https://www.worldoil.com/news/2020/9/24/bp-stock-hits-25-year-low-a-week-after-its-new-climate-strategy-debuts
See above. anyone have any idea if the board would revolt against looney's green plan?
Dudley spoke to investors about lowering the dividend a few years ago, and investors said no (for a green agenda).
How does this translate to job losses?
there are no remaining shareholders, the special-interest environmentalists got paid and now moved on to another victim....
bp lower case and no meaning behind says it all. below performance bp bouts promises better press.
BPs share price drop is no worse than that of Shell or Exxon, the important piece is whether can recover at the same pace as the others when oil demand starts to increase again over the next few years.
You make some very valid points. Internally speaking we are seeing our new CEO as being led by some strong influences towards making the change you mentioned In an abrupt manner. Changes in the oil industry are definitely necessary and coming but there is a huge difference between planning a gradual calculated strategy and running full speed to jump off the cliff. Our CEO is being mentored by a previous CEO, Lord John Brown, and surrounded himself with a team of zealots too blinded by their enlightened goal to understand that real change takes baby steps first. His current trajectory is putting so much focus on the future that he and his team are “imagining” that they have lost sight of how to manage safety and the business in the Present. Claims about how important safety is can be made but cannot be delivered in the midst of chaos. I fear another Macondo or Texas City looms in our near future. To those with connections to the investment world please know that we still have some very good assets and people to contribute if ever we can be taken over by a viable more strategic corporate entity. It would be a challenge for sure but a blessing if the right white knight exists.
I've been monitoring the share price on a daily basis. This is very poor performance, and this is at oil trading around 40. At the current time, it's trading below $18. The viability of any CEO is his influence on the share price. I once read that a CEO's only job is to keep the share price up. But what's causing this problem? I think very few people believe BP can make any $ from selling green energy. I don't think they can make a go selling green energy.