Hints and tips:
...In a world that is pushing for a greener future, even some of the biggest oil producers such as BP are aspiring to move beyond petroleum....
...Boards may feel comfortable giving themselves a pass because the top court in Delaware, where most US companies are incorporated, ruled in the 2000 case of White v Panic that an all-male corporate board’...
...Aker BP’s current liquidity headroom of ~$3.7bn compares to Lundin’s $1.3bn, whilst we forecast Aker BP’s net debt/EBITDA to remain below 2.0x even in 2020....
...Plenty now rests on big payers, led by Shell, BP, BAT, HSBC, Rio Tinto, GlaxoSmithKline and AstraZeneca holding the line for the ranks of income seekers....
...Especially given stronger performances in North America, where there are concerns around further lockdowns....
...for parts of corporate America....
...Enquest and Aker BP go onto the “buy” list “as the levered cashflow winners”....
...BP and Shell are both down about 2.5 per cent. Charts via Kepler Cheuvreux: And here’s HSBC on what it all means for the Gulf states....
...Negative rates are not going to happen in America in GREED & fear’s view....
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
...But underlying operating margin was up 80 bps to 18.6 per cent, driven by increased gross margin and further reduced overheads....
...“Make America 1929 again”, runs his headline. Also, see our Special Report, in which we talk to workers and chiefs in the US steel heartlands....
...IAG is carrying out the transaction through a newly formed subsidiary of Vueling, which will be incorporated as an Austrian company and run initially as a separate operation....
...(FT) HK v SH The fight to attract IPOs used to play out between Hong Kong and Singapore but now the focus has moved northward....
...If anybody had any doubt about how serious HMRC take these matters they need only examine the cases of R v Dimsey and R v Allen in 1999....
...“You’ve heard everybody talk about a V, a W, an L, a bathtub, all kinds of words” with regard to future oil prices, said Lamar McKay, deputy group chief executive of BP....
...ExxonMobil and Chevron have their roots in Standard Oil, incorporated in 1870. BP’s ancestor company was founded in 1909....
...Separately, BP announced new North Sea oil projects....
...We had hoped to calculate a relative curve of Innies v Outties. But too few of the latter run quoted businesses. Executives at big companies are natural stayers....
...Elsewhere on Thursday, - BP’s Spencer Dale on the new economics of oil, including the idea that, due to tech advancements and increases in proved reserves, “for every barrel of oil consumed, another two...
...There is a very similar DNA there,” said Mike McCue, Flipboard’s co-founder and chief executive....
...There were jitters over a legal case brought by environmentalists against the Tate galleries and BP. In 2014, an information tribunal ordered the gallery to give details of its BP sponsorship....
.... ——————————————- Letter in response to this report: BP should pay up for the suffering it has caused / From Mr William V Slade...
...(FT) Journalism v Silicon Valley The media has lost control of production and distribution to the opaque algorithms of Google and Facebook....
...Certainly it should be a wake-up call for all those pensions experts who misinterpret the judgment in the famous Cowan v Scargill case to mean trustees’ obligation to beneficiaries should be interpreted...
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