The Financial Times recently published a substantial profile piece of ExxonMobil and its chief executive, Darren Woods, under the title The King of Big Oil. The title suggests a conventional story about operational success, scale and corporate recovery. Those elements are there to begin with, but the article then becomes
Genel Energy has announced a recommended cash offer for Capricorn Energy, valuing the company at approximately $360 million on a fully diluted basis. Shareholders have been offered $4.74 per share, comprising $3.75 in cash from Genel and a $0.99 special dividend from Capricorn. The total package is
I have written a lot recently about what oil companies got wrong: the retreat from exploration, the confusion of transition strategy with corporate identity, and the tendency of boards to mistake a fashionable market narrative for durable industrial reality. This article is about the other side of that argument. Eni
I have already argued that BP’s chair question is not simply a vacancy problem, but a process problem. After the removal of Albert Manifold, BP does not just need another permanent chair; it first needs to restore confidence in the machinery that will make that appointment. Hence my case
Over two decades ago, I was a reservoir engineer working for Talisman Energy in Aberdeen when a small flurry of excitement moved through the office. “There’s been a reserves scandal at Shell,” someone said, leaning into my office, delivering industry gossip that was too good to wait. I remember
