Next round of layoffs then....
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Yes, bp is an oil minor these days
Merging two offices into one sounds reasonable, not a supermajor so why so many offices needed..
@cy well they are moving to India. Along with the downstream labs in Hull.
yes, all the key oil and gas vendors are in easy reach of sunbury.
In the Q&A when asked whether this is a plan to shed numbers rather than make redundancies, they should have just said “yes”.’
They must think folk are buttoned up the back.
@gw Yes all those key O&G contractors with major offices in the Sunbury area….
Houston not only houses operations for two different O&G regions but also a Trading floor, deep pool of O&G staff in the area and you can literally see every O&G supplier’s office from Westlake. The push to make Sunbury a technical hub over Houston was foolish to say the least.
@gw yes. All technical roles will migrate to India and slowly the number of floors in timberland will shrink.
Key points:
• SJS is the nerve center for capital allocation and governance
• Sunbury and Houston are the strategic brains
• Regional offices own local operations and relationships.
Sunbury (with Lakeside and Uxbridge) has been a legacy sweet spot: lower cost, near key tier contractors and HQ, flexible space, good housing and schools, and strong road/rail links.
By contrast, a Central London location would signal technical outsourcing and introduce greater volatility in business results.
@dj the time you spend in the office is totally irrelevant in the modern world, we're not in a Victorian mill. You can save million with a clever negotiation or planning a clever investment and do all of it from home. Or you can spend the nights in SJS and then decide to buy Archea 🤔
looney what a fool. people stayibg in SJS late into the night to prove commitment is meaningless. results matter. bp execs have proven worse than worthless over many years. bp worth half of what it was worth 20 years ago. bp was damaged goods before looney and other stupid execs nearly destroyed it
Let me shed some light. This isn't about SJS. Its all about Sunbury. The SJS culture has always been one of high productivity with many folk staying deep into the night to prove their commitment. You can quibble a bit about the output but not the sweat. Whereas at Sunbury, most comfortably arrive round 9, if they aren't "working" remotely, and at 4:00 - 4:30 its as if someone pulled the fire alarm with the stampedes to the shuttles and car parks. Prepare for a cultural earthquake once the remaining Sunbury staff are moved under the watchful eye of headquarters staff.
@aj Less ‘everyone’
@ax there are technical laboratories at Sunbury working for Bp exploration not everybody is an overhead
@b4 You don’t have to sell me on closing both SJ and Sunbury. Capital markets are deeper and regulations more friendly on NYSE. About time we bid the boat anchor monarchy adieu like so many other LSE listings have.
@ax well, with all due respect more value is created in in Sanbury than in SJ. All the wrong investments were concocted in SJ.
@an They don't want BP. You are on the Titanic.
@aj don't need to mate. They're hoping you'll quit.
@ap what do you mean a new headquarters on the other side of town? The headquarters is barely moving. In case you haven’t noticed Sunbury is a huge collection of people contributing to overhead with negligible overall value creation to the group. Zero oil production operations. Zero trading. Zero refining operations. Yet tons of people spinning up ideas on how to waste away money on “initiatives” and buying low to no value assets for good vibes and groupthink.
Technical centers should be where we have technical people, where the valuable operations are. Otherwise decisions lack awareness of how work really gets done and how value really gets created (cough M&S boondoggle).
@an ah and you think they would bother with a new chairman, a new CEO and a new headquarter if the intention was a merger. That would be really genius and totally in bp style....just a diversion.
this shows serious lack of judgement from our so called leaders. Unless this is explicitly designed to cause maximum disruption. Most of the workforce lives around south west London and they get a new headquarter in the other side of town. Why? do they live on the moon or what? I guess on their first day they must get a manual: "how to demotivate your workforce"
30% layoffs by end of year and merge with Shell or Exxon. The singular reason for Meg as CEO is to trim bp down for the merger. That’s what Elliott did to Hess, Meg with BHP oil and gas and Albert M wants.
This is a good move.
just like bP closed naperville, moved people to chicago and then wondered why those people often dont do the 2-3 hr roundtrip commute...bp will move people from sunbury to timber square and wonder why the offices are mostly empty
How will they fit everyone in?
Sunbury is a money pit, learning centre empty half the time and only used if important town halls, support staff, hired plants, certainly a big change but having everyone co-located makes sense, however im sure theres a bunch of people who are Sunbury home office who live no where near there or London !
If they are willing to close hubs like Sunbury, is this probative of what bpx will do with Denver office in the U.S?
There better be an increased central London weighting or a relocation allowance
I guess this puts an end to the rumors that our HQ will move to the U.S.
@a5 calling it 30min from SJS is a joke. Nobody is going door to door once we close that dump, it’s just a transfer and 6min from how you’d arrive at SJS. Contrived belly aching like this is why the Sunbury culture needs to go. Good riddance!
‘ So SJS and Sunbury both closing. The new location being 30 mins from SJS and and hour and 45 from Sunbury by car (70 mins by public transport)….. And that after closing Douglas House and moving those folks to Sunbury?
I guess after the Castrol deal closes it will be bye bye Pangbourne too.’