By Paul Sankey
Published on May 26, 2026 at 8:57 AM
As I just said to a hedge fund “this better be really, really bad” in regards to the shock announcement that Albert Manifold has been unanimously fired by the board of BP. To us, this is a disaster in terms of the concept that Manifold was fully hands-on as Chairman, in BP HQ five days a week with “only one small side project”. The concept was that Manifold’s performance at CRH would be driven into …
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By Paul Sankey
Published on August 24, 2025 at 5:41 PM
Back from my week in Colorado and California. I missed a wet week in Brooklyn as Hurricane Erin passed. Today the weather is perfect, though bearish natgas. Temperatures have been cold and are now ideal. No air con, but a the beautiful summer breeze, we are at 78F, 25C. Top tip: in temperature conversion, 28°C ⇄ 82°F, 16°C ⇄ 61°F, 4°C ⇄ 40°F.~ Natgas bulls look away now: Source: NOAA ~ When in Rome, we …
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By Paul Sankey
Published on October 29, 2024 at 8:16 AM
Let’s face it, BP can’t miss. The stock sucks. It is just about the worst performing on the FTSE 100 this year, which is hardly a stellar market. Our Q3 results call here is: change the BP board. Somebody has to be held responsible for the performance of this once-great British company, whose last move was to fire the CEO for sexual misconduct. Hardly a “bravo!” for that, especially not as the board then defaulted …
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