Anglo American set to be bought or broken up after rejecting £31bn BHP offer, investors believe via Financial Times
on.ft.com/3WcQEEZ

South Africa could be a thorn in BHP’s side as it makes £31bn Anglo American bid via Financial Times
on.ft.com/44kE1d4

BP company secretary Ben Matthews keeps trying to move the Q&A on from pensions but that is ALL those shareholders who have got into the room want to talk about

BP's main critics at this year's AGM are not climate activists but former BP employees. Don't mess with pensioners

BP AGM high security at BP's Sunbury site meaning for first time in several years no protestors have got inside the meeting
Murray kicked off acknowledging disruption of Looney's exit 'A change of leadership is never straightforward'
Key vote to watch is re-election of chair Lund

BHP proposes £31bn takeover of Anglo American in mining mega-deal via Financial Times on.ft.com/4bb6i88

Artificial intelligence is coming for the commodity traders, with ⁦Malcolm Moore⁩ on.ft.com/3WaC3de

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Nearly Half of China’s Swimming Team Tested Positive for a Banned Drug Before Being Secretly Cleared to Win Gold at The Tokyo Olympics 💉 🏊‍♀️ 🥇

In-depth investigation with ⁦Michael S. Schmidt⁩ into how China was allowed to explain away positives nytimes.com/2024/04/20/wor…

Iran oil exports hit 6-year high as west prepares sanctions via Financial Times on.ft.com/3xIFjCo

SCOOP: Former Shell CEO Ben van Beurden has joined KKR as a senior investor for a new climate investment strategy focused on the energy transition. The part-time position is van Beurden's first corporate role since leaving the energy major in Dec 2022

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The year Trafigura founder Claude Dauphin picked Jeremy Weir as his successor, the company was still paying bribes to Brazilian officials for oil contracts. A decade later the payments have come back to haunt them but Weir says this is all in the past on.ft.com/3VVP6ip

Shell ‘massively undervalued’ in London, says former chief via Financial Times on.ft.com/3TK358k

Ben van Beurden on the need for less 'waffle and bullshit' in the energy transition:
“[Wael Sawan said] it’s an honest approach and I think he is absolutely right. To just waffle and bullshit that this is all happening while it isn’t would not be correct' ft.com/content/b9d3c1…

Bold Bataar is on the rise at Rio ft.com/content/8d1dee… via @ft

SCOOP: Huge profits at Vitol for second year running
To put this into perspective, Vitol employs ~1,600 people and made net profits of $13bn
BP employs ~88,000 people and made net profits of $13.8bn
Is there a bigger winner from last 2 years than Vitol?
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Changing of the guard continues at Trafigura
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Market volatility eased last year and the biggest traders saw earnings drop from record levels but McKinsey still thinks sector-wide commodity trading profits grew to a new record of $104bn driven by power trading and tech-focused entrants in the industry on.ft.com/49ppSfi

A big congrats to the Financial Times's Miles Johnson, winner of Overseas Press Club's top business award for his investigation into #Prigozhin 's biz empire! Also to #Seoul team of Edward White & Kang Buseong, runners-up in mag writing...Financial Times has never been cited in OPC mag category before...