Forget about CVX. I would rather see Exxon and Mobil split. The value of the downstream is being significantly constrained and needs to be unlocked. Need XOM stock to go up so we can all unload and cut ties to this dinosaur...
20 replies (most recent on top)
@xyp, it wasn't a merger, and at HQ, the Mobil admins did REAL well.
From the sounds of things, XOM needs to cut more of the malcontents who can’t support anything to make Exxon great again (MEGA)!
That’s very true, they are making employees come back to the office full time and you can expect to be victimized if you refuse to. You have no choice literally, gosh! Especially lubes org
I worked at ExxonMobil and Chevron and they both s—ed
Quite a mix of pros and cons.
Seems all agree that EM is done beyond forking.
Melted into the coals below.
I’m not sure of Chevron’s work from home policy these days but, someone needs to step in and put ExxonMobil management in check. Last week they held retirement/graduation celebrations as if Covid didn’t exist. People are expected to return to the office more frequently when the virus is at an all time high. Managers encouraging office sharing. Was the lay-off not enough? Now you want natural attrition (death) for employees. Take ownership of your health and sanity no matter who we make room for at the campus.
Can you please tell me what new refinery in USA that America is competing against? Also. What ROI are you talking about for facilities that have been paid off for decades?
Exxon should merge with Oxy. Similar culture and both are down in value (morally and monetarily).
Someone had a hard on for chevron
@vvj+19e0zzkk - thats exactly what needs to happen
If this ever happens, you know what CVX would do? It will flatten the org charts and have people re-apply for available positions. Historically, this is what CVX is known for. With CVX having the upper hand right now, do you think our XOM folks would survive? No! This is a complete CVX take-over, not merger.
@xyp+19e0zzkk asked:
"Ask anyone who survived the merger with Mobil how that turned out for the Mobil employees."
Ans:
Did not turn up well for most of Mobil's board member. Some were canned a few years later under the pretext of improper claims of phone bills. but for most, life carried on with some forced to leave under redundancies ie you s—, that's why.
EM ancient refineries that are on the verge of breakdown, do not a good ROI make. Please do not destroy my CVX stock by buying XOM. Pretty nice new campus in Spring is now +5 years old and the cost is now hitting the books, hell of a write down. Blaming it all on XTO purchase from 2010 is one of the keenest CFO stories ever told. Cook the books 101.
Ask anyone who survived the merger with Mobil how that turned out for the Mobil employees.
And? The people that ran that company are long dead. People that want to merge want a change in company culture, not a name only.
you do realize XOM and CVX are siblings from once big family called Standard Oil, don't you?
Chevron is not interested in anything EM has to offer.
EM will be sold off in chunks.
It currently exists in ready-for-butcher chunks (all losing money right now).
Prime chunks will be going within the next 6 months.
Final sale of the head-cheese and pickled feet by 2023.
Until then, dividends, friends. Dividends.
Several employees resigned from ExxonMobil and accepted positions at Chevron only to be terminated within 6 months. They (Chevron) didn’t care for the ExxonMobil style so, be careful what you wish for.
The grass is not always greener, and specifically with CVX it definitely isn’t