New BP CEO Sets Bold Agenda, Admits Staff Layoffs 'Inevitable'

The transcript discusses BP's 30-year relationship with Russia, emphasizing mutual respect and collaboration. It addresses US shale operations, highlighting flaring issues and efforts to improve environmental performance. BP is pleased with its acquired assets and aims to enhance synergy targets. The company is undergoing restructuring, which may lead to layoffs, but the energy transition offers growth opportunities. BP seeks to hire digitally savvy individuals, focusing on values like respect and inclusion, and sees potential in tech-driven roles.

What is the foundation of BP's relationship with Russia?

• Cultural exchange programs

• Economic competition

• Shared technological advancements

• Mutual respect and dialogue

What environmental issue is BP addressing in the Permian Basin?

• Water pollution

• Deforestation

• Flaring

• Air quality

What is BP's target for synergy savings by 2021 after acquiring new assets?

• $450 million

• $550 million

• $250 million

• $350 million

How does BP view the energy transition in terms of employment?

• It has no impact on employment

• It will lead to massive layoffs

• It will only affect European operations

• It creates new opportunities

What qualities does BP prioritize in its hiring strategy?

• Experience in oil drilling

• Financial expertise

• Respect, inclusion, and digital savviness

• Technical skills only

Where has Dave Lawler situated himself to emphasize BP's tech focus?

• Houston

• New York

• Denver

• San Francisco

What industry does BP consider attractive for people wanting to make a difference?

• Energy

• Technology

• Automotive

• Finance