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Originally Posted by Unregistered
Are you sure this is true? It's really difficult to imagine how Shell will be able to give out that bonus, considering the prices of oil and the fact that it is scaling down considerably on its Capex and labour costs.
Fresh from the news: ://.reuters.com/article/2015/02/20/us-refineries-labor-strike-talks-idUSKBN0LO00520150220
Shell is facing trouble with labour unions elsewhere. How could it possibly double the variable bonus for employees at its other operating countries?
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It is not double, but still substantially more than the previous year (60%). The bonus applies for everyone working there globally. You can't just base your judgement on some labour union news, the bonus is determined based on a number of different factors including cash flow, projects deliveries, production, contributions from both upstream and downstream etc.
But let's not go out of topic here, this thread is about Total Oil, not shell.