No sh-t sherlock. You can get rid of 90% of strategy and new business development given the horrible deals and non-decisions in the past ......
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It drives me crazy whenever leadership claims our share price is low because our stock is “undervalued.” If it was truly undervalued, investors would be lining up ready to buy more shares.
A wise man once said, “you are what your record says you are.” Anything is just an excuse.
The entire purpose of Exploration is to add new reserves and they haven’t delivered any significant discoveries since Whale (2017). Moral victories like Namibia don’t count if you can’t economically pull oil out of the ground.
How is exploration doing ? Nothing announced lately ..... I thought that AI was going to find some more ....
Once Wally gets the house in order and feels comfortable with the valuation gap closed a bit more to US majors…. The chatter on the street will quickly shift to “they don’t have barrels in the ground to support the flat liquids promise”. At which time I hope acquisition targets are better priced. Cause lord knows exploration will NOT provide the bbls needed. Down goes share price again