Thread regarding ExxonMobil Corp. layoffs

What Will Our Crystal Ball Look Like in 2023 Regarding Headcount, ROCE, and R&D Expenses?

Source: ExxonMobil Investors Day Meetings

Year Regular Employees
2015 73,500
2016 71,100
2017 69,600
2018 71,000
2019 74,900
2020 72,000
2021 63,000
2022 tbd
2023 50,000 (estimate)

Year Return on Capital Employed
2015 7.9
2016 3.9
2017 9.0
2018 9.2
2019 6.5
2020 (9.3)
2021 10.9
2022 tbd
2023 tbd

Year Research and Development Costs (in millions)
2015 $1,008
2016 $1,058
2017 $1,063
2018 $1,116
2019 $1,214
2020 $1,016
2021 $843
2022 tbd
2023 tbd

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Post ID: @OP+1fs2QkPM

10 replies (most recent on top)

EM’s crystal ball will be a crazy 8 ball

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Post ID: @4vyz+1fs2QkPM

Great quote from posting below:

“Using Crazy 8 Ball would lead to more successful decisions”

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Post ID: @1xgs+1fs2QkPM

All Executives involved with the surge of 5000 employee additions 2017 to 2019 should be PIP’d.

Those id--ts were ramping up employees at the same time as making plans to transition work to BTC.

I bet those same Executives approved the LNG import terminal shortly after approving development of enough gas to export LNG.

Using crazy 8 ball would lead to more successful decisions.

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Post ID: @1afk+1fs2QkPM

All supervisors and managers and VPs fired and booted off the island

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Post ID: @1mdr+1fs2QkPM
  1. 1 CEO DW 10,000 robot dog army
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Post ID: @1utz+1fs2QkPM

Past time to shudder the high cost Research location known as Annandale, nothing to see here, Run till failure . Contractors utopia…….employees leaving every week.

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Post ID: @1lwn+1fs2QkPM

Trim some upper fat on the Texas chemical side lots of created positions that serve no real purpose.

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Post ID: @wtf+1fs2QkPM

The goal is 50k employees and no longer need for research (at least in the US). Some gimmick to pretend we develop the Guyanese workforce and their universities, but no real research needed to peddle algea, and other make believe “solutions”.

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Post ID: @twp+1fs2QkPM

Nice analysis. Not sure if continued cutting of employees makes sense when crudes trading at $100 and perhaps will stay high.

I am sure our competitors, esp the smaller ones will start poaching our people.

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Post ID: @jib+1fs2QkPM

What is the number of RE (55 and +) employees among the current 63,000? Does anyone know?

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Post ID: @imb+1fs2QkPM

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