As ideas to improve MRO’s poor fiscal performance are not forthcoming from its executive suite, here are some gleaned from an article in the WSJ (Quotes are from the WSJ):
Quote 1) Devon in May said it would cut executive cash compensation about 40% as part of drastic cost-saving measures during the coronavirus pandemic, joining explorers Pioneer Natural Resources Co. , Parsley Energy Inc., Murphy Oil Corp. and others in cutting executive pay.
2) Devon in May said it would cut executive cash compensation about 40% as part of drastic cost-saving measures during the coronavirus pandemic, joining explorers Pioneer Natural Resources Co. , Parsley Energy Inc., Murphy Oil Corp. and others in cutting executive pay.
3) Because the energy sector in general has struggled in recent years, some investors have pushed companies to compare their returns to those of other industries as they compete for investors’ dollars. Apache, ConocoPhillips, and Hess Corp. said they’ll start comparing their returns to the S&P 500’s this year. unquote