Has everyone left the industry, or has anyone moved to Chevron and shell? Is it more of the same?
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If you do your comparison for 30 years ending in 2019, Exxon and then EM come on top, although some negative trends started around 2013 and accelerated after 2016 (less training, less respect for quality technical work, etc.).
I started with Exxon in the middle ‘90s, I was proud to work for them and I’ve learned a lot. The ranking system was always fake and stinking but overall you could have a satisfying career even if you were not a HiPo.
The last two years are completely different. EM has completely given up on quality technical work and if you’re not a HiPo then you’re just expandable gar_bage. The strategy is I get rid of people when they reach 50, before they become “expensive” and protected.
I can’t tell exactly if all oil companies have embraced the same suic_idal path in these last two years but I doubt it. The level of toxicity and despair in the company is incredible, way above historic levels.
Like most RE’s left, I will retire in 2022 when the rate for the lump sum goes up, but I can say I would not start again NOW with EM. This combination of Supervisor is God (they can drop you in NI at any time for any reason), no long-term career and bloated, endless PIP is not manageable. You have to be either desperate or a scoundrel to work at EM now.
More of the same **** at RDS and CVX, but at least there is some semblance of work-life balance at those companies (9/80, hybrid working schedule). According to our geologists we are better at actually finding oil and gas, so I guess we’ve got that going for us
In my 40 years in the industry, every person that left XOM, also left their second job and usually a third job. You are not necessarily entering a greener pasture, yet. By the time they got to their 3rd or 4th job after leaving XOM, most were doing better than had they stayed, but it was a bumpier road and most now have no pension and smaller 401ks. Most are working past 60 to catch up on retirement savings. Some made millions though. Take a chance
Yes, recently joined CVX- more transparent and honest and authentic. Lots of red tape (similar to EM), constant re-orgs.
People are treated with lot more respect and layoff package is much better than EM.
I have friends at other majors and some that formerly worked at smaller operators. The comments about more honesty and transparency around layoffs (not to mention much better separation packages) is accurate, but they all have various other problems as well. I wouldn’t recommend going anywhere in this industry if you can help it.
Yes, big difference. XOM lacks integrity. They lie about no layoffs, then disguise layoffs as PIPs and then have more layoffs.
Other oil majors have the integrity to call a layoff a layoff and be upfront about it.
The difference between EM and the the other ones is: most of the time the other ones have the decency that tell you “that”you are going to be layoff in your face and the brightest and greatest try to be smarta@ases and pretend that they acting like they do not have layoff