I know a lot of people who left XOM in the past year and almost all of them found a job outside the O&G industry. It’s obvious that all of those people were actively looking for other jobs while still employed at the company, which brings me to the conclusion that they were eager to switch industries.
Do people really feel that the golden days of O& are behind us and that it is a wise move to escape?
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Yes. Past time in fact.
yes leave
Good days are behind us and the industry. We won't ever return to the way things were prior to COVID. Company is moving jobs out of North America, Europe, and Australia for low cost locations. It is only a matter of time before everyone has trained their replacement at the BTC and is suddenly told they are a low performer. Plan your exit strategy. Get training, skills up to date, start looking for a new job. Better to pick your timing than to be kicked out with no plan in place.
15 year employee here - best times are over. I’ll say it’s even worse than 2008. At that time, pay was frozen but management project confidence and wasn’t f—ing around with employees. Now it’s different.
Read and research. Look at what long sighted investors are doing.
Did you really ask this?
This is one of the most discussed stoically on Thai board. The answer is yessssss. Oil is on the decline. Natural gas is around to stay, however like will take the majority of jobs with it.
Did you really ask this?
This is one of the most discussed stoically on Thai board. The answer is yessssss. Oil is on the decline. Natural gas is around to stay, however like will take the majority of jobs with it.
Leave! I left and work for a company that is virtually all work from home at this point. I am sure many companies are going to realize the amount of savings not only for them but also for their employees to not have to drive to work everyday. The work-from-home Revolution is what will k–l oil and gas in a long run.
What : @dab+1aeKX9v2 doesn’t say Ian that in this race to the bottom in this declining industry, our future looks like the past of those others who struggled or were whipped out.
It’s a leaner and slimmer company, either in waste management or niche fuels.
Big fat margins are a thing of the past. Lavish opportunities for big projects will be rare. And all that before denial catches up to us. Both it is taking a toll on our capacity to compete, but you can’t rule out that legal issues will continue to mount.
So, if you’re a lawyer probably wise to stay. Otherwise, the risk of being stranded for the last ten years of my career make this gamble not worth it.
Time for you to go to your sls and ask for a 25% raise. Tell them the economy is improving, and all about the job postings online. Reference layoffs.com. If they say no, quit your job and work at your local Tim Hortons. You’ll be so liberated.
Time for you to move out your parents basement
Clearly EM management made a major mistake trying to disguise a layoff as a performance issue and used PiP/PiL to avoid paying an industry standard severance package. It was shameful and short-sighted, even with the ongoing financial crisis due to Covid. That one move destroyed a lot of trust among the workforce, and justifiably so. Worse, don't expect EM to aver admit to it, and in fact they may use it again. EM has always done things their way believing they are always right.
But, for those of you still employed, think carefully whether this is enough of an issue to quit over. As so the company match. EM was struggling financially and made some necessary decisions, along with some bone-headed decisions.
The trolls here bait and push endlessly for people to leave EM and go to greener pastures. Consider why they care so much, and why they don't leave. It's because they probably never worked for EM, and just want to spread unhappiness and turmoil everywhere. That is their sad life. So be smart and think things out carefully. Don't make emotional decisions. If leaving is best for YOU, so be it. But be sure about it, and not overly influenced by a bunch of anonymous posters that may or may not have your best interests at heart. This is true about EM or whomever you work for. Lots of people just stirring the pot now days. Be cautious and do your own research. Much of what you read is simply untrue. Good luck to all.
Golden days are probably behind us, but the wiseness of escape is on a case by case basis. Despite what people loudly proclaim on here, we have some damn good salaries.
If you’re mid-to-late career, it’s tough to justify uprooting your entire life and (potentially) taking a lower salary because of a vague feeling that the industry won’t have as much business class travel in 2030. Even if you’re early career, it’s wise to understand that we’ve just had one VERY bad year due largely to a once in a century pandemic. Temporary us pension of the 401k match and no raises for a year is not (yet) a tragedy. We’ve been much luckier than others in our industry over the years.