Shares in focus: Is BP's well running dry?

BP is a great money-spinner, but the oil giant comes with plenty of risk. Should you buy in? Phil Oakley investigates.

BP faces big problems, but it will continue to spin off cash for investors, says Phil Oakley.

Not so long ago, BP was seen as a share you could buy and almost forget about. It had become so good at delivering the goods that it warranted a place in most investors' portfolios. By buying up companies such as Burmah Castrol, Amoco and Arco, it turned itself into one of the big beasts of the world's oil and gas companies a so-called oil major'.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.