A lot of analysts and commentators are giving their input into the upcoming third quarter report from BP (NYSE:BP), but Citigroup (NYSE:C) rightly notes that what's the most important aren't the earnings for the third quarter, but new CEO Bob Dudley's vision of where he wants to take the company.
Citigroup said, the "path to rehabilitation post Macondo and Bob Dudley's new strategic direction are the key to performance rather than Q3 earnings."
In other words, investors shouldn't be looking at BP in any way concerning short-term results, as they're going to be completely unpredictable and unreliable in the current environment BP is operating in.
Like the Halliburton revelation on their cement job, there are still a lot of unknowns that remain to be resolved before any type of normality will return to the company.
What's most important, as Citigroup says, is how Dudley is going to deal with those realities and not only stabilize the company, but how he's going to grow it.
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