Hints and tips:
Related Special Reports
...“The problem is this is a bank built on customer service — the bulk of its depositors are there I would imagine because of the customer services,” said Gary Greenwood, an analyst at Shore Capital....
...After missing market expectations in October, a strong financial performance was needed to steady the ship, said Bernstein’s Clint....
...But this week has felt longer than most, given the sheer volume of major news....
...“Murray is well known and respected within the market and most importantly was one of the key architects of BP’s current strategy,” said Oswald Clint, an analyst at Bernstein....
...“He went through the first CEO very quickly,” said Gary Greenwood, analyst at Shore Capital. “Noel’s out sooner than we would have expected....
...“He has an ability to answer any numerical question with data, without sidestepping, without being political,” says Oswald Clint, a long time oil and gas analyst at research house Bernstein....
...Among the biggest is California’s case against ExxonMobil and other oil majors, filed in September....
...Depending on where Shell ends up in its various ranges, its figures are 15-23 per cent, with the US majors barely out of single digits....
...Its LNG sales represent about 23 per cent of cash flow from operations, according to Citibank — more than for any other western energy major....
...“Overall the [three European] oil majors led the pack . . . generating around $37bn in 2022 we estimate, across molecules and electrons,” analysts Oswald Clint, Alex McColl and Edouard Nelson said in a research...
...The UK car retailer has in the past week received offers from three US peers, one of which has teamed up with its own major shareholder, Sweden’s Hedin....
...Non-bank finance amounted to $239tn globally in 2021, according to the Financial Stability Board, an international body of major economies....
...When word spread that Metro Bank had entered talks with its investors about a major financial restructuring monitored by the Bank of England, many in the City of London saw a problem....
...stepped down on Tuesday after admitting he had failed to disclose the extent of past relationships with colleagues, had positioned BP as a leader in the energy transition, at least among the traditional oil majors...
...Gary Greenwood, an analyst at Shore Capital, highlights the non-bank players adding to competition in the market....
...In the results statement, Jon Greenwood, acting chief executive, highlighted claims inflation and regulatory changes to pricing as major challenges for the year and said the business “did not navigate these...
...Major filmmakers partnered with “the greatest movie studio”, he said, now found themselves “working for the worst streaming service”. If that sounded hissy, action followed....
...But history suggests that with oil prices at these levels “anyone who sanctions a huge capex budget . . . regrets it,” says Bernstein’s Oswald Clint....
...“BP, Shell and Total have an edge and it is unique to these three companies,” said Oswald Clint at Bernstein, adding that the US oil majors and other international oil companies had struggled to replicate...
...The spin-off is the biggest structural move yet by an oil and gas major in response to pressure to reduce carbon emissions and pivot to greener forms of energy....
...“High quality set of numbers to kick off 2022,” said Oswald Clint at Bernstein, adding that Plenitude’s earnings had exceeded Bernstein’s estimates, helped by higher retail power sales and renewable generation...
...“BP ex-Russia is a lower risk investment and the rest of the businesses are performing well,” said Bernstein analyst Oswald Clint....
...Provided the oil and gas majors and other energy groups remain undervalued compared with other sectors, the activists are not going away....
...“As with peers these are Eni’s best annual results in a decade,” said Oswald Clint, an analyst at Bernstein....
...The French oil major said adjusted net income had risen to $6.8bn in the three months to December, a fivefold jump from the same period in 2020, beating average analyst estimates....
International Edition