capitalization 129 B
Chart BP
Duration : Period :
BP Technical Analysis Chart | BP. | GB0007980591 | 4-Traders
Technical analysis trends BP
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 6,88 $
Spread / Average Target 5,6%
EPS Revisions
Managers
NameTitle
Robert W. Dudley Group Chief Executive Officer & Executive Director
Carl-Henric Svanberg Chairman
Brian Gilvary Group Chief Financial Officer & Executive Director
Paul Milton Anderson Independent Non-Executive Director
Ian Edward Lamert Davis Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BP-3.24%128 823
EXXON MOBIL CORPORATION-11.10%339 985
CHINA PETROLEUM & CHEMICAL CORP9.98%104 461
RELIANCE INDUSTRIES LIMITED67.53%88 833
SAUDI BASIC INDUSTRIES CORPORATION SJSC--.--%79 842
SUNCOR ENERGY INC.1.96%58 612