|Bid||36.62 x 3100|
|Ask||36.69 x 3100|
|Day's range||36.14 - 36.60|
|52-week range||25.37 - 36.60|
|Beta (5Y monthly)||0.65|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||1.38 (3.80%)|
|Ex-dividend date||09 Nov 2022|
|1y target est||39.60|
Oil and gas group says countries are pursuing energy security by backing domestic, renewable supplies
Investment in oil and gas production will be needed for the next three decades if the world is to avoid more shortages and price swings, BP has warned.
BP has trimmed its outlook for oil and gas demand in its latest annual forecast, arguing that the upheaval unleashed by Russia’s invasion of Ukraine will push countries to pursue greater energy security over the next decade by investing in renewables. As a result, global carbon emissions could peak earlier in the 2020s than it had previously suggested, BP said in its annual energy outlook on Monday. Under its “New Momentum” scenario, which is designed to “reflect the current broad trajectory” of the world’s energy system, oil demand would be about 93mn barrels a day in 2035, 5 per cent lower than it forecast last year, and natural gas demand would be 6 per cent weaker.