Thread regarding ExxonMobil Corp. layoffs

CS&I is implemented. All employees terminated. The company will be run by robo dogs all reporting to DW.

Dubya Dubya Three.
Maybe EM is the Krupps this time.
But Krupps is still around, right?
Coffee grinders and such.

1. PiP target of 8% gets leaked again in early April 2022.
2. Video from corporate HR and the MC describing how 99% of people pass the PIP and it’s “really to help develop you” comes out April 15th.
3. ~10% wave of regretted attrition occurs in May 2022.
4. Corporate orders management to conduct “stay here” meetings before PDS season.
5. When rolling out communication for PDS 2022 - managers are asked by line workers if we’re still going to do the 8% PIP since we already lost another 10%.
6. Managers realize they’ve lost 10% of the workforce and then ask corporate if we’re still doing 8% PIP.
7. Corporate tells managers - any supervisor, Manager, DH, Director, VP, or leader with less than 4 direct reports on 10/1/2022 gets canned by EOY 2022 - because we can just absorb that workload with other “leaders” who don’t do any real work anyways.

There will be major sales on the fuels side. Outside of the South, say goodbye to many of the terminals and pipelines. And maybe Billings will finally be sold.

1. I get pip'd
2. I don't give a f..k
3. I pass pip
4. I don't give a f..k

My hope is that Exxon goes out of business and/or becomes irrelevant, along with their bonesaw-wielding psychopathic despot friends in the middle eastern kingdoms.

Contact execs were eliminated years ago. We were ahead of the game in installing Contactless execs.

My hope is that Exxon goes out of business and/or becomes irrelevant, along with their bonesaw-wielding psychotic despot friends in the middle eastern kingdoms.

CO2 from CC will be like H2S today from HDS. Think if EM is making money from the byproduct or who is making money.
To say it differently, there will be just a processing fee, a little like trash collection. Yes, CCS is a vision to turn EM into a trash collector.

@1kc0

https://www.vox.com/energy-and-environment/2019/11/13/20839531/climate-change-industry-co2-carbon-capture-utilization-storage-ccu

On Item (1):

The CEO probably isn’t going anywhere in 2022. EM and the industry at large are in the midst of a soft-restructuring, and changing horses in the middle of a race is usually a bad move.

In general, when a CEO steps down, they’re replaced by someone who is at the same level of competence or slightly less so, albeit with matching qualifications. There isn’t a large pool of executive talent to draw from, so don’t expect much in 2022, or during any other year.

I have no background in the science behind CCS, but I have a really weird feeling that by the time we build out all of the infrastructure to store carbon, there will be some amazing use case that somebody comes up with besides just mass injecting it back into the earth. And we will have gone all in building out the storage, which then becomes useless.

Unless a carbon tax is instituted, CCUS is inherently uneconomic. A money loser. Period. Even the flake new board members should understand this. To sequester CO2 will require massive investments: gathering the CO2, compressing it, building pipelines to new offshore GOM facilities, drilling the wells to inject it (prob need to be fairly deep), etc. I’ve never seen us/the world gaslight ourselves so hard on these basic facts.

I think all of your listed predictions, while interesting, are just too provocative and unrealistic.

My predictions are much less interesting:

• next years raises to be at a slight premium to this year (think 1-2%)
• divestment of major downstream assets in Europe
• attrition to hold steady at this years levels
• no major renewable investments (including large scale CCUS)

I think 1-3 & 7 are unlikely to happen while 4-6 are very very likely.