‘Tis the season for bad news at Big Oil - again. Shell won’t let this go unanswered, hence all the speculation swirling around cuts, mergers, lowered pay expectations, etc.
Walmart super store managers are making $400k+/- with no college education required and they’re not alone.
Could be time to pull the ripcord on this continued angst, just sayin’.
16 replies (most recent on top)
our leaders are brainless and spineless trend chasers who pay mckinsey to tell them what they want to hear as they chase trends so they have a fall guy.
mckinseys goal is to deliver what the customer really wants - not what they need
“yes ben that’s genius sell all the assets and spend billions on hydrogen”
it worked since first thing wael did is call them again
You mean you don’t get assets with PowerPoint slides created by oversized Commercial teams?
Hi @kq+1jkzr3qjt:
You're absolutely right. Shell has never really been a growth stock. If you look at its stock performance over the past few decades, it has been pretty stagnant compared to high-growth companies. Shell has a tougher road to expansion and shareholder returns because of structural and regulatory hurdles. Due to Shell being based in Europe, it faces stricter environmental policies, higher taxes, and a faster shift away from fossil fuels, which put it at a disadvantage. US supermajors like ExxonMobil and Chevron operate in a much more favorable environment, with more regulatory flexibility and stronger reinvestment strategies. This is why they have been able to outpace Shell in terms of growth. ExxonMobil has a larger asset base, which is needed in the energy sector. More assets mean more room to invest in major projects, explore new reserves, and stay competitive. Do not understand why our leaders as well as the McKinsey advisors see this since it is clear as day.
Wael needs to have a meeting with the top holders of Shell stock and ask them what they want long term. If your top holders are not growth investors, why do you care about reducing staff so much? We're past the days where "Big Oil" were the top stocks by market cap in the world.
https://finance.yahoo.com/quote/SHEL/holders/
@he, those are reshape numbers.. gotta cut even more to reach those exxon numbers
Shell has 80000 staff now.
Shell has 100,000 staff
Trying to bring in the next commercial play with the dangling threat of being sacked sounds a lot more stressful that ensuring the daily delivery of Pampers gets logged into inventory and loaded onto the shelves before shoppers arrive. Walmart might pay just as much and be more secure after all.
The surplus elite
wow you mean it’s not productive in the long run to cut on salary by exporting work to people who have no experience and cultural barriers?
shocking i tell ya.
CVX has half the staff higher market cap on less daily production. Helps really contextualize the added value/productivity of US based staff.
How do I get on the do not disturb list?
Also, why is Shell always so reactive? Why can’t they come up with their own ideas to execute? Always lagging, never leading. Buy high sell low. 😂
The foxhole isn’t deep enough to keep your head below the line of fire forever no matter what you demonstrate as tangible contributions. Unless, of course, you’re on the Do Not Disturb list.
Chevron wants some of that sweet sweet mediocre but cheap Indian labor and so the US has to go
bye bye
Does Shell really still have 80k+ staff, double that of Chevron?