We all knew Murrays days were numbered when Big Al came in, but I must say I'm surprised it came out of the blue on a Thursday night the week before Christmas.
35 replies (most recent on top)
I quite liked Murray - he was not perfect but a good exec - what I think was a red line was that he did not get rid of a couple EVPs upfront. I hope the new CEO will be able to do both do a decent job commercially and also get rid of the EVPs that deserve to go.
@w2 TA, Archea, lightsource, all had his approval. All trash. Go back further - India access, Brazil / Devon swap, rosneft xfer. All amounted to nothing
MA was dead set on keeping the CEO seat. When he was told the news of the new lady, he quit on the spot in a rage. Stormed out. End of story.
MA was fired on the spot, plain and simple. We may never know why.
Likely he found it difficult to defend the M&A transactions.
@k3 doesn't he have a role until Dec. They sure do know how to look out for themselves. Longest handover in history...
Expect refining and production to be split again. Which is 100% the right move. Expect further cuts at F and above which has been long needed. Too many nothing jobs for friends for too long.
Expect reporting lines to be reduced and some VPs to go.
I think she’ll be the one to sell it all off. Shut it down.
@k3 your comment will likely be deleted because of name usage btw. But clearly he didn’t actually step down, otherwise he’d be here until the new ceo came, just like the chair position swap. That’s a PR move.
Surprised Murray stepped down so abruptly instead of waiting until April. It may be an opportunity to give Carol some experience and visibility so it will look better on her resume when she gets punted along with the rest of the leadership team.
the xom board wishes they could have her and not DW. will be interesting to see what direction she takes
@ef+1kcq5tz2q Maybe stuff that break the site rules get deleted?
@ef - probably just automatic removal by keyword. Unlucky last name or Mr BL - just don't spell it as is
If you make any reference whatsoever to MA's predecessor as CEO on here, the comment is removed. Why? Who is it that is requesting removal?
does the downvoter on post about muzza's performance dispute the facts?
too funny. bp adr was $33.40 when muzza formally became ceo jan 17, 2024.
today, when he announces stepping down, stock will likely close at $33.40.
no improvement in share price, and diminished market cap, during muzza's tenure
Well… Now the executives finally get a turn to stress about seeing the unemployment line. This is going to be fun. Weeeeeeeeeeeeeeee!!!
the woodside stock chart looks as bad as bP's... lost 2/3 of market cap in 20 years
Well, I just hope that the rest of them are fired as well. Emma, etc, bye bye
And a question to you, Guys: tired of winning yet? Ready for another change in strategy, reorg, layoffs etc? For yet another year where we will hardly be able to do our jobs normally?
@ab if that’s how you feel don’t be a coward and hide online. Say it at the next townhall.
Unless of course you know what you’re saying is bigoted garbage that has no place in any company, much less this one.
@ac which one is the worse snake?
this will be the sixth ceo in 20 years. it is a revolving door and nothing ever improves
American-born. Female.
He-l yeah.
Everything I’m reading thus far says she was well liked at Woodside. Maybe we’ll see some good leadership from the CEO!
@a7 please please please!!!
Another excuse to reorg and layoffs.
Share price of her company dropped from $25 to $15 during her tenure as CEO. Why would manifold do that
disappointing they had to go external and couldnt find someone from pune to fill the role...oh well at least its not one of the british or scottish snakes
Why news seems to always travel faster here than any internal communication channel? Guess I’ll keep watching this board.
with Peggy as CEO. will Al Bundy be brought in?
The new CEO likes flexible working and 9/80s!
@a2 given our REs are routinely off on bbls projections I wouldn’t be aspiring for an RE CEO unless they plan to teach us how to model.
Well well well …
Weird timing - why a few days before Xmas ?
Finally, we get a CEO that was a reservoir engineer.
Good riddance