Surely the board of directors will not recommend a share dividend this year... Stock tanking below $13, $12bn loss, doing jobs at less than cost, oil hitting $25 and less, too much oil, shale in North America going down, down, down. Surely not. Thinking of it they should cancel PIPs as well due to the less than stellar performance in 2019.
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With today's announcement of at least a 30% reduction in Capex and kind of letting North American rigs loose, you all should be prepared to receive incoming in no overtime, reduced pay and job losses. They are hoping for International markets to be their saviours but with oil likely to o be $25-30 for some time and a huge glut, they are truly dreaming. Expect biiiiig production cuts from the already fantasy figures.
Remember it is “people first” ..... interpretation is deliberately loose. First ....
Sadly, you are correct. PIPs will be paid and it will be to the lucky ones 'working from home' whilst manufacturing staff are the sacrificial lambs.... as it has ever been thus.
PIPs will not be canceled.
Was thinking exactly the same buddy.