Someone in the MC please get rid of these EmTec jokers in Upstream research. Its a blatant waste of company’s money to satisfy egos of nobody phDs with no original ideas, just su-king the company dry by wasting time on useless ‘ideas’.
Just do an aidit of spends and value created, surely someone is checking the billions of dollars in valuations they claim? right?
It was always a joke and still a joke. After 2005, everyone we hired to do research in any part of the corporation, was either of Mediocre to low intelligence or was totally brain washed to become a Z0mbie.
Fire all of them and do not spare a single one even if they moved to fake leadership and management roles to hide their lack of real talent.
@xw name one Subsea technology, or even a novel idea, that EMTech has developed since that org was formed. They’re followers, and not even fast followers.
Upstream research should be cut to only seismic...and some reservoir modelling and frac and subsea. Everything else like facilities can be done by other companies.
Downstream and chem research only on advanced carbon and catalysts and advanced polymers.
Maybe some new research on AI. but cut it in half then priortiize
Don't worry all research is eventually moving to Low cost countries India.
@d9 I’m so impressed, to bad you’ve got a tiny di-k
Emtec should be closed and useful hands go into business units.
Another mad plant guy found out these PhDs are paid more than you?
Our stock price will not change if Research and Development was eliminated. According to SEC annual filings, our research costs are only $1 billion per year and the expense has been decreasing every year especially if you factor in 3 to 4 percent inflation.
Year Research and Development Costs (millions)
2015 $1,008
2016 $1,058
2017 $1,063
2018 $1,116
2019 $1,214
2020 $1,016
2021 $843
2022 $824
2023 $879
2024 $987
If DW announces EM no longer spends money on R and D, imagine how would that affect our stock price?