Year Regular Employees At End of Year
1999 123,000
2000 99,600
2001 97,900
2002 92,500
2003 88,300
2004 85,900
2005 83,700
2006 82,100
2007 80,800
2008 79,900
2009 80,700
2010 83,600
2011 82,100
2012 76,900
2013 75,000
2014 75,300
2015 73,500
2016 71,100
2017 69,600
2018 71,000
2019 74,900
2020 72,000
2021 63,000
2022 62,300
2023 61,500
2024 60,900
2025 58,000
20 replies (most recent on top)
Another $5 billion in headcount reduction is planned between 2026 and 2030. Folks, that is $1 billion per year savings starting in 2026.
From our end of year 2025 earnings call
Across the enterprise, we’ve achieved $15.1 billion of structural cost savings since 2019, surpassing our plans for 2025 and keeping us on track to deliver savings of $20 billion by 2030 versus 2019.
Together these actions are strengthening how our business performs across market cycles – anchored in asset quality, execution, and a structurally lower cost base.
Word on the street is that we will level out at 40,000 regular employees by 2035. At 58,000 regular employees, we have a lot of PIP's/NSI's to manage between 2026 and 2035.
Sorry but this will continue until the stock price suffers or there is a major incident.
Accept this reality or move on.
We PIP'd/NSI'd more employees than we actually acquired when we purchased Denbury and Pioneer.
@eh and even at 10 to 30 times the price they are money well spent. Throwing a large number of low cost incompetent people at a problem doesn’t solve the problem.
Wow. We didn’t even go up the years we bought Denbury or Pioneer!
@dx wayyyyyy too many in middle management
The BTC will always struggle due to Indian culture. They aren’t up to the task.
The goal is to copy the same CHEVRON infrastructure.
EM on a hiring spree, in countries where they can pay 1/10th the same CL in the USA. Actually less than 1/10 in many cases.
The Expats in Bangalore make 10 to 30 times the salary of their direct reports.
When ranking by CL, this pay differential is taken into account such that a person on 1/10th salary can be ranked higher than all the normal US salary employees in his rank group, even though his performance was far lower.
EM ends up PIPing many full normal salary people who actually outperformed and helped the 1/10 salary guy.
@OP still too many people, so many people sitting around the campus drinking coffee, oh sorry my fault they are collaborating
The long term goal is for every operating unit including the grassroots upstream oil & gas projects to be operated by 3rd party contract companies who pay far less in health care benefits, pensions, and salaries.
The Guyana offshore upstream operations business model is a textbook example of how ExxonMobil wants to operate our facilities in the future.
In 1999, Exxon acquired Mobil and yes the 122,000 headcount includes all company owned fuel stations around the world. The significant drop in headcount in 2000 was due to the global downsizing that occurred due to "synergies".
The count doesn’t matter! Frankly we can employe 20 in GBC for every expat and they will be cheaper and better than those on Expatriate program!
The plan is 30,000 employees by 2030. Lots of cuts coming here come the piping man. Exxon piped me and my co worker out and made it impossible to pass.
I estimate 12k in low cost centers so 46k employees elsewhere. After the US staff is removed, we’ll see another 6-8k reduction.
Headcount at the GBC's has ballooned, especially India, with unproductive and incompetent employees. Burden has shifted massively to the remaining "core" employees when you strip out the growth in India.
Please tell how many US employees vs all low cost centers such as Bangalore.
I hope to be the next -1
To tell the full story, need the split between BTC workers and real employees.