Struggling to make a profit, no projects in the pipeline, and Whiting found another way to waste money by adding a new line of F grade managers. What is keeping bp from putting Whiting up for sale?
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BP sold off its Chemicals in 2020 while ExxonMobil, Shell, Total and Chevron kept theirs. BP strategy is always wrong. Now BP upstream is so poorly respected, these big and competent IOC refuse to partner with BP when BP is operator (afraid of Macondo and Texas City and AK spill risk).
You all talk like every other oil company is different. Bring in leaders from other companies and it will be the same. They’re all rotten. Organize so we have a stronger voice and maybe we can get the change we need for better leaders, safer work conditions and realistic strategies that do more than put money the pockets of a few people.
Everything you said is absolutely fully correct. Why are horrid leaders still there after so many poor decisions ? Where does accountability and honour reside? Please sell bp to a US competitor....that may be the best hope.
All leadership starts at the top, unfortunately BP’s is rotten from the top down…they have no clue what they are doing. Constant reorganization, layoffs, bringing new people into organization that had no clue about oil industry, excess DEI implementation vs competence and qualifications , constant strategy changes, selling assets at fire sale prices, Whiting upgrade at 1000 + % over budget, no one in charge or accountable
Back in the early 2000s, I've often heard that bp would like to get rid of the Chemicals and Refining & Marketing segment along with its step child, Castro to be a fully E&P organization. Why? Because they truly believe it's E&P that's been the money maker and everything else were drags on the corporation. I'm guessing with the ensuing Texas City explosion and the leak in Alaska pipeline, they proved their point... until (hold my beer moment)... Macondo. In the aftermath of Macondo, my job was eventually eliminated. No regrets from me.
Compared to upstream, there are far too many leaks in refining and potential bad days in the office …. Best punted out of the portfolio.
Sell Cherry Point!!!!!
Please !!!!
Bringing in external hires for senior roles has become commonplace unfortunately. Then they talk about the good progress being made in "career development" and flash up pulse survey nos. in townhalls....
Whiting and Cherry Point just brought on new Refinery Managers; both were external.
Cherry Point also went external for their Maintenance Manager role that they filled when the last one took an expat role and moved to GSK as Maintenance Manager.
It'll be interesting to see how both of these refinery's play into the new strategy that Murray is planning to announce on Feb. 26th.