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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....
...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....
...In 2005, 15 people were killed and 170 injured in an explosion at a BP refinery in Texas, which the US Chemical Safety and Hazard Investigation Board blamed on “safety deficiencies at all levels of the BP...
...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....
...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....
...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....
...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....
...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....
...Corporate results: German chemicals multinational BASF, Bilbao-based lender BBVA, global oil giant BP, Nordic carrier Finnair and Amsterdam-listed carmaking group Stellantis are among companies that release...
...A flurry of big M&A deals in the late 1990s and early 2000s condensed control of US oil and gas production into the hands of fewer players as BP absorbed Amoco and Arco, Chevron swallowed Texaco and Exxon...
...Shapps said the assaults on shipping had forced 12 international companies, including energy group BP and Maersk, to suspend passage through the Red Sea, and caused insurance costs to increase 10-fold since...
...Two scoops to start, first: Talks over a planned $30bn merger between the chemicals arms of Abu Dhabi National Oil Company and Austria’s OMV have stalled over recent weeks, putting at risk a complicated...
...newsletter: Another oil mega-deal Orcel’s dealmaking strategy at UniCredit The corporate drama at Atos The Big Oil ‘arms race’ has begun A string of massive deals in the late 1990s and early 2000s — BP-Amoco...
...More oil industry news: Activist investor Bluebell Capital Partners has called on BP to ditch its commitment to cut oil and gas output as well as other keys parts of its strategy to transform the company...
...Exxon plans to use a novel method known as direct lithium extraction, or DLE, in which it will drill into deep saltwater reservoirs, pump out brines and use chemical processes to separate out the lithium...
...Chinese companies aren’t competing for as many American companies given rising tensions between Washington and Beijing, while high US interest rates have led to private equity firms pulling back on deals...
...Ratcliffe founded Ineos in 1998 with co-owners Andy Currie and John Reece, snapping up assets from BP, ICI and others to develop it into one of the world’s largest chemicals business....
...He once mortgaged his house to help with the purchase of a speciality chemicals company from BP....
...Shares in Belgian chemicals company Solvay fell 39 per cent today, leading losses on the regional Stoxx Europe 600 index, after the company successfully split off its composite materials unit....
...“New capacity the world over is increasingly being geared towards chemicals.”...
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