Profits all go upstairs. We'll just keep getting cut like always.
5 replies (most recent on top)
Helps executives but clearly does not help employees. Your 0% raise is going to bite harder with this inflation!
The price absolutely helps near term profitability / exec bonuses from the share price alone.
Longer term structural demand destruction is a real concern. After this is over we are in for a few rough years
Agreed. Consistent approach to lower structural costs and focus on core assets will absolutely not change. Senior Executive stock grants will be a bit higher in 2027 if oil prices sustain. Only thing that changes with more cash flow from high oil prices is more stock buybacks - and possibly slightly elevated capital expenditures if higher oil prices sustain.
The Executive bonuses will inflate due to the higher oil price even though executives had nothing to do with the higher prices.
HC10 staff over 50 will get PIP’d at the normal rate no matter how much profit is made.
BTC staff with far less accomplishments during the rank period will be ranked higher than the HC10 guys that made corrections to the BTC deliverables.
WAEM
Are you new? Oil price down = staff reductions. Oil price up = staff reduction.