Monday, March 27, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home Market

Energy Executives See Big Payday Despite Oil Crash

11 months ago
in Market
Energy Executives See Big Payday Despite Oil Crash
Share on FacebookShare on Twitter

Energy Executives See Big Payday Despite Oil Crash | OilPrice.com

Latest Oil News

Libyan state oil chief stresses support across divided country

Libyan state oil chief stresses support across divided country

March 26, 2023
Iraq wins landmark case against Turkey over Kurdish oil exports

Iraq wins landmark case against Turkey over Kurdish oil exports

March 25, 2023
UK government expected to offer energy companies windfall tax relief

UK government expected to offer energy companies windfall tax relief

March 24, 2023
Fears of an energy price surge percolate through sector

Fears of an energy price surge percolate through sector

March 23, 2023

Michael Kern

Michael Kern

Michael Kern is a newswriter and editor at Safehaven.com, Oilprice.com, and a writer at Macro-Investing.com. 

More Info

Related News

By Michael Kern – May 27, 2020, 7:30 PM CDT

The coronavirus pandemic has shaken Big Oil to its core. Many companies have lost over a quarter of their value since the crisis began, and with little hope for recovery in the near term, their share prices are unlikely to bounce bank anytime soon. Despite the market madness, however, energy CEOs are still eyeing massive paydays.

Low returns and a general pushback against fossil fuels has left many major investors with little choice but to bail on Big Oil. And now as this global crisis wreaks havoc on financial markets worldwide, things are beginning to look even worse for investors that have held on.

Dividends are being cut, production is falling and the price of oil itself looks like it will be sitting in the $30 range for longer than anyone hoped – or expected.

Despite the doom and gloom, however, the executives of these entrenched energy giants are still living large, collecting massive checks for their lousy performance. 

Take Chesapeake for example. The U.S. shale behemoth saw the price of its stock fall from $852 per share to just $13.81 per share. And now it is currently struggling to deal with its some-$9 billion in debt. Chesapeake even announced that it is considering Chapter 11 bankruptcy. But just before their announcement, the company paid out $25 million in bonuses to 21 employees.

Related: Russia Overtakes Saudi Arabia As The Largest Oil Exporter To China

Devon Energy is another U.S. oil and gas producer that has managed to hand out a $1.3 million stock bonus to its CEO, while shareholders lost 40 percent of their investments.

But this trend may not last.

Investors are starting to push back, demanding that compensation for executives be capped when the company posts negative returns. 

Shawn Reynolds, a natural resources portfolio manager at asset manager VanEck noted, “Executive compensation has to reflect the experience of the long-term shareholder,” adding “You can’t expect to lose 20 percent of your stock price and get paid just because the industry loses 30 percent.”

By Michael Kern for Oilprice.com 

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Michael Kern

Michael Kern

Michael Kern is a newswriter and editor at Safehaven.com, Oilprice.com, and a writer at Macro-Investing.com. 

More Info

Related posts

Oilprice.com
  • 80% of investors end up losing money…
  • Learn how to navigate energy markets. Learn how energy insiders think.
  • Receive our cutting-edge 3-part investor education series for FREE
  • PLUS, get our Weekly Intelligence Report to stay one step ahead of the markets…
Oilprice.com





Published at Thu, 28 May 2020 00:30:00 +0000-Energy Executives See Big Payday Despite Oil Crash

Previous Post

The U.S. Navy Just Sent These Two Warships to the South China Sea

Next Post

Distillers scrambled to make hand sanitizer for free. Then the federal government

Related Posts

Libyan state oil chief stresses support across divided country

Libyan state oil chief stresses support across divided country

by Oil Market News
March 26, 2023
0

The head of Libya’s state oil company said he had the backing of both the government in Tripoli and the...

Iraq wins landmark case against Turkey over Kurdish oil exports

Iraq wins landmark case against Turkey over Kurdish oil exports

by Oil Market News
March 25, 2023
0

Iraq has won a landmark legal case against Turkey over Kurdish oil exports, which the federal government in Baghdad has...

UK government expected to offer energy companies windfall tax relief

UK government expected to offer energy companies windfall tax relief

by Oil Market News
March 24, 2023
0

Britain’s oil and gas companies are next week expected to be offered the prospect of windfall tax relief, as prime...

Fears of an energy price surge percolate through sector

Fears of an energy price surge percolate through sector

by Oil Market News
March 23, 2023
0

This article is an on-site version of our Energy Source newsletter. Sign up here to get the newsletter sent straight to...

US regulator vows ‘aggressive’ crackdown on oil and gas methane leaks

US regulator vows ‘aggressive’ crackdown on oil and gas methane leaks

by Oil Market News
March 22, 2023
0

The US’s top environmental enforcer vowed that no oil and gas systems would be “getting out of jail free” as...

Global commodity traders open to increasing Russian oil volumes

Global commodity traders open to increasing Russian oil volumes

by Oil Market News
March 21, 2023
0

Commodity traders Trafigura and Vitol have said they would consider trading more Russian oil this year if they received clear...

Next Post
Distillers scrambled to make hand sanitizer for free. Then the federal government

Distillers scrambled to make hand sanitizer for free. Then the federal government

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

Oil ends year of wild price swings with 2nd straight annual gain By Reuters

Oil ends year of wild price swings with 2nd straight annual gain By Reuters

3 months ago
Kuwait oil price up US$2.74 to US$124.36 pb

Kuwait oil price up US$2.74 to US$124.36 pb

11 months ago
Live news updates from December 9: Putin threatens to cut oil output, Bankman-Fried

Live news updates from December 9: Putin threatens to cut oil output, Bankman-Fried

4 months ago
Soybean Prices Rise: Soybean prices on the rise after stock limit removal

Soybean Prices Rise: Soybean prices on the rise after stock limit removal

5 months ago
STOCK MARKET NEWS: Uber, Pinterest jump, tech CEOs warn workers, job openings update

STOCK MARKET NEWS: Uber, Pinterest jump, tech CEOs warn workers, job openings update

8 months ago
ADVERTISEMENT
Libyan state oil chief stresses support across divided country

Libyan state oil chief stresses support across divided country

March 26, 2023

Iraq wins landmark case against Turkey over Kurdish oil exports

March 25, 2023

UK government expected to offer energy companies windfall tax relief

March 24, 2023

Fears of an energy price surge percolate through sector

March 23, 2023

US regulator vows ‘aggressive’ crackdown on oil and gas methane leaks

March 22, 2023

Global commodity traders open to increasing Russian oil volumes

March 21, 2023

Crude Oil

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

February 1, 2023
Oil rises after U.S. fuel stocks draw down; economic concerns loom

Oil prices settle steady on higher U.S. demand, weaker dollar

January 31, 2023
S&P 500 Down 1%; Crude Oil Drops Over 2%

S&P 500 Down 1%; Crude Oil Drops Over 2%

January 30, 2023
Russia Can’t Replace the Energy Market Putin Broke

Russia Can’t Replace the Energy Market Putin Broke

January 29, 2023

Investing

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

February 1, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Clean-energy investing poised to top money backing oil and gas after hitting a record

January 31, 2023
Crude Oil Shielded From Bond and Stock Market Rout

The Cushing® MLP & Infrastructure Total Return Fund Announces Fund Name Change

January 30, 2023
Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

January 29, 2023

Market

Libyan state oil chief stresses support across divided country

Libyan state oil chief stresses support across divided country

March 26, 2023
Iraq wins landmark case against Turkey over Kurdish oil exports

Iraq wins landmark case against Turkey over Kurdish oil exports

March 25, 2023
UK government expected to offer energy companies windfall tax relief

UK government expected to offer energy companies windfall tax relief

March 24, 2023
Fears of an energy price surge percolate through sector

Fears of an energy price surge percolate through sector

March 23, 2023

OPEC

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

February 1, 2023
‘OPEC does not control the price’: OPEC President | OPEC News

‘OPEC does not control the price’: OPEC President | OPEC News

January 31, 2023
OPEC+ Closely Watches Chinese Factory Data

OPEC+ Closely Watches Chinese Factory Data

January 30, 2023
Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

January 29, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.