Lots of VP's with very long titles?
Shareholder Revolt
Any one know how shareholders can sue Looney and his Board for ruining and company and destroying the stock price?
BP Still Backs Anti-Climate Groups in US
https://www.google.com/amp/s/m.huffpost.com/us/entry/us_5f6e3120c5b64deddeed6762/amp Is anyone surprised??? BP is laying off thousands on the premise of going green, and yet behind the scenes they are still up to their old tricks. It’s disgusting... — read more
BP stock hits lowest in 25 years
https://www.worldoil.com/news/2020/9/24/bp-stock-hits-25-year-low-a-week-after-its-new-climate-strategy-debuts See above. anyone have any idea if the board would revolt against looney's green plan? Dudley spoke to investors about lowering the... — read more
I hope I'm on the list
Workload is not slowing down and if anything is growing. Even if you survive the reorganization it will be absolutely brutal to keep up the pace of work that will be expected with fewer folks around. Work is NOT being removed it is being added... — read more
bp and Nikola?
So it looks like bp dodged a bullet by learning about some “inconsistencies” at the electric car company Nikola before we signed a deal with them. This is the type of thing that worries me about the judgement of our new leadership.
Restructuring (on the Horizon /sic/)
My guess is that they'll have to announce some kind of structure by end of September. Then they'll have to notify those they'll let go. I thought this was the "60" day period before the employee has to leave. I know they absolutely want... — read more
News regarding BP Digital Factory
What is going to happen with BP Digital Factory with all this cut and going greener?
OMG Rip the band-aid off already!!
Is everyone else eager for the other shoe to drop?
No future here
I'm pretty sure I'm preaching to the choir here, but I'll go ahead and say it anyhow - there is no future at BP for anybody who doesn't know or is related to the right person or who isn't an expert but-kisser. Nothing else seems to matter here... — read more
What will happen over next two months?
Predictions?
Worst Ever
Right now we are sporting our worst ever debt to equity ratio!! Worst ever!! Dividend had to be cut by two/thirds. Stupidly spent $10.1 Billion on BHP’s North America assets. We just had to become the backing finance for Hilcorp to... — read more
It’s BP Week!!!
Aren’t you excited that it’s BP Week, whatever that means? You can watch webcasts of your bosses talk about how they are saving the world by firing people. Yay!
Looney bin spoke in Anchorage
I listened live in person as Looney told the audience of employees that people are BP’s greatest asset. In times like this you find out how important people are to BP - squat . Yeah, which people, Joker ?
BPX Promotions
Kyle koontz got promoted to coo of development. Who is the new Permian SVP? is douglas johnson now president of bpx energy?
Stock Still Stinks Despite $1.1B Investment in Offshore Wind!! Anyone Surprised??
So here we go! Wonder where the $1.1B is coming from? Oil and gas assets being sold off so what exactly forms the value of this company? Deciphering the financial reports of this company is like playing with a house made of cards. What a... — read more
ELT should get performance ranking
Unless they are getting it without my knowledge, ELT should get performance reviews every quarter which should be implemented by their own employees. Within half a year we would have an entire new leadership team because those in charge now are so... — read more
Stuck with bp
I really would love to walk away from bp right now, but I want to be employed (paid) while I look for another job. The severance compensation from the EOI just isn’t sweet enough for me to take. Am I the only one? I just wish other companies were... — read more
Will working here ever be any less stressful?
Seems like things just keep getting worse and worse with no indication of any improvements any time soon. I'm really not sure how much more of this I can take. If the economy was any better, I'd be on my way out this second. But with things the way... — read more
Naperville Site sold to INEOS with the Petrochemical sale
On Thursday we we're sent an email that the Naperville site has been sold to INEOS with the Petrochemical sale. "As part of its agreement to purchase bp’s global petrochemicals business, INEOS will also buy the full Naperville campus, including... — read more
Invest in BP or not?
Is it worth investing in BP or not? The share price is Pretty low again, I missed the boat in March. Just not sure whether to or not. Yours, noob investor
How much would be enough for you?
Do you think what we are getting as severance is enough? What do you think would be enough for you to leave this place "with no hard feelings," to put it like that?
EAP and Speak Up is for the company , not you
I know first hand an account of a former colleague who brought a credible account of corruption to Speak Up. The alleged corruption involved mgt including the TL in his or her organization, where it was apparent that employees were accepting kick... — read more
Has anyone heard what USPL is doing?
Rumor has it that the BP1 system custody transfer origin will soon be done by Magellan. Possible joint venture/buyout?
26% BPX Laid off today
Denver office layoffs. After moving people there a year ago.
BPX layoffs starting tomorrow
BPX layoffs starting tomorrow. Why is the schedule different than BP? Any chance the Denver office is closing?
BP to sell London HQ
News today that BP will be selling it’s London HQ.
Rankings have Begun
Tier 4 rankings have begun and are due Sep 11. There are 4 ranking criteria with performance being one of them. Not as favorable to be a delivers expectations and no SVP awards over the last 3 years. The other three criteria focus on professional... — read more
bp sells GoM network to Tampnet
Is this the beginning of bp selling off more US assets? I hope it is not the tip of the iceberg.
401k Match
Anyone else hearing rumor that 401k match is to be in half?????
EOI
So many requests denied. Why even bother with offering EOIs?
Most Stable Part of the Industry At A Major Oil Company- Midstream, Upstream, Downstream?
Just wondering what you guys think is the most stable part (less frequent layoffs) of a company at a major oil and gas company- Shell, Exxon, Chevron, BP Etc
BP looks to cut jobs, including union positions, at its Whiting refinery
BP looks to cut jobs, including union positions, at its Whiting refinery https://www.nwitimes.com/business/local/bp-looks-to-cut-jobs-including-union-positions-at-its-whiting-refinery/article_d9017514-2743-5420-bad9-517b2427f130.html
Wondering If Safety Can Be Protected During All This Change
I know the new LT says safety is still our number one goal but I’ve been hearing our accident rate is trending up. Scary!!!
US exploration?
All dead? Anybody staying? Who is going to run the JV stuff?
BP Plans Crude Oil Production Cuts
Bernard Looney, CEO, stated that BP will reduce crude oil production by 40% over the next 10 years and invest up to $5 billion/year in low carbon technologies. BP swore off exploration in new countries. The goal is to bring oil production down to... — read more
America and offices
All GBS employees in Naperville were told they will be let go, obviously the petrochemical business was sold, ultimate leaving very few people left at the Naperville campus that is way oversized to begin with. Rumor is that ineos has no interest in... — read more
BP Cuts Dividend
Dividend cut in half after huge loss.
Earnings tomorrow
I’ll be interested to see the Q2 earnings tomorrow. I think we’re the last super major to release results this quarter. Results for the others have been all over the place. I guess I’m mostly interested to see if trading offset our losses and if we... — read more