Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

This article first appeared on GuruFocus.

BP (NYSE:BP) is reportedly starting the process to sell stakes in 2 major Gulf of Mexico projects, giving new CEO Meg O'Neill an early chance to reshape the company's capital plans.

Reuters reported that BP has begun exploring stake sales in Kaskida and Tiber, 2 of its most important U.S. Gulf prospects. The size of the stakes is not yet known, but the company has reportedly weighed selling minority interests for more than a year. Each project is estimated to be worth billions of dollars to BP.

Warning! GuruFocus has detected 8 Warning Signs with BP. Is BP fairly valued? Test your thesis with our free DCF calculator.

The assets still matter strategically. Kaskida is expected to start production in 2029, while Tiber is expected to follow in 2030. Each project is designed to produce about 80K barrels per day of oil, helping BP push toward its goal of roughly 1 million barrels of oil equivalent per day from the U.S. upstream business by 2030.

this looks less like BP walking away from the Gulf and more like a funding move. Selling minority stakes could help share development costs while keeping BP involved in major long-term oil projects. The next thing to watch is how much BP sells and who steps in as a partner.

View Comments

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Shell plc SHEL has reportedly taken a significant step in re-establishing its presence in Venezuela by signing five agreements with the Venezuelan government to advance strategic oil and gas projects. The agreements mark a new phase in the relationship between the energy giant and the South American nation, highlighting the company's growing role in Venezuela's efforts to revitalize its energy sector and attract foreign investment.

The latest deals build on preliminary agreements signed earlier in the year and reinforce Shell's position as one of the first major international energy companies to capitalize on the country's renewed investment opportunities.

Loran Gas Field Takes Center Stage

At the heart of the agreements is Shell's participation in the Loran offshore gas field, a massive reservoir estimated to hold approximately 7 trillion cubic feet (Tcf) of natural gas. The field extends across maritime boundaries shared by Venezuela and Trinidad and Tobago, making it one of the region's most strategically important gas developments.

Venezuelan officials described the agreement as a historic milestone, as it advances the first phase of the Loran field's development plan. The project is expected to play a critical role in unlocking Venezuela's vast offshore gas resources and strengthening regional energy cooperation.

Supporting Venezuela's Gas Export Ambitions

The Loran project, alongside the 4.2-Tcf Dragon gas field in which Shell is also involved, is expected to pave the way for Venezuela's entry into offshore gas exports. Initial supplies are expected to be transported to Trinidad and Tobago, where the gas can be processed into liquefied natural gas (LNG) for international markets.

This development could create a new revenue stream for Venezuela while helping monetize the country's substantial untapped gas reserves. For Shell, the projects offer access to significant long-term gas resources in a region with growing export potential.

Broader Energy Cooperation Beyond Gas

The agreements extend beyond offshore gas development. Shell and Venezuela also reached a technical alliance aimed at expanding production from oilfields in Monagas North. Another pact focuses on procuring equipment and parts designed to reduce gas flaring, supporting operational efficiency and environmental performance.

Additionally, increased oil production linked to Shell's activities is expected to improve the availability of diluents used in producing Venezuela's flagship Merey crude blend and supplying domestic refineries.

Story Continues

Broader Industry Implications

The agreements come amid broader geopolitical and economic shifts, including efforts to revitalize Venezuela's energy sector. They are among the first major expansion deals following reforms aimed at attracting international capital.

At the same time, BP p.l.c. BP is also expected to participate in the Loran gas field and the adjacent Cocuina-Manakin offshore gas project under separate agreements signed with the Venezuelan government in April. BP already has exposure to the region through its Manakin-Cocuina exploration and production license, awarded in 2024. However, U.S. approvals were revoked, prompting BP to lobby for reinstatement.

Chevron Corporation's CVX joint ventures with PDVSA are already producing approximately 260,000 barrels per day — about a quarter of Venezuela's total output. In April, CVX also signed an asset swap agreement with PDVSA, expected to support a potential 50% increase in production over the next two years within its existing footprint.The restructuring also positions Chevron to compete more effectively as Venezuela opens its energy sector to increased foreign investment following regulatory reforms.

A Strategic Win for Shell

The latest agreements elevate Shell, currently carrying a Zacks Rank #3 (Hold), to one of the most important partners of Venezuela's state-owned energy company, PDVSA. Having previously scaled back operations and closed offices in the country, Shell is now emerging as a key participant in some of Venezuela's most significant energy projects.

With the Loran and Dragon developments moving forward, the company is positioning itself to benefit from future gas exports while strengthening its presence in a resource-rich region undergoing a gradual energy-sector revival. The agreements underscore Shell's commitment to pursuing attractive growth opportunities and expanding its role in the evolving global energy landscape.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

BP p.l.c. (BP) : Free Stock Analysis Report

Chevron Corporation (CVX) : Free Stock Analysis Report

Shell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

View Comments

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Nachdem der Präsident Donald Trump geplante Angriffe auf den Iran abgesagt hatte, öffneten europäische Aktienindizes höher an. Dies folgt dem Trend in US- und asiatischen Märkten.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

BP p.l.c. (NYSE:BP) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. A caller sought Cramer’s opinion of the stock, and he replied:

If you want to own an oil company, I think it’s fine. I prefer Chevron on the large, and I prefer EQT on the nat-gas side.

Photo by Adam Nowakowski on Unsplash

BP p.l.c. (NYSE:BP) is an energy company that produces, refines, trades, and markets oil and gas. In addition, the company develops low-carbon energy solutions. During the April 6 episode, a caller asked Cramer if it was time to sell their position and take profits in the stock. The Mad Money host responded:

I think it is actually. I think you’ve had a really, really good move. It’s been a parabolic move. I say kaching kaching.

While we acknowledge the potential of BP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years

Disclosure: None. Follow Insider Monkey on Google News.

View Comments

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Supertanker sind wieder im Trend, da der Hormus-Risiko die Ölhandel neu schreibt. Der US-Iran-Krisen hat ein Schiffbauboom ausgelöst, mit dem globalen Auftragbestand für Supertanker steigt auf einen neuen Höchststand an, als Schiffer sich beeilen, um Very Large Crude Carriers (oder VLCCs) für 2029-2030 Lieferung zu sichern. Es gibt derzeit 262 VLCCs im Auftrag in Werften weltweit, überschreitend den vorherigen Rekord von September 2008 (254), mit Bestellungen, die um einen beeindruckenden 99 seit Beginn 2026 sprangen.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Der neue Chef von BP hat die Führung und Organisation der Öl-Riese als Teil der Bemühungen umzuändern, wie sie operieren. Die Überarbeitung wird dazu beitragen, Kosten zu reduzieren und das Portfolio zu vereinfachen. BP wird in zwei Geschäftsbereiche – Auf- und Abstrom – reorganisiert werden, ab dem 1. Juli. Der Aufstrom-Bereich wird Öl- und Gas-Locations umfassen, einschließlich Exploration und Produktionstätigkeiten, während der Abstrom-Betrieb Raffinerien, Terminals und Pipelines umfassen wird.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

SLB N.V. SLB announced that its OneSubsea joint venture has been awarded a contract by BP p.l.c. BP to provide a subsea boosting system for the Thunder Horse project in the deepwater Gulf of America. The engineering, procurement and construction (EPC) award follows recent contracts for BP’s Kaskida and Tiber developments, demonstrating continued demand for OneSubsea’s standardized subsea boosting technology across multiple offshore projects.

The EPC contract includes engineering, procurement, construction, manufacturing, testing and project management services. By deploying a common supplier-led solution across several developments, SLB can improve execution efficiency, reduce delivery time and enhance operational reliability. These benefits are expected to generate higher project margins.

The growing adoption of subsea boosting systems can enhance SLB’s future cash flows as operators increasingly seek solutions that extend field life, improve recovery rates and maximize production from existing offshore assets. The latest contract award strengthens SLB’s subsea backlog, reinforces its business model and bolsters its competitive position in offshore production technologies.

Eni and BP currently carry a Zacks Rank #3 (Hold).

The business models of SLB and other players that provide equipment and services to companies are dependent on the capital spending by the upstream players. The upstream players such as Chevron Corporation CVX and YPF Sociedad Anónima YPF and BP are currently enjoying a favorable pricing environment as the West Texas Intermediate (“WTI”) crude oil prices are trading around the $90-per-barrel mark, according to oilprice.com.

CVX currently carries a Zacks Rank #2 (Buy), while YPF sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

A major integrated energy giant, Chevron maintains a strong presence within the Permian Basin. Supported by excellent upstream performance and ongoing development across its resource base, CVX recorded an international net oil-equivalent output of 1.8 million barrels per day for the first quarter of 2026, up from the prior-year period.

Integrated energy company YPF is using its strong foothold in the Vaca Muerta formation to accelerate production growth. A projected increase in operational activity by YPF in the coming quarters is anticipated to yield higher oil and gas production by the second half of 2026.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Story Continues

BP p.l.c. (BP) : Free Stock Analysis Report

Chevron Corporation (CVX) : Free Stock Analysis Report

SLB Limited (SLB) : Free Stock Analysis Report

YPF Sociedad Anonima (YPF) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

View Comments

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Oxfam wants CEO pay and dividends capped (Andy Buchanan)·Andy Buchanan/AFP/AFP

Europe's 100 largest companies pay out more than two-thirds of profits to shareholders on average, fuelling inequality and diverting cash which could be used for investment, Oxfam said on Tuesday.

The charity urged a cap on CEO pay and dividend payments to tackle the injustice.

"While public finances run dry, companies have more than enough resources to invest in our future and Europe's economic competitiveness, but they prefer to reward shareholders," said Alexandre Poidatz, Oxfam spokesperson on multinational regulation.

A European report by Oxfam shows the 100 largest European companies by turnover paid out an average of 70 percent of their profits to shareholders between 2022 and 2024.

The NGO added that some companies, including Telefonica, BP and the Zurich Insurance Group, paid out more to shareholders than they made in profits.

According to Oxfam's report, nearly half of the companies surveyed paid out 32 times more to their shareholders than they invested in green transition measures.

"When regulatory measures are in place, things work out, and when there aren't, everything goes haywire," Cecile Duflot, Executive Director of Oxfam France, told a press conference.

But Oxfam insists that "inequality is not inevitable: it is a choice. Europe's largest companies must stop choosing a model that benefits only a minority and start acting in the interests of the many".

Poidatz said that a better distribution of profits would produce a more "virtuous" long-term model which would, in his view, also prove "much more competitive in the medium term".

He added that "regulation is not a barrier to competitiveness. On the contrary, it is the framework for a desirable future. Ambitious nations cannot wait for Brussels to set things right".

Oxfam is recommending that European lawmakers and business leaders cap CEO pay at a maximum of 20 times the median employee's salary while limiting dividends paid to shareholders until "decent" wages can be guaranteed alongside an "ambitious climate strategy".

The NGO is also calling for the introduction of quotas to ensure women's representation in senior management roles.

jul/abb/cw/sbk

View Comments

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

A version of this article originally appeared in Quartz’s Leadership newsletter. Sign up here to get the latest leadership news and insights straight to your inbox.

Sunil Mathur of Siemens, Carol Tomé of UPS, and Murray Auchincloss of BP each made the leap from CFO to CEO. They aren't outliers. Wharton data shows that 8.4% of current Fortune 500 and S&P 500 CEOs were promoted from the CFO position, up from 5.8% a decade ago. The trend line is moving in one direction. But the majority of CFOs still don't make that jump. The obstacle isn't ambition. It's the skills that got them there.

The role now demands more than finance. Between 2016 and 2021, the number of CFOs responsible for their organization's digital activities more than tripled, according to McKinsey. Investor relations followed the same trajectory. In 2016, 44% of CFOs said they managed it. By 2021, nearly 66% did. Neither digital oversight nor investor relations is a financial reporting task. Both require the kind of judgment that accounting training doesn't build, and both put CFOs in front of audiences who evaluate them as enterprise leaders, not financial technicians.

"CEOs are looking for a co-pilot who can synthesize the numbers and craft a comprehensive strategy that integrates customer needs, internal capabilities, and competitive positioning," Wharton finance professor David Wessels, who leads the CFO program at Wharton Executive Education, said. "They are looking to their CFOs to do so much more than collect and report the accounting numbers."

For many finance leaders, delivering on that mandate requires a fundamental shift in how they think.

Why accounting skills have a ceiling

Most CFOs have backgrounds in accounting, which shapes them as linear thinkers who excel at solving well-structured problems. But the challenges organizations face today — market disruption, organizational culture shifts, complex M&A integrations — are rarely well-structured. The data available to address them is often incomplete or contradictory. The demand for certainty is a hallmark of financial integrity, and it clashes with the CEO's imperative to make bold decisions under conditions of irreducible uncertainty. The precision that makes a great CFO can make a poor strategic navigator.

Deloitte's 2026 CFO readiness study found that leaders whose calendars are packed with work only they can do may be signaling the opposite of readiness. The CFO role requires the ability to delegate, build a strong leadership bench, and scale decision-making by having others handle most day-to-day functional responsibilities. Motorola Solutions CFO Jason Winkler put it directly: "Finance is not a spectator sport. I've always attacked finance with an operations mindset: fix problems, not report on problems." Gaining wider exposure across the organization is how finance leaders build the credibility the CEO role demands. That means rotating through financial planning and analysis, treasury, M&A, and investor relations, and owning operating outcomes alongside commercial and supply chain teams.

Story Continues

The CFO's core value increasingly lies in the ability to contextualize and communicate that breadth of experience as data. Financial storytelling is shifting from a soft skill to a primary function. It means translating complex models into a clear, compelling narrative that influences the C-suite, the board, and investors. "If you're perceived as a bookkeeper, that's how you will be treated," Wessels said. "Your access to the board means you need to be a strategic thinker with a good read of the room."

What AI now requires from CFO candidates

The scope of the CFO role also includes technology strategy. Workday research describes the modern finance leader as increasingly responsible for AI oversight, data governance, and the integrity of machine-generated financial insights. Deloitte's Finance Trends 2026 survey found that 57% of finance leaders now say they're among the top influencers of strategy at their organizations.

AI is where that claim gets tested. Aspiring CFOs who want to be taken seriously as CEO candidates need to do more than pilot a tool. They need to translate AI into enterprise value: funding the right bets, scaling adoption through process redesign, and putting governance in place so the organization trusts decisions the technology supports.

The CFO who makes it to the top job isn't the one who mastered finance most completely. It's the one who spent years building the enterprise credibility, communication range, and strategic instincts that the numbers alone could never provide.

View Comments

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

London headquarters will open this summer and grow to approximately 200 employees by year-end as EMEA becomes Cursor's fastest-growing region

LONDON, June 09, 2026--(BUSINESS WIRE)--Cursor, the leading multi-model AI coding platform, today announced the establishment of dedicated teams to serve the EMEA region. The expansion responds to regional momentum, with EMEA revenue tripling quarter over quarter this year.

The Cursor EMEA team will support a rapidly expanding customer base that includes British Airways, BP, Deliveroo, Nokia, Sanofi and many other leading enterprises across the region. Cursor expects to grow its EMEA headcount to approximately 200 employees by the end of the year, hiring across go-to-market, engineering, customer success and operations.

"We’re incredibly excited to officially launch Cursor across EMEA and deepen our commitment to customers and partners throughout Europe. As the leading AI coding company, our goal is simple: be closer to the teams building the future and help enterprises accelerate their most strategic AI and software development initiatives," said Ismail Elmas, SVP of EMEA for Cursor. "This launch covers all major European markets and reflects the growing demand we’re seeing from organizations ready to put AI at the center of how they build."

As Cursor expands across EMEA, it is investing in regional specific capabilities to support the compliance needs of local enterprises. This is especially critical for organizations in highly regulated industries, where data locality, privacy, and regulatory compliance are essential to deploying AI tooling at scale.

"As a global leader in connectivity for the AI era, Nokia is building the datacenter, transport, mobile and fixed networks that connect billions of people worldwide," said Pallavi Mahajan, Chief Technology and AI Officer, Nokia. "Empowering more than 20,000 engineers on Cursor was not just a productivity decision; it was a strategic decision about the kind of engineering organization we want to be. Our teams are directing AI agents across some of the world’s most complex codebases, helping Nokia move faster and operate more efficiently."

Cursor's growth reflects a broader shift in how engineering organizations adopt AI tooling. Enterprises across financial services, life sciences, energy, professional services, and consumer technology are turning to Cursor to boost developer productivity, reduce time-to-ship, and modernize their software development workflows.

"Adopting AI coding tools touches workflows, governance, and how teams actually deliver," said Cameron Cronin, Global CTO, Salesforce Business Group, Accenture. "Our work with Cursor lets us bring that adoption to clients with the implementation and advisory support needed to make it stick, so enterprises can accelerate development without compromising on quality or control."

Story Continues

Beyond the platform itself, Cursor is building the local teams and partner ecosystem that make adoption successful — people who understand regional markets and partners ready to support enterprises on the ground. It's a long-term commitment to the organizations shaping the future of software in Europe.

About Cursor

Cursor is an AI coding platform helping developers and engineering teams build software with AI. Cursor’s product is designed for complex codebases, supports frontier models from leading providers, and gives teams tools to configure model access, MCP controls, and system-level agent rules. Cursor has over 50,000 businesses on its platform, including 67 percent of the Fortune 500. Over 150M lines of enterprise code are written per day with Cursor. Learn more at cursor.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260608969973/en/

Contacts

Media contact press@cursor.com

View Comments