An Empire of Woe: BP PLC (BP)
Image: Courtesy of Julius Silver via Pexels
in Our Latest PodCast: U.S. natural gas exports consolidate the Energy sector
The year 2025 will likely be the ninth in a row that U.S. sets a record for natural gas exports.
The latest numbers from the U.S. Energy Information Administration indicate 2025 will set another record.
What’s the upside?
The U.S. flooding of the natural gas market is pressuring not-quite-ginormous energy companies like Valero Energy, Marathon Petroleum, and particularly BP.
The Pipeline Effect: The surge in domestic natural gas is roiling markets.
Texas just set a record for LNG-fired energy earlier this year.
Even petroleum-hostile states, like New York, are approving once-inconceivable gas pipelines.
Energy Utility Entergy (ETR) is set to sell $2.7 billion in equities to exploit the demand for energy.
Texas set a record for natural gas fired energy this past winter.
The BBC of oil companies. Similar to Britain’s fading national broadcasting services, BP faces major challenges.
Book value and return on assets run at at a fraction of its peers.
Activists like Elliott Investment Management have taken major bets against the company.
BP’s bad news is the subject of viral web videos.
BP is now the worst kind of YouTube star.
Stuck in the pipeline.
Given the White House’s commitment to restructuring the energy markets, not just BP’s future will be in question.
The entire energy sector will face the challenge of a new source of energy pouring through the supply chain.