Oil Companies - BP and Treaty Comparisons.
As a BP shareholder, I have just finished listening to a webcast of BP's 1Q 2013 results. Which made me think whether there were any valid comparisons between BP and Treaty - both oil companies - that would inform shareholders.
Comparisons between BP and Treaty may seem meaningless - but in one aspect (see the final point) they are not.
as...
- BP is a multi-billion dollar profitable oil and gas company and Treaty is not
- BP's share price is rising and Treaty's is not
- BP has had positive cashflow since a couple of years after start-up and Treaty has not
but...
- BP, with its global operations, has already filed its 1Q 2014 results but Treaty hasn't filed their end 2013 results yet
- BP has a board of directors but Treaty doesn't
- BP paid its CEO (Bob Dudley) a total remuneration $2.6 million in 2012 and Treaty paid its CEO (Andrew Reid) a total remuneration $2.6 million in 2012 too.
Who's getting value for money from their CEO?
Cheers
Belize Oilwatch
Belize City, Belize CA
Just facts from Belize
[Notes:
Bob Dudley's total remuneration for 2012 is as reported in BP Strategic Report 2013
Andrew Reid's total remuneration for 2012 is as reported in SEC 10-K filing for December 2012 including Salary of $240,000 and payments of $2,312,124 in shares in recognition of helping relieve debt and fund raising (not including the debt repayments to him or his associate companies)]
