My interview with BP CEO Bernard Looney yesterday prompted lots of feedback, so I’m following with more. There are two great debates going on right now about investment in oil and gas companies.
It is nearly five years to the day since Bernard Looney, the then new chief executive of BP, set out a radical strategy for the oil major to go net zero by 2050. Under that strategy, BP would ...
Fevered rhetoric aside, BP’s pivot towards green energy under Bernard Looney certainly alienated investors. Looney resigned in September 2023 for not disclosing relationships with employees ...
he took on the difficult task to rebuild BP’s fortunes after the disastrous tenure of the most tireless virtue signaler in the oil industry for half a decade, Bernard Looney. Looney resigned in ...
BP’s shares have languished in the past two years on investor concerns over a shift under previous boss Bernard Looney towards becoming a net zero energy company by 2050. Its close FTSE 100 ...
The FT reported today that only finance giants BlackRock and Vanguard hold larger stakes and claimed Elliott will demand BP swings the axe when it comes to the renewables-focused investments sparked ...
The shake-up has also led to BP scaling back its investment in low-carbon energy and biofuel projects. It marks an end to the legacy left by Bernard Looney, the former BP boss who was forced out ...
Mr Auchincloss was appointed to the top role in January last year, having been acting chief executive since September 2023 following the surprise resignation of Bernard Looney after BP’s former ...
By Stanley Reed Reporting from London Murray Auchincloss, the chief executive of the struggling energy giant BP, promised ... taken by his predecessor, Bernard Looney, who left the company ...
The intervention comes after BP has stumbled through a series of missteps over the past 15 years, from the Deepwater Horizon disaster to former chief executive officer Bernard Looney’s sudden ...
The hedge fund targeting BP has built a stake in the fossil fuel giant worth nearly £3.8 billion, according to reports, making it the third biggest investor in the company. Elliott Management’s ...
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