BP "oil prices" Reviews | Glassdoor

BP Employee Reviews about "oil prices"

Updated Aug 27, 2019

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3.4
69%
Recommend to a Friend
88%
Approve of CEO
BP Group Chief Executive Bob Dudley
Bob Dudley
482 Ratings
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Cons
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Reviews about "oil prices"

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  1. Helpful (1)

    "Upstream oil & gas major"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Reservoir Engineer/GoM Reserves Manager in Houston, TX
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at BP full-time for more than 10 years

    Pros

    BP is an excellent company to work for, offering competitive salary and benefits.

    Cons

    Job security is highly sensible to oil price having constant layoffs than its competitors.

    Advice to Management

    Plan project financials at lower oil prices so you can retain talented employees. It is not clever to let talented and higly trained employees leave the company after having invested in them a lot of time and money in training.

    BP2016-12-21
  2. Helpful (2)

    "Overall good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Data Coordinator in Anchorage, AK
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at BP full-time for more than 8 years

    Pros

    Pay, bonus, benefits, coworkers, overall culture and mindset

    Cons

    Big global company that at times is too top heavy to make decisions. Can be a large disconnect between local business units central teams (people in London and Houston don’t always know how oil and gas production works and the ramifications and effort it takes to deliver what is asked). Also BP likes to change, saying around here goes “if you don’t like something, wait two years, it’ll change.” Can’t learn from mistakes, constantly changing systems to new systems that don’t work properly, unsupported and don’t meet requirements. Have now started rolling out new enterprise systems that don’t work properly for weeks after launch and with no actual training on how they work. Employees are expected to just figure it for themselves. Lots debt and expenses from oil spill, oil price downturn and buying assets has led them to sell current assets.

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    Advice to Management

    5-6 reorgs and asset sales in 8 years wears moral down.

    BP2019-08-28
  3. "Good salary & benefits, opportunities to move internationally, promotes from within, bureaucratic."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Supply Financial Analyst in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at BP full-time for less than a year

    Pros

    Salary, benefits and work life balance are all good (at least compared to consulting). Its competitive, but not nearly as competitive as consulting so easy to stand out if that's your background.

    Cons

    The industry is volatile with oil prices and goes through periodic reorganizations. Need to be strategic about the positions you select at the Company to make sure you remain valuable. Yearly average pay bumps are low unless you're a really good performer. This is pretty common for large corporations though.

    BP2019-08-03
  4. Helpful (2)

    "Overall Good Company"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in Houston, TX

    I worked at BP full-time for more than 5 years

    Pros

    Great work life balance, good compensation and reward structure, Collaborative work environment

    Cons

    Organizational structuring changed at least twice during a five year period, layoffs due drop in oil prices, Nepotism

    Advice to Management

    Work to retain and professionally develop a diverse workforce.

    BP2017-12-10
  5. Helpful (9)

    "Use Caution Before Accepting An Offer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Quality Engineer in Houston, TX
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at BP full-time for more than 5 years

    Pros

    BP offer excellent salary, benefits, and perks however none of that can makeup up for some of the things that need fixing at BP. Also in general BP top management is in general okay.

    Cons

    I worked for BP for 5.5 years until my boss decided he wants to let me go so he can bring in his own friend to take over my job despite the fact that I I took over the job of a person 2 level higher than me with much higher salary with absolutely no salary increase and a lot more workload and the workload kept adding up in the 3 years afterward with the same salary. During my time at BP I was on the receiving end of 3 cases of violation of what they call their code of conduct and although they say they investigate but they do nothing about it. I had many bosses during the 5.5 years ranging from the total manipulative one at the end to one that was a bully to one that only worried about his advancement. Issue at BP is not top management but the middle management and extreme case of corporate politics and advancement based on who you know and how well you can manipulate and bully people rather than merit. BP tends to move from one spending extreme to another spending all the time and money when time is good managing quality, performance, and cost and then cut everything when oil prices go down putting themselves in the same situation than DeepWaterHorizon.

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    Advice to Management

    Manage your middle management don't let them waste the talent and enthusiasm of a great workforce. Manage your money better and think more long term. Be closer to the people who do the actual work and for God sake get ride of all these levels of management. Management does not get work done and does not find the oil, drill the well, and produce it regular employees do. Why does an engineer need to count 15 people to get to the CEO?

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    BP2017-09-13
  6. Helpful (1)

    "When the music stopped, the glitter settled and the lights came on."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Project Engineer in Naperville, IL
    Recommends
    Negative Outlook
    Disapproves of CEO

    I worked at BP full-time for more than 5 years

    Pros

    Great pay and benifits. Very collaborative, diverse and inclusive environment. Lots of smart people. Good work-life balance. Fairly easy to move to other parts of the company.

    Cons

    Nearly all researchers across the company were laid off in 2015. This is the second time the company has taken such a U-turn on R&D. After a decade of frivolous spending on renewable energy, the company abandoned the effort completely. There is a top-down change in strategy every few years which leads to a lot of wasted effort. The company has a serious identity crisis. In the past the company could tolerate this waste and a huge overhead because of low oil prices and few competitors. Today the national oil companies (e.g. Aramco, Petrobras) and smaller leaner companies are pretty much up to speed on oil exploration and refining. Without research and development, BP has very little to bring to the table going forward. The layoffs have also created an hourglass demography with a lot of well-connected old men and some new graduates, but very few experienced young people. With such a demographic there is very little organic change and continuous improvement - which may explain why there is a top-down reorg every few years. These reorgs always push out the middle demographic which perpetuates the problem.

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    Advice to Management

    Without innovation the company will almost certainly continue to loose marketshare. While there may be little appetite to reintroduce internal R&D, then the company should aim to become the front runner on deploying new technologies. Despite a solid graduate program and multiple publications on career development, very few young people actually progress into management. There should be more focus on promoting young people that can help bring change.

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    BP2016-12-25
  7. "Love it here"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at BP

    Pros

    Been working at BP for a little under a year now, and so far it's be a great experience. The people are great, and there appears to be a lot of opportunities for advancement.

    Cons

    I really haven't had any negative experiences personally while working here, but I've heard from my colleagues who've been at BP for a long time that things used to be even better before the oil prices tanked.

    Advice to Management

    Really can't think of anything, except maybe speed up the process for hiring new people. It seems the hiring process can take quite a while, but I imagine any large company the HR process will be fairly slow.

    BP2016-12-01
  8. "BP Company Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Senior Financial Analyst in Houston, TX
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at BP

    Pros

    Great overall salary/compensation package. Good work/life balance. Friendly atmosphere. Convenient location off I-10 in the energy corridor. Good place to work at when the oil price is decent.

    Cons

    Not a lot of opportunity for upward mobility. Ever increasing outsourcing of work/services outside of the US. With oil prices being low for an extended period of time, the company has undergone waves of cost cutting and layoffs.

    Advice to Management

    Need to invest more in career development. Build a more sustainable business model, which is less vulnerable to fluctuating oil and gas prices.

    BP2016-08-04
  9. Helpful (8)

    "No Longer One of the Best Places to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Project Manager in Houston, TX
    Approves of CEO

    I have been working at BP full-time for more than 5 years

    Pros

    Great Benefits: Health Benefits, 401K match, and Pension are among the best in Houston. Cannot be beat. Campus perks such as on site doctors office, dental office, optometrist, and pharmacy available to employees. Access to child development center/ daycare on site and at a discounted price for employees. Two well equipped gyms with new equipment and staffed with personal trainers. Overtime available to some positions. Great Diversity and Inclusion program and a very inclusive culture.

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    Cons

    Due to the slump in oil prices this company has really passed along the pinch to its employees. Upper management is taking away the prized "work life balance" structure. and removing the option to work on 9/80 schedules. No more private offices, cramming the occupants of 2-3 buildings into 1 building and requiring everyone to be at work everyday instead of flex scheduling. Changing all offices to open concept. They took away all land lines and office telephones, all communications have moved to Skype only. Management has cut down on office perks and benefits. Janitorial services cut down. Charitable donations cut. Cafeteria food is expensive and terrible. No clear communication from management to their subordinates. No room for career growth. Personal development plans and bonuses are not based on individual performance and are not in control of your manager but based on group level performance. A lot of lay offs and cut backs and not much hope for the remaining employees. Very low morale.

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    Advice to Management

    Stop hurting the employees that have proved to be loyal over the years. Management has taken drastic measures to reduce costs, that is understandable, but blatantly taking advantage of employees in vulnerable positions already is uncalled for and greedy.

    BP2016-04-26
  10. Helpful (3)

    "Meh"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Lab Technician in Naperville, IL
    Doesn't Recommend
    Negative Outlook

    I have been working at BP full-time for more than 5 years

    Pros

    Company has good benefits (good 401k match, pension, decent health care). Cafeteria on site. Allow for flexible work hours (not REQUIRING 8-4 or something like that).

    Cons

    Due to the decrease in oil prices recently, the company has made significant cuts and is more concerned with the shareholders than employees. Employees (particularly lower level) really get shafted and treated like crap/like they're throwaway

    Advice to Management

    Since this is a 20 word minimum I"m going to type a lot of junk here but the bottom line is that you should stop being a bunch of chodes. It's unfair to take a 25% bonus when your lower level employees aren't seeing any sort of cost of living raise. If you want to save money, give up your undeserved bonuses.

    BP2016-02-01
Found 44 reviews
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