BP v/s other majors

Can some finanace type give a short summary of BP’s profitability v/s other majors.

From where I sit:

legacy assets are in decline
exploration has been unsuccessful recently
upstream projects currently in execution have lower profitability (still much higher than renewables)

Renewables is a total s$it-show, you can make more money keeping your money in the bank today. No US oil company has touched wind, solar and now we understand why.

In conclusion a company which is less profitable today is heading towards an even less profitable future.

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That is part of upstream business some projects work out some don’t. That is why majors in the past had a large and diverse portfolio.

look at TOTAL’s pipeline today:

Mozambique
Suriname
South Africa
Namibia

and compare to ours.

I would not be to harsh total for example also hs struggles black 32 in Angola, kashahan and their oil sands business.

Might be unfair to benchmark against supermajors..

BP < < < other Majors

If that’s what you see from where you sit, either you are blind or you need to find a seat closer to reality.

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BP v/s other majors

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