As a young engineer I took a job at Exxon where they described their forced ranking system as vital to their success. I soon saw that it entrenched the most selfish political types while destroying job satisfaction & teamwork across the company. Much... — read more
Loss of retirement medical
Retiree medical ends Jan 1 2019. Anyone around after that will retire on their own nickel for healthcare. We are screwed! Is everyone going to retire early? The downside of a medical condition is huge cost and so is private health insurance. What say... — read more
CEO accomplishments
Let's summarize recent XOM accomplishmets as captured by their press releases... committing to women's empowerment producing 10kbopd from algae providing earthquake relief to papua new guinea joined the stanford (clean only) energy alliance appointed... — read more
Pakistan, Iran, Russia, Venezuela
Just open the world map and pick terrorist and dictator countries to do business in. Repeat mistakes of the past.
Will management let our Market Cap fall below $300 Billion before doing something?
How far is management going to let us drop before we do something to stop the bleeding?
Are we going to acquire??
What is all this Permian talk?
Exxonmobil lays off one at at time
As a 20 year employee I have noticed over the years they rank and promote the new hires and then stop growth for most in their mid 40’s. 40 plus get ranked the lowest and it is very humiliating when you are mentoring and training coworkers that are... — read more
Exxon Mobil Layoffs 2018
How about a bit of healthy growth for a change - I do hear that we may have layoffs in Irving.
Business Model Redesign
50% of site engineers to be replaced with offshore call center support in the next few years. So much for an american company hiring americans.
Layoffs incoming?
So, the profits go up majorly for Exxon's second quarter, and shares drop because it was still not enough????? Now I am thinking this will be compensated by cutting operating costs, which, as we all know, means layoffs. I hope I am wrong, but I doubt... — read more
XTO moving to Houston
So all of XTO is moving to Houston. Why do you all not have anything on this forum. Do you not know anything or all you all afraid of not being marketable if you are laid off. You all know there is also going to be a mass layoff at Exxon coming... — read more
Exxon is not to big to fail.
Technology has changed the oil & gas energy business forever. Will Exxon make the necessary changes required to survive?
Exxon E&P hasn't made a profit in a long time an drew our stock is down.
We need to dump some of our big capital long term projects soon because it is apparent they may never payout. If we don't make some big adjustments soon I am afraid it might be too late! We need to cut back capital spending more and reduce overhead... — read more
Exxon market cap is down $70 billion since the boom and not improving!
Our management thinks we can just keep lumbering along until this change passes. They don't realize that technology has changed our business forever. Economics are different now. If we don't start reducing cost, reducing size of work force, sell... — read more
RIA minimum and vacation elimination for international rotators.
To be phased in in 2018. Fun while it lasted.
Surprise
Who would have thought the most progressive member of Trump's cabinet would be our CEO. Rec is THE only one who believes in man made climate change.
After Rex leaves expect big changes in late 2017 into 2018
The new CEO will restructure and cut costs (sell off assets) to improve operating efficiency, cash flow and profitability. Remember cash has dried up with little return and the trend has to change to meet the long term investor needs. Its amazing the... — read more
Exxon Mobil Layoffs 2017
When will things improve, are they, I am still hearing about layoffs in Irving.
Exxon Mobil market cap down $68 Billion today! Cash reserves depleting rapidly! No major changes in sight?
Well when do you think management is going to decide we held out as long as we could? Downstream, mid-stream, and chemicals are helping but unable to carry us much longer. I see we are starting to shut down some expensive long term projects that will... — read more
Exxon market cap value down $65 billion and no changes in sight!
Exxon is being very quiet about needed changes while our market cap is down $65 billion in value and cash reserves are depleting rapidly! Finally beginning to see some big expensive long-term projects shut down. They haven't announced a layoff but we... — read more
Exxon value down $52 Billion!
Stock is still dropping and we are not doing anything to change! When will we hit bottom?
Exxon stock value down 35 billion dollars, cash reserve depletion going fast!
What has management done??? Maybe they are the silent majority! It doesn't require a degree in finance to see where this is headed and experts are saying there is no end in sight for the energy market reset. When will management act?
Even if they don't have layoffs they must be doing some cost saving?
I do hope Exxon employees keep their jobs. However I was visiting friends in Houston last week and we were invited to a party where we met a few Exxon expatriates. Nice people but only bragging about their expat package, unlimited housing allowance ... — read more
Haven't heard of planned mass layoffs.
It seems to be mainly just contractors being let go which doesn't really count as company layoffs. As usual lower performing employees are at risk, like bottom 10 percent, but you have to be pretty bad to be in that category anyway. Also, some older... — read more
ExxonMobil Layoff Locations
Hello All - I am researching message boards relating to Exxon layoffs due to the recent O&G downturn. The information is scarce. Would someone be able to help me out by replying with a list of major geographic locations that are affected (a major... — read more
HERE ARE THE BIG OIL AWARDS
I've been watching all your boards for a few months and here are the awards from first to worst (posted on all your boards) from Shell to Exxon to BP to Chevron. 1st Place - Chevron - The "Street Fighters with Big Balls Award" Easy to see why these... — read more
A Layoff Poem!
Grin and Bare Hee and Haw Don't really wanna be here anyhow Day after day Same old games we play Tenure adds up In Reality, These jobs suck We pretend But know, deep down, It's all about the bucks! A computer,chair ,and desk Theoretical work at best... — read more
Exxon Mobil Corp. has lost $80 Billion dollars in value!
Exxon Mobil Corp. has lost $80 Billion dollars in value and continues to lose! Stock price may be currently stable or creeping up slightly but won't last long when third and fourth quarter results for this year are released. Management's disastrous... — read more
Exxon Mobil Corp. has lost almost $100 Billion dollars in value and stock holders are nervous!
What is management going to do to satisfy stock holders? I am afraid they will be intimidated into doing what other energy companies have done. Wall Street is asking for heads to roll. What's next?
Will Exon buy Anadarko Petroleum?
Exon is looking at purchasing Anadarko. Anadarko is down to just one third of it's value less than a year ago so appears to be a great bargain. Will Exon keep Anadarko employees on or lay them off?
Exxon Acquires ConocoPhillips
How likely is this scenario?
CEO Retiring
The reported plans is Rex will retire in 2016, the company will likely be restructured when the new CEO comes in so may not happen until 2017. It will likely be significant. Good article published this week on Bloomberg on issues with the CEO switch... — read more