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BP Plc posted its second-highest quarterly profit on record and announced a further $2.5 billion of share buybacks, capping a stellar period for Big Oil after Russias invasion of Ukraine pushed up energy prices. (Source: Bloomberg) When Bernard Looney took over as chief executive officer of BP Plc in 2020, he promised to quickly decarbonize the British oil major, cutting oil and gas production by 40 percent by 2030 and channeling billions of dollars into wind and solar projects. It was a stronger version of the “Beyond Petroleum” slogan BP once used. On Tuesday, Looney altered course. The company put out some fine words about its commitment to green energy and several billion dollars in investment to back it. But in tandem, it promised shareholders it would invest heavily into oil and gas projects. Instead of a 40 percent output cut, oil and gas production would fall by 25 percent by the end of the decade. Don’t say it out loud — because Looney took pains to emphasise that … [Read more...] about Don’t say it out loud, but BP is back into petroleum

Share to Twitter Share to Linkedin Boyan Ivanov is the cofounder and Chief Executive Officer at StorPool‬ since November 2011. An economic downturn can be a difficult time for any company. During a downturn, consumers tend to spend less money, resulting in downward pressure on prices, sales cycles getting longer and fiercer competition. All these developments can lead to a decrease in revenue and profitability as well as a higher risk of going out of business for many companies. However, with the right strategies in place, a company cannot only survive but flourish during such a period. Here are 10 tips that can help a company stay afloat and come out stronger on the other side. 1. Optimize your operations and P&L. One of the first things a company should do during an economic downturn is to take a hard look at its income statement and consider optimizing its operations. This can include reducing some expenses or freezing business lines … [Read more...] about Navigating Economic Turbulence: 10 Strategies For Business Success In A Downturn

Share to Twitter Share to Linkedin Andrew Scivally, CEO, ELB Learning - helping organizations create better learning experiences for their employees and customers. Acquisitions can be a powerful way for a company to grow. In fact, all kinds of acquisition records were broken in 2021. And there is a good reason for that. Purchasing another business gives you new resources, opportunities and ideas. You can work with a new team of talented experts to expand to a whole new client base, refresh your brand and show forward momentum. Clearly, there are many reasons to pursue acquisitions, particularly when you find a company that compliments your own company’s strengths. Unfortunately, even with all of the benefits of acquiring a business, the Harvard Business Review reported that between 70% and 90% (registration required) of acquisitions were failures in 2011. There are a variety of complicated reasons for this fact, but I think many of the … [Read more...] about Four Key Indicators To Look For When Acquiring Companies

Share to Twitter Share to Linkedin Overcoming obstinate trauma cycles, often formed early in life, is possible through unconventional means with psychedelics like psilocybin. But psilocybin mushroom microdoses won’t magically solve a mental health issue when taken by a person who isn’t informed on how to heal. Furthermore, experiences from a microdose and a trip are lightyears apart, thus highlighting the need for a trained mentor when navigating psilocybin-assisted healing. Sisters Megan and Nicole Michelena are Microdose Institute-certified mental health experts specializing in psychedelic medicine. They are the founders of Denver, Colorado-based Zenchronicity , a microdose mentorship program that supports trauma healing with the help of psilocybin. Using 12 strains of psilocybin, with 12-week programs focusing on either group or one-on-one sessions, the Michelena sisters might be onto something. Zenchronicity zeroes in on healing trauma … [Read more...] about Microdosing Mentors: Zenchronicity Helps Guide Psilocybin Therapy

Share to Twitter Share to Linkedin Microsoft and Adobe are teaming up to build Adobe Acrobat into the Edge web browser. The Adobe Acrobat PDF engine will replace Edge’s current PDF reader over the course of the next two years. This will, according to Adobe, result in improved performance, higher fidelity documents and stronger security options. It will also provide a boost for accessibility, with improved read-aloud narration and text selection. The basic Acrobat capabilities will be free of charge, although users will be prompted to subscribe to the full version of Acrobat if they want more advanced features, such as the ability to edit text and images, convert PDFs into Word documents or combine multiple PDF documents into one file. Acrobat Standard currently costs $12.99 per month, although Acrobat Pro is part of the wider (and much more expensive) Creative Cloud package. Existing Acrobat subscribers will get access to the full range of … [Read more...] about Edge Browser Gets PDF Boost With Adobe Acrobat Built In