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For weeks, market languages, the potential merger between Britain’s oil giants, until the expiration of hypothesis weeks, it was reported to be in talks on Thursdays to achieve Shell BP.
But under the name of Anglo-Persian oil company, the British oil exploration company established in 1909 is seen as a possible target for a long time, for the long run?
Reset
In 2020, the newly appointed Director General Bernard Looney announced that BP will start a strategy for redefining “2050 or faster a Net-Zero company” when investing in renewable energy projects. Energy giant, who is committed to working “while turning” because it puts this new strategy.
At that time, Looney, his turn admitted that it would be difficult, but he claimed that it was a great opportunity.
Settle down
Looney, the COVID-19 pandemia launched the strategy because he took the way in the world, triggered a demand shock and square square prices. The energy giant has placed the first annual loss in ten years, but in 2022, more than $ 2021 in 2021 more than $ 2021.
BP sharing price.
Looney, explained by explaining CNBC The company is based on the strategy now.
“These ten years of energy and gas are announcing more than $ 8 billion in ten years of energy and gas to $ 8 billion.”
This investment in the company’s energy transition has been strengthened by the forecasts published in the 2023 publication of BP Energy OutlookThe share of fossil fuel in primitive energy will fall to 2050 to 80% in 2050 in 2019.
Looney goes off
Bernard Looney, BP announced in the workplace in the workplace in the workplace in September 2023 before being the CEO of the company “It is not fully transparent in previous statements”
Then the General Financial Officer Murray Auchincloss, in January 2024, took a step as a medium CEO before being permanently appointed.
However, the man who manages the ability to see as an energy giant of BP was already out of the building.
Speculation rig
Both 2023 and in 2024, along with the annual profit, Looney’s progress, in the continuous continuing way in BP’s shares, oil master’s strategy and its new questions about the future of its future are an independent company. In addition to the shell, Chevron and Exxon Mobile also reportedly waited for a potentially useless for BP, EMirates ADNOC expected part of gas assets.
Activist investor Elliott Auchincloss’s emergence was reported a while in February, created a share in the oil master BP’s strategic reset This set off to invest in oil and gas and reduce attention to the renewable energy. Investors have not been affected yet, and since then it has been 15%.
Talking to CNBC AprilAuchincloss, the company has converted to the capture target, “A strong, independent company. His peers, Shell CEO Wael Sawan told CNBC June We have this “very high bar” and we have a very high bar for an opportunity, but the company has continued to prefer to take back its shares.
What is the next
The strong rejection of these reports is to reject the crust, so far it seems to have a cold water in a potential bid for BP. Analyst of Morningstar General capital Allen, CNBC’s “If the assessment is not super attractive,” CNBC has questioned the essence of a shell.
