Oil companies have changed the weighting for CEO compensation. Based on several metrics, compensation was changed to give more weight to free cash flow than production. This means that ExxonMobil and others will focus on the more profitable operations rather than ones that produce more. ExxonMobil will accelerate the divestment of underperforming operations. Businesses will be ranked against each other and ones at the bottom of free cash flow including expected future free cash flow will be sold. ExxonMobil will be smaller with fewer and much larger plants, but much more profitable, stock price is expected to reach $200 in two years as ExxonMobil buys back stock and increases the dividend with cash from asset sales and higher free cash flow from operations.
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The years of being rewarded for volumes is dead. Profit should have always been the way to run the organization
DW will always complain about being underpaid
Makes total sense to any rational thinking person.