quote:
Dirt,
It's not really scientific. Employees are a huge expense so I was looking to see which companies have room to cut to save money.
quote:Are those employee numbers salaried/hourly workers for XOM/BP/CVX/etc.? Or do they include contract workers as well?
Some of a these companies appear to have way too many employees
XOM $417 Billion revenue - 75,000 employees
BP $337 Billion revenue - 83,900 employees
CVX $212 Billion revenue - 64,600 employees
RDS $450 Billion revenue - 90,000 employees
TOT $227 Billion revenue - 98,000 employees
Using XOM has a benchmark, some of these companies appear to have too many employees. There might be other factors involved but those with cash flow problems like BP and CVX can easily cut some people. Hopefully none of you guys.
quote:quote:Are those employee numbers salaried/hourly workers for XOM/BP/CVX/etc.? Or do they include contract workers as well?
Some of a these companies appear to have way too many employees
XOM $417 Billion revenue - 75,000 employees
BP $337 Billion revenue - 83,900 employees
CVX $212 Billion revenue - 64,600 employees
RDS $450 Billion revenue - 90,000 employees
TOT $227 Billion revenue - 98,000 employees
Using XOM has a benchmark, some of these companies appear to have too many employees. There might be other factors involved but those with cash flow problems like BP and CVX can easily cut some people. Hopefully none of you guys.
The way my company handles "employees" is we have a small number of salaried/official company employees, and then a much larger number of contract employees.
quote:The number actually seems low for RDS...I think we have over 100k now a daysquote:Are those employee numbers salaried/hourly workers for XOM/BP/CVX/etc.? Or do they include contract workers as well?
Some of a these companies appear to have way too many employees
XOM $417 Billion revenue - 75,000 employees
BP $337 Billion revenue - 83,900 employees
CVX $212 Billion revenue - 64,600 employees
RDS $450 Billion revenue - 90,000 employees
TOT $227 Billion revenue - 98,000 employees
Using XOM has a benchmark, some of these companies appear to have too many employees. There might be other factors involved but those with cash flow problems like BP and CVX can easily cut some people. Hopefully none of you guys.
The way my company handles "employees" is we have a small number of salaried/official company employees, and then a much larger number of contract employees.
quote:quote:The number actually seems low for RDS...I think we have over 100k now a daysquote:Are those employee numbers salaried/hourly workers for XOM/BP/CVX/etc.? Or do they include contract workers as well?
Some of a these companies appear to have way too many employees
XOM $417 Billion revenue - 75,000 employees
BP $337 Billion revenue - 83,900 employees
CVX $212 Billion revenue - 64,600 employees
RDS $450 Billion revenue - 90,000 employees
TOT $227 Billion revenue - 98,000 employees
Using XOM has a benchmark, some of these companies appear to have too many employees. There might be other factors involved but those with cash flow problems like BP and CVX can easily cut some people. Hopefully none of you guys.
The way my company handles "employees" is we have a small number of salaried/official company employees, and then a much larger number of contract employees.
quote:I am referring to the actual rates in the market. The actual rates do not predict the 10 yr to go much lower.quote:quote:quote:
The movement on the 10 year is incredible
Not really, most of the developed world is sub 1% on 10 year government bonds, Germany is under 0.8%. I think we are going much lower on the 10 year.
And the bond market disagrees with you at this point. Right now, they are suggesting rates to increase about 3% over the next five years and long term for rates to remain below average.
If by "bond market disagrees with me" you are referring to analysts who have been predicting higher rates for the last couple of years that never came. The "bond market" which is actual rates agrees with me and hasn't showed any signs of sustainable increases in long term rates.
quote:
"We think there's a significant amount of pain coming" to the oil industry and its service companies next year, said Praveen Narra, an analyst with Raymond James. Any recovery in U.S. drilling activity will likely take longer than usual in oil-price downturns because the decline was set off by a glut in crude supplies, rather than less demand, he said.
quote:
Some private producers, Wunderlich analyst Irene Haas wrote in a separate note, "believe that there will be more than 500 rigs idling in the next 60 days," meaning more than a quarter of active U.S. rigs will be off the market soon.
quote:
short squeeze perhaps? Not much news
quote:I get my info from fixed income managers in mutual fund industry. One in particular is californiabeachpundit.com. He is now retired, but there is a recent post with that data. I don't understand it they way you do, but that is what his summary of what the charts say. I just take his word and others together, see if it makes sense, and then go with it. I couldn't argue it well myself. Also, bond makets aren't always right, but I have found them to be more accurate than the stock market.quote:quote:I am referring to the actual rates in the market. The actual rates do not predict the 10 yr to go much lower.quote:quote:quote:
The movement on the 10 year is incredible
Not really, most of the developed world is sub 1% on 10 year government bonds, Germany is under 0.8%. I think we are going much lower on the 10 year.
And the bond market disagrees with you at this point. Right now, they are suggesting rates to increase about 3% over the next five years and long term for rates to remain below average.
If by "bond market disagrees with me" you are referring to analysts who have been predicting higher rates for the last couple of years that never came. The "bond market" which is actual rates agrees with me and hasn't showed any signs of sustainable increases in long term rates.
Well I am in the fixed income business and don't know what "actual rates are predicting higher rates" you are referring to. Enlighten me.
quote:You are right. I use both market charts to help see what the right move may be, but in my studies, the bond market appears to have less false indicators. I am not talking about Bill Gross's opinions. I am talking about the high yield spreads, yield curves, swap spread (us and Intl), etc. That with equity charts help me and my business. I do not subscribe to anything that would make me become a trader. Sorry to make it sound like I know it all or that the bond market is the only way to go.
I'm not saying their is a correct answer. If you find one, you'll prob win a Nobel prize. It's a there are 2 sides to every coin debate to open. The blanket statement is to what is I was referring.
Capital Markets is a great read for any investor. Deficit and surplus units and transformation of claims knowledge along with an understanding of the inter workings of the fed can help you see through a lot of gold plated dog .....
Don't want to derail the thread. Back to talking about the Tine.
quote:Yep. Warm winter is killing gas. Going to be ugly if we don't get some storage draw down.
A lot of oil talk but nat gas hitting new lows at $3.31
quote:
"We call on all other producers to stop the increase because the increase is harming the market," U.A.E. Energy Minister Suhail Al Mazrouei said in a separate interview at the conference. "If the increase stops, and they follow OPEC's lead, OPEC's decision is to fix production, if production stabilizes in 2015 things will stabilize much faster."
