Thread regarding ExxonMobil Corp. layoffs

Exodus?

Starting to see an exodus from Clinton. Lots of people abandoning the sinking ship. Are other sites seeing this?

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Post ID: @OP+18WQf0Ey

22 replies (most recent on top)

But seriously - do you get more money for Plus/Minus vote ticks?
I can cut and paste from any script, but creativity is my style.
Think that might cut into your lobby style.

Hup Hup Exxon.
Wall Street Liars.
Oil Control.
(just some examples - please refer me to your masters.)

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Post ID: @2okm+18WQf0Ey

@2ghu+18WQf0Ey

Sorry, no room at the inn, but I can get you a prime slot on the next PiP list. Interested?

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Post ID: @2qyj+18WQf0Ey

@2bts and @2knm
Positive company statements on Layoff board.

Is that a paid gig?
Can I get one...

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Post ID: @2ghu+18WQf0Ey

"Just seven years ago, Exxon was the biggest U.S. company by market capitalization. It has since lost roughly 60% of its value, with its market cap now at around $160 billion...” -WSJ. EM has become a laughingstock".

BREAKING NEWS CORRECTION: "XOM stock has rebounded 50% since October lows, with market cap now approaching $220 billion. Investors are betting that XOM is positioned to continue showing improved financials in 2021, with management taking necessary steps to continue an announced program of further expenses reductions and capital discipline. XOM has become a leading pick for analysts bullish on the strength of XOM's developments in Guyana and the Permian Basin".

WHOO HOOO

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Post ID: @2bts+18WQf0Ey

@1qwa+18WQf0Ey

Today, renewables are driven by policy, subsidies and speculative investment. Three powerful factors, but none guarantee long-term viability or success. There are many, many studies and actual case histories showing that renewables are unreliable and dramatically increase total energy costs over time. Likewise, there are many studies claiming that renewables will completely replace fossil fuels within 30 years. You can jump up and down in a mud puddle screaming "renewables rule" as long as you wish, but in the end, all you have is a muddy hole, nothing more. No one knows how these competing energy sources will play out in the future.

My guess is that oil will settle in the range of $60-70/bbl over the long term, allowing oil and gas companies to prosper, provide a nice ROI, and continue to dominate the energy supply worldwide. Not priced so high as to open the door to renewables becoming a major factor, but high enough to comfortably exceed break-even costs and to keep investors very happy. Of course, I may be dead wrong. So might you.

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Post ID: @2knm+18WQf0Ey

Technology and Worker Safety are not needed by EM.
Goons making payoffs to corrupt regimes - that is where it is at.

Don't worry - Auntie EM knows what she is doing.
That tornado was just a dream.

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Post ID: @1cse+18WQf0Ey

Once you are laid off, your career and pay will never recover. Go home and start building a new career as the owner of a snow cone stand in Houston’s 3rd Ward.

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Post ID: @1wmr+18WQf0Ey

@1urr+18WQf0Ey

Do you describe this as a resounding success? Such arrogance and ignorance will cost ExxonMobil dearly.

“Just seven years ago, Exxon was the biggest U.S. company by market capitalization. It has since lost roughly 60% of its value, with its market cap now at around $160 billion...” -WSJ.

EM has become a laughingstock.

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Post ID: @1hwf+18WQf0Ey

The world still uses coal. Does anybody here want to work at a coal company?
Oil and gas prices will recover in the short term, and many other oil and gas companies will recover too. But ExxonMobil will not recover so easily, because it is a very poorly managed company. There will be a price to pay for the management’s hubris and incompetence.

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Post ID: @1mpc+18WQf0Ey

@1qwa+18WQf0Ey

Little too defensive? Ah, one of those again. I won’t bother insulting or educating you. Don’t need to. Time will tell. BTW, how did you brew that coffee you want me to smell? With some fossil fuel generated electricity? Shame on you. LOL

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Post ID: @1iah+18WQf0Ey

“Sinking ship.” What an ignorant comment .

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Post ID: @1urr+18WQf0Ey

It is called a bust, or downturn. Happens every few years, and as painful as it usually is, companies usually come out stronger. EM has cut expenses and finally exercised capex discipline, which is exactly what was needed. 2-3 good quarters and all will be well. It’s all about oil and gas prices and break-even costs. EM isn’t going away, nor fossil fuels. Average consumers won’t be financially able or willing to switch to high cost renewables on a grand scale. But, invest where you want. Time will tell.

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Post ID: @1krc+18WQf0Ey

EM is becoming slowly but steadily irrelevant. Granted they are too big to fail in the near term, but they are nonetheless failing, and will likely fade away over the next 2-3 decades. The most likely scenario is that they will become a low cost supplier of natural gas and polyethylene, while the demand for fossil fuel based products peaks over this decade and slowly declines. DW and his friends are going to milk it for as long as they can and retire well, so they have no incentive to reinvent or adapt. There is no reason to believe Neil Chapman will do anything differently. Unless EM gets external and real leadership, which is also unlikely given the board’s support for the current regime, the decline is most likely irreversible. In this scenario, EM does not need a research organization in the long term. They might still keep Clinton for the next several years, at least to make algae commercials, but most likely will reduce budget and personnel over time. Anybody who does not expect to retire within the next 10 years should think hard about their future at EM.

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Post ID: @1phw+18WQf0Ey

Exodus is real. Clinton, CSR Crusader was right about everything all along.

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Post ID: @1nos+18WQf0Ey

Wow
It is hard to believe people who are employed are so horrible that they STILL come to layoff boards to make fun of Mai people. We all know a lot of the nsi’s are bill but the immaturity and disgust for a person with a job to make fun of others who lost their jobs in this economy is so repulsive. It shows that there were in fact at least some some bad decisions in the ones they chose to keep.

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Post ID: @fgk+18WQf0Ey

Counted 8 colleagues in the 30-40 year range.. not retirees not bottom performers.. just people not looking at a career at EM or the oil industry any more..

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Post ID: @ypg+18WQf0Ey

Exodus is real. I’ve been getting farewell emails and also getting job change notifications on LinkedIn.

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Post ID: @bse+18WQf0Ey

I’m seeing people leave and know of many others who are applying outside to try leave on their own timing. The PIP is coming. Do the math. Everyone’s ranking is about to drop. When your ranking drops you also become overpaid so kiss any raise goodbye for many many years. Situation won’t improve until we start hiring and growing again. When that will be is anyone’s guess.

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Post ID: @vnh+18WQf0Ey

Is it a law if the universe that every online thread eventually becomes a critique of spelling, grammar, and punctuation / name calling?

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Post ID: @xpz+18WQf0Ey

Annandale is not a viable site, they have not contributed anything to the corporation for years, for what it’s costing. The site needs to be sold, most productive thing going on there is growing corn and soybeans. Site study should start Monday “we are a technology company” are you kidding 350 on site a day place is toast. Johnny Quest’s friend should be the first NSI this summer. CSR is broken. PPLE is a joke.

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Post ID: @wsb+18WQf0Ey

Nah.. many supervisors in Chemicals felt safe.. we will know after the lunar new year! Love to see how the story of the ant and grasshopper.. EM edition!

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Post ID: @nvl+18WQf0Ey

How many left?

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Post ID: @fvd+18WQf0Ey

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