The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Chandley, the lockdowns were bad enough for people in the UK. You have to wonder how your mental health would suffer if Iike China you are confined to houses for months with no outside contact.
I know my mental health was suffering when I looked at our BP share price this morning.
Gary, hopefully Rosneft wont be a total loss. Although it didn't provide the bulk of BP's income, however it did allow us to book massive reserves which will be hard to find elsewhere.
If I remember correctly Bernard and his team wrote down the value of some assets by 18 billion dollars in the summer of 2020. Is it time these assets recieved an updated valuation.
Zac, could it be that even for a company the size of BP these green renewable projects only make a profit on paper with the green subsidies in place. With calls now to cut the green levies of up to 25% off our energy bills which so far Richi and Boris have refused, can BP's green ambition make money in a reduced subsidised environment.
Venue, London Excel 6th May 2022
Remember if you hold BP shares through a nominee you can only vote on resolutions if you inform your nominee that it is your intention to do so. Otherwise your vote may be lost or used nefariously.
Many interesting to vote on, like Looneys remuneration and whether or not to reappoint him.
Remember this form must be back with your nominee expressing your votes before 06/05/22
BP is a International Oil & Gas company with a Global portfolio of assets.
It is the job of the UK Government to provide the UK with energy security not BP.
BP has an excellent position where it can be a key player in helping provide the security. BP's responsibility is too its shareholders boy HM Government. The mess we are in now is a direct result of incompetence within government on various levels.
Meoryou, if you have worked in "Capital Projects" as I have, a green feasibility strategy may have been worked on for a year or more before implementation. Your dates fall within a presumed window. As a senior executive of a major corporation especially one driving such radical changes he would of known of said strategic plan.
Spights, As usual the deviousness continues. nobody wants to loose money on the stock market but we all accept the upside with the downside. I have had successes and failures over the years. The difference here with BP is a company CEO who destroyed shareholder value for many whilst (as reported on this board) allegedly sold his stockholding at £5 beforehand. That if true is completely unforgivable and potentially needs investigating.
Sotonspike,
Sell up and move on. You greenies are very misguided the fight has only just started. What will growing demands to scrap the green levies to help relieve the massive rises in household energy bills. The result is huge amounts of green projects will be no longer viable.
Meoryou, a pal send me pictures of roadworks in central London where the trench was approx 6" wide. They were apparently laying electrical cables so the council's new electric busses could be charged. Could you imagine the enormous upheaval necessary to upgrade the electrical distribution network to get 3 phase supply and fast chargers into domestic residences. I know you can trickle charge an electric motor, but a fast charger would be more beneficial. Especially in an emergency. Not a fan of electric cars. I love the technology but think we are moving way too fast.
Gary, I don't have any experience in running HM Government but I get a vote every 5 years. I'm also allowed to write angry letters to my MP and engage in a bit of Boris bashing over partygate.
But you assume that I am not allowed to criticize the CEO of BP when I disagree with his stratergy. I will continue to raise my concerns and criticism especially when pr pieces are posted talking nonsense.
Enso, I can't believe what I am reading you Looney luvvies need to start telling the truth. The BP share collaps was directly the result of Bernard green policy and the way it was cannon balled to the markets along with a pledge to cut 40% production with no guaranteed revenue stream to replace it. This disastrous strategy preceded the Russian problems by nearly 2 years.
The over generous share scheme is to buy off the employees so they don't jump ship.
Looneys green transition is a disaster for the company and has destroyed share holder value. I too wish that I had moved my investment to Shell. Alas I am tied to this cart horse hoping to get a better return on my investment.