If Shell buys BP, the combined workforce is close to 200,000 people. How do you think this plays out for employees in the core and support functions?
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If Shell does buy BP at some point in the next year, they need to find a way to get a headcount of 60,000.
100%. shell is a huge coward pretty much.
scared to make new assets and scared to commit to renewables. so they buy back stock and spend on upping stakes in proven reserves. what been happening for about 5 years now is more and more it’s divesting anything it operates and becoming a middle man.
at some point it will make more sense for them to be nothing but a shell logo rental service which also has some minerals interests. trading will last and so will whatever limited number of things they need around to have an in house edge
You folks have it all backwards. Shell has been whittling itself down and trimming the fat as part of a broader exit strategy from the core E&P oil and gas business for years. If anything we should only expect more of the same downsizing until we get to a point where the business is fundamentally just a trading and supply middle man. Ultimately I could see what remains of the core Shell O&G business being an acquisition target for a more competent major who’s actually committed to responsibly/profitably developing oil and gas opportunities.
If you were around for the BG combination, you’d know that where there was overlap (North Sea for example), BG staff got sc--wed pretty hard in favor of Shell. Where there wasn’t overlap (like Brazil non operated assets), BG staff did quite well.
If you assume the same model (not sure why it would be any different), areas where there are overlap (GOM) will probably favor Shell staff. Obvious caveats would be assets like Thunderhorse where BP staff are probably safe.
@d4+1jypygrh3
true
waels long term vision for the company is that if we infinitely cut and buy back stock then the dozen remaining shareholders will be very happy that it can’t drop any further even as the world begins to use fusion power. all 100 remaining employees besides wael and the EC (all in india of course) will also be very happy. shell lives on as a logo for rent to stick on exxons fusion reactors.
More cut cut cut, that is the core business under Wael. Next to buyback shares. Unfortunately the stock is not moving much for Shareholders.
Since the 1990s this has been a bad idea and it hasn’t happened.
Is Shell’s current leadership that much smarter than their predecessors, seeing hidden value in the acquisition, or do they just want something on their CV before shuffling off?
Buying a company is a lot easier than building one.
Maybe you should check the news and see if you can find any updates on the BP acquisition LOL.
shell will only acquire pieces of BP at best
they will use them to make more gas and retain more dirt cheap indian labor
Simple. There will be lots of redundancy particularly in core and support functions. Elimination of those jobs will be an easy target for cost savings. BP employees will undoubtedly take a disproportionate hit. Take the severance package and get on with your life.