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In Good Company with Nicolai Tangen

Bernard Looney CEO of BP

In Good Company with Nicolai Tangen

Norges Bank Investment Management

Norges Bank, Nicolai Tangen, Business, In Good Company

4.7236 Ratings

🗓️ 22 March 2022

⏱️ 43 minutes

🧾️ Download transcript

Summary

In this episode, Nicolai Tangen talks to Bernard Looney CEO of BP. They discuss challenges and opportunities in BP’s green transition, how they are dealing with expectations from large investors, and the importance of grit.


This episode was recorded before the war between Russia and Ukraine.


The production team on this episode were PLAN-B’s Tor-Erik Humlen and Olav Haraldsen Roen. Background research were done by Sigurd Brekke and Bård Ove Molberg with additional input from our portfolio manager Ståle Lægreid.


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Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

BP is one of the largest energy companies in the world.

0:24.3

It is now transitioning from being an oil company.

0:26.8

So just to explain, IOC, it's going from an international oil company

0:30.1

to becoming an integrated energy company.

0:33.0

That's a huge and complex task.

0:36.0

Bernard Looney has been with BP his whole life, and he's been the CEO for the last two years.

0:42.3

Once, a farmer boy from Ireland, he's now considered a rock star in the energy industry.

0:48.6

Bernard, what a pleasure to have you here.

0:50.6

Nicola, thank you.

0:51.3

Thank you for having me on.

0:52.6

And not only that, you have come all the way to Oslo.

0:55.0

I have indeed. I love Norway, actually. I have some close friends.

1:00.0

Otto Berg, who's a close friend of mine, is from Oslo.

1:04.0

My best friend growing up married in Norwegian, and they're married in Stavanger.

1:09.0

I've been to Prekecholin.

1:12.1

And one of my favorite restaurants in the world

1:16.0

is Tango in Stavanger down on the harbor.

1:19.1

Sounds good.

1:19.7

But why was it important for you to come in person?

1:21.9

What is his personal relationship mean to you?

1:25.0

Is it just being Irish?

1:26.3

We've all been holed up for two years and we updated,

...

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