Thread regarding ExxonMobil Corp. layoffs

“ We all know that the investments won't come to the US. They will be in India.”

You really think that the Permian, Guyana, Baytown etc are all in India….. Wow. Let me guess, your education stems from a US high school in a southern state…..

Darren has zero credibility. Don't believe anything he says. We all know that the investments won't come to the US. They will be in India. So, the money Exxon will make by selling every asset in Europe will go back to the US investors and to India. That simple.

@1iiw Keep licking that corporate boot.

Was value returned to you directly through stock buybacks? If not, you’re on the wrong side of the conversation.

Lobbying, bribery and such are a bit more constrained in Europe than USA.
Harder to get carbon capture kickbacks in that enviro.
Etc.

If they could do it all in Texas, they would.
EM's promised land.

My god. To the person speaking about Canadians and Europeans not knowing any better on how to vote for their countries: yes, we do…. We’re just not AS self centered and selfish. We care about the future of the planet and our children. We tend to have more faith in science (globally) and take future states and the health of our societies into account.

This is perhaps one of the best examples of frustrating American exceptionalism that I’ve seen recently.

"Exxon to expand US operations while destroying the US to export jobs to India." Offshoring jobs is going to literally blow up in Exxon's face. Exxon and the railroads are both headed for their own 737 MAX disasters.

Why would any responsible CEO invest in a country or continent that demonizes it and wants to shut it down? Any oil company that invests in Europe or Canada should be sued for malpractice by the shareholders, yes…owners.

The CEO is paid and has an obligation to operate within the laws of the countries it operates to maximize shareholder value, not be a punching bag and ATM for an ignorant and corrupt government.

Europe and Canada will continue to pay much higher prices than the U.S. for everything. Shortages of energy will lead to people freezing during the winter and food shortages, of course, theirs and our ignorant politicians will blame it on climate change instead of their war on oil.

I hate to see the coming demise and destruction because I like Europe and Canada…nice people, beautiful countries, unfortunately the people don’t seem to know any better and keep voting in politicians who are destroying the countries. The U.S. is heading down the same path, hopefully the U.S. wakes up after seeing what is going on in Europe.

Of course ExxonMobil will get out of Europe. The taxes, proposed windfall profits tax, political environment against oil and gas, socialist rules, lax work ethic, etc, etc, etc. ExxonMobil will continue to shrink to meet the declining demand and will continue to invest in expansions in Baytown, Baton Rouge, Beaumont, and Singapore to reduce unit costs. Expansion will continue in China, but to a lesser extent than in the U.S. due to the uncertainty. All the rest will be sold or eventually shut down. The U.S. has some of the same problems as Europe and Canada, but to a lesser extent. Europe is on a downward death spiral for business. Expect to see two refineries sold this year.

Good. Europe doesn’t want you. Hopefully you’ll also stop lobbying against climate-favorable policy in the EU. Bye bye, good riddance. You soulless tw-t