BP says possible contamination has been identified relating to crude shipments from Azerbaijan that get delivered to global markets from a port in Turkey https://t.co/mTWSRAQSWR ...

埃利奥特管理公司发言人：英国石油公司在成本基础、资本配置和扭亏计划方面存在特别明显的不足。 ...

BP named Albert Manifold as its new chairman, picking an energy-industry outsider to oversee a strategy revamp aimed at reviving the oil major’s fortunes https://t.co/HWU5Smmce8 ...

Elliott, which is one of BP's largest shareholders, wants the energy giant’s incoming chairman to urgently improve the firm’s cost base and capital allocation, citing a weak turnaround plan https://t.co/LUXlq3T1nA ...

美国私募Elliott：英国石油公司（BP）新任CEO Albert Manifold应当赶紧解决公司的诸多短处。 ...

Summary of Global Oil and Gas Valuation Report Industry Overview - The report focuses on the **Global Oil and Gas** industry, providing insights into major companies and market dynamics as of **July 18, 2025** [1][2]. Key Companies Mentioned - **India**: Bharat Petroleum, Hindustan Petroleum, Indian Oil, ONGC, Reliance Industries - **Europe**: BP, BW LPG, Ceres Power, ENI, Fuchs Petrolub, Galp, Industrie De Nora, ITM Power, MOL, Motor Oil - **North America**: Aemetis, Antero Resources, APA Corp, Chevron, ExxonMobil, Halliburton, Suncor Energy, Valero Energy - **China**: CNOOC, Petrochina, Sinopec - **Saudi Arabia**: Saudi Aramco - **Others**: Companies from South Africa, Thailand, South Korea, Japan, Australia, and Latin America are also included [2]. Core Insights and Arguments - **Valuation Metrics**: The report provides various valuation metrics such as **EV/DACF**, **FCF Yield**, and **P/E Ratios** for major oil companies, indicating their financial health and market performance [9]. - **Performance Ratings**: Companies are rated based on their performance, with **Chevron** and **ExxonMobil** receiving "Buy" ratings, while **Equinor** is rated as "Sell" [9]. - **Growth Projections**: The report includes **CAGR** estimates for 2024-2027, indicating expected growth rates for different companies, with **Cenovus Energy** projected to have a **78%** upside potential [9]. - **Market Trends**: The report highlights trends in the oil and gas sector, including shifts towards renewable energy and the impact of geopolitical factors on oil prices [6]. Important but Overlooked Content - **Analyst Conflicts of Interest**: The report discloses potential conflicts of interest due to UBS's business relationships with covered companies, which may affect the objectivity of the analysis [4][5]. - **Macro Assumptions**: The report includes macroeconomic assumptions that underpin the valuations, sourced from reputable databases like Bloomberg and Reuters [6]. - **Definitions and Metrics**: Key financial metrics and definitions are provided to ensure clarity in the analysis, such as the **Nelson Complexity Index** for refining capacity [8]. Conclusion - The **Global Oil and Gas Valuation Report** provides a comprehensive analysis of the industry, highlighting key players, financial metrics, and growth projections while also addressing potential conflicts of interest and macroeconomic assumptions that could influence investment decisions [1][2][4][5][9].

Core Viewpoint - BP has appointed Albert Manifold, former CEO of CRH, as the new chairman amid its challenging strategic transformation to reverse a declining stock price [1] Group 1: Leadership Changes - Albert Manifold will replace Helge Lund as chairman starting in October [1] - Helge Lund has been chairman since 2019, but faced criticism for supporting BP's aggressive push into renewable energy [1][5] - The search for a new chairman was led by BP's senior independent director Amanda Blank, who believes Manifold is ideal for overseeing the next phase of BP's development [1] Group 2: Company Performance - BP's stock price has dropped nearly 30% since Lund took over in 2019, significantly underperforming its peers [2] - The company is currently facing pressure from activist investors like Elliott, who own over 5% of BP and are calling for cost reductions and a refocus on core oil and gas operations [5] Group 3: Market Reactions - BP's stock rose 1% to $32.31 in pre-market trading following the announcement of Manifold's appointment [2] - Analysts from JPMorgan expect that the leadership change will be positively received by the market, despite Manifold's lack of experience in the oil and gas sector [5] Group 4: Future Plans - Murray O'Hanlon, set to become CEO in January 2024, has already announced a reform plan for BP [6] - Other potential candidates for the chairman position included Sam Laidlaw, former CEO of CNA Financial, and Ken MacKenzie, former chairman of BHP [6]

BP appoints Albert Manifold as its new chairman, effective Sept. 1 https://t.co/rpubHlldVA ...

Core Insights - Global capital and technology are accelerating around "deep decarbonization," with the EU postponing mandatory ESG disclosures for large companies to 2027 to ease short-term compliance burdens [2][6] - China is intensifying its green finance and ESG policies, with the central bank releasing a new version of the "Green Finance Support Project Directory (2025 Edition)" outlining eight major green industry directions [2][26] - The academic frontier shows that trade policy uncertainty has a significant inverted U-shaped relationship with corporate ESG performance, indicating that moderate levels of trade policy uncertainty incentivize ESG investment [2][4] ESG Important Events - The EU has decided to delay key sustainability reporting requirements for large companies until 2027, allowing for a two-year extension on new or upgraded ESG disclosures [20][25] - Saudi Arabia has committed to investing $8.3 billion in renewable energy projects by 2028, aiming to provide 15,000 MW of clean energy capacity [6][8] - Iberdrola has signed over $7.5 billion in sustainable financing agreements, including €4.1 billion for the construction of one of the world's largest offshore wind farms [8][26] Academic Frontiers - A study published in the "International Review of Economics and Finance" found that trade policy uncertainty has a significant inverted U-shaped relationship with corporate ESG performance, suggesting that moderate levels of uncertainty can encourage ESG investments [2][4] - Another study indicated that an increase in provincial digital trade levels correlates with a 0.131 increase in corporate ESG scores, particularly in state-owned enterprises and regions with strong environmental regulations [2][4] Domestic ESG Hotspots - The People's Bank of China has released a new version of the "Green Finance Support Project Directory (2025 Edition)," which clarifies eight major green industry directions [2][26] - The first "ESG-linked" carbon quota loan has been issued in Yunnan, marking a significant step in integrating ESG principles into financial products [2][26] - Geely Auto has announced plans to enhance its new energy layout by absorbing Zeekr, indicating a strategic shift towards sustainable transportation [2][26]

Group 1 - BP plc has agreed to divest its U.S. onshore wind business to LS Power as part of a strategic reset to focus on traditional oil and gas operations [1][10] - The divestment is aimed at improving shareholder returns and addressing investor concerns due to BP's underperformance compared to rivals [2] - BP's U.S. onshore wind business, bp Wind Energy, consists of 10 operational projects across seven states with a cumulative capacity of nearly 1.7 GW, of which BP owns 1.3 GW [3][10] Group 2 - The transaction is expected to conclude by the end of this year, with bp Wind Energy becoming part of LS Power's subsidiary, Clearlight Energy, increasing LS Power's total capacity to about 4.3 GW [4] - The acquisition by LS Power is intended to expand its renewable energy capacity to meet growing energy demands in the U.S. [5] - The financial details of the deal have not been disclosed [4]