#BP #DauMo #OilPrice #AlbertManifold #MegONeill #CityAM #KhungHoangQuanTri #GiaDau #NangLuong #KinhTeTheGioi #Hormuz #CongNgheDauKhi
One of the world's largest oil and gas corporations has just fired its chairman for allegedly "yelling and humiliating employees." Is this just a management drama or a sign that BP is entering a crisis deeper than oil prices?
While global oil prices fluctuated wildly due to Iran and Hormuz tensions and concerns about supply shortages in Europe, BP suddenly fell into an "internal storm" that shocked London's financial community.
Albert Manifold was immediately dismissed by BP less than a year after becoming Chairman of the group. The cause does not come from oil and gas losses but from a series of accusations related to authoritarian management behavior, yelling and causing mental pressure on lower-level employees.
GLOBAL ENERGY PRICE FLUCTUATIONS
Commodities Current Price Fluctuating
WTI Crude 91.84 USD/barrel, down 2.18%
Brent Crude 97.90 USD/barrel, down 1.69%
Murban Crude 95.05 USD/barrel, up 2.40%
Natural Gas 2,885 USD, down 0.31%
What shocked the market was not just the "ejection" of the chairman, but the fact that BP has now replaced 3 CEOs and nearly 3 Chairman generations in just about 3 years.
BP STOCKS REACTED EXTREMELY STRONG
Moment of Impact
After the layoff announcement, stocks fell more than 8%
2 hours later, still negative about 4.6%
Investor confidence was seriously affected
Major investors in the UK are said to have lost patience with phof Albert Manifold's leadership for a long time. Just 1 month earlier, nearly 20% of shareholders voted against his continuing to hold the position of Chairman of BP, which is extremely rare among British energy corporations.
WHAT'S HAPPENING INSIDE BP
According to British media, many employees felt "belittled" and "oppressed" after meetings with Manifold. Some reports describe his temperament as “volcanic,” often short-tempered and verbally oppressive.
Amanda Blanc, a member of the BP board of directors and CEO of Aviva, confirmed that the board had discovered many serious issues related to unacceptable governance standards and leadership behavior.
This puts BP in an extremely dangerous position as the group is trying to recover from years of underperforming Shell, ExxonMobil and Chevron.
COMPARE BP WITH MAJOR COMPETITORS
Corporation Current status
BP's ongoing leadership crisis
Shell stabilizes cash flow and LNG
ExxonMobil grew strongly thanks to shale oil
Chevron expands exploitation and M&A
TotalEnergies transfers energy quite stably
While Shell and ExxonMobil are benefiting from high oil prices and the European energy crisis, BP is having to deal with a management "civil war" right in the middle of the most sensitive period.
WHAT IS THE MARKET WORRIED ABOUT?
Investors are currently most afraid of the possibility that BP will continue to lose its strategic direction. Although new CEO Meg O'Neill has just announced a strong restructuring plan, dividing BP into two distinct segments, upstream and downstream, the constant change of leadership is creating a lingering sense of instability.long.
NEW MODEL OF BP
Activities Role
Upstream searches and exploits oil and gas
Downstream petrochemical refining and fuel sales
Bloomberg Intelligence analysts warn that BP needs to quickly restore market confidence if it does not want to fall further behind Shell and ExxonMobil.
AMID THE WORLD IS SHORT OF OIL, BP LACKS STABILITY
This is what worries the energy world the most. Europe is currently facing the risk of oil and LNG shortages because of tensions between Russia, Iran and Hormuz. In that context, a "big man" like BP should have taken advantage of the opportunity to accelerate profits, but instead was mired in internal scandals.
WORLD OIL PRICES ARE CURRENTLY AT A VERY SENSITIVE THRESHOLD
Notable Mold Oil
Brent is nearly 100 USD/barrel
WTI far exceeds the old stable zone
Many experts forecast that oil could be above 100 USD for many years
If BP continues to have chaotic management while Shell and ExxonMobil accelerate, will the group that was once an icon of British oil and gas lose its position on the global energy chessboard?
#BP #GiaDau #DauMo #Shell #ExxonMobil #Chevron #TotalEnergies #Hormuz #LNG #NangLuong #KhungHoangQuanTri #OilMarket #KinhTeTheGioi #CongNgheDauKhi
