GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Gingy
They used to say that to get sanctioned by the board you needed to be able to prove that you could get a return on capital of at least 16%.
These figures are well,out of date,so do not know if it’s still the case.
Several renewable types ( solar, ev charging) the board say give similar returns to that.
The board also say they can add 4% to that by trading.
Personally think the main threat with renewables is if subsidies drop.
Except US offshore wind which is to be avoided for now
We plan to get simpler to create value
For bp, the past four years have largely been about origination. Everywhere you look across the business we have tons of options – in oil and gas, solar, bioenergy, hydrogen, offshore wind, EV charging.
The big focus now is getting our organization, the engineers and the commercial people moving from origination to execution. Focusing means forcing the pace on decisions, stopping lower-value activity and reallocating our people to the right place to speed up delivery times on projects to increase value. To me, it’s all about focus, challenging ourselves to simplify everywhere we can.
Take our oil and gas business as an example. Over the past few years, we have centralized projects and operations and created agile squads that move to priority work. We have a ‘design one, build many’ mindset, and we have continued to lead on digitization and technology.
This is delivering results, creating value and lowering emissions. Our underlying oil and gas production grew by 2.6% last year and we expect to grow earnings (EBITDA) to 2025, then keep them at that level through to 2030, with the capacity to sustain earnings at this level well into the next decade.
Clued
There does appear to be positive news regarding both BP and many other UK shares.
Hopefully this is the start of UK valuations being more normal.
FTSE 100 near 52 week high.
It’s funny how when sentiment does change, no one wants to miss it and momentum starts to play its part.
And the stocks that no one would touch last week, suddenly even thought 50 p higher are the new must have.
Hopefully both BP and my other UK shares fit that description soon.
Unilever is working with advisers to drum up interest from private equity groups for its ice cream division after the consumer goods group announced plans to hive off the business.
Bankers at Morgan Stanley and JPMorgan have reached out to buyout investors to solicit interest for the ice cream business — which includes brands such as Wall’s, Magnum and Ben & Jerry’s — said people familiar with the matter. Deliberations remain at a preliminary stage, they added.
This notification relates to the sale by Pfizer Inc. ("Pfizer") of a portion of its interest in Haleon plc ("Haleon").
Pfizer sold 594,000,000 Haleon ordinary shares and 196,554,820 ordinary shares in the form of American depositary shares, each representing two ordinary shares ("ADSs") pursuant to a global offer. In connection with the global offer, Haleon repurchased 102,272,727 ordinary shares from Pfizer in accordance with the terms of a share purchase deed between Haleon and Pfizer dated 11 September 2023 and approved by Haleon's shareholders at its annual general meeting on 20 April 2023.
These calculations are based on an issued share capital of Haleon of 9,132,301,104 ordinary shares, following cancellation of the 102,272,727 ordinary shares repurchased from Pfizer, as communicated by Haleon in their announcement on total voting rights and capital dated 21 March 2024.
Pfizer holds its ordinary shares in Haleon through (i) BofA Securities, Inc., and (ii) Guaranty Nominees Limited (in respect of the ADSs), which hold the legal title to those shares on Pfizer's behalf.
Https://ycharts.com/companies/BP/dividend_yield
It’s based on US prices
U.K.-based BP Plc is considering sanctioning its deepwater Kaskida project in the Gulf of Mexico (GoM) by 2024, CEO Murray Auchincloss said during CERAWeek by S&P Global.
“We're hopeful to get to sanction on Kaskida this year,” Auchincloss said during a March 19 plenary session with S&P Global Vice Chairman Daniel Yergin.