Does anyone actually think we will get bonuses next month? I think we will but they will be a lot smaller.
15 replies (most recent on top)
I understand wanting a bonus, but really people do you not realize what is going on around you. We are going to be hurting for years to come. Our industry has a target on it's back with the environment, taxes, and regulations being put in place. If any "extra" money is being made it will go to debt, new taxes, etc.
Get real. Most companies in our industry aren’t going to pay good bonuses.
I bet the bonus is sh– (I bet 20% of target) and that’s why they pushed back our return to work so people don’t come back even more angry.
VH - If you’re going to give us a garbage bonus don’t make us come back to the office until 4th quarter.
I dont care about bonuses, I just want the COC
No bonuses for GoM
Oxy will pay bonuses. Otherwise people will leave once the oil business is stable again.
They should have layoffs to reduce the overhead.
To the troll below, I’ve read comments on this site since March 2020 with people saying there would be more mass layoffs. “Layoffs end of Q2, layoffs end of Q3, layoffs after the 1st of the year, layoffs next month”. So far all of these predictions have been completely wrong. The price of oil is up and so is the stock price (almost double what it was a few months ago). And what does work from home have to do with layoffs? As far as I can tell, everyone can manage their job fine wfh, so any point about extended wfh equating to more layoffs is just dumb.
We are making money now, but maybe bonuses only for those that rank high or have been promoted. I really think we will have layoffs again especially since WFH has been pushed out, and with the new review system. I wish they would get a better dividend going if things continue to improve.
in my opinion, I believe all Permian folks will get bonuses. I don't believe everyone will get a bonus, work from home will be consider a bonus. I believe this to be fair for all those folks whom continue to work in the field and put themselves in danger.
- 5x? Even during good time they were not giving that out. Best to pay down some debt if they have that much money to burn. Or better yet do some conventional projects in Permian or GOM with a good rate of return compared to non-conventional.
- 5X sounds good to me, but probably be lucky to get .5x.
They might pay you in LTI, 1/3 vesting in each of the next 3 years. That’s shouldn’t bother anyone because everyone at this point is staying for a while.
I wouldn't start construction on that swimming pool yet. But if you're fond of jelly, you won't be disappointed.
Yours will be smaller. What does this have to do with layoffs?