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...resolution calling on the company to pay $1.5 billion for environmental and health hazards it allegedly caused in the Niger Delta. But with Shell stock at about $7.30 a share in London , or just over 11 times its estimated earnings this year, and other Big Oil stocks such as BP and Exxon Mobil trading closer to 14 times earnings, that suggests: buy. "We can't help but think there is now limited downside risk," said Merrill Lynch analyst Mark Iannotti, while...
...other options besides grabbing chunks of Yukos. But that may only be the first step, a senior Russian cabinet official tells Time. Next, he says, Rosneft may mount a takeover bid against Slavneft. Russia's seventh-largest oil company is now co-owned by YukosSibneft and TNK-BP, a Russian-British holding company. But with Sibneft slowly unwinding its merger with the embattled Yukos, Sechin-led Rosneft may be in the best position to buy Sibneft's stake in Slavneft. "If Sechin can pull it off, and if he sorts it out with BP," Delyagin says, "it will spell...
...chips and when. In the experiment, a centralized, strategic plan was replaced with a market in which salesmen and a plant manager traded futures contracts representing chips. The result was nearly 100% efficiency in allocating manufacturing capacity. That experiment echoed another, real-life market triumph. In 1998 oil giant BP set out to reduce company-wide greenhouse emissions 10%. Instead of issuing plant-by-plant dictums, the company let plant managers trade permits to produce emissions. Managers who could quickly get their plants into compliance and reduce emissions even further could sell their permits to other plants. BP...
...push for tougher emissions standards, which would hurt coal companies like Massey Energy and coal-burning utilities like Southern and FirstEnergy. "Alternative energy sources [Vesta Wind Systems, Tetra Tech] would benefit," says Greg Valliere, Washington strategist at Schwab. Bush's willingness to expand oil drilling in Alaska might help BP and Nabors Industries...
...path of an oil leader is rarely smooth. In 2002, Browne was forced to cut BP's production forecasts three times in two months. But Browne is tough and prepared to play a long game. In 2001 BP announced that it was looking for his successor. It then noted that the post would not be vacant for seven years. --By John Elkington, chairman of SustainAbility, the social-responsibility group