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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.
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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. |
Sorry I’m super new to this industry but recently went for an interview with a bunker company.
May I ask if a sales exec role in a bunker supplier firm is the “broker” or “trader” that you guys talked about here? Is it a good career choice as I’m thinking of making a switch to oil & gas. Is there hope in the industry now that countries are rolling out vaccines and air travel bubble? Thanks in advance for any replies! |
This industry so secretive and full of crooks.
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