TONY SHEPARD | CHARLES STANLEY
BP is making progress. It is doing very well on the disposals and improving safety. It’s going ahead with investments too, which suggests a good deal of confidence.
GREG SMITH | FAT PROPHETS
Oil and gas prices have meant higher production income despite a fall in actual production, which was expected given the moratorium in the Gulf. There was even talk of dividends. On the other hand, the cost of the clean-up is higher than expected, and the firm has systemic safety issues.
JONATHAN JACKSON | KILLIK & CO
As expected, the numbers were hit by a further provision for the Gulf spill, but we remain confident BP has the financial strength to cope with the final cost of the incident.