Prices will drive operational behavior including headcout. If it gets worse, plans will be executied on. Just be ready.
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41, Excellent… $0 raise!! Make it make sense! Was told above salary reference and reality of slow down in CL promotions and shrinking of salary bands.
As an NSI, plan on have "zero" raises between 47 and 55 when you become retirement eligible.
exxon is already trying to get rid of me and I am only 47. nsied this cycle and piped. I am trying the pip and it looks passable.
If you all think these things aren’t happening/going to happen anyway, you’re delusional. Lots of things in motion already to sell assets and reduce high cost (and low cost) headcount regardless of commodity prices.
Worse?
Prices?
When crude prices drop below $60 per barrel, headcount reductions and asset sales will be accelerated even further. We will be lucky to make it to the minimum retirement age of 55 years old.
Headcount?
Executed?