MA said he was 'really excited' by the new strategy. Sounds a strange thing to say about a pivot back to what you were doing 3 years ago. But I think that will be it, with a bit of biofuel greenwashing kept on the side maybe. He always gets angry when people suggest he's rolling back on the renewables push. Will be interesting seeing how he tries to spin it.
9 replies (most recent on top)
Big shift back to oil and gas, firmly away from green energy. In regions where the political environment still allows it.
Question is can they restore volume fast enough to keep the sharks at bay?
I don’t think they can without big clear out of EVPs and SVPs.
Just referring to a comment below, what was the deal with the reinvent shares? I’ve joined since them and hear a lot of chat about them in the office.
could see another share grant to keep people for the duration of the reset...
Getting rid of the McKinsey cabal…..oh, wait, no, they’re the one’s deciding the new strategy
Firing the entire executive LT will be a good start.
hot air from low IQ execs...nothing new. bP has been shifting direction like the wind and spewing bs for many years.
Divestments and reinvest the money in offshore production.
Big time oil and gas I guess. I thought there would be some more expansion into new regions but GB didn’t say too much when asked about them in the Q4 talk.