Thread regarding BP PLC layoffs

Pay Not Competitive for Reservoir Engineering Roles

I'm interviewing with two other companies and I've heard that the pay here isn't competitive. Can anyone provide insights? How have the benefits evolved over the last several years? What can I expect?

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| 1312 views | | 11 replies (last September 4, 2024) | Reply
Post ID: @OP+1ufPF3p6

11 replies (most recent on top)

Houston has lost nearly a dozen REs in the last few years. Most I spoke to left for pay raises in the realm of 20-50%. I know below average pay and lack of flex Fridays is a big motivator people have said as they left. There are other comments about the leadership and lack of promotions.

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Post ID: @6czj+1ufPF3p6

Are you a G? What is your pay?

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Post ID: @3jjy+1ufPF3p6

I left recently and landed a job making twice what this place was giving.

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Post ID: @2xmw+1ufPF3p6

@1kyg+1ufPF3p6 Are you new to the company and industry? Layoffs happen all the time in our business unfortunately. We lose both lower performers and good, highly skilled employees every time. Our industry never seems to learn.

The frequency of layoffs has not been as often this past decade or so as what seemed like the historical norm. Being a good, skilled employee does not always protect you from being caught up. With bp, who you know is more of a factor than it should be.

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Post ID: @1vxa+1ufPF3p6

Oxy pays more in bonuses

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Post ID: @1vjk+1ufPF3p6

You really wanna work here kid? Just go digging through this thread. Read a little. You'll figure out the right decision.

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Post ID: @1vxd+1ufPF3p6

Go to an RE role at upstream a&d vertical in an investment bank to get paid

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Post ID: @1kex+1ufPF3p6

@sub+1ufPF3p6 We’ll stop bching when we’re not constantly threatened with being laid off even though we’re effing good at our jobs and the company makes a sh ton of money

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Post ID: @1kyg+1ufPF3p6

Stop bi--hing

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Post ID: @sub+1ufPF3p6

I'm a Reservoir Engineer here. I can tell you that pay and benefits are crummy. I recently looked into it and found I was not getting compensated properly. When I brought it up they became defensive and said they are not trying to be the most competitive in our industry. Instead, they are at the bottom 35 to 25 percent based on my research and asking around.

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Post ID: @bfe+1ufPF3p6

Compensation and pay increases for most roles at bp has significantly lagged behind inflation.

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Post ID: @zjg+1ufPF3p6

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