Thread regarding BP PLC layoffs

"The SFO should look into this deal, is it really in shareholders interests?" It would be great if the deal were referred to the SFO, but we don't live in a fair world. I truly do not know how Helge has managed to survive this long. Surely, his tenure must come to an end in 2025. It would be embarrassing if him and BL came face to face with this new JV because apparently, the two them were no longer getting on and you can bet your bottom dollar that Helge was instrumental in getting rid of the Great Lothario.

"How long until LAR is announced as a board member?" Would Bernardo's girlfriend allow that? It could be handbags at dawn!!

@4brs+1vWwlD8M it's hilarious over at BL's LinkedIn page- the BP pensioners are bombarding all his announcements with their complaints. Personally, I think the UK pensioners are doing fine, but I do applaud them for annoying him. I am also laughing at him using a photo of himself from years ago. Perhaps, he thinks it will help him pull some females in his new employment.

They’re super close. Have been since the North Sea days. There is conflict of interest and just plain bad business written all over this. bp has now become morally bankrupt. The SFO should look into this deal, is it really in shareholders interests?

@4whk+1vWwlD8M BL was in talks back in June with Dr Sultan al Jaber. He announced it through the Financial Times, which is what he always does. He announced those talks on the Monday because he was going to the Ambani wedding in India that week and he had to look like he was going to get a job due to the number of big shots who were attending. Remember, he announced his resignation to the FT in the morning before the BP press office could announce it. He's got an ego the size of Texas.

Deal will have been lined up for a while. XRG was created with this specific deal in mind. Bernard joining that board is just insane from a bp standpoint, there has to be a vote of no confidence

Unbelievable. Have to wonder about the timing of this - Bernard made his announcement on Friday, the deal between bp and XRG must have been signed already, but for optics why didn’t they wait until after bp announced the JV and then announce Bernard’s position on the board? Announcing it before bp announced the JV makes us look really bad. Was that his intent? Or are they all in cahoots on this and Helge was fully aware that Bernard was in discussions with XRG?

Before the ink is even dry xrg and bp go into gas JV together. Bernardo is back at the bp trough. How long until LAR is announced as a board member. Tone deaf from bp how can helge have sanctioned this!

Lots of reg flags here.. Bernard, McKinsey, confused strategy.. three verticals that might become something else... perhaps some PE...

Another insightful comment from a reader of the UK Times regarding the Abu Dhabi appointment:-

M R Quinn
13 hours ago
"Let’s hope he can keep it in his trousers with this lot or he could end up in prison."

I would answer that the likes of BL will be well protected. The same as BP turning a blind eye to his shenanigans until they needed to get rid of him.

@buc+1vWwlD8M How ironic would that be? Like, “I back bit@@@es””, miss me?

Good for him? Fxxk him

Nice succinct comment from a UK Times reader, D Yates: "Perfect guy to lead a fund that intends to overpay for acquisitions."

Guy is so narcissistic that I could easily see him engineering a large shareholder position in bp and being on the BoD.

Good for him, an exciting start up!

@buc+1vWwlD8M Oh, no. We would all be made redundant with no payoff if it was left up to him. He would administer the final kiss of death for this company!!!

Might he come back and buy bp!!!

It must be wonderful to fail upwards.