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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BP plc    BP.   GB0007980591

BP PLC

(BP.)
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BP's former downstream boss Erginbilgic joins private equity firm GIP

12/02/2020 | 06:36am EST

LONDON (Reuters) - BP's former head of downstream Tufan Erginbilgic has joined private equity fund Global Infrastructure Partners (GIP) as a partner, it said in a statement.

Erginbilgic, who left BP earlier this year after Bernard Looney was appointed as CEO, will be based in London and help GIP with finding new investments and developing partnerships in the energy world.

Private equity funds are expected to play a key role in acquiring tens of billions worth of oil and gas assets that top energy companies such as BP and Royal Dutch Shell seek to sell in coming years as part of a shift towards renewables.

As head of refining, trading and marketing, known as downstream, at BP from 2014 to 2020, Erginbilgic oversaw the sale and upgrades of refineries and expansion of BP's retail business.

(Reporting by Ron Bousso; Editing by Kirsten Donovan)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BP PLC -2.20% 302.45 Delayed Quote.18.70%
LONDON BRENT OIL -2.91% 54.8 Delayed Quote.8.12%
ROYAL DUTCH SHELL PLC -1.67% 16.79 Real-time Quote.14.89%
WTI -3.09% 52.11 Delayed Quote.9.44%
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Financials (USD)
Sales 2020 191 B - -
Net income 2020 -22 341 M - -
Net Debt 2020 45 266 M - -
P/E ratio 2020 -3,77x
Yield 2020 6,61%
Capitalization 83 048 M 83 090 M -
EV / Sales 2020 0,67x
EV / Sales 2021 0,57x
Nbr of Employees 67 600
Free-Float 93,3%
Chart BP PLC
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BP plc Technical Analysis Chart | BP. | GB0007980591 | MarketScreener
Technical analysis trends BP PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 4,52 $
Last Close Price 4,11 $
Spread / Highest target 61,6%
Spread / Average Target 9,94%
Spread / Lowest Target -38,9%
EPS Revisions
Managers and Directors
NameTitle
Bernard Looney Chief Executive Officer & Director
Helge Lund Chairman
Andy Hopwood COO & Executive VP-Upstream Strategy
Murray Auchincloss Chief Financial Officer
Angela Rosemary Emily Strank Chief Scientist & Head-Downstream Technology
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