#murray auchincloss

[lefkosahaberleri]

BP'nin Dördüncü Çeyrek Kârı %61 Düşüş Gösterdi

New Post has been published on https://lefkosa.com.tr/bpnin-dorduncu-ceyrek-kari-%61-dusus-gosterdi-42531/

BP'nin Dördüncü Çeyrek Kârı %61 Düşüş Gösterdi

BP, dördüncü çeyrek kârında %61’lik bir düşüşle yatırımcılarını endişelendirdi. Şirketin mali durumu ve piyasa koşulları üzerindeki etkileri üzerine detaylı analizler ve yorumlar için makalemizi okuyun.

https://lefkosa.com.tr/bpnin-dorduncu-ceyrek-kari-%61-dusus-gosterdi-42531/ --------

[bauerntanz]

BP-Lingen launcht Projekt „Lingen Green Hydrogen“

BP: Projekt „Lingen Green Hydrogen“ entsteht in Lingen. Konzern steuert um zu Erneuerbaren wenn auch unter dem neuen CEO langsamer als geplant.

Der britische BP-Konzern hat vor wenigen Tagen die endgültige Investitionsentscheidung für ein  100 Megawatt (MW)-Projekt „Lingen Green Hydrogen“ (LGH2) getroffen. Es soll die größte industrielle Anlage für grünen Wasserstoff im Konzern sein und die erste, die das Unternehmen vollständig besitzen und betreiben wird. Das Projekt wird finanziell massiv durch eine im Rahmen des IPCEI-Programms…

[notwiselybuttoowell]

BP is expected to ditch a target to ramp up renewable energy generation by 2030 as part of a shift back towards fossil fuels when it presents its strategy to investors this week.

The chief executive, Murray Auchincloss, is poised to tell shareholders that the oil and gas company is scrapping its target to increase renewable generation 20-fold between 2019 and 2030 to 50 gigawatts, Reuters reported.

At an investor day in London on Wednesday, the company is likely to announce plans to divest assets and cut other low-carbon investments to reduce debt and increase returns, under mounting pressure from shareholders.

The company has already scaled back its target to reduce oil and gas output – set by Auchincloss’s predecessor Bernard Looney – by the end of the decade. In 2020, the last time it presented a comprehensive strategy update, it aimed for a 40% reduction, but changed this to a 25% reduction in 2023, and is expected to reduce it further on Wednesday.

Other energy companies such as Shell have renewed their focus on oil and gas, chasing better returns after fossil fuel prices bounced back from pandemic lows, and after Russia’s full-scale invasion of Ukraine three years ago. The investor environment has also changed with the re-election of the US president, Donald Trump, a strong advocate of fossil fuels.

Since taking over, initially on an interim basis in September 2023, Auchincloss has scaled back investments in renewables and diluted BP’s climate pledges. He is also pushing through $2bn of cost cuts, which include cutting thousands of jobs and scrapping contractors to reduce the workforce by 5%.

[songsofprotestpeacerevolution]

Louise Harris - We Tried

All proceeds of this song go to climate causes.

Meet Your Murderers [The faces on the wall in the video]: • Suella Braverman - Former UK Home Secretary - Imprisoned climate activists, introduced a police state, removed our legal right to protest in the streets. • Rishi Sunak - UK Prime Minister - Approved over 100 new oil and gas licences 1 week after his family signed a billion dollar deal with BP. • Grant Schapps - Former UK Secretary of State for Energy Security and Net Zero. • Claire Coutinho - Current UK Secretary of State for Energy Security and Net Zero. • Jonathan Harmsworth or "4th Viscount Rothermere" - Chairman and Controlling Shareholder of the Daily Mail and General Trust - Perpetuates climate denial, demonises climate activists. • Rupert Murdoch - Owner of News Corp. (The Sun, Wall Street Journal, The Australian) & Fox News - Climate denying news outlets, demonise climate activists. • Jes Stanley - Former CEO of Barclays - Barclays is the worst bank in the UK, and one of the worst in Europe, for financing fossil fuel projects. • Coimbatore Sundararajan Venkatakrishnan, also known as Venkat - Current CEO of Barclays. • Ben van Beurden - Former CEO of Shell. • Wael Sawan - Current CEO of Shell. • Bernard Looney - Former CEO of BP. • Murray Auchincloss - Chief Financial Officer of BP and Current interim CEO.

[rjzimmerman]

BP pivots back to fossil fuels. (Heatmap AM)

BP confirmed it will cut its investments in renewables and shift its strategy back to ramping up fossil fuel production. The radical shift represents “a major break from five years in which BP was the oil industry’s most ardent pursuer of net zero emissions and the transition to clean energy,” reportedBloomberg. BP had planned to have 50 gigawatts of renewable generation capacity by 2030 and cut oil and gas production by 40%, but CEO Murray Auchincloss said the company’s “optimism for a fast transition was misplaced.” Here is some early reaction and analysis: 

“There is simply less money in renewables than in oil and gas and some BP shareholders have become angry and impatient as they watch Shell produce double the returns they have seen while Exxon investors have received four times as much.” –BBC business editor Simon Jack.

“This move by oil giant BP clearly demonstrates why super-rich corporations and individuals, chasing short-term profit for themselves and shareholders, cannot be trusted with fixing the climate crisis or leading the transition to renewable energy we so badly need.” –Matilda Borgström, a campaigner at the climate action group 350.org.   

“In lurching from one strategy to another, isn’t there a risk BP has over-corrected? Yes, President Trump’s ‘drill, baby, drill’ mantra is back in vogue — but global warming hasn’t gone away. BP wasn’t wrong to spot a societal need for a long-term shift to renewable energy.” –Alistair Osborne, business commentator at The Times in the UK.

[khumaerbayas]

BP to raise oil and gas spending to $10bn a year in pivot away from green goals | BP

BP will abandon its green ambitions by increasing its oil and gas investment to $10bn a year as part of a fundamental reset of the troubled company’s strategy. The company has confirmed that it will scrap its plan to cut its fossil fuel production and will instead grow production to 2.3m–2.5m barrels of oil a day by the end of the decade. The oil supermajor’s chief executive, Murray Auchincloss,…

[trendtoday]

GDP chief aims more than double market value in $ 200 billion

Unlock the digestive of free editor Roula Khalaf, the FT editor, chooses her favorite stories in this weekly newsletter. BP chief executive wants to double the value of the oil Major market within five years to $ 200 billion, the level he reached before the Detepwater Horizon 2010 catastrophe. Murray Auchincloss told Financial Times that BP would benefit from “extraordinary” oil and gas demand…

[trendstodaynet]

GDP chief aims more than double market value in $ 200 billion

Unlock the digestive of free editor Roula Khalaf, the FT editor, chooses her favorite stories in this weekly newsletter. BP chief executive wants to double the value of the oil Major market within five years to $ 200 billion, the level he reached before the Detepwater Horizon 2010 catastrophe. Murray Auchincloss told Financial Times that BP would benefit from “extraordinary” oil and gas demand…

[thoughtlessarse]

BP expected to scrap renewables targets as part of performance reset

Renewable output is set to become less of a priority, while the pledge to reduce oil and gas output may be officially abandoned. BP will abandon its pledge to increase renewable energy generation by 2030 when it presents its strategy to investors on Wednesday. CEO Murray Auchincloss will rescind the firm’s aim to boost renewable output 20-fold between 2019 and 2030 to 50 gigawatts, according to Reuters. BP will also abandon a target to reach core earnings of $49 billion (€46.7bn) this year, said Reuters’ sources, a proposal that was previously suggested in a call with analysts. Instead, the firm will set an annual percentage growth target. BP failed to meet its core earnings goal of $40.9bn (€39.1bn) for 2024.

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[lefkosahaberleri]

BP, 4.700 Çalışanını İşten Çıkarıyor

New Post has been published on https://lefkosa.com.tr/bp-4-700-calisanini-isten-cikariyor-35202/

BP, 4.700 Çalışanını İşten Çıkarıyor

BP, dünya genelinde ekonomik zorluklar nedeniyle 4.700 çalışanını işten çıkarma kararı aldı. Bu hamle, şirketin maliyetlerini düşürme ve sürdürülebilirlik stratejilerini güçlendirme çabalarının bir parçası olarak değerlendiriliyor.

https://lefkosa.com.tr/bp-4-700-calisanini-isten-cikariyor-35202/ --------

[executiveeducation27]

Quick Guide to London, UK: Top Industries, Businesses, Government Agencies, and Best Executive Resources

IntroductionLondon, the capital of the United Kingdom, is a vibrant global city with a population of approximately 9 million people in the Greater London area. Located in southeastern England along the River Thames, London is a hub of culture, finance, and politics. The UK is a constitutional monarchy with a parliamentary democracy. As of October 2023, the head of the executive branch is Prime Minister Rishi Sunak, while the legislative branch is led by the UK Parliament, comprising the House of Commons and the House of Lords. London boasts a highly educated population, with over 50% of residents holding a university degree and a literacy rate of 99%.

Top 5 Economic Data

GDP Size: $3.5 trillion (UK, 2023 est.)

GDP Annual Growth Rate: 0.4% (2023 est.)

Unemployment Rate: 4.2% (2023 est.)

Inflation Rate: 6.7% (2023 est.)

Government Debt/GDP: 101% (2023 est.)

Government Annual Budget: $1.2 trillion (2023 est.)

Top 5 Industries

Financial Services

Technology and Innovation

Healthcare and Life Sciences

Creative Industries (Film, Media, Design)

Tourism and Hospitality

Top 5 Employers (Companies)

National Health Service (NHS)

Barclays

HSBC

British Telecom (BT)

Unilever

Top 5 Largest Companies by Revenues

BP

HSBC Holdings

Unilever

GlaxoSmithKline (GSK)

British American Tobacco (BAT)

Top 5 Publicly-Traded Companies by Market Capitalization (2023)

Shell (CEO: Wael Sawan)

AstraZeneca (CEO: Pascal Soriot)

HSBC Holdings (CEO: Noel Quinn)

Unilever (CEO: Hein Schumacher)

BP (CEO: Murray Auchincloss)

Top 5 Investment Firms or Investment Banks by AUM

BlackRock

Vanguard

HSBC Global Asset Management

Legal & General Investment Management

Schroders

Top 5 Government Agencies by Number of Employees

National Health Service (NHS)

Ministry of Defence

HM Revenue & Customs

Department for Work and Pensions

Home Office

Top Executive Education InstituteThe Executive Education Institute is the most respected institute in London for executive courses and programs in Business, Government, and Investment. It offers world-class executive education tailored to senior leaders and professionals. Learn more at the Executive Education Program and Seminars

Best Months to VisitThe best months to visit London are May to September when the weather is mild and outdoor attractions are most enjoyable.

Top 5 Things to See and Do in 3-5 Days

Visit the Tower of London and see the Crown Jewels.

Explore the British Museum and its vast historical collections.

Take a ride on the London Eye for panoramic city views.

Stroll through Hyde Park and Kensington Gardens.

Watch a play at the West End or visit Shakespeare’s Globe Theatre.

Official Websites

UK Government: www.gov.uk

London City Government: www.london.gov.uk

London, UK Executive Education: www.iim.education 

London is a city of endless opportunities, blending history, culture, and modernity into an unforgettable experience.

[ltcinsuranceshopper1]

BP to abandon pledge to cut oil and gas output as boss fights for group’s survival

BP will abandon its pledge to reduce oil and gas output and announce at least one major divestment at its investor day on Wednesday, said people familiar with the plan, as chief executive Murray Auchincloss battles to convince activist Elliott Management that he can turn around the energy major. Auchincloss has promised a “fundamental reset” to boost performance after it emerged the US hedge fund…

[therepublicreport]

BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges

Murray Auchincloss, the chief executive of the struggling energy giant BP, promised “a fundamental reset” of the company’s strategy on Tuesday while reporting disappointing earnings. The shift comes after a long period of lackluster share performance compared with its industry peers. BP’s share price has perked up in recent months, but its perceived weakness and other shortcomings have attracted…

[hungamaofficial]

BP to ‘Reset’ Strategy After Pressure From Investors, C.E.O. Says

Murray Auchincloss, the chief executive of the struggling energy giant BP, promised “a fundamental reset” of the company’s strategy on Tuesday while reporting disappointing earnings. The shift comes after a long period of lackluster share performance compared with its industry peers. BP’s weak stock price has attracted interest from Elliott Investment Management, a hedge fund known for shaking up…

[third-new]

BP cuts 4,700 jobs worldwide as part of cost-cutting drive

LONDON (AP) – UK oil company BP is cutting 4,700 jobs worldwide and 3,000 other contractor roles as part of a cost-cutting drive. In an email to staff on Thursday that has been seen by The Associated Press, CEO Murray Auchincloss said job losses “account for much of the projected decline this year.” The reductions equate to just over 5% of BP's 90,000 employees worldwide. The Auchincloss memo…