Hints and tips:
...“I don’t need more resources in the United States and now would not be the time that I’d want to do it as I’d prefer to go countercyclical [and buy when oil prices are low],” he said....
...Look no further than John Sculley (president at PepsiCo before he joined Apple) stepping into Steve Jobs’ shoes and entirely failing to understand Apple’s raison d’être....
...The IEA forecasts crude consumption to increase by 1.3mn barrels per day this year while Opec this week maintained its growth estimates of 2.25mn b/d for 2024....
...But the US consolidation will increase market pressure on the likes of BP — which recently lost Bernard Looney, the CEO who drew up its transition targets — Shell and TotalEnergies to demonstrate that their...
...Lex says that Looney’s exit should not slow oil producer’s transition....
...How BP’s ‘Sun King’ court enabled the rise and fall of Bernard Looney: BP’s decades-long culture of promoting favourites to become leaders enabled Looney to become chief executive with no oversight of his...
...He had been serving as the oil major’s interim CEO after Bernard Looney stepped down in September....
...In recent years, non-disclosure has triggered the departure of business leaders, including Bernard Looney from oil company BP, Jeff Zucker from CNN, the news network, and Steve Easterbrook at McDonald’s...
...So on behalf of the team, I’d like to wish you a peaceful and happy festive season. Elaine MooreDeputy head of Lex...
...Nygaard-Andersen, who’d internally earned the nickname “Private Jette” from some staff within the finance and audit teams, also attracted scrutiny for her spending habits....
...BP has had a tumultuous few months following reports about chief executive Bernard Looney’s undisclosed past relationships with colleagues....
...It will raise the company’s production capacity in the region to 400,000 b/d, nearly 20 per cent of its total global output....
...2030 — up from its previous target of 1.5mn b/d — was the “right” amount for the company....
...In total, the group will now produce almost 6mn b/d less than it could in the first quarter of 2024....
...In Looney’s case, the company specifically said that they were upset because 18 months ago there was a complaint about his relationships....
...But after learning he may soon die, Riswold was glad that he’d dedicated so much time to what would become the exhibition, Two Wars in One....
...Novak’s office said the 500,000 b/d cut would be in addition to cuts already pledged. Saudi Arabia’s own output will remain at about 9mn b/d....
...Luckey named Anduril’s system “RoadRunner” after the classic Looney Tunes bit in which the bird is always quicker than the coyote trying to catch it....
...We may play your audio on the show — but you can be (otherwise) anonymous if you’d like🕵🏻♀️....
...As per Freud, you too will wish we’d stayed put. Instead, Phoenix soon shuffles on screen as the adult Beau. Adult is a relative term....
...But there’s one bit from the 60 Minutes interview we’d like to push back on....
...Canada is the world’s fourth-biggest oil producer, pumping 4.8mn b/d of oil last year, of which oil sands accounted for 3.2mn b/d....
...“The key thing is that anyone prepared to buy a big chunk in a Russian oil company is probably not someone you’d want to sell to.”...
...Chief executive Bernard Looney made it clear a reduction in fuel costs was not on the cards....
...As Bernard Looney showed so masterfully, this is not the time for an energy company to tell this government it is a “cash machine”....
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