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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....
...Mandelson, a former Labour cabinet minister, is now co-owner of Global Counsel, an advisory firm that has served many big corporations including BP, Glencore, JPMorgan and TikTok, according to people familiar...
...A deal for BP’s scheme would likely set a new record, eclipsing the £6.5bn of pension liabilities that RSA agreed to transfer to the Pension Insurance Corporation in February....
...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....
...Corporation”.Five years later an explosion at the company’s Deepwater Horizon platform in the Gulf of Mexico killed 11 workers and injured 17, resulting in the worst oil spill in American history....
...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....
...Corporations, meanwhile, get a chunk off their tax bill....
...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....
...EPRI, an energy research organisation, appointed Vince Sorgi, chief executive of PPL Corporation, as chair of the board....
...That is the pitch of businesses that increasingly tout themselves as one-stop shops for advice to major corporations. Welcome to the world of the everything adviser....
...All eligible assets from Glencore, as well as those from oil and gas companies Repsol, BP and Shell, were issued by their financial subsidiaries, effectively exempting them from the ECB’s proposed limit....
...How Lyft had the ride of its Lyf This week someone at Lyft had a blip with bps....
...But these days chief financial officers are also increasingly tapped for the chief executive role — from Margherita Della Valle at Vodafone to Murray Auchincloss at BP who both got the top job at a time...
...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...
...While it remains privately held, Trafigura has adopted some of the behaviours of a publicly listed corporation....
...Oil companies including BP, ExxonMobil, Chevron, Shell and TotalEnergies posted combined record profits of $200bn in 2022....
...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...
...The filing against PepsiCo, the world’s second-largest food company, is one in a swell of lawsuits brought by local authorities, consumer protection groups and non-profits against corporations about their...
...In the years since, it began making proposals at BP and Chevron, where in 2021 more than 60 per cent of shareholders backed a resolution to force the group to cut its carbon emissions....
...Finally, one other thing: The husband of a BP employee has been charged with insider trading by the US Securities and Exchange Commission after he allegedly made illegal share purchases having overheard...
...The UK raised corporation tax from 19 per cent to 25 per cent this year but last week made permanent a temporary measure that allows companies to reduce their tax bills by up to 25p for every £1 of investment...
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