How high will it get by year's end? Most are happy for the industry and the company. A few are disappointed. Which one are you??
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There are lots of good employees out there now looking for work and even GOM people. I would not ever think you could not be replaced because everyone can be replaced. In a company this size we all can be replaced.
Nope. You can’t replace GOM or Deepwater experience. Not from inside because it doesn’t exist and not from outside because nobody would leave another operator for this one.
You can always replace key employees.
If you can’t afford to keep key employees happy, you will never be able to pay the stockholders. Who controls the revenue stream?
If you cannot afford to pay the stockholders you cannot afford to pay great employee bonuses.
Those of you who have taken on the work of 2-3 and are still being underpaid, what is your driver for sticking around? There really are some good jobs out there with companies who will treat you with more respect (aka $$$). Start shopping. Don’t be afraid to test the waters.
If the money is there and the employee deserves it then pay the bonus. I know it sounds crazy to pay a bonus in these time, but if oil stays at 48-50 and Oxy can afford it then pay it. We are going to have high debt for years to come, so a bonus of some sort should be issued. A lot of employees have taken on the work of 2-3 and management knows who they are. If people have been performing at a high level with the extra work it can't hurt to reward them, and especially if the oil price and revenues support them. It would also help those that took a 30% cut get back a little of what they lost when they were asked to take one for the team. Works both ways.
The company needs to get a lot leaner and physically get back to work. Also, you can really save a lot of money by eliminating bonuses this year or paying them out in LTI shares.
I am very happy oil is going up and our revenues at the same time. If we can have these prices and more for an extended time we should be okay, and then we can see if the acquisition was good. There is no doubt it hurt us during Covid and the price wars, but hopefully we have come out leaner and will start to see any benefits the acquisition will have for our future.
How true. Some people think the company exists so that high level executives can extract money from it. They seemed to have lost the concept it exists for the investors to make a return on their investment. The acquisition was a poor business decision.
I’m disappointed that the stock is $19 when the oil price is $48. Without the stupid APC acquisition, the stock price would be ~$50 today and the debt would be much lower and investment grade, not junk rated.
Otherwise, everything is peachy - way to go Vicki!