Why We Need Integrated Energy Companies - With Ann Davies, bp Senior Vice President, Wells

Our guest today earned her master’s degree in physics, captained her rugby team at Oxford, and then a few years later was posted as bp’s engineering manager to Baku, Azerbaijan. She then spent time as Country Head in neighbouring Georgia and COO of Lightsource bp, and is now bp’s Senior Vice President, Wells. In this conversation, Ann explains bp’s mission to become an integrated energy company, built on three strategic pillars: resilient hydrocarbons, convenience and mobility and low carbon energy. She talks of the need for a reliable and balanced energy system, priced appropriately and invested pragmatically as the world transitions towards a lower carbon future. Also discussed is how energy supplies are evolving amidst global conflicts, the role of financing in the energy transition, and how AI is impacting energy demand. TOPICS: 00:00 - Intro 00:32 - Background & Early Career 03:06 - Recap of bp History 03:48 - Shareholder Geographic Split 04:01 - Roles in Baku & Georgia 06:02 - Resolving the Energy System Debate 08:40 - Explaining Resilient Hydrocarbons 10:23 - Wells & Rigs 14:48 - The Financing System 16:38 - Natural Gas Price Discrepancies 17:57 - Energy Transition Priorities 20:13 - Solar Energy & Lightsource bp 23:08 - AI, Tech & Future Predictions 28:57 - The Market’s Understanding of bp 30:59 - Investing in bp 33:07 - Attracting Talent 36:28 - Closing Questions 38:42 - Outro SPONSORS: Schroders is a global investment and wealth manager, with a purpose to provide excellent investment performance to clients, through active investment management. Find out more: https://www.schroders.com/en/global/i... Bremont is an award winning British company that produces beautifully engineered chronometers, designed to appeal to those who share the passion and appreciation of the innovation and mastery behind a beautiful mechanical wristwatch. Find out more: https://www.bremont.com/ IFM Investors are a global institutional asset manager whose purpose is to invest, protect and grow the long term retirement savings of working people. They manage investments across infrastructure, debt, listed equities and private equity assets. Find out more: https://ifminvestors.com/en-gb/ STAY UP TO DATE ✅ Newsletter: https://www.moneymazepodcast.com/subs... ✅ LinkedIn:   / the-money-maze-podcast   ✅ X/Twitter:   / podcast_maze   LISTEN: 🎧 Apple Podcasts: https://podcasts.apple.com/gb/podcast... 🎧 Spotify: https://open.spotify.com/show/0uT0iw8... DISCLAIMER All content on the Money Maze Podcast is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. Guests and presenters may have positions in any of the investments discussed. The Money Maze Podcast is funded by third party advertising. Money Maze Curated Podcasts do not contain third party advertising, and are instead funded by the featured interviewee and/or their business.