• 5 minutes Oil prices forecast
  • 8 minutes Nuclear Power Can Be Green – But At A Price
  • 11 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 16 minutes Europe Slipping into Recession?
  • 13 hours U.S. Treasury Secretary Mnuchin Weighs Lifting Tariffs On China
  • 3 hours Socialists want to exorcise the O&G demon by 2030
  • 4 hours Chevron to Boost Spend on Quick-Return Projects
  • 19 hours What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 2 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 12 hours UK, Stay in EU, Says Tusk
  • 2 hours Germany: Russia Can Save INF If It Stops Violating The Treaty
  • 2 hours Connection Between Climate Rules And German's No-Limit Autobahns? Strange, But It's Exist
  • 4 hours Conspiracy - Theory versus Reality
  • 16 hours Maritime Act of 2020 and pending carbon tax effects
  • 1 day Venezuela continues to sink in misery
  • 1 day Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 11 hours Regular Gas dropped to $2.21 per gallon today

Global Energy Advisory July 6th 2018

Refinery

Almost 50% of U.S. large oil company executives are seeing their pay tied to shareholder returns as production growth relinquishes the top spot in the industry’s agenda. Shareholders have been making life difficult for E&Ps recently as they lose patience expecting to see sizeable returns on their investment in an industry that just recently began to emerge from one of the worst price crises in history.

A survey by Goldman Sachs among 39 sector players revealed that 19 of them, including Occidental Petroleum, EOG Resources, Anadarko Petroleum, and Hess Corporation have pegged the salaries and annual bonuses of their executives to shareholder returns. The immediate driver behind the moves is the fact that despite rising oil prices, the shares of oil companies have improved more moderately and not so consistently, undermining shareholder optimism.

Yet, the changes currently only target short-term remuneration, while long-term incentives such as stock options and restricted stock, which represent some 65% of executive pay packages have been left alone for the time being. Many other companies are in the process of reviewing the pay packages of their executives and more changes may follow.

Deals, Mergers & Acquisitions

• Enbridge has struck a deal to sell infrastructure including natural gas gathering pipelines and processing plants in Western Canada for a total $3.28 billion. The deal will allow the pipeline operator to reduce debt and…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin



Oilprice - The No. 1 Source for Oil & Energy News