Thread regarding BP PLC layoffs

Merging with Shell has the potential to be a highly strategic and financially advantageous decision. Such a move could unlock significant value for both entities by leveraging their respective strengths and resources.

From a financial perspective, the merger could lead to increased economies of scale, reducing operational costs and enhancing overall efficiency. It would also provide access to a broader portfolio of assets, markets, and technologies, creating opportunities for diversification and revenue growth. Additionally, the combined entity could achieve greater resilience to market fluctuations by pooling resources and expertise.

Strategically, Shell's global presence and extensive infrastructure could complement the merging company’s capabilities, enabling accelerated innovation and expansion into emerging markets. The integration of advanced technologies and best practices from both organizations would strengthen their competitive positioning in the energy sector.

There are multiple articles out now about this from credible sources.

Go read the comments. I dont know of another energey company that gets called out on Linked In as much as BP.

Nobody respects us anymore. What happened?

Bloodbath in Castrol except for the Jet setting CEO and her clueless team, who ban travel then talk about the useless travel they are about to embark on.....zero capability zero common sense....

@tyf+1vUsvdoM They already are tough for employees. It's a bloodbath in Castrol.

The business press has the board and the exec leadership in its sights. 4Q will be below expectations and the pressure will begin to mount even more. I don’t see helge lasting beyond the AGM.

re: digital it needs to be cut to 2,000 positions max. We are an oil and gas company not a technology company, thinking otherwise was a Looney strategy from 2021 that needs to be ditched.

This is the culmination of more than BL's poor leadership. The onshore America CEO is just as culpable. The leadership at BPX is attorocious to this day. They over promoted a bunch of arrogant cocky youngsters and created a God awful culture. This systematically ran off most of the high quality technical staff and business leaders. Bp and bpx are not getting the best and brightest anymore. They are getting the leftovers. Its fustrating to watch my company fall this far. I've seen so many come and go.

Permian sunk way too much money into green energy initiatives without getting a good return on investment. Reserves are overbooked and morale is in the gutter.

The leaders from bp and bpx all used their positions to get a little side piece. The truth always comes to light.

Any company looking to buy bp should treat it like the salvage yard. Take the pieces you want but leave the shell and let it sit there and rust. You don't want all the problems that come with this hunk of junk.

Its an interesting piece and no doubt has some elements of truth in it.

Very big mistakes were made in 2020. The biggest was thinking we could enter the new energy markets, with little/no experience, and make x4 the profit margins of companies who have done it their whole life.

We need to be honest about who we are and what we do best, then massively simplify the whole organisation or the company will go under.

The next 3 months are going to be very harsh for employees.

No one wants the company, but they do want the assets. There is a lot of unrealized value at bp and the right leadership can run it right.

I don't think any one would touch it.. wishfull thinking

re: 17k in digital - bp should never had let the numbers in digital get so high. Over the last 15 years bp has drastically shrunk and is now in the second tier of oil and gas companies. Support services should have been right sized to reflect this new reality.

True. But BP, owned by whichever entity, needs to sale Castrol. Horrible match.

Any takeover over / merger would mean massive layoffs at bp . The 17,000 in ‘technology’ would be extremely cut in this scenario.

sad but true
bP has fallen soooooo far