The Idiot Index

← Back to dashboard
Sector
Labor ShareApplied to integrated oil, gas, and energy producers. COGS captures upstream extraction and downstream refining/distribution. Markup ratios in this sector are highly cyclical with commodity prices; sector medians normalize across cycles, so the composite z-score is more stable…
OrderHighest first

Labor Share in Energy · FY 2023

29 of 38 companies · highest first
  1. 1
    EXEExpand Energy
    83¢ of every $1 of revenue reaches workers
    sector median 0.0594Bottom 2%
    0.8254
    of revenue → workers
  2. 2
    SLBSchlumberger
    65¢ of every $1 of revenue reaches workers
    sector median 0.0594Bottom 5%
    0.6501
    of revenue → workers
  3. 3
    RIGTransocean
    29¢ of every $1 of revenue reaches workers
    sector median 0.0594Bottom 9%
    0.2941
    of revenue → workers
  4. 4
    BKRBaker Hughes
    26¢ of every $1 of revenue reaches workers
    sector median 0.0594Bottom 12%
    0.2593
    of revenue → workers
  5. 5
    OXYOccidental
    12¢ of every $1 of revenue reaches workers
    sector median 0.0594Bottom 16%
    0.1178
    of revenue → workers
  6. 6
    KMIKinder Morgan
    12¢ of every $1 of revenue reaches workers
    sector median 0.0594Bottom 19%
    0.1156
    of revenue → workers
  7. 7
    PRPermian Resources
    10¢ of every $1 of revenue reaches workers
    sector median 0.0594Bottom 22%
    0.0973
    of revenue → workers
  8. 8
    TPLTexas Pacific Land
    9¢ of every $1 of revenue reaches workers
    sector median 0.0594Median range
    0.0887
    of revenue → workers
  9. 9
    COPConocoPhillips
    8¢ of every $1 of revenue reaches workers
    sector median 0.0594Median range
    0.0776
    of revenue → workers
  10. 10
    KOSKosmos Energy
    7¢ of every $1 of revenue reaches workers
    sector median 0.0594Median range
    0.0731
    of revenue → workers

Not yet covered (9)

These companies are in the Energy cohort but don't have a Labor Share computed for FY 2023. Either the underlying inputs aren't tagged in their XBRL filings, the DEF 14A pay-ratio narrative didn't parse cleanly, or this fiscal year hasn't been ingested for them yet.

What this measures

Full methodology →

How much of every revenue dollar reaches workers.

Ratio
Labor Share
Sector
Energy
Methodology version
v1.0.0
Formula
TotalEmployeeCompensation / Revenue
Sector context

Applied to integrated oil, gas, and energy producers. COGS captures upstream extraction and downstream refining/distribution. Markup ratios in this sector are highly cyclical with commodity prices; sector medians normalize across cycles, so the composite z-score is more stable than any single-year ratio.

How much of revenue flows to the people creating it. Includes wages, salaries, benefits, and stock-based compensation.

When direct disclosure is missing: approximated as Headcount × Median Pay × 1.30 (1.30 grosses up base pay to fully-loaded compensation including benefits and equity). The approximation is documented per company on its detail page.

Source data: LaborAndRelatedExpense, ShareBasedCompensation (us-gaap), or EmployeeBenefitsExpense (ifrs-full). When approximated: NumberOfEmployees × disclosed median compensation.