Simon Jack
speaker
172 appearances
2 recordings
1 series
first heard Jul 2026
last heard 9 Sep
Simon Jack’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Sep 2026 with 1.
Appearances
And I think the oil and gas companies felt that they did not want to be shouldering the burden of that and would actually rather make more profit than leave it to others to do some of the heavy
Well, uh I I think there's t there's two things.
I think b well some of the the management changes have uh have blurred their focus a little bit.
There is a general does it know
Well, it's an energy major and and I think it would call itself an oil and gas major.
And it is true that they went too far too fast, but there was a feeling that because Murray Oakencloss was Bernard Looney's number two
Can he be the person to lead the company when he was, you know, joint architect of the previous direction?
And there was quite a lot of activist shareholder pressure to get rid of him from you know people like Elliott Management and others, for example.
At that point they basically decided they needed a a change a change of tack.
And and in fact people didn't think that Murray Opencloss was was going fast enough in sort of ripping up.
Two things.
Meg O'Neal comes in with a company which is making very b fat profits, but not as much profit as its peers, like Shell and like Exxon.
And also is not valued as highly based on value per dollar earned.
So B P trades at about a ten percent discount o on, you know, price per dollar earned to Shell and about
thirty to forty percent discount to Exxon.
Now part of that is because Exxon is listed in the US on l US stock exchanges where investors are much less squeamish about owning owning oil and gas assets.
The thing to watch here is we know that Shell, I did an interview with Wales, the boss there about eighteen months ago maybe, who said, We got a very warm welcome when we do our Capital Markets Day over in New York.
And you know, maybe we'll one day list our shares there because the point is, is that neither Shell nor BP, even though they are British headquartered companies, are really British at all.
And certainly BP does well a lot of its business in the US.
You know, the B doesn't stand for British when they're in in the US.
Showing 101–120 of 172 · page 6 of 9
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