BHP reviews

As I stated before, yikes. As bad as it is at BHP, it is improving. The new CEO has made tremendous strides in an effort to undo the fear culture set up by the previous regime; however, there is much to be done. Essentially, they need to fire about 50% of the management. They are like a beat dog...huddled in the corner and scared to death to make a decision without 15 months of analysis...and then, and only then, act if there is ZERO risk. You can't run an effective business that way. This is why they haven't made any significant oil discoveries in over 10 years in deep water. I won't even start on shale...lost as a goose. Using draconian HSE practices that nobody else in the industry implements. It's losing money with no real strategy for long term growth. BHP is a low to middle of the pack oil company, but if you ask the leadership, they talk like they are the biggest oil company in the world. There is a reason the average tenure is 3 years. You can do better.

Shrinking company - selling off assets and operations in others at a standstill Moving support work out of first world countries into second/third world countries Lots of talk about supporting "speaking up" - but those who did were largely later let go during downturns Lack of success at exploration means future growth options are limited Distinct possibility that Petroleum business is sold off or spun off in the next few years