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...BP’s interest in hydrogen suggests big energy companies see the potential for green hydrogen to generate revenue....
...healthy profits while transforming itself into a cleaner energy provider....
...However, BP has significantly increased the number of women serving in senior roles at the company in recent years....
...Other companies with a more established focus on renewable energy development are far better positioned to succeed in this space, Bivona claims....
...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 into a clean energy provider...
...Exxon boasts a market value of about $480bn versus $300bn for Chevron, $230bn for Shell and $110bn for BP....
...BP has named Aviva’s chief executive Amanda Blanc as its next senior independent director in the first major shake-up of the energy company’s board since it oversaw the departure last year of boss Bernard...
...Auchincloss confirmed on Wednesday that BP’s transition “from international oil company to integrated energy company . . . does not change”. The overarching principle may not change....
...BP and the Abu Dhabi National Oil Company have suspended talks on a $2bn deal to buy a 50 per cent stake in Tel Aviv-listed NewMed Energy, as Israel’s war with Hamas enters its sixth month....
...Yet BP has refined its clean energy business to focus on areas such as biofuels and electric vehicle charging....
...Lund had previously said the company remained committed to the pivot to greener energy despite Looney’s departure, although an external hire may have sought to push BP in a different direction....
...Prompted by BP’s appointment today of interim boss Murray Auchincloss as its permanent chief executive to replace Bernard Looney, we’ve had a look at how recent gossip around the oil energy company failed...
...Other energy companies are also looking to convert oil refineries for biofuels production....
...It also signals that BP will persist with a strategy, conceived and executed by Looney, of shifting into greener energy even as oil prices remain high....
...Darren Woods received salary, stock options and a bonus amounting to $36.9mn in 2023, the US’s biggest oil company reported in a securities filing on Thursday....
...in other companies to a value of more than $2mn....
...He joined the US oil company Amoco in 1992, becoming the fourth generation of his family to work in energy....
...in green energy....
...Lawrence Summers, former Harvard president and ex-Treasury secretary, joined the advisory board of Palmetto, a clean energy technology company....
...The energy company conducted an internal and external search for a replacement for Looney, who quit in September for failing to disclose past relationships with company colleagues....
...BP has decided to appoint interim boss Murray Auchincloss as its permanent chief executive, with the energy company expected to announce the move as early as Wednesday, according to people familiar with...
...Israel’s NewMed said talks over a $2bn bid by BP and the Abu Dhabi National Oil Company for a 50 per cent stake in the natural gas group have been suspended because of “uncertainty”....
...Addressing shareholders in Denver in October, Auchincloss, then interim chief executive, once again said the plan to transform into an “integrated energy company” remained unchanged but sought to provide...
...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....
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