Hr Library

BP CEO search is big oil’s best chance to fix its gender problem, ETHRWorld


hr.economictimes.indiatimes.com | www.ETHRWorld.com

<p>Currently, women represent only 13% of the oil and gas C-suite in the US and occupy just 22% of jobs in the industry worldwide. Obstacles such as limited access to job opportunities and unfair evaluations contribute to the gender imbalance.</p>
Currently, women represent only 13% of the oil and gas C-suite in the US and occupy just 22% of jobs in the industry worldwide. Obstacles such as limited access to job opportunities and unfair evaluations contribute to the gender imbalance.

Titans of the oil and gas world like Exxon Mobil, Chevron, Shell, and BP have successfully adapted to countless societal changes over the last century – war, nationalisations, even the climate movement. But a major hurdle remains: Big oil has yet to appoint its first-ever female chief executive – something BP could soon change.

This week, the 114-year old British oil company parted ways with its CEO Bernard Looney after multiple investigations found he failed to disclose several workplace relationships. What the board knew and when remains unclear.

Appointing a female CEO would send a clear message that the clubby era of petro-masculinity could finally be coming to an end. But doing so will require bucking more than a century of precedent: Only two women – Vicki Hollub at Occidental Petroleum and Meg O’Neill at Woodside Energy Group – currently lead large international oil companies.

“It’s a very tough culture,” Jane Stevenson, global leader for CEO succession at executive search firm Korn Ferry, said.

In the US, women represent just 13% of the oil and gas C-suite, the lowest of any professional industry, according to McKinsey & Co.

Worldwide, women occupy just 22% of jobs in oil and…


Click Here to Read more /Source link

Show More

Related Articles

Back to top button