BPX CEO asks BP CEO about the role of US in the future, and MA gave a cryptic answer, like "if BPX is still here"...
WTF?
11 replies (most recent on top)
Houston is an afterthought because of the arrogant leaders across the company. I work out of the Denver office. It uis not good here either unless you are in a clique. This place is not a good place to work.
If you are top talent then take your skills elsewhere.
I think BPX is a great place to work. I have been here 5 years and am happy with the company in general. If I were to offer advice to anyone looking at a position here, if possible work from the Denver office. The Houston office is definitely treated and seen differently by BPX leadership and staff, and I work in Denver. I have visited the Houston office many times throughout my time here and it is clear in every respect that the Houston office and the staff are an afterthought. I feel bad for them and a bit embarrassed when they visit here. It is an unspoken thing but you can see it and sense it from the employees there.
If you want to work for a good company BPX is great. If care about being in a energetic environment where you feel valued BPX Denver is great. If the quality of the office environment doesn’t matter and you’re ok with nothing but the basics and no attention or consideration given, Houston will be perfect for you.
I don't disagree with those that say BPX reserves are not 10 years. Not being a reservoir engineer I am wondering how they can get around this since it is public information and affects investors. I would think they need to have independent verification of reserves. Is this PwC/Enron type accounting?
BPX can say they have 10 years of inventory but that just isn't true.
That was not what you heard, that's what you read in the captions. Go re-watch the segment and you'll see that's not what he said out loud.
Stop fear-mongering.
I am investing in O&G PE firms as they will benefit when the majors fire sell their assets. Thank you MA.
Who cares about bpx? You guys will benefit from being out of it if you get sold off!
Opinion: Its worth what you've paid.
Bpx has been passed up as a major player and they have their little boat tied to a large sinking ship. It is only a matter of time before they are spun off. We've over estimated our running room in the Permian and we bought BHP based on WPS assumptions that were too aggressive.
To be clear, we do not have the running room in inventory that is being touted by management and our stock would drop further if the market knew this. The SEC would have a field day if they knew the truth.
If you are a top talent who isn't getting opportunities for career growth then get out. There are a chosen few here who get all the promotions because of their connections and the favoritism. Poor leadership here will stifle your career if the company decisions and finances won't.
The grass is truly greener some place else. Morale is bad here. They don't care about you.
Bpx's name in the industry is bad and the leadership is treated like a joke for the most part. The only nice thing about it is the Denver location. Don't let it fool you.
Compared to competitors, BPX is high cost and gas-heavy. Compared to bp Group, BPX OPEX/BOE is high. BP Group needs BPX to show it has reserves for the next 10 years. In the meantime, MA is romancing Iraq and Kuwait to get more production at much lower cost. When BP Group has no more need for BPX it will be sold. MA is a finance guy so he is looking at the numbers.
If you are looking to merge with or acquire Bpx please beware. I'd recommend cutting all managers in Permian and many in Eagleford along with one in the Subsurface Team and one in the Reserves Teams.
You need to su-k out the rot and poison.
Well there is a lot of M&A going on across the industry.. it has always been an option.. could be a good thing.. may be just a differnt name and mandate..