RE: Elliott pushing other investors to line up23 Mar 2025 09:48
A business that does not diversify, adapt, change with the times or is a visionary, becomes a Dinosaur and is leading a dying business.
BP had to diversify to avoid being a Dying Dinosaur in a world where Oil will not be dominant in decades to come, but yes political pressure is shocking and awful within a Capitalist Economy and environment.
IMO, BP should have spun out a Secondary business for cleaner greener energy, as Oil will eventually die out, but green takes decades of investment and many bumps along the road. List the Secondary business and issue shares to share holders for that Subsidiary. Share holders can choose to sell in protest or additionally you could new ESG Investors or Green Activists coming on board to help turn the giant tanker that BP is.
With a real long term vision for the business, not pressure from Nut Zero Milliband and his 1 man vision to destroy our Energy Security.
Secondary business could have strategically planned long term infrastructure within Markets, think Tidal which is more reliable than wind turbines where you have to pay land owners to turn them off, or they set on fire. And more secure than Solar Panels which are mainly made by China..
I’m pretty sure the Secondary Business would have troubles along the way, not impacting the Oil & Gas main business that we’ve always done so well in, but that Green BP Spin off would be future proofed and viable in the future.
China has been incredibly smart & forward thinking with there Infrastructure projects across the globe and have got a hold on most Global economies now, because they were visionaries and thought of the future..
If BP don’t think ahead and plan, then 1 day they’ll arrive to the board room and realise all the oil is gone or very few want / need it any more.
Or, just keep shouting out that you want to sell it all to the competition because you want a quid in your pocket now.
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