Thread regarding Chevron Corp. layoffs

Corporate multiplier is never that low because that is how the big boys get a significant part of the compensation. That said it will not be good. My guess is 0.75.

CIP should be based on the previously agreed objectives. It should be fair. We will probably get 0% on production and profitability, but we can still do OK on TSR and HSSE. If that holds I'm estimating a 0.2 to 0.4 corporate multiplier.

CIP will be low but not 0%. A huge chunk of the execs compensation is based on CIP and they are not going to fight to get as much $$$ in their pockets as they can. Board of Directors is the same – when CoviD & the price freefall hit, both the ELT and BOD considered and decided not to take any temporary pay cuts.

Your best bet is to anticipate no CIP bonus paid this next February. That way, anything you may end up getting will be better than nothing.

Big CIP? I sure hope you're right .... but I don't think so. The Town Hall next February will be something like, "2020 was a really wild ride, but we saw it through. We're back in the office, back to work, we took care of each other, but the world demand for oil just isn't there yet. For 2021, we're going to (either) a) suspend CIP this year while we get the Dividend back on solid financial footing, or b) set a Corporate multiplier of 0.01. Thank you for your hard work." Biggest question will be whether Satya is there or not.

We should make big bets on renewable energy? Look how well that has worked out so far for BP’s shareholders.

CVX stock is now at a lower price than it was 14 years ago. Even including dividends, it is one of the worst performing large market cap stock Investments in the world. I bet that Burundi government officials believe they deserve a big bonus because Chad is now officially poorer than they are...

@tqp,... Frankly, I think you're full of "renewable energy",... the squishy, smelly kind. CVX market cap currently reflects almost historically low prices for oil and gas,... NEE, while it may be riding a (futile) wave of market sentiment, is nothing but an abberation. You sound like a tree-hugging Lib,... too stupid to realize that renewable energy will likely NEVER displace oil and gas, for the foreseeable future. But, it's always fun to read the tripe egotistical a-holes, like yourself, spew forth. Fossil fuel may not be the "coolest" form of energy, but it is the most abundant, with a gloabal infrastructure in place to support it's production, refinining, and transportation to points of sale. And,... it can be STORED, until required for use,... show me how wind, solar, or any other form of renewable energy currently affords THAT feature. Take your clown act somewhere else. Please.

Utility companies have to get their power from somewhere.

The drop in oil stocks overall reflects the lower price of oil, as well as the shift to renewable energy. Nowhere is that more clear than the fact that Next Era Energy (NEE), a utility that has made big bets on solar, has gained 20% this year, and now has a market cap of $145.484 billion, bigger than both Exxon and Chevron.

Maybe it’s time for Exxon and Chevron to make some big bets on renewable energy? Morgan Stanley analysts Devin McDermott, Stephen Byrd and Connor Lynagh think so. “M&A-led diversification into the power sector could help them navigate through the energy transition,” they write. “Focusing on M&A in the power sector, companies with renewable development capabilities could be particularly attractive alternatives to oil & gas. In addition to diversification benefits, these businesses offer attractive free cash flow yields, supporting strong accretion (in some cases, much better than acquiring E&Ps) and improved pro forma dividend coverage.”

Don't you just love Sarcasm! lol

HR digs the grave and thinks they won’t get tossed in if they dig a pretty hole.

That was yesterday, today we are back we used to be.