Corporate factor = 1.25?
28 replies (most recent on top)
CVX and it’s peer group all reported strong earnings, which is one line of evidence showing how all have adapted to lower oil price environment. All signs at moment are that 2019 will also be strong year.
I tend to agree with the previous poster; the bonus was very generous. Sure. I am very thankful to receive it but it also feels like something may be brewing under the surface. Wise words from a retiree in my opinion. Put some away for a rainy day; storm clouds may be approaching in days to come.
Congrats on the 1.40 corporate CIP multiplier. From one retiree to the active employee— we all pay for over compensation, which this is. If oil doesn’t make the comeback the executives are counting on, there will be payback for this CIP expense. Enjoy the bonus hoard, but watch out for deeper cuts towards the end of 2019, including higher lay-off numbers. My advise is to save your bonus. Don’t put in that swimming pool or kitchen renovation.
As I posted Earlier...... HUGE!!!!
1.4 is huge. Well done everyone. Let's have another great year in 2019.
The pension impact to some people will be signficant. Woo hoo!
1.40 corporate multiplier, just announced.
@1eiqh, You are in for disappointment. I’m with the person who called no more than 1.08.
After the impressive gains in cash flow, project execution, operations streamlining, and significant dividend increase, corporate CIP factor should be pushing about 1.5.
If you get paid any CIP at all, consider yourself lucky. You still have your job.
I wager the corporate CIP factor is going to be no more than 1.08. If you think it’s higher, you’ll be in for a disappointment.
Depends on what numbers the competition report next week. Safety is only a small part of CIP, most of it is financial results since we are a business, after all, not an HES agency.
Have some of you heard that word, "business", before?
1.15 its a done deal; plus an extra weeks vacation across the board; whoop whoop
Huge. Any more questions, snoflakes?
No way 1.10. Try 1.05 as a maximum.
1.0, MAYBE 1.1
-5zsk: I like steak and eggs myself, but ya one needs to be happy to just get fed in the oil patch these days. That said, my bet is it will be above 1.
Should be more than 1 given the great earnings and safety record. I would guess 1.1
Doubt 1.25 but at least 1. Early Dec and ZERO fatalities
I’m not sure we will get a CIP Corp factor over 1.0. We’ve been handed 0.80 and 0.85 in the past 5 years. Don’t be upset to get back to seeing a sub1 factor again.
-1dip: Got it about right, above 1 by a hair. Don’t go out spending your chicken money, scrambled eggs for breakfast this year.
Your bonus will be keeping your job while you see your buddies getting tossed. More terrible times coming.
So true 3zrr. The real bonus is still having a good paying job.
Employees are fretting about their bonus when they should be thankful that they are still employed after all that has happened during the last 3 years. If oil falls into the mid 40's, there could very well be more layoffs.
I'm guessing 1.2
When the company has a bad year, the corporate factor is low because results were terrible. If the company has a great year, the factor is still low because well... next year is expected to be terrible, gotta save money ahead of the crunch.
Corporate Factor of 1
I’m with @1dip. My advice is don’t spend your bonus money until you get it. The corporate factor will be 1 plus a trickle, nowhere close to 1.25.
1.0000000005