What's going to happen to the FTSE100 when BP and Shell go bankrupt?

CreditCardChris

The world is moving away from oil to electric and renewable energies so where does this leave the oil giants? Not just BP and Shell but all the oil companies around the world.
BP and Shell both hold considerable weight in the FTSE and when they got bust due to oil usage decline, won't the FTSE100 take a massive hit as we'd be losing 2 of the largest companies in the index?

Or do you think that by the time this happens the FTSE100 will have more extremely valuable companies listed on it that will dilute the weight of the oil companies and their collapse won't affect the FTSE100 too much? 

womble_87

Both companies are investing in renewable energy etc. They are not in a dreamland and oil requirements will be around for some time to come yet.

george4064

They will just get replaced by the top 2 constituents of the FTSE 250, the change over could be a good thing for the FTSE 100.

NedS

Given Shell has already dropped 60% in value since last summer, one wonders how much lower it can go. Either way, it's contribution to the FTSE100 has already been substantially reduced. I doubt Shell will go bankrupt in the next 10 years given oil and gas will be around for some time yet, and oil majors are investing in renewables.

Anyone taking bets on what will happen to the dividend?

CreditCardChris

It can and will go to 0 if they don't switch to renewable energies double quick.

Username999

CreditCardChris said:

It can and will go to 0 if they don't switch to renewable energies double quick.

If you had an EV you would of heard of BP ChargeMaster...

https://bpchargemaster.com/about/

couriervanman

CreditCardChris said:

It can and will go to 0 if they don't switch to renewable energies double quick.

Someone doesn't like Shell & BP......me personally i will be buy a load more BP shares 

CreditCardChris

couriervanman said:

CreditCardChris said:

It can and will go to 0 if they don't switch to renewable energies double quick.

Someone doesn't like Shell & BP......me personally i will be buy a load more BP shares 

I don't have anything against them or in favour of them, I'm neutral.
I'm just thinking from an investment point considering their primary income source is finite, slowly being rejected by the world and they have massive market caps in the FTSE100.

Thrugelmir

CreditCardChris said:

couriervanman said:

CreditCardChris said:

It can and will go to 0 if they don't switch to renewable energies double quick.

Someone doesn't like Shell & BP......me personally i will be buy a load more BP shares 

I don't have anything against them or in favour of them, I'm neutral.
I'm just thinking from an investment point considering their primary income source is finite, slowly being rejected by the world and they have massive market caps in the FTSE100.

Then rather aimlessly meander. Research the companies themselves. Plenty of information on their own websites. 

Username999

NedS said:

Anyone taking bets on what will happen to the dividend?

Hmmm.
Over the next 30 years it will return more income than say APPLE.
IMHO.

Thrugelmir

Username999 said:

NedS said:

Anyone taking bets on what will happen to the dividend?

Hmmm.
Over the next 30 years it will return more income than say APPLE.
IMHO.

Closing all their retail stores outside of China for 2 weeks is going to come at some cost as well.