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As BP reports Q4 results Helal Miah, investment research analyst at The Share Centre, explains what they mean for investors.

BP’s Q4 results were slightly ahead of consensus. A drop in figures compared to 2011 numbers was expected, reflecting the large number of divestments made during the year. The continuing effect of this means that production in 2013 is still expected to be lower than 2012, despite four major upstream projects due to be productive by the end of the year.

Investors will be pleased to hear new projects are set to increase production, operating cash flow and earnings momentum in the medium to long term.

We believe BP is slowly managing the Gulf of Mexico incident and continue to recommend investors look beyond the disaster and ‘buy’ BP. The company is restructuring its portfolio to become a more focused oil and gas producer and offers good potential for long term growth, whilst paying a competitive dividend.

All information given including prices, yields and our opinion is correct at the time of publication.  Our opinions on investments can change at any time and for our latest view please go to www.share.com.  To understand how our Advice team arrive at their views please read our Investment Research Policy.

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  1. BP has been hit by a new $34bn (£21.7bn) claim for alleged economic losses and punitive damages resulting from the Deepwater Horizon oil spill in the Gulf of Mexico . The latest demand comes from local and southern state governments, including Louisiana and Mississippi, hit hard by the pollution that followed the blowout on the BP-operated Macondo well in April 2010. BP described the methodology for calculating the claims as “seriously flawed” and the oil company said it was confident it would not have to make additional financial provisions. [The Guardian]

    If this is the kind of respect her trusted old friend US now shows BP, what might a maligned old Bear like Russia see fit to do to her in future.

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