|
|
 |
|
Viewing report
|
|
|
|
BP PLC Jul 05
Standard & Poors, July 2005
Abstract
Massive, global, cost-competitive upstream operations with adequate reserve-replacement rates and sustained production-growth expectations to 2008; Unique competitive strengths to supply the growing and lucrative U.S. gas market from U.S. and Trinidad and Tobago equity reserves; and Massive, diversified, and profitable refining and marketing operations across the U.S. and Western Europe. Share repurchases, which will absorb all free cash flow generated by net disposals and by prices exceeding $20/barrel Brent and $3.5/thousand cubic foot (mcf) Henry Hub; Sharp recent dividend increases; Significant unfunded asset-retirement obligations globally and deficits outside the U.S. and U.K. on postretirement benefits; and Low proven developed hydrocarbon reserves as a proportion of total proven reserves. The ratings on U.K.-based oil major BP PLC reflect its extremely strong...
Companies mentioned in this report are: BP PLC,BP Products North America Inc.,Atlantic Richfield Co.,Standard Oil Co. Inc.,Standard Oil Co.,BP Co. North America Inc.,BP Corp. North America Inc.,BP Australia Capital Markets Ltd.,Burmah Castrol Inc.,BP Capital Markets PLC,BP Capital Markets America Inc.,BP Canada Energy Co.,Burmah Castrol PLC,Amoco Argentina Oil Co.,Jupiter Insurance Ltd.,BP America Production Co.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
|
|
|
|
