What’s he setting us up for?
49 replies (most recent on top)
“We delivered another quarter of solid financial results and strong cash returns to shareholders” -MW (on Q3 2023 earnings)
This PB message seems pretty dreary when our earnings are high and stock is strong at 144. But lets be honest. We’re due for our 5 year layoff cycle. Good luck to everyone!
I agree with the others that PB is signaling to lower CIP expectations. Probably some targeted layoffs in the works as well to get opex down (maybe not 'named' so as to avoid stirring up the hornets nest).
BTW, why is this coming from PB rather than our COO NH? Let the retiring exec be the bearer of bad news?
Sad that MW had PB tee up the bad news. This is your ship MW and you are responsible for its lagging performance.
More re-orgs!
Depressing email.
we made a not so smart move to buy Hess at PE 34, so now you get coals for Christmas.
Just saw this. Setting up for a terrible CIP. How about we hold folks accountable for missing the mark? The San Joaquin Valley was able to turn things around after one of its fields flooding at the very beginning of the year and a shipping line to the coast going down. We were in the Red three months into the year and no one thought we could make it back, however, we did through focus execution. Our corporate leadership needs to be held accountable for these failures.
The lowest CIP od your career!
It's obviously a low CIP. Do we think we'll get at least 0.5?
It better not impact raises. Inflation is still hurting at > 4%.