Why do industry observers and specifically BP staff automatically give high praise to Meg? Can one person from the outside manage to upright a failed strategy and a culture which abhors change?
16 replies (most recent on top)
@eb
Meg birthed and is a surrogate to two Mega Projects.
Kaskida first oil 2029
Trion first oil 2029
These two projects will book end her legacy or a gateway to greater things.
@e8 I would think more of MO if she had ditched KD and GB. Neither adds any value to the company.
The mindset of BP staff is perverse. They created safe spaces with extreme levels of process and procedural burdens yet want or claim to seek simplicity. XOM is a Rockefeller inspired cult-the antithesis of BP or at least KD’s inclusive woke BP. Will Meg break bp’s self inflicted bad luck and rudderless direction with the same team hand picked by BL?
@OP TE was offered the job before her, but turned it down. Can't blame him. They didn't want him the first time around. RR offered him a package of £24M pa. No brainer. As for MO, there may support/hope for her because she is a) American b) ex XOM. I think there would be more support (and hope for the company) if she had ditched the entire BL LT. Every aspect of that man's tenure should be consigned to the dustbin of history.
@c0 Meg is intimately familiar with bp. She ran what is now BPX. She is familiar with all Woodside/bp joint venture Gulf of America assets…Given BP’s close relationship with Woodside it was offered a non operated working interest in Kaskida. Meg and her most trusted geophysicist determined that the risk far outweighed the potential benefits. During transition she was given daily briefings and two weeks before arriving given a thorough legal, reputational, and market assessment.
Agreed KD…will go…read the older posts about Murray A etal… KD is tenacious but, will be gone
Honestly, give her some time. She hasn't even been in role 3 full months.
Also honestly, she should let KD go.
@bk and still logging in 11 years later. What odd behaviour.
@aj holy cow you spent 40 years working for the man? You could have retired in half that time and enjoyed life.
Meg is creating an era of fear and repression that she learned and mastered at Exxon this will not be conducive to great things. BP now has the look and feel of a Devil wears Prada movie and not that of an exploration company…
@an “Delivery at pace” is the latest catch phrase that garners attention and is often used to make the speaker sound smart…it’s not fast or slow…just measured
What does “delivery at pace” even mean? What pace? Slow? Fast? The same pace as always? It means NOTHING!
I am a retired Amoco/BP employee who had 40 years of experience. I left BP in 2015 and recently started following this web site to follow the new CEO.
It has been hilarious how nothing has really changed. I am so happy I left BP.
We are on an adventure…we are going to see things…change is inevitable…BP needs a new corporate word salad to encapsulate this strange era. The Sunbury crew recommends the post Covid era phrase “delivery at pace” it makes the speaker sound smart. Field personnel hear it and automatically know they are led by the best
Modern technocrats are quick to own success and quicker to minimize failure. Accountability is not part of the modern energy DNA in the C suite. Meg incubated Trion the game-changer Mexico ultra deep water project and left before its birth first oil. She now has BL and MA projects that will certainly challenge the company technically and financially. It must be nice to receive this type of adoration and good will. The interconnectedness of BP and Woodside is pretty unique.Eventually BP will need natural gas when Shell out plays it
It may have been false hope or optimism that a new (non-bp) leader would have brought positive changes. So far its just been shuffling of the same recycled failures across the orgs. Nothing new by any means, the initial ethusiasm is gone, she may end up being more of the same tiring rubbish.
CEO and deputy CEO have performed asset reviews with no changes to pipeline. No upward or downward revisions in investment or prioritization. ZERO!
BP got to use its overused cheeky corporate word. Delivering barrels at pace!
Zero projects idled, suspended, or accelerated!