Member Info for meoryou

Lending

Doesn’t seem too far from the one I had at BP 25 years ago.

Although unofficially we did have employee of the month.( whoever did something positive just before assessment time)as they always got a bonus.

Hi Jakers

It’s been a busy day for me so just catching up.

Agree with all you said.

Reward for success must mean pain for failure.

BP is changing its incentive programme for employees, as part of its “fundamental reset” announced in February.

Bosses have said the changes, which narrows the top incentive bracket, is not about reducing costs but designed to drive a high-performance culture as it delivers its new strategy.

The proposed changes include bringing in individual performance ratings where employees judged exceptional will be paid a higher discretionary annual bonus, but bonuses for weaker performers will be cut, according to an internal memo seen by Energy Voice.

Depending on their own performance, workers rated in the top 25% could now achieve 1.5 times bonus while workers in the bottom 10% will see bonuses halved or cut entirely. For most employees, around 65%, bonus levels will remain around the same or slightly less.

Evaluation will also be done in part against new “scorecards” that reflect the priorities of different areas of the business. This means that discretionary annual bonuses will be linked more closely to performance by employees’ own business division.

For example, if BP’s upstream oil and gas business, which includes the North Sea, had a stellar year, but another part didn’t, the upstream team would still be rewarded for the oil and gas delivery. BP’s previous discretional annual bonus structure rewarded staff more uniformly, based on performance of the company as a whole; with a simpler – if blunter – system for awarding higher bonuses to top performers.

The new programme is being brought in to encourage a “high performance culture” across every BP businesses. It will also come with “more frequent, more structured, higher quality feedback conversations with line managers every quarter.”

Energy major BP (NYSE:BP) was gaining for the seventh straight session on Friday as its shares rose 2.33% to reach $31.64 during afternoon trading.

The company added more than 6% in the preceding six sessions. On a year-to-date basis, BP’s shares have gone up by 7% compared to a 2.39% rise in the S&P500 index.

Earlier this week, Bloomberg reported that Abu Dhabi National Oil Company is considering acquiring certain assets from the British oil firm, should the company choose to break itself up or face increased pressure to divest additional units. Adnoc has held initial consultations with bankers on the prospects, the report added.

BP’s market value has dropped by one-third in just over a year to under $80B and the firm has been struggling with extended underperformance.

Despite this, analysts are optimistic about the company. Both Seeking Alpha as well as Wall Street analysts have rated the stock as a Buy. However, as per Seeking Alpha’s quant ratings, it is advised to Hold the stock. The company has a score of 3.31 out of 5. It has been graded A+ for valuation but D for growth.

Seeking Alpha analyst Andrew Mackie recommends to Buy the stock. Mackie believes that the company is significantly undervalued compared to its U.S. peers, with a substantial valuation gap that he anticipates will narrow over the course of this decade.

“Cost reduction initiatives and portfolio rationalization should strengthen BP's balance sheet, despite recent challenges and activist pressure,” according to the analyst.

If they were any good they would be rich and on a beach somewhere

BP's push to farm down its 100% stake in the deepwater US Gulf's Kaskida project is “well underway”, a top executive at the supermajor told Upstream.

Last July, the UK company sanctioned Kaskida, the supermajor's first greenfield development in the Paleogene play in the US Gulf and its first facility designed to handle up to 20,000 pounds per square inch of downhole pressure — known in the sector as 20k.

The floating production unit is expected to have nameplate design capacity of 80,000 barrels per day of oil, producing from six subsea wells installed in water depths of around 6000 feet and with first oil expected in 2029.

Think Putin will be laughing,as it’s really unlikely that extra sanctions will be applied to Russia until we see how this all goes.

Or are our politicians really stupid enough to sanction Russia and put crude through $100?

We wait and watch

Maybe thats everyone just missed their chance to Takeover BP cheap.

And maybe BP finally got a break with their disposal prices.

But not how I would have wanted it to happen( even if not totally unexpected).

I always believed the market was doing a poor job of deciding BP’s value.

Interesting times

Archaea Energy, a subsidiary of bp, and Rumpke Waste & Recycling have launched two new renewable natural gas (RNG) plants at landfill sites in Wellston and Waverly, Ohio.

The plants use Archaea’s Modular Design (AMD) technology to capture methane-rich landfill gas and convert it into RNG. Together, the facilities can process 6,200 standard cubic feet per minute of landfill gas, enough to heat approximately 25,238 homes per year, according to the U.S. EPA estimates.

“This marks a milestone not only for Archaea but also for the communities in Southern Ohio,” said Craig Marcum, Vice President of Operations at Archaea Energy. “These plants scale up the use of modular technology to accelerate the transition to lower-carbon energy.”

Unlike traditional custom-built RNG facilities, the modular design allows for faster construction and scalability by using standardized, skid-mounted components.

Rumpke, which has operated landfill gas recovery systems since 1986, now has a total of nine RNG and landfill gas-to-energy sites. “We’re proud to expand our green energy efforts in this region,” said Jake Rumpke, Area Vice President. “These projects show that waste can be responsibly managed and productively reused.”

Archaea is currently the largest RNG producer in the U.S., contributing to bp’s broader effort to reduce the lifecycle carbon intensity of the energy it provides to customers.

Rachael Reid has left BP Ventures, the CVC arm of UK multinational oil and gas company BP, after a 13-year long tenure with the corporate.

She joined BP in 2012, working as an engineer and in project delivery in the North Sea. She later moved into project lead and carbon analyst roles and worked on BP’s approach to the energy transition.

Reid’s next step was into the corporate venture arm, BP Ventures, where she became an investment director in December 2023.

BP Ventures was launched in 2007 and targets companies working in the energy, industrial and transport sectors.

Https://oilprice.com/Latest-Energy-News/World-News/Trump-Increasingly-Skeptical-about-Nuclear-Deal-with-Iran.html

Brent $69.20

WTI. 67.55

I’m seeing the gasoline build as still bullish.

Daily production of gasoline went up by 0.7 million barrels =4.9 million extra barrels in a week.

Stocks only built by 1.5 million barrels .

So demand is very much still there.

Supply and demand are being almost perfectly managed.

Crude oil inventories in the United States fell by 3.6 million barrels during the week ending June 6, according to new data from the U.S. Energy Information Administration released on Wednesday.

For total motor gasoline, the EIA estimated that inventories increased by 1.5 million barrels for the week to June 6, with daily production increasing to an average 9.7 million barrels, from 9 million barrels in the week prior.

For middle distillates, the EIA estimated an increase of 1.2 million barrels, with production decreasing to 4.9 million barrels daily. This compares to an inventory increase of 4.2 million barrels in the week prior

Https://www.fool.co.uk/2025/06/11/down-24-will-new-caspian-sea-deals-kickstart-a-bp-share-price-rally/

Abu Dhabi National Oil Company (Adnoc) shows interest in BP's LNG and gas assets.

Analysts set a one-year price target for BP PLC (BP, Financial) with a potential upside of 10.87%.

BP PLC (BP) holds a "Hold" status based on current brokerage recommendations.

Abu Dhabi National Oil Company (Adnoc) is considering a strategic move to acquire notable assets from BP PLC (NYSE: BP), as the British oil giant faces pressure to streamline its portfolio. Adnoc's spotlight is on BP's lucrative liquefied natural gas (LNG) and gas fields. This potential acquisition aligns seamlessly with Adnoc's expansive strategy via its international arm, XRG, which ambitiously targets an $80 billion enterprise valuation in the gas and chemicals sector.

Https://www.bp.com/en/global/corporate/news-and-insights/energy-in-focus/ten-new-oil-and-gas-projects.html

Https://www.energyintel.com/00000197-465f-d30d-a79f-ee7fe5c20000

You look at sp over the last 2 years £2.50 seems a good price to settle on to buy back BASF shares.

We have a bit to go to get there ,but it would seem doable if the BASF shares were to be cancelled.

Myself If I was BASF I would agree a deal for a third or half, and hope for better price later for the rest,but considering the world just now you would have de risked part of your holdings.

I’m really just thinking out loud.

But was looking at BP and Shell sp individually over last 12 months.

I then looked at them plus Exxon and Chevron all in US dollars.( takes out £v$ effects)

I feel that what I am seeing is that for a few months now the take over talk ( Shell buying BP ) has held them both back.

But now the market is starting to say no take over, and they are doing a bit better than the US two.

Possibly been re rated, or the Trump effect was worse on them than the US two and now being unwound.

Any thought ?

It’s more than a month old but a lot of info in it