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...Unlike Looney, Hayward and Browne, he was not a BP-lifer, having joined when it acquired US oil producer Amoco in 1998....
...company would lose its chief and chair at the same time....
...Auchincloss, a Canadian national, joined BP from Amoco in 1998, when the UK-listed company merged with the US business....
...He qualified as a chartered financial analyst at West Virginia University and worked his way up the Amoco ranks as a tax analyst before relocating to London following the BP merger....
...Continuity won out: Auchincloss has worked for BP since 1998 when it merged with his former employer Amoco....
...After starting out in Amoco’s tax department in Chicago, he joined BP when the two companies merged in 1998....
...Meanwhile, the company has named Bob Dudley, former head of BP, to serve on its board of directors from July for three years, according to an April filing on the Saudi stock exchange....
...As Lynch noted, you know more about things you use: an improved website or new gadget is more likely to be on your radar than, say, changing processes at a chemical plant....
...The settlement does not specify from whose cut the 4 bps decrease in interchange fees will come....
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...Bob Dudley, the only recent chief executive who was not a BP lifer (having joined through the Amoco merger in 1998), served 10 years before stepping down in 2020....
...The annual rush to sign off on financial statements has this week exposed issues at companies ranging from the chemicals giant Chemours to the toymaker Mattel....
...Deep dive BP is betting big on the Gulf, 14 years after the Deepwater Horizon explosion caused the biggest offshore oil spill in US history, The Wall Street Journal reports....
...A small oil company might be terribly mismanaged but not emit that much and therefore look better overall. BP, for example, has a relatively high management score but is “highly misaligned”....
...It is also waging campaigns against Glencore, BP and Bayer. BlackRock’s market capitalisation is $118bn....
...How Lyft had the ride of its Lyf This week someone at Lyft had a blip with bps....
...At Ineos, which derives almost all its revenue from a global network of chemical and oil refining plants, every business review begins with an update on plant and worker safety....
...A version of this article was first published by Nikkei Asia on April 4 2024. ©2024 Nikkei Inc. All rights reserved....
...Both deals are on a scale rarely seen since the megamergers of the late 1990s and early 2000s — BP-Amoco, Exxon-Mobil and Chevron-Texaco — that formed the modern supermajors....
...In response, Armour said, State Street dropped its fee to 5 bps and then Schwab slashed its fee to 3 bps in late September....
...Sokol himself was once seen as a contender to succeed Buffett, but he resigned in 2011 amid an investigation of his trading in shares of chemicals group Lubrizol before Berkshire acquired the business....
...Taking into account plant closures and sales, Shell will have reduced its capacity by 33 per cent over that period, while BP’s will have fallen by 10 per cent....
...A steep increase in petrochemical production in China and the US has led to a global oversupply of industrial chemicals used in plastics, sending the price of new material so low that its recycled alternative...
...The 62-year-old is taking up the role at C-Capture, which has been spun out of the University of Leeds and is backed by companies including UK power generation business Drax and oil major BP....
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