Jonathan Wright
Jonathan Wright
couple figures following last relatively relief welcome
A solid, and relatively clean, set of figures from BP in the first quarter, a welcome relief following the last couple of non-operational-ridden quarters.
bounce due growth hurricane main
BP's growth was the main disappointment in 2005 due to hurricane disruptions. Growth should bounce back in 2006.
asset both consider continuous expect exposure feature oil shell
We expect these disruptions to be a continuous feature of 2006 oil markets. Shell is the most leveraged and may need to consider asset swaps to dilute its exposure -- both financially and politically.