Bharat Petroleum Corporation Ltd (BPCL)

Emkay Recommends Buying BPCL with Target Price of Rs 370/Share - 24 Jul, 2024

BPCL's Q1FY25 performance beat expectations, with SA EBITDA/APAT falling 40-45% QoQ each to Rs56.5/30.1bn but was a 19%/35% beat. Reported GRM stood at US$7.9/bbl vs our estimate of US$7.0/bbl. Implied marketing margin saw an 8% miss at ~Rs4.9/kg, but was offset by an 8% lower opex runrate and Rs4.1bn of inventory gains. Mgmt indicated margin comfort at US$80-85/bbl for crude, and expectation of better refining spread ahead which should support its capex program and its aim to double profit by FY30.

BPCL Stock Falls After Union Budget Misses Allocation for OMCs - 23 Jul, 2024

Bharat Petroleum Corporation Ltd's stock fell after the Union Budget 2024 missed allocating funds for OMCs. Prabhudas Lilladher reduced its target price to Rs. 269 and maintained a 'Reduce' rating based on weak Q1FY25 results. The government dropped plans to infuse Rs. 15,000 crore equity in BPCL and other state oil marketing companies due to their profitability.

BPCL Receives Positive Ratings from Analysts - 22 Jul, 2024

Bharat Petroleum Corporation Limited (BPCL) announces the record date for its final dividend for FY 2023-24. Jefferies and Nomura maintain their Buy ratings on BPCL with target prices of Rs 385 and Rs 368 respectively, citing favourable refining and marketing outlook.

BPCL Reports Weak Q1 Results, Expects Improvement in FY25 - 21 Jul, 2024

Bharat Petroleum Corporation Ltd (BPCL) reported a 73.2% YoY dip in net profit for Q1 due to weak refining margins. However, BPCL expects improvement in refining prospects in FY25 and plans to invest Rs 60,400 crore this financial year. The company also informed analysts of a Rs 1.5-1.7 trillion capital expenditure over the next four to five years. BPCL anticipates government compensation for LPG under-recoveries.

BPCL Q1 Net Profit Drops 73% - 20 Jul, 2024

Bharat Petroleum Corporation Ltd reports a 73% drop in Q1 net profit due to lower margins and fuel price reduction. The company also expects Middle Eastern crude producers to cut OSPs.

BPCL Reports Drop in Q1 Net Profit; Moody's Affirms Stable Outlook - 19 Jul, 2024

BPCL's Q1 net profit drops by 73%, impacted by lower fuel prices and softer refinery margins. However, market sales increased, driven by petrol, LPG, and ATF. Moody's affirmed a stable outlook for the company, expecting strong operating performance amid growth in consumption of petroleum products.

Mixed Outlook for Bharat Petroleum Corporation Ltd - 18 Jul, 2024

Bharat Petroleum Corporation Limited (BPCL) is facing challenges with an unstable dividend track record, high debt levels, and an expected decline in earnings. However, Moody's expects steady operating performance for BPCL, reflecting its appropriately positioned credit metrics.

Bharat Petroleum Collaborates with Statiq for EV Charging Network - 17 Jul, 2024

Bharat Petroleum Corporation Ltd (BPCL) has partnered with Statiq to develop a customised app and integrate its existing 2,800 chargers into Statiq's network, accelerating the adoption of electric vehicles in India.

BPCL Collaborates with Statiq for EV Charging Network - 16 Jul, 2024

Bharat Petroleum Corporation Limited (BPCL) collaborates with Statiq to integrate its approximately 2,800 chargers into Statiq's network, accelerating electric vehicle adoption in India. Despite volatile dividends, BPCL offers a high dividend yield of 6.82%.

Big Gas Consumers Oppose Regulator's Move - 15 Jul, 2024

Bharat Petroleum Corp, AG&P City Gas and AM/NS have opposed the regulator's move to ask entities to approve a detailed feasibility report, plant capacity utilisation, evacuation plan, etc. BPCL said that the entity itself is risking its capital to invest in the LNG terminal.

Bharat Petroleum to Announce Q1FY25 Results on July 19 - 14 Jul, 2024

Bharat Petroleum Corporation Limited is set to announce its quarterly results for the quarter ended Q1FY25 on July 19, 2024. The company's Revenue from Operations declined by 5.31% from FY23 to FY24, accompanied by profits of Rs. 2,131 Crores to Rs. 26,859 Crores.

BPCL Plans Massive Capacity Addition with Greenfield Refinery Investment - 12 Jul, 2024

Bharat Petroleum Corporation Ltd (BPCL) plans to establish a greenfield refinery in Andhra Pradesh with investments of around Rs 1 trillion, consistent with massive capacity addition targets set by India's downstream oil sector. The company has also agreed to invest Rs 1 lakh crore in the state, according to Andhra Pradesh Industries Minister T.G. Bharat.

BPCL Plans Expansion Amidst Clean Energy Push - 11 Jul, 2024

BPCL plans to allocate $20 billion towards expansion projects including increasing refining capacity, expanding petrochemical facilities, adding new retail fuel stations, and embracing clean energy initiatives. The company also aims to establish EV charging facilities at 7,000 energy stations over the next five years. Additionally, discussions are underway regarding setting up a refinery and petrochemical complex in Andhra Pradesh.

BPCL Stock Affected by Q1 Results and Talks of Oil Refinery Establishment - 10 Jul, 2024

Bharat Petroleum Corporation Limited (BPCL) stock is affected by its Q1FY25 results, which are expected to show a significant decline in net profit and net sales. Additionally, Andhra Pradesh Chief Minister N. Chandrababu Naidu held talks with a BPCL delegation regarding the establishment of an oil refinery and petrochemical corridor in the state. However, energy stocks may receive a boost from the Russia-India joint statement for energy cooperation.

Bharat Petroleum Bids for Sri Lanka's LPG Company - 08 Jul, 2024

Bharat Petroleum is one of eight bidders for Sri Lanka's state-run LPG company and terminal. The Indian oil marketing company has denied being up for sale despite concerns over weaker earnings in Q1 FY25.

Indian Government Confirms Bharat Petroleum Not For Sale - 06 Jul, 2024

Union petroleum and natural gas minister Hardeep Singh Puri has confirmed that the Indian government will not sell its entire stake in Bharat Petroleum Corporation Limited (BPCL), stating that BPCL is making as much profit in a single year than the price it was supposed to be sold for.

BPCL in Talks for Long-Term Crude Oil Supply Contracts; Andhra CM Urges Refinery Announcement - 05 Jul, 2024

Bharat Petroleum Corporation Ltd (BPCL) is in talks with Brazilian energy major Petroleo Brasileiro SA (Petrobras) for long-term crude oil supply contracts. Additionally, the Andhra Pradesh Chief Minister has urged the central government to announce a new BPCL refinery in the state in the upcoming budget.

BPCL Stock Affected by Reduced Call and Direct Benefit Transfer Scheme - 04 Jul, 2024

Bharat Petroleum Corporation Ltd's stock is affected as HDFC Securities reduces its call with a target price of Rs 275, while the Centre announces payment of Rs 1500 crore to OMCs for direct benefit transfer under the PAHAL DBT Scheme.

BPCL, HPCL, and IOC Reduce Price of Commercial LPG Cylinders - 01 Jul, 2024

Public sector oil marketing companies BPCL, HPCL, and IOC have reduced the retail price of 19-kilogram LPG refills intended for commercial use by approximately Rs 30 per cylinder. The revised rates are effective from July 1.

Bharat Petroleum's Mega Refinery Project in Maharashtra - 28 Jun, 2024

The proposed public sector mega refinery by Indian Oil Corp. Ltd- Hindustan Petroleum Corp. Ltd-Bharat Petroleum Corp. Ltd in the Konkan belt of Maharashtra presents a significant opportunity for Bharat Petroleum.