bP writing down Billions in foolish investments and then will try to save money on bog rolls or changing the thermostat in offices
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Don't forget paying $4.1B for the garbage gas company that isn't cash flow positive. I hope Megsy comes in and cleans house.
Where are the board members and LT members who sat idly by while BL squandered billions on his green pipe dreams? Did any of them think paying 5x the expected price for wind leases in the Irish Sea or double the market cap for a chain of US service stations was a good idea?
Oh yes barring one or two they are all still in place.
@mw they “pay your salary” in exchange for work. So they’re not doing employees a favor. It’s a contract and exchange of money for services rendered.
@k5 thought the management implemented a city rate limit for lodging this year. Not applicable to expats/higher-ups?
@km Just remember what bp stood for when it was founded…….
A ‘Europeni’ company that pays your salary each month!! As for politics, have you checked your own country lately!!
I'm afraid our strategy of the green transition was just a tad too early so now we make a few minor tweaks like the financial moves you shrewd folk are noting. For you Europeni, please keep in mind that this strategy and its rushed timing were driven purely by your politics. Good Day
They’re devaluing the company to make it more appealing to potential buyers.
@OP some id--t will post that this is "whining", but this company has lacked true leadership, vision and foresight for so long. Can an american fix it after it has fallen so far , or are we counting on remote cheap "unskilled" labour ...
company fritters away billions then worries about cost cutting.
complete mo--ns
What other write downs did Murray Claus leave under the Christmas tree?
I guarantee there are other end of year impairments beyond G&LC.