https://www.bbc.com/news/blogs-trending-59070451 The question of responsibility for the effects of global warming is - slowly - being tested in court. One case in Massachusetts is using consumer laws to take on oil giant ExxonMobil. If the US state... — read more
PIPs
Who has the final say in whether an employee is put on PIP or not? I'm starting to think that instead of being a tool to weed out the low performers, PIPs are being used by managers to get rid of employees they don't like for this or that reason. Is... — read more
EMIT's days are numbered, leave while you can
There is a 6:1 Needs to Avails for EMIT. Pretty rough since they will only allow about a dozen hires in the US and it seems there is a strong push from Management to reduce the number of people in the US in favor of growing the GBC's (Brazil... — read more
Petty nickel and dime actions
Company continues to remove petty benefits to spite employees. Latest example removing employee discount for surviving spouses and reducing eligible dependents from all to only two.
Need HR Overhaul
Having very bad experiences with a couple of external hires placed into wrong positions by management. I don’t have anything against external hires because I’m one myself. In one case the person got the promotion because he took credit for work of... — read more
Deep Present: Done PiLd, last check in hopper, and that's all folks
Last full-time pay and vacation payout in the past week. 401K fully divested of XOM - pre-tax and general dump. Lump-summed into external IRA for the 20 year stint. Medical for 2 set up is the only tie that binds. But legally ok. So for once in life... — read more
Houston Reservoir Engineering Positions
Exxon has been promoting Reservoir Engineering positions in Houston on LinkedIn for experienced hires, and I've had a recruiter reach out to me regarding one of them. Just curious if anyone had any insight into these positions, I didn't think this... — read more
How far is Exxon from being Ex-con?
With an arrogant and incompetent management and a decent fraction of employees that survive on frivolous fraudulent activities, how long before the yesteryears of Exxon becomes a present day Ex-con?
Will XOM become next Kodak?
The company will soon become a because case in business, regardless of whether it survives or not. If it survives it will become a case study on how bad its culture is, extreme politics, diversity but no inclusion, and the iconic lieing that... — read more
Want a Raise?
Buy call options on XOM. Don’t forget to disclose during your annual compliance statement after you make your purchase.
Positive Feedback Loop
In full effect in Uncon. https://www.cnbc.com/amp/2021/11/05/the-vicious-job-market-feedback-loop-making-great-resignation-worse.html
EM’s Culture of Hypocrisy
In any corporation, when a Big Boss says he wants something done “that way”, underlings execute. But at EM there’s more: the underlings immediately commission a comprehensive study that will show that “that way” is the best possible way, then they ... — read more
Rex’s Tree: Myth vs Fact
What is the full story? The real story? Is this a tale of a man’s arboreal conquest? Was this tree forcibly planted in an unknown land and died a death of despair?
Executive Discrimination
Has anyone been the target of executive level discrimination? How did you respond? I had one executive tell me as a white male that I should expect to get passed over for promotions and stay in positions longer because I am a white male. I did not... — read more
Thanks for the entertainment
Recently resigned and have greatly enjoyed this XOM layoff thread. Multiple times, the news I got here was faster and more accurate than the usual, formal channels. And the trolls (on all sides) here add a nice extra dimension to the Dilbert-like... — read more
Anyone lefts to other IOCs?
Has everyone left the industry, or has anyone moved to Chevron and shell? Is it more of the same?
401k Dividend Payout Question - Not retirement eligible
I have alway reinvested the dividend in the 401k plan. If you elect to get distribution checks mailed to you, are you penalized if you’re not yet retirement eligible, or are you just taxed at normal income level rates?
Flawed performance assessment system
I have always received positive feedback on my performance (always top 3rd) except the last one. I got a feedback of NI but not PIP. I have no freaking idea why NI. It was insulting. Last year was stellar in terms of meeting all the goals and... — read more
Is it time to sell our campus to Chevron?
Is it time? Why do we have a amazing campus but a trash balance sheet? We are honestly struggling to move anywhere, we have people quitting left and right (from people who just started a year or two ago) to people who have been with the company for... — read more
I have 10 more days in PIP but I want to quit.
My boss told me that I will pass PIP, but at this time I want to quit anyway. Should I wait till the PIP is over and then turn in the resignation letter? I thought about quitting immediately but I don't want that the company terminate my employment... — read more
Just be honest
Every day on LinkedIn I get 3-5 posts on my feed of people leaving Exxon, smiling in front of the cube extolling the fantastic work experience at the company. People at XOM can’t even be honest - even when they have left the building. As an... — read more
Exxon warns some assets may be at risk for impairment due to climate change
November 3, 2021 By Sabrina Valle Reuters.com HOUSTON, Nov 3 (Reuters) - Exxon Mobil Corp (XOM.N) on Wednesday said for the first time in a securities filingthat some of its oil and gas properties may face impairment due to climate change. The... — read more
Lame attempt to lift morale
Many managers encouraged employees to come dressed in Halloween costumes. This was their lame attempt to lift morale. I haven’t seen a more tone deaf and pathetic bunch of loser managers. After years of abusing, pipping off and laying off employees... — read more
Lack of leadership
Why do managers continue to put unqualified people into roles as “development opportunities”? I thought the objective is to accelerate and achieve results. Is this favoritism at work? Or is this a training ground? Or a power grab to create... — read more
Tides may be turning /s
https://seekingalpha.com/article/4464818-exxon-mobil-moving-past-dividend-cut-arguments Exxon Mobil has been a whipping boy in the financial press. Sentiment is starting to change. Q3 2021 results were exquisite in many ways, with positives... — read more
Volunteer as tribute?
I am disillusioned with the company and looking for other jobs. Was considering though sticking around til next cycle to volunteer as PIP tribute to get the PIL and take one for the team. While I don’t think anyone’s safe anymore, I’m historically... — read more
You whiners just don't understand the world!
Look, here's the reality. Every company that has ever existed anywhere is trying to ki-l you. I've working for 892 companies, and every single one has forced ranking, high-percentage PIPs, and genocide. If you are looking for greener grass, just know... — read more
Exxon to Sell Black Sea Gas Stake to Romania for $1 Billion
By Irina Vilcu and Kevin Crowley Updated on November 2, 2021, 2:38 PM CDT Source: Bloomberg Exxon Mobil Corp. agreed to sell its 50% stake in a deepwater natural gas project in the Black Sea to Romania’s state-owned Romgaz SA for $1.06 billion. The... — read more
Why so many are walking away
One of the reasons I got out was the unbelievable way the C Suite rewarded themselves yet hung everyone else out to dry. Borrowing to pay the dividend since it lines their pockets with millions along with the bonuses while layoffs and PIPs were... — read more
EM’s troll farm greatest hits II
Folks, we’ve got fresh material served by friendly managers crawling out of the woodwork after dark: Forced ranking at the end of the day is how every company works All of these complaints about sponsors and brownosing is literally how the... — read more
Experienced Hires at ExxonMobil
I hear that XOM has a complicated culture and that it prefers to promote within. I also heard that Experienced Hires have difficult time after joining the company and that many leave very quickly. Do you mind chiming in on the topic as I have been... — read more
What group are you with?
I always see posts but I never know who's on this site? Do you mind sharing what group you are with?
Pension payout tax strategy after resignation))
All, any insights on the best approach to take care of the pension payout after quitting? Do people just put it in regular investment account or are there efficient ways to put it in other sorts of retirement (ira/Roth/other) to minimize tax? Thanks — read more
2022 raises
The numbers are finalized
I hate remembering the good times
It just rubs salt into the wound knowing what we had and lost. When we were not only the biggest energy company in the country but the largest publicly traded company, period, and when that was reflected in our pay, benefits, and job security. To go... — read more
The truth about Exxonmobil.
Please post the truths you have seen and witnessed at Exxonmobil. In my time I have seen the following. Worthless protected employees not PIPed when hard working employees got PIPed. Safety violations and violators getting off and protected... — read more
Did DW actually give us a number target for employee downsizing?
Here are his quotes: "Last year during the pandemic, we worked to improve our cost structure by $3 billion versus 2019. That progress continued in the third quarter. Our structural costs are now $4.5 billion lower than 2019 on an annual basis. With... — read more
PIPs, layoffs, and hiring
All at the same time. How does that make any sense?
Downstream "Mark to Market" Supply Trades
What happened in the Downstream's natural gas and liquids supply trading groups in the 3Q? We had a 2Q loss in the mark to market trading of $700 million. No mention in the 3Q earnings report that I could find. Lost big $$$ in 1Q as well. In... — read more