Bernard Looney - CEO of BP | In Good Company | Norges Bank Investment Management

In this episode, CEO of NBIM, Nicolai Tangen talks to the CEO of BP , Bernard Looney. The two discuss challenges and opportunities in BPs green transition, how they are dealing with expectations from large investors and the importance of diversity, honesty and grit.
The podcast In Good Company is part of Norges Bank Investment Management , a podcast about our investments.
We are transparent about how the fund is invested. In this podcast, you to get a deeper insight into the companies the fund is invested in. Our CEO, Nicolai Tangen, has in-depth interviews with CEOs of some of the largest companies in the world. You will get insight into their leadership principles, the company’ strategy and how they are dealing with a large investor like us. You will also learn more about our role as an owner of the companies.
You can read more about the fund's investments in BP, and more about the episode, here:
www.nbim.no/en/publications/p...
#Oljefondet #InGoodCompany #BP #BernardLooney #NicolaiTangen #NorgesBankInvestmentManagement

[@antoniomorafrias8093]

It was a fantastic episode to see how one of the largest O&G companies in the world is transitioning using the CF from the main activity to growth opportunities and to see what's behind the person and not just the CEO. Massive fan of the podcast from Spain, and as a fan I think it's better this format rather than just audio but I also know it's difficult to bring CEOs to Norway. Thank you for doing this.

[@norgesbankinvestmentmanagement]

Fantastic to hear from a fan, and in Spain too! Wow, thanks a million!
You should check out the one with the Spanish company Iberdrola here: th-cam.com/video/bwDsLSGTtPI/w-d-xo.htmlsi=qscqrgp1Hgg49JaX

[@kingsleysmith7893]

Likewise 5 months after this interview was conducted the financial press is full of articles about EV car sales are at best stalled . The early adopters have all bought one and now getting Mum and Dad to buy one is proving very very difficult. The only other buyers are fleets that get big tax advantages in most Western nations. Take those tax advantages and that’s over too.

[@snailedlt]

EV's are very close to being cheaper than ICE cars even without subsidies, due to the technology becoming much cheaper and more effective over time.
Almost all EV's are also produced in China, which heavily subsidises the car manufacturers, so they are cheaper there than ICE cars. The main reason that they aren't so cheap overseas is because of global tensions causing unfair taxes and tolls of chinese manufactured cars. This leads to less Chinese companies wanting to sell overseas, because it's harder to compete on price there, and because you never know when the EU or the US will ban a car brand over security concerns like they are trying to do with tiktok. Those Chinese companies (like BYD, Polestar, Nio, etc...) that are selling cars overseas, struggle to sell them for a profit due to the exceedingly high and biased import taxes on chinese goods.
In short, EVs will become cheaper, and a big reason they aren't already are due to geopolitics

[@kassimkassim4098]

Loved it.

[@norgesbankinvestmentmanagement]

So pleased to hear, thank you for letting us know! 😊

[@mtdofficial2466]

❤❤

[@kingsleysmith7893]

Given what is happening to ESG funds etc I suspect they’ll quietly and incrementally walk back their commitment to non hydro carbon energy. The pain of destroying so much shareholder value will just be too great.

[@PsychoAMVproduction]

when you are a woman, you are always in good company with Bernard...

[@EF-bc7lt]

As if you would know😂😂😂

[@zacharymetz7643]

If meritocracy is the ruling governing of BP is it just a coincidence that 50/50 leadership occurred, or is it a directive? It would seem that in a meritocracy some disparity would still exist.

[@jegbryrmegikke1]

He seems like he has way too many cliches and maybe be very disengenuine and fake.