Shell cannot even fix Shell to get better profit, I hope they don't try with BP.
With all the buzz about a possible merger, I hope someone sanely asks why.
There are no rumors of any other major wanting to merge, why... because they're smart enough to know better. Let's not F A F O
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Shell might be BP and UK government’s white knight
https://www.reuters.com/markets/commodities/shell-might-be-bp-uk-governments-white-knight-bousso-2025-03-19/
I think neither Shell nor BP would benefit from the other's management style and the synergies wouldn't materialize more than $1-2Billion. Who'd spend $150- 200Billion (the current market cap - to the price with a premium) to get $1-2Billion, even if you double the estimate of to $2-4Billion, that's still far-less than the interest you could get in a CD. Let's pretend this was a legitimate investment, you'd want >10% year on year. Do you think the synergies are greater than Shell's and BP's current profit combined. Plus, you've got to pay interest on your loan to buy one or the other. Nah, hard pass on this.
me entire career as a US JG4 is fixing failed work from Indian JG2s and 3s
my impression from that area is definitely not good
it’s clear that Shell and now the entire industry are willing to let an entire hub of people fail until they’re good enough to get rid of all US personnel. heck it’s probably cheaper at scale if only 10% of them are as good as the US.
Shell is most paid employer in India
I was forced by HR India to hand out promotions to people clearly not ready for them. India is the future for Shelll
I guess no discussion of Shell leadership is complete without bringing up the awful use of DEI and the awful implementation. Rather than growing to accommodate, they shrunk and cast folks out regardless of merit. It is like given a choice between capable +1 and capable +3, leadership decides to choose capable+1 over capable +3 because they only care about capable... well guess what there are a lot more folks with capable than there are jobs, so people add +X to compete but those merits don't count if competing against a favored group... yeah that isn't right.
And the claim that 40+ years ago someone white and male benefited wasn't really true either. It is about wanting something and looking for a short cut to get it when you've not been competitive enough. Then the cry becomes we need to seek revenge for what your grandfather and great-grandfather benefited from... mind you that they did not do something nefarious they were in a better position and put their children in an even better position, that's the systematic thing people tend to do. Folks claiming someone is unfairly benefiting... that's just not right. Nor is it something to seek revenge over.
Men can still work at Shell, but if you’re white better hope you’ve got an English or Dutch passport. Otherwise you’ll be kept in the cellar.
the more you share the true motive of DEI, which is blind and senseless jealousy, the better off things get for true fairness - it just won’t be in the way you think
there is literally nothing stopping you from doing well in business but yourself. all you really want is cheap prestige and so you readily ignore the non-prestigious and failures and poor of your perceived enemy skin tone to do so.
Who would do all the work then?
lol cry harder tighty wh---y
White males have had a massive advantage in the business world for generations and now you’re upset that there are efforts to level the playing field? Sounds like you might fit in better at one of the many small E&P’s where everyone looks like yourself
to get promoted at shell, here are your bonus multipliers
Indian
Female
other non-white race
NL
g-y/use pronouns
UK
penalties
white
it really is that simple. leaders will tell you we’re merit based to your face or on calls as if their brand new GPAs turned in this week don’t have diversity quotas at all levels
at least this is how IT goes
Do they still allow men to work at Shell and BP? When I left years ago there was a rumor going around that you had to choose between a n-p or a tuck or else be considered biased and unfit for leadership. Unless you were a bundle of sticks, of course.
The stock price bounces like a rubber ball. The ranking based on stock price changes practically daily. Year to date is a poor indicator this early in the year. How would that show how Wael is doing... what if we looked at over the term of his tenure? Or 6 months after he started to now? Should we subtract off the billions spent on share buy backs?
Shouldn't we look at the change in reserves, the change in production, and the profit margin from those and downstream? And compare that to the other super majors or stock market in general?
Frankly, based on the numbers for total shareholder return we'd have made more profit by liquidating and investing in all the other super majors and majors (except BP and Total) than actually running the business assets we have. Really, Shell makes about 5.6% on investment in actually running the business. Liquidating and investing in a total stock market index would be more profitable and statistically more reliable. That is pretty scary if you are willing to ask yourself should they even be in this business?
Working through this, the revenue is about 280Bln, the market cap is about 202Bln. The profit margin on the revenue is 5.66% (according to yahoo finance). If you liquidate and throw that into a stock market fund the value increase based on total shareholder returns would need to be about 8%. For the last decade stock market funds have returned a little better than 11%. We're not making enough even with the high oil price to say it is a better investment to just keep doing it.
Granted this is from the perspective of the profits the company makes and the dividend it spins off and merely looks at the benefit to the shareholders. There is a social contract to the employees and the community too. So, I am not advocating stopping oil production, but letting someone do it more profitably.
Here are the YTD stock price increases:
BP 10.7%
Total 9.0%
Chevron 6.8%
Shell 6.6%
Exxon 2.7%
BP has the same problem we do - no future reserves to sustain the company. Buying them doesn’t fix our problems.
Year to date, Exxon and Chevon are doing better than Shell, only BP is worse.
Honestly, we really didn't get synergies from BG...
It is kidding yourself to expect synergies from BP. EXCEPT BP has a lower profit margin and is all around less desirable. You'd need to fix it to get it up to Shell standards...
its not an attempt to fix BP or Shell. Just gain Cost savings ("Synergies") and better capital allocation (scale/portfolio high grading).
Someone needs to tell Wael his job is to ingratiate low skill / low motivation employees, not working on behalf of shareholders.
Measured by the stock price and dividend.
Seems to me Wael is doin’ just fine.
What do you mean by that?
Are you claiming that Wael has improved the profit margin?... Well compared to when we were in the heart of the pandemic and oil was -$20/bbl then yes, but otherwise not by any measurable way. Have we grown market share? ... no. Have we sold assets for cheaper than we could have?... yes. Do we have as valuable and profitable a portfolio as when he stared?... no again.
If you mean Wael is collecting a fat paycheck and is unbothered by negative observations?... well probably so, in that case he is doing just fine.
Seems to me Wael is doin’ just fine.