Thread regarding BP PLC layoffs

What are your thoughts from today's 2Q Webcast?

What I understood is ACB is suffering. New job role hiring in the US/UK are frozen in lieu of filling and moving them to India. Possible layoff coming in the name of efficiency.

What else you derive from the Webcast?

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| 1511 views | | 11 replies (last August 1, 2024) | Reply
Post ID: @OP+1tLNaQ0R

11 replies (most recent on top)

Take the money going to share buy backs and use it to maintain and update assets. We don’t need another repeat of what happened in refining in Feb 2024.

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Post ID: @2qrh+1tLNaQ0R

the "leaders" have surely not added any value...bP has been in massive valuation and reputational decline for many, many years. other companies have gone way up in value of 5, 10, 20-year timeline, bP has floundered.

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Post ID: @1wjg+1tLNaQ0R

The only problem with bp are you bloviating malcontents who add nothing to the success or the productivity of, well anything…

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Post ID: @1mxg+1tLNaQ0R

Run.

Get out of this place.

Its toxic.

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Post ID: @1dzu+1tLNaQ0R

this company squanders insane amounts of money on accidents, lawsuits, fines, and d-mb cr-p then worries about cutting costs.

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Post ID: @dcf+1tLNaQ0R

No really, please tell me how we stop paying money on court-ordered penalties. How can you magically make it go away?

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Post ID: @oub+1tLNaQ0R

There was a webcast today? Like townhall where you could ask questions? I am surprised, did not get info about it...

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Post ID: @utb+1tLNaQ0R

bp is penny wise pound foolish. they will try to save money on toilet paper and cutting travel while burning billions on macondo

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Post ID: @hdh+1tLNaQ0R

How do we stop blowing money on macondo exactly?

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Post ID: @snu+1tLNaQ0R

stop blowing $ on macondo that is bill a year thrown into fire

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Post ID: @afx+1tLNaQ0R

I liked when Murray said that Gordon wouldn't know how to execute 2 billion dollars (in lieu of share buybacks). I've got a lot of ideas on 2 billion dollars given a low acb, hiring freezes, etc. maybe I could be on bpLT

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Post ID: @pxk+1tLNaQ0R

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