Member Info for Jakers

Hi Spights

I agree as we were moving at pace set by him to focus on oil and gas.

Timing (for the stock price) could hardly be worse more especially if we are to believe that a framework has been reached for peace in the middle east, so two broadsides on the stock price which could see us returning to something starting with a 4. In time we may know more but there is a nagging alarm in my mind that the board have acted hastily and potentially illegally in this matter, with blatant disregard for shareholders

Albert Manifold has hired renowned lawyers Mischon De Reya to act for him in his suit against bp. He certainly chose the best in the business.

Pang

One thing AM said is that he was challenging excess within bp that tells you the board have taken this step to maintain the gravytrain which he sought to rein in.

The board members would seem to have their greedy snouts immersed in troughs of avarice and its too good to give up.

PaddygG

I suspect there's been a lot going on behind the scenes that we won't ever get details of. Albert Manifold is a hard nosed businessman who doesn't suffer fools lightly and my guess for what it's worth us that he has kicked ass of some underperformed senior management who are unaccustomed to being told to get their finger out and actually earn their fat salaries something that has been lacking to our cost for some time in bp. I think time will tell but for one I believe the board have made a big error of judgement, probably inspired by their overriding desire to protect their cushy positions

Chandley, I disagree, I think he will be a huge loss to bp, just because he put a rocket under some of the complacent board members who have got accustomed to getting hugely rewarded for doing precious little. I hope Meg will have the courage to drive through the policies he was steering us.into. ive long held the view that there are far too many overpaid individuals in bp who desperately want to protect their very comfortable lifestyles. Its a sad day for bp and us shareholders

Lol Meoryou, count ne in

Hi Meoryou, well i certainly didnt see that coming...

As shareholders we should be given more clarification around the reasons for his removal by the board especially as he has only been at the helm such a short time, must've been something very serious as this reflects negatively on bp. I do wonder if we aren't massively overpaying there individuals for the work they perform.

Hi Harmonica,

Most reasonable people accept that the drive towards renewable energy is a good think even if it takes many years to get there. In the meantime how does it help our planet if uk government allows Russian oil to be imported into the UK as long as it is refined someplace else, but at the same time killing off north sea oil and associated jobs , not to mention the negative impact on our balance of payments and revenue to the exchequer, and to make matters even worse aiding russian aggression in ukraine

LeeRex

Respectfully ,

Arguably you can blame president trump however the inescapable fact remains, Starmer and nincompoop Milliband are blinded by their Marxist ideology. We have copious amounts of untapped oil in the North sea which they refuse to grant licences to extract and prefer to reward putin by enabling russian oil into uk while the specialist workforce in aberdeen are facing redundancy at an unprecedented scare. The prime minister and milliband should hang their heads in shame ...

UK government about to make yet another U turn on sanctions against Russia allowing Russian oil to be imported into UK as long as its refined somewhere else.

What hypocrisy!!!

Mimillasa,

Great then what let Putin take over ??? I don't think so

Paddy,

Meg O'Neil has as recent as the last couple of days that delisting from London and transferring to New York is not currently a priority for BP, so there may well be some mileage in your point regarding merger or takeover from Shell. Could be an interesting few months ahead.

Wow what a turn of events for Reform. Mr Starmer refuses to resign and plunge the country into a crisis lol,

His massive ego prevents him from realising that he is already the prime cause of the crisis. Get rid of him and start drilling now !!!

LawStudent95

525

Dare we hope that peace will come and the straits reopen with free flow to all shipping.

This will be a litmus test of the true value of bp stock which will be revealed soon.

As long as it starts with 5 I'm happy

Hi Meoryou/Spights

Therein lies the utter madness of Milliband idealogy which everyone can see but him apparently (none so blind etc)

Morning Meoryou

I agree, bp is unloved by uk government and it doesn't look like that attitude will change anytime soon with the potential back stabbing fest likely to breakout after local elections expose the true feelings in this country toward the godawful government

Have a good weekend

Meg O'Neil has ordered a review of all assets that are subject to a windfall tax with a view to selling all North Sea assets. This could be the first steps to walking from uk completely.

Harmonica

Unsurprisingly neither commented on the amount of additional windfall tax the government steals as a consequence.

Harmonica

What did you expect from that pointless trash.

Milliban has weighed in as well...