The layoffs have been real one sided and asymmetrical. Time to concentrate on the CEO and the ELT as they need to bear some responsibility and weight for performance.
When will Murray Auchincloss be sacked? And, possible alternative CEO that can turn BP around?
Update:
muzza formally appointed jan 17, 2024. adr then was at $33.40.
adr now is $33.49.
a whopping nine cent improvement in nearly two years
@1m4 uh, you reversed the numbers. CAGR > 17% for shel
Shell market cap:
1/17/2024: 209.57 billion
now: 151.98 billion
CAGR: < 17%
Market cap
1/17/2024: 87.821 billion USD
now: 88.643 billion USD
CAGR: A whopping 0.44%
@1h3 bad news then for you is that we are becoming Indian Petroleum
@1h3 Well said!!!!!!! The problem is this is a british company no matter how they try to spin it. There is a he-l of a lot of english and scottish managers/leaders who add to the useless headcount but make work/money on the backs of other regions. Unfortunately UK will always be homebase even if as a region it is worthless...How many UK expats are there in other regions (including usa) where they add zero value...
@1eh numbers would’ve been more impressive if it were not the London stock exchange. The LSE isn’t a real thing. “.L” = a penny stock.
@op: give me a wildcat ceo that smoke’s Marlboro’s & drives a dually, delist from the LSE, move hq stateside, dump the North Sea & stop paying uk fluff tax, make the b in bp stand for better, and then watch the company grow.
Jan17th 2024 BP.L @ 449p. Now @ 419p. Down 7%.
Jan 17th 2024 SHEL.L @ 2378p. Now @ 2626p. Up 10%.
That's the MA effect.
In Jan 2024 Brent was 75; it is 66-68 now; keeping the stock price while oil is 10% down - not that bad
muzza formally appointed jan 17, 2024. adr was at 33.40. now it is 33.89. zero change
@v5 are you being facetious or proving that people are actually “simpletons”? No one with any reasonable iq actually wants to see 70k+ people laid off and request a rich guy to lose money and buy it just to shut it down? FYI fact still remains that the stock price has increased since MA took over btw. Regardless of where it was 20y ago. In role performance measurement, starts when you take the role.
people are not simpletons...just tired of bp losing streak and wish elon would buy the company snd shut it down
@v0 the attempt to be snide is backwards. This thread is about M’s firing. Their comment is about bp’s performance since M took over. No wonder stock prices aren’t higher, if this is how simple the work force is. Everyone knows bp’s stock price was higher before.
bp is doing great. 20% above macondo low of 15 years ago. down 60+ per cent over 20 years. winning
They all need to go. Failure after failure.
Bp is 16% ytd. That’s a lot better compared to previous years. I predicted $38 by end of Sept, in early Aug and we are halfway there. What’s the problem? Bp is delivering,
Uninspiring, looks like sh-t, terrible presenter, either sanctioned or helped design the strategy which he then had to row back on just a few years later. Has appointed similarly uninspiring people who are simply terrible, terrible, terrible presenters.
What happened with the challenge programme? designed to furnish us with future leaders and where is the product?
Well…doesn’t anyone remember the HYPED presentation for deinvent when Murtard told analysts bp’s new strategy would produce a “compelling investment” opportunity? It did, but in a downward direction.
He is brilliant, has an outstanding command of bp’s financial facts; however, he still acts like a CFO, not a CEO. There is NO DOUBT he is culpable in Looney Tunes’ failed hard left turn to Green and bp’s downward spiral!
MURTARD SHOULD GO!! And we will watch the stock rise.