Energy Musings - January 29, 2024

BP has confirmed its interim CEO Murray Auchincloss as its permanent leader. At the same time we are learning that BP is dealing with an activist shareholder opposed to BP's abandoning oil and gas.

BP Green Devotion Hurting Its Shareholders

The Financial Times is reporting that London-based hedge fund Bluebell Capital Partners has taken a position in the stock of BP plc and wrote chairman Helge Lund in October with criticisms of the company’s business strategy.  In particular, the fund questions the commitment to cutting oil and gas production by 2…