BP bids potential $14B investment in Scottish offshore wind lease

  • BP (NYSE: BP ) and partner EnBW say they submitted a joint bid for a lease area off Scotland's coast that could support offshore wind projects with capacity to generate 2.9 GW.
  • BP says its joint bid represents a potential GBP10B ($14B) investment into Scottish offshore wind projects and support infrastructure including ports, harbors and shipyards.
  • The bid focused on fixed-bottom wind turbines rather than floating turbines that comprised bids by other companies, BP 's head for gas and low carbon Dev Sanyal says.
  • Equinor (NYSE:EQNR) says it submitted a bid for a floating wind power project in the leasing round.
  • The company already operates the 30 MW Hywind floating offshore wind farm off the Scottish coast and is a partner in several other British offshore wind farms.
  • The results of the ScotWind leasing round are expected to be announced early next year.
  • Royal Dutch Royal Dutch Shell ( Royal Dutch Shell A .A, Royal Dutch Shell A .B) and Iberdrola-owned ScottishPower said last week they were teaming up to place a bid.

    Over the current book year the total revenue from the company in London will be 239.98 billion GBp (consensus estimates). This is rather significant more than 2021's revenue of 161.29 billion GBp.

    Historical revenues and results BP plus estimates 2021

    aandelenanalyse

    The analysts expect for 2021 a net profit of 10.3 billion GBp. According to most of the analysts the company will have a profit per share for this book year of 51 GBp. With this the price/earnings-ratio is 6.

    Huge dividend BP

    For this year the analysts expect a dividend of 21 GBp per share. BP 's dividend yield thus equals 6.86 percent. The average dividend yield of the oil & gas producers is a good 3 percent.

    Most recent target prices around 371 GBp

    The most recent recommendations for the oil & gas producer are from RBC Capital Markets, UBS and Deutsche Bank .

    BP 's market capitalization is based on the number of outstanding shares around 6195.15 billion GBp. 8

    Historical stock prices BP

    financial analysis bp

    At 15.21 the stock trades 1.24 percent lower at 306.1 GBp.

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