Start with MW and then see where you want to stop.
Clearly shows we have no plans. Analysts are downgrading our stocks.
Market is looking weak, it would be bloodbath in 2025. Only thing that keeps oil price from falling is war with Iran. Looks like Saudi’s are playing games to get that started.
The majority shareholders are getting exactly what they want from MW. He's ensuring that the dividend is stable and paid on time. Keeping the stock price steady is secondary and can change depending on what the rest of the market does. He'll get a pass if the market falls and the stock goes down because that is out of his control. He's meeting the other conditions by pulling Sr. managements favorite lever: layoffs. It's the easy way to run the company. Use intimidation and threat of job loss to keep people in line. If you leave, they can find some else for less money. Less burden to the payroll makes the financials more favorable for his cause. He'll eventually reach a point of no return but MW will probably be long gone before that.
With this insane amount of offshoring where does Mike Wirth and other execs think their grandchildren will work? I don’t get how we can sell out Americans like this. Sad.
I didn’t realize MW reads and posts here ! MW also does same, reads LI posts of Exxon and copies their “strategy”. We don’t need to pay you millions for what a campus grad can do. Chevron has no competitive advantages and is run by headless monkeys
Start with @OP and see where we want to stop would be a much better approach. We need to keep the people who actually perform and get rid of those who think that they are getting paid to surf all day and post nonsense on the layoff boards.
Mike Wirth needs to go!
It’s going to be ugly and MW would use it as excuse to be there to stabilize the sinking ship. More $$ for him. Offshoring will continue
more US oil coming on to the market and OPEC opening up the taps in 2025