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....
...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....
...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....
...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....
...(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....
...“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....
...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 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...
...hurt by the spill – they are assumed to be victims if their revenues followed a V-shape in the aftermath....
...President Barack Obama’s early rhetoric that the spill was “the worst environmental disaster America has ever faced” was absurdly overblown, but BP had to repair the damage and make expensive amends....
...(Financial Times) BP accused of intimidating spill claimants: Lawyers representing claimants seeking compensation for the 2010 Deepwater Horizon disaster have accused BP of “hollow intimidation tactics”...
...Some light reading late on Wednesday: the United States Supreme Court’s ruling in Kiobel v Royal Dutch Petroleum....
...Derbies used to be Royal Dutch Shell v BP, but the sport never really took off. However, it experienced a renaissance in 2004 thanks to a handful of amateur local rugby players....
...The FTSE Eurofirst 300 declined 0.9 per cent amid some heavyweight earnings disappointments from BP and UBS....
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