It’s a shame a prior topic was taken down likely for calling out a horrid VP. Leadership delegating strategy to less knowledgeable contractors and consultants while independently incapable of trusting their team or asking intelligent questions or researching a concept directly tied to their role is indicative of the strengths of bp.
Leadership expects the impossible with aims like LCE and then cuts without reflection.
“Your next chapter can be brighter.”
Whatever bp.
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The Technology reorg has been a disaster. 1 year, no clarify, productivity throughout has been non existent.
Management are wasting billions, no wonder the company is a takeover target.
bp management doesn't drive strategies. And after being fatally wrong in 2020 we are afraid to do anything but cost cutting to appease our shareholders in the foreseeable future. Out of pride the firm has spent a lot of efforts to mask our own troubles to devise words like "pivoting", "strategy reset", "quarter after quarter delivery" in the past few months, but I came to a conclusion that it's doing no good to itself or to its employees.
bp has been for years been working under a committee style endorsement system where decision is not based upon a leader or leadership but on communal understanding of the corporate's financial, technical and commercial situations which realities vary by divisions / SVPs who report to EVPs / a few strong group leads who have diverging interests amongst them (i.e. P&O vs. G&LCE, Midstream vs. T&S , IT vs. Commercial etc). So with no real accountability it ends up being conflicted, slow, and end up frustrating the low level internal stakeholders who actually carry out the ground implementation.
As for the new strategy, I attended one of the sessions where bp in-house consultants (what used to be called SS&V) shared their debrief after the March reset revelation. It was a closed door session. Those consultants seemed genuinely quite proud and satisfied with their own work, having analyzed the company so well - all third person perspectives - to conclude that bp and chevron incur too much cost compared to Shell and Exxon after 2020 and that's why we are behind the curve. It was very fancy, all pretty & nice slidedeck with lots of numbers but no real understanding of the business (of any division). Soon after the cost cutting campaign began, and it's now going through the entire organization.
Think it's time to have a wake up call. It may still be a good firm and one of the better places to work for, but it is not as remotely looking like what purports to be. Sure the firm can turn around in 18 months but equally it may not the latter of which will be a bloodbath for many in here.