Why would Oxy pay its Petro Technicals a very generous one time bonus unrelated to yearly goals or performance. Some top onshore and offshore engineers received +60,000 for their efforts..
Your opinions?
14 replies (most recent on top)
@g9 Yes, BvB is an angel all right. His celestial name is Clarence the Du-----k. Just cast him into the Lake of Fire and be done with it.
The KM And APC crews were top of the line. They needed to feel appreciated.
Oxy guys su-k.
@g9
an angel for the bonus... a devil for the portfolio and shareholder turmoil he created. The company needs to deal in reality. Give the people what they want/need and stop trying to engineer the future... leave that to the government. When BvB complained about his child's experience on the school yard at a TED talk, the shareholders knew Shell was cooked. It just took too long for Wael to assume control.
BvB paid us an extra bonus just before leaving. It was of course to make up for shafting us the year before. But the man was just an angel.
Maybe Oxy bitchface is bailing soon.
Is this additional oxygen bonus a retention bonus? Shell has done this also at various points in the past depending on the specific skill pool. I know geophysicist got a large retention bonus back in 2010 ish era and I think reservoir engineers have also received one before. I think you had to stay 3 years otherwise you would have to pay it back.
@d2 yep I was lucky. Another O&G company reached out and requested my technical expertise. It is greener on the outside from Shell.
Seems to me the smart thing to do would be to band together with some top technical colleagues and do a start-up consultancy.
Shell is a huge company and staff will always be tethered to a graded pay structure with its min-max ranges, time in grade requirements, arbitrary contribution assessments, etc.
Point being, don’t moan around here waiting for Shell to become something it will never be.
@d2
It is really a fraud that is taking place in Shell. The leadership promises shareholders and larger public that they would undertake a certain project with a certain FID budget claiming economics hold well with that budget. In the end the project cost escalates by 25% to 100% turning whole economics upside down.
One never knows how much money of project escalation costs exchange hands and laundered into Shell companies of Shell leadership and their partners. The project managers who assist in the fraud get rewarded with promotions, PSPs and other forms of compensation.
If it were not for fraud and money laundering, what is preventing a project from being controlled and executed within the estimated budget.
Whether staff are based in the U.S. or outside the U.S., Shell does not recognize or reward technical contributions. Technical staff must leave Shell and get their skills rewarded elsewhere.
Shell tends to reward PowerPoint presenters and “bag carriers.” In project environments, if a project manager exceeds the project budget by 50% or even 100% and can justify it with a PowerPoint presentation—even when the justification is not valid—they are still rewarded. There is no investigation into whether the justification holds up or whether shareholders’ money is being wasted through these budget overruns. They are rewarded regardless.
@bp sadly this is true. Shell does not value technical expertise and is trying to move PTEs out the US to overseas to be cheaper.
lol.. Billions in buybacks… still waiting for the launch... .. to the moon… 🚀 📉 📉 📉
Shell is the biggest buyer of SHEL stock.
The retention program is for shareholders, not technical staff.
Because they value staff with technical know how unlike Shell.
Shell people are turning into robots 🤖 so doubt anything in this post will elicit a reaction. Shell people only care about their careers and any blockers to that career