what does everyone think of this guy?
will he be able to get bP off its deathbed?
20 replies (most recent on top)
@1x...yes. bp share price less than half of what it was 20 years ago, while competitors have gone up. bp has shed nearly 150 billion in market cap in 20 years...capital destruction machine.
Share prices are not directly comparable. Share price GROWTH is. The raw share price is not indicative of value.
Bp share price has hovered around $32 for quite some time with barrel at $69 ish. Shell $72is. Exxon $110is and Chevron $150ish.
@10t that’s rich coming from the region that’s had the biggest process safety incidents over the last 20 years and a well control incident that brought the company to its knees…
@z6 same can be said for jobs moving to KL or Pune.
@z6 UK is already posturing to do all the brazil work, which seems ridiculous when houston is in the same time zone, and their north sea region is a pile of rubbish. Lets see how they sc--w that one up...
@zq It is a very bad investment, but quite a few bigwigs elevated their career with M&S, so doubtful there will be any consequence. Just look at how they spin it as an "achievement" in all the communications...
M&S is a bo-b scare. I really wonder if anyone got fired for that. They really should have...
UK might be cheaper labor for back office and general engineering but the bench strength is terrible for experience in how we actually make money (O&G exploration and production). Moving staffing out deep experienced pools like Houston will save a few % on L&O but that’s not where our real cost is.
One inexperienced “mistake” like M&S carries more cost than the entire US Wells payroll. Trying to save 30% on labor by prioritizing UK over US (when the UK also has less work hours a year) is penny wise but pound foolish.
the UK is a low cost centre these days, esp. compared to Houston
@hb not much cost advantage from G+ at this point… plus you need about 3 there to do the equivalent work of a UK G
I probably don't realise how many jobs are going to india. How many? from what I have heard there's not so much a cost advantage from level F+.
@ds you realise how many jobs are gong to India?
they should get rid of SJS. don't need prime real estate for execs with IQs of 70 to work in and make decisions to harm the company
seems like sunbury lease goes for another ~10 years
why goodbye sunbury? smaller offices?
mr manifold gonna is gonna stick it up the exhaust
Depends on if he is willing to kick current ELT to the curb
goodbye castrol
goodbye ventures
goodbye digital apprenticeships
goodbye aberdeen and Sunbury
Good. If you’re an oil company you do oil company sh-t. Back to the basics. Petroleum 101 is in session by professor manifold.