Thread regarding ExxonMobil Corp. layoffs

On a spending topic: page 23 of 2019 Summary Annual Report. 2.5 million acres for $3-4B (price of the entry into contry with questionable ecomonics due to aggressive government take, GOM could of been easier) to get to 2025 vision. Did you hear about any big ExxonMobil discoveries in Brazil?

At this point. PBF is in a better financial place the exxonmobil is. Is it that much of a loss to be sold off into a less toxic environment?

That is an interesting way to look at it, thank you. Presume we can all conclude some major multi-billion asset sales are coming to make the balance sheet work.

Why did we spend over $1 billion on a butyl plant in Singapore that has never been commercially operated?

Why have we sunk over half a billion $ (and counting) into an elastomers plant in Baytown that will never run (poor design)?

But also, why did we spend $10B on the Spring Campus?

@evo hit the nail on the head. Headcount reductions isn’t just about the dividend. There’s not enough work. This isn’t a charity. It’s a business.

Wow. So insightful. You figured out how basic staffing works

Here's another thought experiment. With much capital and expense work being kicked out of the next year / years, where is all the work that our employees would supposedly be doing? Why do we need so many people at the company sitting around, getting paid, doing nothing of real value to the corporation?

What if, the headcount reductions is mainly to make up for the lack of work? What if the HW3 and TMTS is to adjust the company workforce to be more efficient. What about the company not using headcount to make up the difference in dividend.

That's not a thought experiment.

You simply thought you saw a putty cat.
And you did.
It was neither dead nor alive.
Maybe that's the experiment part.

Nothing like kicking while their down right