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Posts on ‘July 26th, 2011’

BP is now in danger of becoming a ‘jam tomorrow’ business

Damian Reece

By 12:17PM BST 26 Jul 2011

Management, led by Bob Dudley, is gradually losing the trust of shareholders who have sat through one failure after another, most recently the Macondo oil spill and then the spectacular blow up of its Russian strategy.

I expect one of the big pictures to emerge form this week’s results from the big oil companies is the marked divergence in the fortunes of BP and Royal Dutch Shell. Since BP’s fatal accident in the Gulf of Mexico, its shares are off a third while Shell is up 15pc. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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