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University of Houston Commodity Competition
Hi all! This coming September (8th-Mixer, 9th-Competition), Bauer Capital Group - the University of Houston's Undergraduate fund, is hosting the "Undergraduate Commodity Competition" (UCC). This is an Energy/Commodities focused competition that focuses on allowing students to demonstrate their...
Houston Spring 2023 Meet
Moving thread over from offtopic to trading chat. Calling all Houston monkeys Do any of you all have interest in getting together over drinks in the future? Perfect weather to meet and greet out at a patio bar. Happy to organize something. Would be great to form some new connections in town and have...
Houston Spring 2023 Meet
Calling all Houston monkeys Do any of you all have interest in getting together over drinks in the future? Perfect weather to meet and greet out at a patio bar. Happy to organize something. Would be great to form some new connections in town and have an excuse to knock back beers. I'm a gasoline...
BP GDP Trader Comp Progression
Curious if anyone has numbers on BP GDP progression after the 3 year training program? I've heard some people make even up to 7 fig bonuses, but not sure if those are just outliers. Like 1, 2, 5, 10 years out of the training program, what can I expect? Total comp upwards of ~300K?
Physical Commodities Trading 2022 Graduate Program Megathread
With the increased interest in the physical commodities trading industry, it'd be useful to have a mega thread on all the programs and applications.. Last updated : 19-Sep-21 Glencore - Commercial Graduate Program - Open, deadline 31-Oct Trafigura - Global Graduate Program - Open, deadline 03-Oct...
Chinese Oil Trading Arms
Does anyone know what the trading arms of Chinese oil companies (CNPC, CNOOC, Shaanxi Yanchang, Sinochem, ect.) are like compared to the majors or trading houses. Curious since the last chapter of The World For Sale mentioned that they take on more risk and trade with US sanctioned countries.
BP Sophomore Experience Program 2021
Hello All, Has anybody else applied to this? Just received the HireVue today. For those that have interviewed for this in the past how many rounds are there?
BP TDP Graduate London Progression
Hi guys - I recently received an offer for BP's graduate program in Trading and Shipping in London, which is structured as 3 years' rotational (1 year each in Analytics, Risk, Ops), with a view to become a trader afterwards. Can anyone provide insight into comp progression during these years & as...
BP TDP no FT positions?
Hi, Just wanted to ask if anyone at BP or knows anyone at BP has an answer. On the website, BP states that all 2021 positions have been filled for the graduate development program. However, last year the FT job posting had just opened up around this time. So, is BP not hiring for FT TDP or is the...
Trading internship interview at major oil company, soliciting advice
Have solid behavioral answers (why energy, about myself, greatest strength/weakness, etc) -- but have never had a technical interview before and my research indicates there will be questions such as "how to set up an arbitrage trade" and a full case study about how you'd move crude if refinery xyz...
Interview for Supply and Trading Internship with BP
Have an interview in Chicago for BPs Supply and Trading internship -- would appreciate some help knowing what technical questions could be thrown my way. Have solid behavioral answers (why energy, why BP, about myself, greatest strength/weakness, etc) -- but have never had a technical interview...
Advice: BP IST Finance & Risk Summer Internship
I applied for BP's IST Trading Internship Program but ended up being offered an internship within BP's IST Finance & Risk division instead. Since my career goal is to become a Commodity Trader, I am just trying to figure out if this opportunity would take me in the right direction or not. Finance &...
BP's Graduate Development Program Analyst (Trading)
Anyone on here apply for their latest intake? The application deadline was last week. Hoping to get an information thread started.
BP Supply and Trading Internship Final Round Questions
Anyone able to offer some guidance on the technical interview questions for the BP trading internship?
Working in the Dirty (Oil and Gas) Energy Industry - A Comprehensive Career Guide by Insiders
Part 1 - Getting the Job Work in Progress Table of Contents: Part 1: Getting the Job Part 2: Progressing in the Job Part 3: Are we there yet? - Advancements and Pivoting within the Industry Part 4: What's that Smell?... I smell Money. - Pivoting and changing Industries So, you've decided to work for...
Just learned I have a 1st round for a BP trading internship. It's tomorrow afternoon. What should I expect?
I have the WSO Technical & Behavioral Guides (albeit older copies). How would this interview differ from any other S&T 1st rounds? Is it any different because it' s for energy trading as opposed to general financial S&T? As a finance major as opposed to energy, business, and finance major (which is...
Best Graduate Trading Schemes
Hi everyone, Just a quick background on me: I am currently entering my third year at University College London. I have worked at Glencore for two summers, and more recently a private commodities trading firm. I am very interested in the commodities industry, and would like to apply to trading...
Oil Major Trading Programs - Long Term Prospects
I have an offer with an oil major with a respectable operation (Chevron, P66, BP or Shell). Seems like a really great program to become a trader, I think if I dedicate myself to it I will come out prepared to do well and trade some type of oil in a profitable manner. My main concern is my ability to...
BP Sophomore Experience 2015
Anyone interviewing for or has done BP's Sophomore Experience?
BP Rotational Program?
Anyone know anything about this? Rigor of program, exit opts, recognition in marketplace, pay, quality of employees, work-life balance, living locations, senior exposure? More importantly, how "accelerated" is this program?
BP: When is Enough, Enough?
I think I might be the only person around who didn't realize that hostess was on the verge of liquidation until I saw the story this morning that they were being liquidated. Although I don't particularly like Twinkies, it made me extraordinarily sad to see it go. Besides, without Twinkies Zombie...
BP (and the oil majors) trading
Hello all, I have heard it said that oil majors (particularly BP) turn out impressive physical oil traders. Does anyone know what it is that a place like BP teaches its junior guys that other places don't or can't teach as well?
Largest M&A deal in three years: Rosneft buys TNK-BP for $56 Bn
Russian State Oil giant Rosneft will buy Alfa Group, Access Industries and Renova’s stake in TNK-BP for $28 billion. TNK-BP was formed through the merger of BP’s Russian oil and gas assets with those of Alfa Group, Access Industries and Renova. Those three Russian companies came together in 2003...
BP
BP plc is a British multinational oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by 2011 revenues and is one of the six oil and gas "supermajors".
Oil & Gas
Hey guys, I have an offer to intern at an oil major in a Supply Chain role (Exxon, BP, ConocoPhillips, Chevron, Shell). The pay is around 40 an hour when you consider housing stipend, relocation stipend, and my monthly salary. I'm expecting to put in 50-60 hours a week. For full time, I will have a...
Something's Fishy in Tripoli
Way back in early 2011, members of the U.N. Security Council had no problem getting a resolution through that authorized military force in Libya ostensibly to protect civilians from attacks by forces loyal to strongman Moammar Gadhafi. The year before, lawmakers on both sides of the Atlantic were...
Meeting NA Head of Major O&G Company
*Head of early development recruitment and we are going to speak about the development program of the company. I'm meeting with her in a few months and aside from really learning the company's website, what the company has been doing lately (I have access to plenty of research), and brushing up O&G...
The Spill
Just when you thought it was safe to go back in the water. Here is a really excellent exposé on BP's numerous disasters and the epic amount of corporate assclownery surrounding the worst environmental catastrophe in American history. For those who think this problem has gone away, read this . I...
Commodities Trading - Differences between firms?
Anyone know the differences between trading at an oil/energy firm like BP, on a commodities desk at an IB , and at a huge diversified producer/marketer like Glencore/Trafigura, if any? If you had the choice, what would you go for? Thanks in advance.
Brad Pitt: Death Penalty for BP Execs?
Brad Pitt is taking corporate accountability to a whole new level. While filming a portion of Spike Lee's new documentary, Brad Pitt is quoted as saying that he'd be willing to revisit his opposition to the death penalty if it could be applied to those responsible for the BP oil spill. Ouch. I'm...
Buy or Sell: BP
In a few short months, BP stock has lost over half its value and rumors of everything from takeovers and bankruptcy to lynch mobs roaming the countryside seeking the scalp of Tony Heyward, are running rampant. The next corporate entity in a growing line of scapegoats for the incompetent Obama...
'BP May Lose U.S. Oil Leases'
'BP May Lose U.S. Oil Leases' http://www.bloomberg.com/apps/news?pid=20601087&s… Excessive vindication or necessary punishment? For those of you who managed to take short positions on BP, looks like payday #2 is within reach. Stocks down almost 8% today with no sign of a reversal. Buy Exon/...
Funny Spoof - BP Spills Coffee
I had a pretty good laugh...
Those Poor Gulf Coast Walruses (Walri?)
Ladies and Gentlemen, we can all reast at ease, BP has everything under control, they've been prepared for this scenario for years. That's right, no one should be concerned, BP has a very thorough Response Plan in the event of a Gulf Coast oil spill like this one: The Gulf Coast Walrus, listed as a...
BP Nightmare Gets Worse by the Day
The BP Deepwater Horizon situation gets worse every day. I swear, this mess is going to turn me into a tree-hugger yet. This thing is really getting out of hand, and is going to have a massive impact on the oil business going forward. Reinsurance companies have been devastated by the disaster...
Possible Naval War in the Caspian Over Energy Resources?
In the past three decades the Islamic Republic of Iran has developed a well-earned sense of paranoia. First, in September 1980 Saddam Hussein invaded Iran in what he thought would be a quick military victory, but which quickly turned into an eight-year bloody slugfest, leaving an estimated...
BP Loses 15% in One Day, 41% from 2010 Peak After Devastating Underwater Oil Spill
Since the BP oil spill, oil drillers and energy stocks have taken a pummeling. Today, BP fell nearly 15%, extending peak to trough losses from Jan. 2010 to 41%. Oil prices also fell today in reaction to weaker manufacturing numbers from China, as a result of government tightening measures. According...
BP IST Program
Hey guys I was wondering if anyone had some insight into the BP IST program. I am thinking about trying to get an internship for next summer in Warrenville (Chicago). Any idea how hard it is to get a full-time/internship position? Also was wondering if anyone knew BP's compensation structure for...
BP Trader Development Program?
Has anyone here worked in BP IST or in the TDP? I have an offer and a couple questions. PM would be appreciated.
BP traders
I know that it takes 3 years to become a trader for BP and that the P&L you take when you are a trader is less than the percentage you get from IB's but does anyone know how the base and bonus works those first 3 years when you aren't actually trading ? Thanks
Is Matt Simmons Credible?
I am going to address a touchy subject in this essay, but I simply can’t ignore it any longer. I have noticed that a lot of people are finding my blog through keyword searches of “Debunking Matt Simmons.” About two and a half years ago, I did write an essay called Debunking Matt Simmons....
New BP CEO
http://www.nytimes.com/2010/07/27/business/27dudl… BP appoints an American as CEO. I'm not surprised by this (I doubt any of you are either). Think its possible their was some pressure on part of the Federal government in this one, or do you think it was BP independently looking to shape up its...
A Word from BP: No, Silly, That's What It's SUPPOSED to Look Like
Now I think we can all admit that, hey, accidents happen. A guy can easily forget to shut the refrigerator door for a night, or maybe slip off a tricky wet ladder! So, sure ... it's no stretch to think that a couple of good ole boys might forget some cement on important pipes under an offshore oil...
Unsure of best career direction - UK engineering student (semi-target)
I am currently studying engineering at a UK semi-target (nottingham) which usually gets 2 or 3 grads into a given FO intake in a good year. Unlike most I am studying engineering, but also have a distinct interest in finance, particularly financial free markets. I will also openly admit, that I place...
A Bankrupt BP - Worse For The Financial World Than Lehman Brothers?
The BP crisis in the Gulf of Mexico has rightfully been analysed (mostly) from the ecological perspective. People’s lives and livelihoods are in grave danger. But that focus has equally masked something very serious from a financial perspective, in my opinion, that could lead to an acceleration of...
Obama Administration Knew About Deepwater Horizon 35,000 Feet Well Bore
President Obama and Secretary of Interior Ken Salazar, Secretary of Energy Steven Chu, and Defense Secretary Robert Gates were informed that BP would drill an unprecedented 35,000 feet well bore at the Macondo site off the coast of Louisiana. In September 2009, the Deepwater Horizon successfully...
Should People Be Arrested At BP?
With such a delay and false reports when will they start making arrests at BP? do you think they should start making arrests? I think they should, it would probably accelerate this process much more quicker. I find it laughable that they even have time to make television ads.
BP’s Continued Existence Seen Coming Under Threat as Gulf Oil Spill Continues
The continued failure of BP’s efforts to stop the Gulf oil spill and mounting political pressure are putting the very future of the British-based oil giant in question. BP shares plunged again on Tuesday, wiping $17 billion off the market capitalization of the company. Premiums on credit default...
Who is/has been short [BP]?
I have been for awhile what about you guys?
White House Covers Up Menacing Oil "Blob"
In an exclusive for Oilprice.com, the Wayne Madsen Report (WMR) has learned from Federal Emergency Management Agency (FEMA) and U.S. Army Corps of Engineers sources that U.S. Navy submarines deployed to the Gulf of Mexico and Atlantic Ocean off the Florida coast have detected what amounts to a...
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