https://mobile.reuters.com/article/amp/idUSKBN2942DV
Not sure how we can still afford the dividend going forward. DW has some fire sales going on with assets?
12 replies (most recent on top)
Another Enron in the making.. funny how karma comes back to haunt DW for hinting to us that Chevon is like Enron.. now who has dirt on his face!
I’m spending my time working for the next performance assessment. Working can come in the form of being ahead of others or! Dragging them down.. both are equally important strategies
May the best man wins!
Major write-off is long due. I am ready to invest if the stock price tumbles well below from it's current extraordinarily high valued of $40
CEO's bonus is linked to keeping the stock price up. If dividend gets cut, stock price will drop and CEO bonus suffers. There is no way CEO will take money out of his pocket because he has to pay for his many houses, cars, private jets, private college education. Just the announcement of cutting headcount will cause the stock to bump up.
Just keep borrowing money to pay the dividends.. DW has no other ways out.. what can go wrong?
I see the problem. You don’t even know that you need an apostrophe in “won’t”.
Apparently NSI don't understand that sarcasm wont come through via a message.
Apparently, XOM employees don’t get sarcasm.
And XOM are not the best and the brightest as most demonstrated by holding onto a stock that needs significant improvement for a decade.
If we assume all the employees/contractors cut through YE 2021 had an average cost to the company of 200k (way conservative)
14,000 employees @ 200k TR is only 2.8 billion. A years salary of headcount reductions is not even enough to cover the dividend for 1 quarter ($0.87/share with 4.27 billion shares outstanding = $3.7 billion/quarter payment). This is ignoring the fact that we are now HIRING employees in lower cost locations to off set the workload lost the headcount reductions.
There is zero way we can cut enough employees to fund the divided. I always though ExxonMobil employees were the best and brightest. Your comment proves our employees can't do simple math and just talk out their a–.
Don’t worry. Dividend is sacrosanct. They will axe more employees if necessary to pay the dividend.
Many assets were held onto for too long. Who would want to buy an end of life asset and then have to pay for abandonment? The market decides what a “reasonable” offer is. We are not successful in divestment space because we think we are entitled to more than the market is willing to offer. Also timing is aweful. Of course you will get less when you try sell in the middle of a global pandemic and economic downturn.
Kind of like XOM employees holding onto XOM stock because they don’t like the current market price...even though they’d be better off selling and reinvesting in growth stocks.
Chad, EG, Indonesia, Bass Strait have been on the block for quite some tome. No reasonable offers.