My question is rhetorical . Their new strategy is the same than the old one. Sell low (pipelines, drills, licenses, renewables) and buy high (retail marketing).
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The 20/20 is no longer relevant now that DWH is basically settled and oil is $30 bbl. but they haven't come up with a new strategy other than to sell assets to fund the dividend.
The 10 points plan are part of the 20/20 vision, but the short term on how to deliver value to shareholder and reassure everyone there won't be another macondo, the 20/20 was / is for the long term plan...you see 2020... gosh! I guess it took someone in S James or sunbury a lot to think that out! But nobody is peddling that plan anymore, I wonder why.
20/20 vision? I've never even heard of it. Is that like the 10 point plan? Everyone wants to know what that is.
*no tour but round damn autocorrect
@2pjx, ok...the 7k lay offs for 2015-17 has been announced in the press and I have seen plans and org charts for some areas. It is not just guesses, there has been one tour of lay offs and a second (a third in very specific BU) is coming. BP has no other alternative when it has borrowed money to pay the dividend. I wonder what's the current 20/20 vision lol I have no hear of it for a while.
Meh ... This is all a big old load of speculation.
According to my own records and calcs, from mid 2014 (when all started in upstream and midstream) to end 2017, there will be around 10k-12k lay offs. 70% of those in upstream and midstream, the rest in corporate functions and downstream, lots of them in the U.S. BP is saving the British bottoms first. If CP is in the chopping block the situation is desperate, though there have been rumours about it for the last couple of years. Whiting is a money pit and they rewarded the head of unit and directors who manage to turn a 3billion capex into a 10b nightmare. BP is going to leave the NA operations, all points to that strategy.
Executive problem with NAGP is that they can 't put it on the block to sell, at anything near a price they can justify to the Board of Directors.
Cherry Point is burnt toast, and headcount reductions have already been approved. It's just a matter of timing.
GoM is their biggest problem how to find more efficiencies without sacrificing operations capability and resultant safety. GoM is thus a huge headache.
We're so full of political correctness processes and PC buddy culture, that we are doomed to execute normal business decisions to remain in business for much longer.
Sad to say, but BP is through. We know it.
Big cuts for NAGP. Downstream Consolidated FVC to be sold off asap. Cherry Point going first. GoM layoffs a coming also.