And I’m all for it.
America makes BP the most money yet the Bri-ish LT show disdain towards us at every turn and very openly. Especially Murray.
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Wait use a name like the American Oil Company? Perhaps shorten it to Amoco? Darn if only we had the rights to that name…
Anyone who thinks there isn’t a material difference in primary US listing and leaving UK hasn’t been paying attention. LSE has been on decline in listing #s and values for a half dozen years and running. Even newly public companies in the UK are choosing to list on NYSE instead of LSE. Add on top the incredibly large amount of work needed to satisfy European climate and sustainability disclosures and it’s not even close.
I nominate WL for our next CEO and BL as chairman
I see the issue.. we have not had an Australian run the company yet
The chairman is Norwegian, the last one was Swedish and the one before was Irish. The CEO is Canadian, the last one was Irish and the one before was American. Think you've been watching too many Mel Gibson films if you think Brits are always the bad guys.
Move to the UK then or get a new job for a US company if it bothers you that much. Not that I agree with the comment, it’s absurd. I’m sure the company will be just fine if you choose to find a new opportunity.
Elliott have a minority holding, but they will enlist other investors to team up with them to get a much more significant percent of shares. If bp doesn’t cooperate, it’s going to get very messy. It will be played out behind closed doors and in the media.
Elliot has a minority holding.. at most he might write a few letters that influence the next strategy... And maybe board composition... the company is already implementing changes so his acquisition is probably at a good point (low pe) with some upward momentum..
Little additional value in a entirely US listing.. if there were there would be a material arbitrage between London and NY today..
Likely it will be more JVs for non core / higher capex assets.. of which GOM upstream is an unlikely candidate..
It is in very poor taste to list out accidents that have occurred in USA Region. So not to respond at that lower level, but UK gave them Browne, Tony Haywood, Looney Tunes + ha--m; and also uk expats trying to prove and justify themselves in countries where skilled workers already exist. St James also was the brainchild of TSI where all the jobs are going to cheap labour now.....the downfall is very much at the "Home Office"
Our most valuable Refineries are in the states as well.
Cherry Point and Whiting are both strategic hubs for their geographic locations.
The best thing would be to split Americas from the rest. We can make money on our own....the rest can serve the Queens.
This could be realistic if Elliott drives a split of the company into various parts like upstream, refinining, etc. and sells portions off. The most valuable upstream assets are in the US and it would not be unrealistic to be purchased by a US company.
The Bri’ish government won’t let that happen. National security, yadda yadda yadda
Alaska pipeline, Texas city, deep water horizon.