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  "docSlug": "77da03211d52",
  "documentTitle": "BP plc (BP)",
  "authorId": "23_Bluebell_Capital",
  "authorName": "Giuseppe Bivona and Marco Taricco",
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  "presentationDate": "2024-10-21 00:00:00",
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  "notes": "The slide functions as an activist investor's public inquiry list, challenging the company's credibility and transparency.",
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      "text": "Given the company has abandoned its 2025 EBITDA target, which in turn undermines the credibility of the 2030 target as well, what financial targets - previously communicated by BP, during the February 2023 strategic update - can the market now refer to in order to measure the company's results?",
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      "kind": "list",
      "text": "1. Could you provide for the 2025 Ebitda target... 2. At what stage does BP expect to be in a position to give a revised Ebitda target for 2025? 3. Considering the warning... 4. Given the company has abandoned its 2025 EBITDA target... 5. Could you confirm that you still expect TravelCenters of America to grow EBITDA to around $800 million in 2025? 6. Could you confirm that you decided to drop the target of 2.0 mmboed of oil and gas production by 2030... 7. Could you confirm that you have halted new offshore wind projects...",
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      "kind": "paragraph",
      "text": "We expect at the upcoming earning call, scheduled for October 29th, 2024, that the management must answer the following questions:",
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      "kind": "quote",
      "text": "\"As you’ll be aware, 2025 Brent strip is at around $75 per barrel, and other commodities and prices, including refining margins, are under pressure. Were these prices to play out, the rule of thumb impact in 2025 would be around $4 billion – but that’s a price call that we don’t know at this stage\" — BP CEO at the Q2 2024 results.",
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      "text": "3 \"As you'll be aware, 2025 Brent strip is at around $75 per barrel...\"",
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      "kind": "title",
      "text": "BLUEBELL CAPITAL PARTNERS",
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