Thread regarding BP PLC layoffs

Leadership like Jim Ratcliffe

As we are forced to endure another round of painful layoffs, some may ponder how Jim Ratcliffe made himself $18 billion (and two of his other partners became multi billionaires) out of BP's assets.

Could BP management be improved? I guess this is why Bernard is bringing a new strategist from McKinsey into the leadership team. Perhaps the team should also ask Jim how he did so well for Ineos shareholders?

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The deep employee cuts and restructurings are hitting all the oil & gas companies. It was overdue to happen. All these companies need to get leaner and to adapt strategy for the future. The geopolitical environment for oil & gas companies is only going to get worse.

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