Things are going downhill because unqualified folks get hired or promoted over those who actually know how to push us forward. As long as nepotism and the good ol' boys club run the show, we'll keep going downhill. Simple as that.
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The reason we are sinking is because 1) the market hates our industry and discounts our value and 2) the number of lawsuits against us for destroying the climate is growing exponentially and will wipe us out completely well under 10 years.
bP has been in decline for many, many years. the stock was higher 25 years sgo, 20 years ago, 15 years ago. the market cap was 2.5 times higher 20 years ago. bP is failed enterprise. underperfoms peers on almost any timescale. txc disaster was a catalyst. spill put the nail in the coffin.
Mmm what are we sinking about?
They let HR use legal and security to run an oil company aka to run the business
Until you fix the three, and get them out of the core business, nothing will change
As it was said many times before, RM and her HR at CVX will go down in history as the first time in history a support function destroyed an oil major.
The changes they made at the top are not in effect as RM is still meddling in everything and will not yield any meaningful results unless they clean up these three functions followed by SCM and IT.
Greed. Purple circles. Cowardice. Denial. Etc etc.