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Old 04-02-2021, 10:04 AM
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Originally Posted by Unregistered View Post
Oil trading is in decline. With the current focus on clean energy, governments and even the ordinary citizen are "punishing" oil consumption. Used to be damn prestigious to be working in those big international oil firms such as Shell, ExxonMobil, BP. No longer the case today. Oil demand has plunged due to covid and these firms have all been hit badly, with many even having to retrench. A good part of the annual salary for these firms come from bonuses. I expect the bonus to be paid out this year (for 2020's performance) to be miserable, potentially zero.
Don't lump Shell and BP together with dinosaur Exxon.

The way BP structures their packages it's not so bad even if you get a 1-2mth bonus payout. Base figures are very competitive already.
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