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Started By
Message
re: Shell in Early Talks to Acquire Rival BP
Posted on 6/25/25 at 9:54 pm to ragincajun03
Posted on 6/25/25 at 9:54 pm to ragincajun03
quote:
I wonder if they could negotiate to just buy BPX and not BP as a whole.
Bps most recent strategy change emphasized that their future was the assets in the US. Goa, BPx, and Castrol are all huge businesses. Elliot capital wants out of all the green bullshite asap. I wouldn’t be surprised if BP gets sold off part and parcel.
0
Posted on 6/26/25 at 7:55 am to LemmyLives
quote:
Neither one of them have almost any IT presence on shore, it'll be fun to watch them try and integrate systems at some point.
It’ll be like this, but with Indians:
Posted on 6/26/25 at 8:20 am to TutHillTiger
quote:
I hope Shells corporate culture prevails BP sucks
Working with both companies closely in my career, Shell isn't so great itself. Actually, probably more difficult to work with. Know at least a few current and former employees of both companies and hear more negative from the Shell side.
Posted on 6/26/25 at 10:14 am to FOBW
quote:
reserves in the GoA
I think I see what you did there.
Posted on 6/26/25 at 10:27 am to Mid Iowa Tiger
quote:
Can that pass anti-trust rulings?
Think of oil in 4 spheres
Russia aka Russian government
Europe (via Africa and Middle East) aka BP / Elf / Total
USA aka Standard Oil aka 7 Sisters
South China Sea aka Royal Dutch Shell
quote:
That seems like damn near a monopoly at that point.
BP is non USA (NYSE via ADR's)
RDS is non USA (Dutch + ??)
No US anti trust issue especially as Standard Oil has been merging the children since 1980.
Posted on 6/26/25 at 10:28 am to TutHillTiger
quote:
I hope Shells corporate culture prevails BP sucks
Like every major their corporate culture is woke trash. Good place to get your foot in the door if you’re some queer immigrant though.
Posted on 6/26/25 at 10:39 am to Cheese Grits
quote:
BP is non USA (NYSE via ADR's)
BP is basically dead money for another decade as the result of being subject to the UK windfall tax.
Posted on 6/26/25 at 10:42 am to waiting4saturday
quote:
US Government really doesn't care about upstream as long as one company doesnt own too many refineries - so this should be fine - at least in the US.
How much say does the US government have over a purely British transaction?
Posted on 6/26/25 at 10:42 am to HeLeakin
BP is probably financially hurting from paying out those bogus oil spill claims. That was a total scam.
Posted on 6/26/25 at 11:25 am to lsuconnman
quote:
BP is basically dead money for another decade
BP was the AT&T (pre breakup) of the UK
Widows, orphans, pensioners (and the Royal Family) outstanding divided company that paid out small checks for folks to help with living expenses. That mess in the Gulf ended that and modern MBA's diverted that $$$$ from dividend checks for many, to "bonuses" and "options" for a handful at the top. Happened in the US and we have exported the short term profits model to Europe instead of long term, steady growing public corporations.
Posted on 6/26/25 at 11:36 am to Jon A thon
quote:
Working with both companies closely in my career
Same
quote:
hell isn't so great itself. Actually, probably more difficult to work with
100% agree
Posted on 6/26/25 at 1:25 pm to Jon A thon
quote:
Know at least a few current and former employees
Formed an impression from 3-5 people.
How about the other 119,995 employees
between them?
Nice.
Posted on 6/26/25 at 1:28 pm to texag7
quote:
Like every major their corporate culture is woke trash.
I will give Shell credit for realizing the green energy was bullshite much quicker than BP.
Shell did stick with their crap of woke culture and promoted lots of unqualified dumbasses and continue to do so:
Posted on 6/26/25 at 4:04 pm to ragincajun03
... forget about upstream business, Permian, green energy s#it, offshore, platforms, wells, refinery crap ...
... this whole "rumor sale" of BP to Shell Oil is to hide s#it from you, John Q. Public.
this is in the league beside the Jeffery Epstein stuff
Some really shady stuff ...
It would behoove you to re-watch the movie ...
The Pelican Brief ... talk about living in a script
There you go ...
one dead US Supreme Court Justice and everything ( could have been easily 2)
... not to mention the ending, by the way ...
A president drops out of running for re-election
Guess those globalists didn't see that one coming
This sale is strictly to hide s#it from you
Posted on 6/26/25 at 4:54 pm to Artificial Ignorance
quote:
Formed an impression from 3-5 people.
How about the other 119,995 employees
between them?
Nice.
I'll provide a little more clarity. I work in both of their offices more days than I do not. In their office 90% more than my own company's office. I've got a decent basis to form my opinion.
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