Very impressive, sigh! Do you find it as such? Well one of the Exxon loyalist on the LI feels so, excited for the first time since post covid. If nothing else, the company definitely have loyalist kooaid drinkers and diehard booklickers!
https://www.msn.com/en-us/money/companies/exxon-mobil-unveils-plans-for-energy-giant-s-future/ar-AA1vHmrb?ocid=socialshare
Have you been to India? The company is in trouble if they run the company like they run their country.
India is a great choice for cheap low standard labor because of the friendliness of the people.
At least once a week an outgoing friendly person from India offers to help me with a virus they detected on my iPad.
Exxon’s plan is to have 10000 employees in BTC by 2030. Ccurrently it may be around 1000.
one BTC emoloyee costs a third less but works harder and gets more done than 2-3 lazy, complaining and entitled US employees so that comes to around 9000*2 = 18000 jobs that should go away, if being conservative.
18000*USD 1 mil ( approx avg annual cost of US employee with overheads etc) = 18 billion USD..sounds like Kathy’s structural saving target..voila!
This calculation considers BTC emoloyee as a third of the cost, which really is even lower but if BTC keeps getting healthy increases, which they deserve, to retain talent then a third as cost of BTV emoloyees makes sense
sad but true
Seems there is a reason that country is such a lower standard, but what is the reason?
Why are those people willing to do professional work for manual labor wages?
Also, why are most internet scams perpetrated from there?
I had a BTC engineer ask me to call vendors in USA and Europe for him to introduce him because every time they heard his voice on the phone they hung up on him!
listen you first worlder — your granddad probably ran away from your third world country home and settled in the US to make a new start, a land grabbed after worlds biggest wiling out of humans that no one likes to talk about. Not your fault but at least be grateful for what you have.
You are not special, you are just lucky. So behave like a himan and not like an animal. The whole world deserves progress and good lifestyle and no one is doing this for charity. Exxon NEEDS the same third world country to go and proudly boast to investors of you first world country to stay in the first world.
Read history and economics bubba
EM plan for future is to hire low quality staff in a 3rd world country and pay them poverty level wages for sub par work.
Doubling down with purchasing low quality products from same third world child labor factories.
Tripling down with Engineering performed in same 3rd world dump.
Quadrupling down with plans for large scale fabrication in same 3rd world country with safety and quality records expected from flip flop swear shops.
Recipe for disaster.
EM will find out sooner or later why that country, with so much potential, has never achieved even mediocre status in any category outside of internet scamming.
Meh!
Is XOM going to zig or zag this time? It worked out so well last time.