Anyone know if BPX assets are in discussion for divestment? Which basins?
I understand layoffs took place last year, but new CEO wants discipline more CAPEX discipline. I think BPX just needs new leadership
10 replies (most recent on top)
BPX is extremely profitable... d-mb AF if BP were to sell it...
Just a joke, if BP spun off BPX with no other buyer, it would just be called X
BPX in Denver continues to be the wildest thing
@1s2 checking in on the redundancy board of a firm you left 10 years ago is weird behaviour mate.
I have been gone from BP for 10 years and nothing has changed. Déjà vu all over again.
I remember BP spent $16 Billion on upgrading the Texas City Refinery and sold it to Marathon for $4 Billion.
That's smart business.
BPX must be sold
Divesting bpx would be one of worst financial decisions bp could make right now.
What’re you goin on about? Bp wishes it had bpx’s discipline. $10B got you 1/4th of your current production and growing, with about 3x more production per person. Maybe they’ll offload you lot and loosen bpx’s reins so bp can actually increase in value. “You got soft hands brother (bp)”
@am New leadership…BPX urgently needs ANY leadership!
Everything is always for sale for the right price