I did not know until recently the meaning of DGI - 'Dividend Growth Investor'. I hardly knew what Retirement Investing was - I'm sub-50 in age. But apparently there have been multiple generations of retirees living on our great Technology. So... — read more
Next round of layoff will be based on employees skill sets
A new employee skill assessment program is currently underway and the target completion date is the end of November 2020.
Tomas Ranch
Can anyone justify why we would still hold on to Tomas Ranch during these “uniquely challenging times”? I get that the execs need a safe space to shoot some guns...sorry, I meant hold offsite meetings, but seems to me like an easy “non-core” asset... — read more
Glassdoor CEO Approval
Chevron 89%. Exxon 44% and falling. Does anyone hear the employees cry for help? They are not all just people caught up in the PIP. Management has lost the trust of its lifelong employees - tragic and not good for the shareholder!
Hey Darren Woods, where are you? Hiding under your desk like a coward?
Darren is nowhere to be found or heard from. A real leader, a real CEO would be out front and upfront with employees. Darren is curled up in the fetal position hiding from employees instead of communicating with us. And an email crafted by your PR... — read more
XOM quotes suggest the WSJ editor axed the real story
Half of the comments from the company (especially the ones toward the end, but also the one about ‘your story focuses’) make zero sense based on what’s actually in the article. It looks like the Exxon PR people managed to convince the Wall Street... — read more
If XOM is run like EMIT is...
then I understand why the company is where it is: horrible management. back-stabbers, leachers, a—kissers folks who have no other job/talent than to get in the way,
WSJ article
https://www.wsj.com/articles/exxon-used-to-be-americas-most-valuable-company-what-happened-oil-gas-11600037243?st=mn2cey2jr3kfkkj&reflink=article_copyURL_share
Activist Investor?
Market cap is down to about $150 billion, far off the heyday of being at the top of the S&P. When will the company fall enough in value that an activist investor takes a stake and then tries to clean out the management ranks? Seems the only hope, the... — read more
No supervisors/managers on PIP
It doesn’t look like any supervisors/managers have been PIPed. I haven’t seen any supervisors leave (I.e. PIL). In our group, I know the folks on PIP. When you do the 8% math, it looks like only worker bees are being sacrificed. Shameless corrupt... — read more
Headcount Reduction Needs to be Based on Business Needs
Layoffs are unfortunate for employees and their families. With more than 95% capital and expense work being cancelled or delayed, where is all the work that our employees would supposedly be doing? It makes absolutely no sense to keep so many layers... — read more
Employee cost vs. dividend
Just a thought experiment for thought experiments sake.... If all 75,000 employees are laid off and we assume each employee cost ~$300,000 it would save the company $22.5 billion. From published earnings report: The dividend cost $14.7... — read more
Active Tracks: Softly, Slowly, Remotely - tiny dancer
Relevant to a recent post, my omnischite supervisor informed me just yesterday, I'd had many hour-long lapses in my active computer time during the month of May. Daily through-out the days... This information despite the fact I had IM'd each... — read more
Severance Website?
Will we ever see such a thing? Chevron's 2020 Severance Plan complete with transparent website: https://hr2.chevron.com/lifevents/leaving-chevron/leaving-chevron-2020SpecialSESP They even tell their employees straight up and in front of the... — read more
Negotiated Severance?
Ever heard of someone getting ahead of the curve and making first contact with HR/Manager and inquiring to resign for a negotiated PIL?
Fair Severance Package?
For your situation, Near Retirment or not, what would you consider a fair package? For me, not near retirement, I'd say 3 weeks pay per year of service + pension cash out option.
Private Empire
Anyone read the book by Steve Coll back in 2012? I think he needs to write a follow up!
Did ExxonMobil PIP'ed Environment? Was BLM Ignored as a Technical Contributor?
Let me ask some simple questions and for honest answers: Environment: Has ExxonMobil been PIPing environment causes for last few decades? I am now a true believer to doing everything for the benefit of the environment. BLM: What about... — read more
What is happening to Exxon can be traced back to a massive failure of the Corporate Planners. Should have known a pandemic could last 3 years.
What is happening to Exxon can be traced to a huge planning failure combined with the obstinancy of maintaining a high level of capex while maintaining the dividend. The planners should have known that a Pandemic like the one in 1918 could last as... — read more
Managers told to identify easy termination targets
Managers were told this week to identify people that report to them that are easy termination targets other than PIP - insubordination, frequent tardiness, etc.
I have never heard anyone say they regret retiring from ExxonMobil early!
Also, once you get out of that environment then you realize how bad the culture is. You can make a great living working for ExxonMobil but you will pay for it in constant frustration. And the sad part about it is the management is so... — read more
I got PIP’ed and took the severance package.
Now, I am glad to get the heck out of there. At the time, I was upset, but now, I feel lucky to get out now, and not still be putting up with their c-ap & sick games. Most people in my department, can’t sleep, they are beaten down, overwhelmed... — read more
After 28 years...
After 28 years with ExxonMobil, my manager reminds me that I could be next. I work from home, sick or not. I’ve always enjoyed my work, worked hard and was always ranked very well. This new ranking system and those running the show leave me... — read more
Three Reasons to Keep Exxon Stock
https://www.fool.com/investing/2020/09/11/3-reasons-not-to-sell-exxonmobil-stock/
Why do you stay?
Since there are so many unhappy people here - and I am one of them - I'm wondering about your reasons for staying with XOM. My reason is simple, I'm waiting for severance. I would hate to leave even if I found a new job and find out that I did them a... — read more
If you know about fraud/shady behavior report it to the press or the authorities
I keep reading posts here alleging fraud and shady behavior an the part of certain (and sometimes specifically named) VPs and higher. If you haven’t done so already, then report the behavior to the press (like WSJ or NYT or some other major paper)... — read more
You Got What It Takes
I saw a reply down there that used this phrase. Such a strange vibe in those words. What is it? What does it take? And you got it? So it taking something? From you? This'll be my last post to the board. It started as a tremulous (shivering)... — read more
Is EM willing to do what is required?
Children do what feels good. Adults do what is required. It’s time for Exxon to put their big girl panties on and look in the mirror and just admit it and quit it. Just admit. I. Was. Wrong. That’s the first step to real change is admitting your... — read more
PIP’d - Clinton / Baytown / Houston Campus / others
How many people are being PIPd in US locations, and number of years at XOM? What does it mean that supervisor keeping log of weekly meeting during PIP?
The Roman Empire
EM is as ruthless as the Roman Empire and now suffering its own fall as did the Roman Empire. It demands total obedience but total commitment and excellence on their terms on the pain of extermination. Think even the Roman Army practice of... — read more
Have we reached the bottom? Just wait...
The company has eliminated some of the most productive workers. Many folks that just push paper, create slides and talk nicely are kept. This scenario is not a good one for any company. This will come to hurt Exxon over next several years and it'll... — read more
Head Hunters/Companies
Hey, I'm on a PIP, and given how the market's trending, I'm pretty sure that I'm still going to be out of a job once this is over. Anyone know any head-hunting websites/companies so I can get my name out there?
Darren Woods Communications Missing
ExxonMobil is going through unprecedented and trying times, the company is in a crises. I find it Interesting that the CEO of the Company has not communicated to the employees during these times. When employees most need to hear from the leader, he... — read more
Lump sum option for Pension Plan
There are a number of comments throughout this site regarding potential loss of the lump sum option for the pension plan. Does anybody know if the company can take away the lump sum option any time they want? Do they have to provide legal notice... — read more
Exxon in the rear view mirror
Just landed a position with a relatively small company and gave notice. The pay is not as comparable to Exxon, but I’m okay with that. I no longer have to deal with the toxic environment, its id–tic ranking system, rigid bureaucracy and the way... — read more
You know what amazes me?
How much Exxon is willing to pay some great employees to leave, instead of fighting to keep them here. Just boggles the mind...
We are no better or worse than other O&G companies
The best way to see this is to visit several of our competitors on this forum (there are links near the top of the page for some of them.) It might surprise you how similar the topics are and if you actually read a few of them, you'll see that pretty... — read more
Where’s the WSJ article?
Interested in learning about our HR policies and it seems we can only do that from the news.