Key Points BP's strategy has undergone significant shifts over the past several years. ExxonMobil has never deviated from its core strengths. The oil giant remains focused on executing its successful strategy in the future. 10 stocks we like better than BP › BP (NYSE: BP) is one of the world's largest integrated energy companies. It has a global upstream oil and gas portfolio, a strong downstream refining business, and is investing in the lower-carbon energy the world will need in the future. The ...

Core Insights - Schlumberger's new land services headquarters in Chengdu marks a significant step in the company's strategic expansion in China, supporting the development of an energy equipment industry cluster in Shuangliu [1][2] - The headquarters aims to enhance the technological capabilities in high-end oil and gas and digital exploration in the Southwest region, accelerating the industry's transition towards high-end, intelligent, and green solutions [1] Company Development - Schlumberger has been rooted in Chengdu for over 20 years since the establishment of its base in 2002, transitioning from a traditional oilfield service company to a technology-focused entity emphasizing low-carbon and energy innovation [2] - The company is currently developing technologies in carbon capture and storage, hydrogen, geothermal energy, and energy storage, leveraging digitalization to improve industry efficiency and sustainability [2] Project Details - In 2022, Schlumberger (China) Investment Co., Ltd. signed an investment agreement with the Shuangliu District government, committing 700 million yuan to build the land services headquarters, settlement center, and equipment maintenance base [2] - The new facility covers an area of 42 acres with a total construction area exceeding 20,000 square meters, including office buildings, warehouses, and production support facilities, significantly increasing the scale compared to the previous base [2] - The new headquarters is equipped with advanced infrastructure, providing a comfortable working environment and enhancing operational efficiency and service capabilities across core functions such as technical research and equipment maintenance [2] Regional Development - Shuangliu District is focusing on creating an "open airport," "industrial airport," "innovation airport," "quality airport," and "happy airport," implementing actions to enhance the business environment and promote development [3] - The district aims to provide comprehensive quality services and strengthen policy measures, resource guarantees, and innovation support to boost Schlumberger's production and efficiency [3] - The completion of the new headquarters is seen as an opportunity to deepen government-enterprise cooperation, attracting more high-end projects, partners, and top talent to Shuangliu, thereby accelerating the layout of the energy equipment industry [3]

Core Insights - 84% of high-net-worth investors in Hong Kong are interested in transition investments, indicating a strong interest in supporting companies in high-emission industries to align their operations with net-zero targets [1] - The top three investment themes of interest among Hong Kong respondents are green hydrogen (49%), carbon capture and storage (47%), and electric vehicles (47%) [1] - Personal values (61%) are viewed as the primary reason for investment by Hong Kong investors, the highest percentage among all surveyed markets, followed by improved returns (61%) and positive social and environmental impact (54%) [1] Investor Sentiment - Despite the growing interest in transition investments, investors express some reservations, with the primary concern being perceived higher risks (52%), followed by doubts about the potential for change (40%) and lower expected returns (36%) [1]