Thread regarding ExxonMobil Corp. layoffs

@2yem+1jiaMcPp Agree. That fact that we can’t operate assets says more about our management and how awful we are at business. Billings made money and good money but did struggle some with reliability. XOM hides behind stuff like our vision and overall strategy and we manage change but can’t admit that record profits have nothing to do with much of anything as the result of management. For example, the market price of crude or natural gas price spreads in the USA vs global and a cheap raw material for ethylene production.

The only thing management is really driving is a reduction in head count in HC10 and migration to low cost lower skilled business centers. This will come back and bite the company later but after the current management has cashed in an moved on. It will take many years for the company to build back the skill positions they are destroying.

One Team One Goal - right!

What happens to all the pension benefits especially for those approaching 55 years.

Ask the folks at Chalmette or Torrance how that worked out for them and how the company treated them.

Others can run our assets profitably…and in many cases, grow our assets to be stand-out facilities. Our company should look at that and take it to heart. We sell things because we are quiet awful business men/women. We have a long history of failing our assets, and making short-sighted divestment decisions. But since we cannot seem to improve, it might be the best thing for those assets and people to be run by a company that can do them justice. Sad truth for EM.

@1lah+1, can you please tell me what you have been smoking. I would like some. Asking for a friend. Thanks in advance.

They need to sell Billings, Joliet and Beaumont, all cr-p refineries

Fifty percent of our refinery assets around the world have not made a dime in the last decade. If the price was right, we would sell these assets.

EMTEC will get a lot smaller as our refinery assets are sold and the cost to support the remaining EMTEC personnel will be an undue burden to the refinery and chemical plant assets that remain.

There are literally 2 expats in Billings right now…?

Billings is too small for Exxon to operate the way they do the other plants with bloated manager ranks and hierarchical decision making from Houston. This ought to be a good change for plant operation. Sucks PP doesn't have a pension for the guys/gals changing shirts though. PBF turned Torrence around. Let's face it, Exxon is poor at managing its business.

Writing's on the wall for Billings for a very long time. They have been loading Billings up with Canadian expats the last 5 years. I guess there will be an influx of Imperial musical chairs rounds after this.

Well that sucks. Gotta build a bunch of net zero plants that depend on taxpayer handouts to make money. Great plan!

Joliet makes a lot of money today but what are the projections 5-10 years out when they don’t have a crude advantage. The company might be looking to sell when property can command a high price. That and it doesn’t have a chemical plant. And let’s face it, we are becoming a natural gas and plastic company.

Joliet makes too much money to be sold.

Going to sell our way into net zero. Low carbon solutions right here ladies and gentlemen!

Annandale next.

FOS is next on deck.

Joliet is on deck

I didn’t know Gloria was sick?

Sic transit gloria mundi