Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Just listening to some Labour £osser on the radio talking about squeezing BP and other oil and gas companies to pay for Net Zero. Looney tried to apeas them and play their game, but the truth is there is no compromise with the Green Lobby.
The only way we will have a company left after the next election is to leave the UK.
Why the end of BP's loonie era has left behind a takeover target https://biz.crast.net/why-the-end-of-bps-loonie-era-has-left-behind-a-takeover-target/
Happyinvestor100,
I think this is the article you posted but free to read, although lots of adds.
Exiting times, lots of value to be realized by a new CEO.
Personally i would like to see a huge increase in oil and gas. But what of the green assets. Would you sell them or spin them off into a company wholly owned by BP.
I think everyone will have their preferred choice.
I think Murray is to close to Bernard as has been tainted by his actions. I would like a total clear out and a new team can fully audit the entire business and work out a new strategy. BP isnt broken and still makes billions in profit. But maybe has been influenced by Carrie & Boris Johnson into overreaching in green developments. Remember the Downing Street luvy dovy.
Jezzoo, you write
""While the person in the CEO's chair has changed, the fundamentals have not," Auchincloss said in a webcast to BP staff"
I have seen mergers/takeovers a couple of times in my career with new management brought in at the top. Each time we were told nothing has changed and business as usual, and in each time in 12-18 months the company looked very different. Whoever eventually takes over full time as CEO will take a long time to establish themselves. Remember Looney had employed hundreds of top people for his green strategy, there futures must be carefully considered. If indeed its business as usual I would as many be disappointed. I would maybe make a start by reducing funding for green from a 50/50 split with oil to 80/20 in favour of oil and gas and raise the DIVIDEND. Lol.
Happyinvestor100,
"I want a CEO straight outta Houston. Not another European"
I agree Happy, we have been let down badly by home grown CEO,s.
I do like Murray but doubt his commitment to oil and gas & ditching net zero.
A Huston based CEO will take us back to basics and drill baby drill.
I would love to see Mr Bob Dudley as interim CEO until a new CEO can be found.
I will sleep soundly tonight just cracked open the bubbly. I won't shed a tear, the man has cost us shareholders $billions in disastrous decisions.
Let's hope his successor has a commitment to oil and gas and ditch net zero rubbish.
£5.23 Nice.
But how many people wished they had sold at £5.70 before the share price collapsed to £4.65.
If the shareprice rises to your hoped for amount, sell, sell, sell. I've followed this share all the way down to many times.
Beware the Rampers, we know who you are. Lol
Onwards and upwards. Lol
Planit,
What if Looney threw a couple of $billion at Rolls Royce to help establish a mini nuclear reactor. This electricity could easily power your hydrogen generation 100% not the 30-40% efficiency from wind and solar. And if hydrogen never took off commercially, surplus electricity could be fed into the national grid.
Alternatively as I suggested so time ago. Build a geothermal power station to produce hydrogen, again 100% efficiency. Likely situated in countries like Iceland. Transport would propose challenges but not unsurmountable.
Happyinvestor100,
I can't read it only the first few lines, its subscription only but I get the idea.
Personally i like the engineering behind hydrogen and the work JCB have done in this area is fantastic. But hydrogen is rocket fuel and prohibitively expensive to make. First generate a source of energy only to use it to make hydrogen. It never made any sense as a investment for anyone other than Looney throwing money everywhere looking for a Legacy.
$8 billion a year on renewables. Lol
Planit, you write.
"meoryou - you might be right and anti-renewables posters have slowly moved to other oilies like SHEL or XOM"
I don't believe that. This board had a revamp a couple of months ago and I for one have noticed I don't get the amount of likes I used to. It seems that although debating hasn't been stifled people showing support for various topics has maybe been.
Meoryou,
Surely the question should be whether BP follow the path of Shell, Exxon , Chevron etc.
And. 1. Reinstate the dividend. 2. See a share price rise of between £1-2 as markets regain confidence in the forward profitability of the company.
Meoryou,
Surely as a former BP employee you would be aware that capita projects were stress tested at a low oil price to ensure profitability.
Gambling on potential future profits for billion $$ spent on green projects is completely insane.
That's why we are being gaslighted about both demand and potential profitability.
Happyinvestor100.
I think Bernard has gambled his future reputation and position as CEO of BP on his green gamble.
We are allready 3 years into his 5 year plan and all we have is gaslighting on the possibility of future profitability for the billions spent. Board members have written "if we strip out capital cost" we are starting to see a return. It's truelly pathetic, that could be a couple of cups of coffee.
If the wind auctions you mention recieved no bids its doubtful Looney's projects can deliver the returns he promised shareholders when he started his 5 year plan in 2020.
The company should fully report on where we are with our green projects with NO gaslighting.