The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Charlie156,
If my memory is correct I was suggested during the Macondo trial that Haliburton had used old materials to make the foam cement to plug the well. This subsequently blew out. The rest is history. The Obama administration made the subsequent court case unwinable. A result of gross negligence is catastrophic and resulted in massive fines.
Mr Looney's ridiculous comments on BP being a cash machine will never be forgotten.
Starmer again raised this statement during his speech at the Labour party conference.
Surely it's time for a much needed rebrand, and relocation of company headquarters.
I think you are all living in fools paradise. Gridwatch has wind energy producing 2.67GW, yet our installed UK capacity is Land 12GW, offshore 10GW. Data from Gridwatch.com and Google.
Another example of foolishness on relying on Wind Energy.
Neil74, there has to be (eventually) a re-rating of BP to include the new renewable business. Hopefully "Net Zero" can be pushed back a few years due to the energy crisis. There was an article posted a few weeks back by a board member which suggested that institutions had a 24 months window before having to make any decisions on BP. I guess Looney's gamble should have born fruit by then. Cheers.
I've never read more depressing $ollocks.
BP is only a "money making machine" with the current business model.
Just think where the share price would be without Bernard.
We desperately need Trump back on the world stage to create some stability.
Out for a spin on the motorbike, thursday evening. Grindley Brook on the A41. Diesel £172.9 and Petro £154.9 (Essar)
A bloke on Tice Talk on the radio just commented that when oil was at $100 barrel in feb fuel was over 30 p cheaper at the pumps.
https://the-international-investor.com/investment-faq/stock-broker-account-safety#:~:text=Many%20different%20investments%20held%20by,'%2C%20depending%20on%20the%20country.
The markets still value Looney's Green Strategy as a big fat Zero. BP still comitted to a production cut although oil making billions in profits. Where is the update in projected revenue generation. BP still commited to Net Zero in an energy crisis.
Scraps thrown to shareholders while BP fat cats and employees gorge on large salaries and free shares.
Excellent Sunday Times Article.
"Looney is a popular man within BP". I bet he is, rewarding employees with over generous shares schemes. The comments about having more money that they know what to do with is an insult to suffering shareholders.
Bernard could quite easily reverse his commitment to reducing BP's oil output, especially in these uncertain times. The thought of this action angering "green employees" enough to leave the company is non sensicle.
BP has done more than any other oil and gas company in pledges to a less polluting future, but the shareholders must not be forgotten. Bernard must remember a lot of pensioners bought BP shares for a pension today, not dreams of a future they won't see.
I would like an immediate reinstatement of the dividend with a company CEO with the metal to defend it.
Cheers.