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  "documentTitle": "BP plc (BP)",
  "authorId": "23_Bluebell_Capital",
  "authorName": "Giuseppe Bivona & Marco Taricco",
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  "presentationDate": "2024-05-01 00:00:00",
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      "text": "Since the appointment of Mr Looney as CEO (as a proxy for the current strategy) BP's TSR of 34% lags all of its peers (69% for Shell, 87% for Chevron, 101% for Total Energies and 143% for ExxonMobil).",
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      "text": "Since we started engaging with BP, the Company has not only failed to address our concerns and continue with its trajectory of underperformance, but we view the most recent behaviour of BP's leadership as confirmation that this it is a poorly managed company, which in reality does not care for the environment and even less so for its shareholders.",
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      "text": "Moreover, BP continues to trade at a very significant discount of 37%, compared to best-in-class integrated oil and gas peers Chevron and ExxonMobil, (BP trades on 7.9x",
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      "text": "1 Source: Bloomberg data as of 29/04/2024, EUR TSR, dividends reinvested",
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      "kind": "title",
      "text": "BLUEBELL CAPITAL PARTNERS",
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