Oil and Gas Giant BP as a Case Study on the Future of the Workplace

Oil giant BP has a message for hotels and flexible workplace providers: Inspire us. Why is that? The multinational says it needs help to "rewire" its business. The company posted a loss of $20.3 billion in 2020, and is now selling its offices, and other assets, to invest in its low carbon energy transformation. It sold its London headquarters for $345 million in November last year, but will lease it back from new owners Lifestyle International Holdings for two years. It’s also told its 25,000 office-based employees they’ll be working remotely at least two days a week. Now hotels and workplaces will have a role to play as BP “rewires” its business — a process countless other companies will be going through as they map out their post-pandemic recovery. “[The hotel] brand has a place, it’s got consistency, there’s a feel, and hotels are often in the right places. Big branded hotels have been running hospitality hotels for hundreds of years,” said Andrew Carne, BP’s