These are the consultants we pay so much money for actively working to ki-l our industry. Makes you wonder what advice they are giving management and what their ultimate motives are.
https://www.bcg.com/press/14june2021-the-next-oil-bo-m-is-coming-and-it-could-be-the-last
The consultants have been providing the energy industry with the same message for 30+ years. The message is, "You no longer control the prices of your feedstocks or product(s). All you can control is your OPEX."
The layoffs and bottom NSI will continue for the next five years until OPEX is reduced and our Return on Investments (ROI) is consistently greater than 15%+. Remember, Darren Wood told the Investment community that we will not spend CAPEX unless the ROI is greater than 25% for the project.
They make some good points. All the more reason to be looking for a new job
“ The Postpandemic Market Recovery Is Likely to Lead to the Highest Oil Demand Growth in History, but It Will Be Short Lived, Giving Way to a More Enduring Transition to Clean Energy Sources”
So that is what management is building strategy around. Sounds like a bright future. Time to join the #Exxodous