So let's do the math 3,500 IT employees minus those ringed fenced - already in low cost areas, new graduates and apprentices, crisis management people and from what is left 1100 will leave. On the surface it looks like 30% but it might actually be... — read more
UK technology collective consultation
The UK technology collective consultation for redundancies has started. Based on previous experience in the past what should we expect?
Thought MA was on paternity leave?
End of the article. https://www.morningstar.com/news/dow-jones/202501142128/bp-expects-to-book-up-to-2-billion-in-charges-sees-lower-upstream-production-2nd-update
Tuesday is upon us. Any news?
I heard expect an announcement on Tues 14 Jan then an SLL only meeting Wed followed by an all hands call Thursday with Emeka. Hoping we hear something solid about the org they know all the boxes including locations question is how much will they... — read more
More Shell BP rumors
This is interesting speculation … https://royaldutchshellplc.com/2025/01/09/from-pensions-to-profits-is-bp-and-shells-db-scheme-exit-paving-the-way-for-a-merger-and-new-york-retreat/
What’s the package?
What kind of severance are they giving employees in the US?
All-staff Safety webcast starring Emma, William, and Gordon
Did anyone take time to watch? I know that at the beginning, GB did mention that MA would not be able to attend because he was on “paternity leave”. That had two guest speakers, someone from the TA business and a person from the North Sea. Coming... — read more
Reinvent anniversary
Took me number of years to come on here and discuss reinvent. It’ll be 4 years at the end of this month that I was let go under dubious circumstances by a set of terrible managers driven by self interest and conflicts. I decided to come on here now... — read more
Re-org and redunancies
Will they honor the discretionary enhanced redundancy terms (DERT) for UK employees that are served notice as part of this upcoming re-org? DERT terms are much more favorable than statutory redundancy terms, but they are discretionary. As far as i... — read more
Restricted Shares and termination of employment
Hi I understand from reading bp share policy, upon termination of bp employment, bp has discretion to allow its ex-employee to keep the restricted shares (if they are a good leaver etc). Does anyone know who's decision it is to allow the employee to... — read more
Digital reorg has arrived Jan 2025
We are finally here at the cusp of the reorg. What are your predictions for the month ahead? what should be happening to solve our issues? what cuts do you think EE will actually sanction?
Why doesn’t the board take action?
https://www.axios.com/2024/12/31/oil-company-stock-price-exxon-chevron-shell-bp
New Year Predictions - bp 2025
What are your predictions for bp in 2025? I’ll go first. We will start a new round of divestments to sell off assets that don’t add significant value, starting with refining.
Merry Christmas
To the most morally bankrupt company on earth. Here’s to another year of layoffs and share price stagnation.
Adnoc buys BP and BL comes back as CoB
https://www.agbi.com/opinion/energy/2024/12/bp-could-be-a-savvy-investment-for-gulf-buyers/
Folks, it couldn't get more sickening if it tried
https://www.prnewswire.com/news-releases/lumen-partners-with-prometheus-hyperscale-to-enhance-connectivity-for-sustainable-ai-driven-data-centers-302333590.html
We are the next Enron
This has been a long time coming. For many years we have been under the leadership of people with poor or immature ethics. If I were the leaders of BP and Bpx I'd be very concerned. Can you sense a major shift over the last few years in morale... — read more
BP and Bernie Back in Bed
We’re getting the band back together :/
Latest round of redundancies
Lots of redundancies announced in engineering this week with most of the roles transitioned to India.
I told you several months ago
I've been in some disheartening meetings. The writing is on the wall and now 2025 is here. We are bringing Denver back to Houston. You have a bad reputation and the culture in Denver is defunked. Lots of mid managers are on the cutting... — read more
Former BP chief Bernard Looney joins board of Abu Dhabi energy group XRG
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up... — read more
CEO is taking paternity leave… in Feb?
MA is taking parental leave in February. And our new strategy is getting announced in Feb. And shares vest in March. And some re org rumors are for Feb. And the article about bp needing to sell was published this week. Why would he elect to... — read more
Bloomberg piece: possible bp takeover
It’s a very interesting read and honestly way overdue. https://www.bloomberg.com/opinion/articles/2024-12-09/bp-chairman-needs-to-put-the-company-up-for-sale
What does the JERA/bp joint venture mean?
Is bp’s new “strategy” for low carbon energy going to be joint ventures to minimize capital investment and exposure to risk? Or is this just a side project? I’m so confused. Of course, bp leadership is not explaining it too employees en-masse. — read more
Technology webcast Dec 2024
Is this the calm before the storm on jan?
I sc--wed Up Coming to BPX
Worst damn mistake of my whole career. Is there anywhere better or are all the oil and gas companies going down the drain? This place is a joke. Bunch of back stabbing fake people, No leadership or vision, Pretty clear I'm not going to progress... — read more
TSI Feedback
So now we have been using our international centre of excellence for a while how are we finding it?I've got a person that has taken of 40% of a FTEs work and says he is now fully utilised.... Any other anecdotes? This is a slow motion car crash.... — read more
Retiree medical question
BP retiree here paying over 800/mo for Health plus savings plan. Seems generous but I also qualify for the 30 percent premium and this plan requires a 3200 deductible before the regular office copays kick in. Of course then there are even more... — read more
Why did we acquire a solar company?
Given the expected new strategy and all the renewables pivots, why did we just close on the Lightsource solar company acquisition? Are we just going to eliminate the business and/or drive it into the ground? Assuming we’ll integrate the capabilities... — read more
Thoughts on Emma's town hall?
Anyone attended Emma's online town hall last week? Any thoughts. I found it amateurish that neither Emma nor her LT members took any responsibility in how far off their targets they are. Pulse burning $300m a year, TA started delivering bad news... — read more
Former BP Chief Joins A.I. Data Center Developer
According to the New York Times, Looney is being employed as Chairman of Prometheus Hyperscale, a Wyoming start-up. Does this mean he will move to Wyoming? I can't see how he can run it from London. As it's a start up, and he is the Chairman, he'll... — read more
Outsourcing
Does anyone know how many US jobs are being outsourced to other countries? The org charts were published today.
Guyana Offshore
BP not investing in Guyana Offshore has to be one of their biggest blunders of the past twenty years.
What’s happening in US Hydrogen and CCS?
I heard there are big changes happening right now.
Something happening in EF?
Rumors are spreading like wildfire. Possible acquisition? Land swap? Anyone heard anything?
Q&A DA & AI
To the people that attend the meetings, what are your key takeaways and predictions for Jan 2025 & Q1 2025 in terms of redundancies based on prev experience?
BP Layoffs 2025
What are your thoughts about potential BP layoffs? Any chatter, news or rumors?