#BP #DauMo #OilPrice #AlbertManifold #MegONeill #BrentCrude #WTI #Hormuz #CongNgheDauKhi #NangLuong #KinhTeToanCau #LNG #Petrochemicals
One of the most powerful oil and gas corporations in the world has just "changed generals in the middle of the battlefield", is this just an internal scandal or a signal that the global energy industry is entering a new period of chaos?
BP is going through one of the most serious governance crises in recent years when Chairman Albert Manifold was immediately fired after a series of accusations related to conduct, bullying of employees and violations of internal governance standards. The shocking thing is that Manifold has only been Chairman for less than a year but has caused this giant oil and gas corporation to lose billions of dollars in capitalization in just a few hours of trading.
In the context of global oil prices fluctuating extremely strongly due to Strait of Hormuz tensions, Middle East war and worries about European LNG supply, changes in senior personnel at BP make investors even more confused.
GLOBAL ENERGY PRICE DEVELOPMENTS
Current Price Index Volatility
WTI Crude 91.84 USD/barrel -2.18%
Brent Crude 97.90 USD/barrel -1.69%
Murban Crude 95.05 USD/barrel +2.40%
Natural Gas 2,885 USD/MMBtu -0.31%
REFERENCE CONVERSION
Item Conversion price
Brent Crude is about 2,550,000 VND/barrel
WTI Crude is about 2,390,000 VND/barrel
Murban Crude is about 2,470,000 VND/barrel
What surprised the market kIt's not just about BP "slaying generals", but also at an extremely sensitive time. Europe is facing the risk of winter energy shortages if supply from the Middle East continues to be disrupted. Meanwhile, BP is comprehensively restructuring to return to the traditional oil and gas model instead of racing green energy as before.
BP STOCKS PUMP AFTER THE LAYOUT INFORMATION
Time of Decrease
Immediately after the announcement more than 8%
After 2 hours of trading, about 4.6% remained.
This is considered a strong blow to investor confidence because BP has continuously changed leadership in the past 3 years.
SERIES OF LEADERSHIP CHANGES AT BP
Character Volatility
Helge Lund Leaves Chairman's Chair
Bernard Looney Resigned for violating internal policies
Murray Auchincloss Replaced after less than 2 years
Albert Manifold Fired for conduct
New CEO Meg O'Neill is restructuring BP
Analysts say that BP is currently facing a dual crisis including a governance crisis and a strategic crisis.
While Shell and ExxonMobil are keeping a more stable leadership structure, BP is constantly changing its CEO and Chairman, causing internal control capabilities to be questioned. In particular, the fact that shareholders protested against Albert Manifold right at the annual shareholders' meeting shows that signs of instability appeared early on.
COMPARATIVE COMPARISON OF OIL AND GAS BIGGETS
Corporation Current status
BP Leadership crisis
Shell Strong financial stability
ExxonMobil Growth thanks to shale oil
Chevron Boosts LNG and Upstream
TotalEnergies Expanding energy diversity
Another notable detail is:BP is returning to the classic “upstream/downstream” model.
NEW MODEL OF BP
Role Array
Upstream Oil and gas exploitation
Downstream Refining, petrochemicals and fuel sales
This shows that BP is temporarily "putting a brake" on its green transformation ambitions to return to focusing on making profits from traditional oil and gas while oil prices are high.
GLOBAL ENERGY MARKET CONTEXT
• The Strait of Hormuz continues to heat up
• Iran tightens its influence on oil supply
• Europe lacks spare LNG
• Oil prices are at risk of exceeding 100 USD/barrel
• Oil and gas companies return to investing more strongly upstream
Many experts warn that if Middle East tensions persist and internal instability within major oil and gas corporations continues, the world could enter a new oil super price cycle similar to the 2008 period.
The scariest thing right now is probably not the rising oil price, but the shaky market confidence within the largest "energy empires" on the planet.
#BP #GiaDau #Brent #WTI #OilMarket #Hormuz #LNG #PetroVietnam #CongNgheDauKhi #NangLuongToanCau #KinhTe #DauKhi #MiddleEast #EnergyCrisis #OilShock
