I retired from Shell 2 yrs ago at 54. Am single (widower): I pay $125 per month for Shell HSM plan (80%). Shell pays $500 per month to the insurance co., to subsidize me. Shell has great benefits. Shell put 10% into my retirement fund each year I had at least 10 yrs of service. They did that even when I contributed zero.
re: retirement medical. Last year, BP announced that it would no longer subsidize medical insurance for people who retire with a hire date after June 06. In other words, the benefits will be provided, but those retirees will pay 100% of the cost. Perhaps this amounts to hair-splitting, since the cost is so high as to be virtually unavailable to a retiree. Stated even more simply: everyone loses.
> it also looks like 5M bpd of new production
> will hit in next 18-24 months.
You won't even notice it after the 3.8 MMb/d/year or so decline of the existing worldwide production base
Looks like the BP/Shell rumors have died down again, anyway.
note 80 to 70 ups your cost 50% -- I currently pay 376/month for blue cross HMO - They promised they would pay 80% if you had enough points (age + service) -- they lied -- classy company aren't they.