Hello, here at BP we strive to attain oil in the cleanest form possible, alongside taking full responsibility of our actions and the effects that we have on the local communities. We are aware that things in the past may have not gone the way we planned but we are forever in debt to the local communities that we damaged and the lives lost.
We now have various precautions set in place to minimalize the risks and in general the negatives that arise from our day-to-day work. These precautions are there to help the local communities and build a relationship between them and BP.
We also recognise and understand the scale of our actions in the past (Oil spill on the Gulf of Mexico) therefore building a relationship with the local communities that we work in in now a key ambition of ours – we want to regain the relationship we once had with the communities that we worked in – this is now held priority wherever we work. Building a relationship with not only the local communities but with stakeholders is very important to us, without them we wouldn’t be where we are today, therefore we cannot thank them enough and despite the oil crisis we are on a journey to bring the organisation back to where it used to be – trying our upmost to gain the respect we once had by shareholders, opposing organisations…
We have always effectively engaged with our stakeholders who’s input has put BP back on a rise which in recent days has prioritised the relationship with our local communities as well as many others, recreating the bond is what we feel will put BP back where it should be.
Despite our efforts BP are unable to be competitive with oil prices which is primarily due to the oil spill. This means that in order to be able to compete with the likes of Shell we have to cut Jobs, be more efficient when drilling… These are minor issues which we are facing, however it is something that we will overcome. The main concern in all of this is the amount of jobs that will have to be cut, this is solely down to lack of cash flow which arose from the oil spill and this is now the toll it is taking financially to BP. It saddens us that we have to cut jobs in the meantime in order to achieve our goals – however this is only temporary until we have a steady cash flow allowing us to compete with oil prices without it negatively affecting us.
The consequences for our stakeholders differs, this is because many of them want to see different things within the company, some prioritising the environment while others in favour of the preservation of jobs… Therefore, trying to find a balance while implementing different strategies is hard, while trying to find the perfect balance in between. Despite this having various ideas and being able to mix one another can potentially be very rewarding which we don’t take for granted while on the road to rebuilding the BP we once knew and know.
Thank you for taking the time to listen.