You know, good leadership is transparent and completely honest with its employees whether the company is doing well or the opposite. Not here, though. I have a feeling Exxon intentionally keeps us in the dark regarding everything that's going on. Really show us who we have leading the company...
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@1sjt+1738zxwU Don’t like it leave. It has worked for Exxon for a century And will continue to be the way! Quoted an Asian female executive words.. a step back.. we are so screwed..
@1sjt+1738zxwU. That sums it up perfectly.
Good leadership is not getting people to die on some foreign battlefield. Good leadership is bringing your people home alive and in one piece, and letting the other side leave their dead on the battlefield. If you take care of your people, they will take care of you.
I have never worked for a company that openly knew so little about leadership. Stewardship isn’t leadership and spending entire careers building PPT decks for LPS doesn’t make the company a nickel.
It does piss off the rest of us who are trying to get work done though.
I think at least 10K of the XOM employees are in Chemicals. Since CVX’s chemical business is a JV with Phillips 66, I would guess the CVX employee number does not include the JV.
That said, when I started with XOM as an experienced hire a decade ago, I was shocked at how many employees they had and how freely they spent money.
Welcome to thelayoff.com, OP
CVX runs lean (48k employees)
Leadership, even good one, is never completely transparent. Part of the job of good leadership is to get people to do what they may not want to do, or is against their own interests (like for example die in a foreign battlefield). A good leader needs to be proficient in the dark arts. But they have to be guided by the light. What a sets a good leader apart is not transparency but trust. Trust built over the years , in good and bad times, so that when the real crisis comes, they don't have anything to prove and can act.
But we don't have leaders; I don't know which obscenely paid consultant brought this fad to middle management; We are ExxonMobil, title inflation is not for us. We have Managers, and that's title enough Proof: the supreme authority in ExxonMobil is the Management Committee. Always has been. This tells you something about how the company sees itself. The moment this changes, #wearenolongerexxonmobil
@avk+1738zxwU
Sorry but XOM has 78k employees producing 4M BOEPD.
CVX has 48k employees producing 3.5M BOEPD.
Cutting mgmt is not going to get you there.
It is part of the solution, but will not get us competitive.
How do we remain competitive when are project costs are 30-40% higher than others due to OIMS and LPS cost add ons? This is a big problem that everyone ignores. As long as VP’s on up receive bonuses for flawless safety performance...you are going to have this problem.
@xiq+1738zxwU you realize removing unproductive work starts with the cost sink areas like HQ and management. That should go first but instead we are cutting from the bottom across the board and then trying to fill holes at manufacturing sites. Seems very bad plan.
False. A trait of good leadership is not "transparency." rolling my eyes at that one.
Lawl.. seriously guys.. where is our CEO? He seems to be ghosting us. Some how every words he says.. it turns opposite. He should say everything opposite..
There is transparency. [1] We have to live within our means. As stated on the last Investor call, that means no more borrowing. So to balance the books, we will have to maintain low capex spend, and reduce opex. [2] We are not competitive. Our margins, $/OEB, EPS, etc do not compete with our industry. So we need to improve our analytics by reducing headcount, dropping disadvantaged assets, eliminating unproductive work. Everyone wants to know how that impacts them directly.... totally understandable.... but these are permanent changes and must be thoughtful. In the meantime, it is stressful.
What more do you want?!? Haven’t you been receiving the emails that tell us that we are in this together!!!
Latest rumor is cut the dividend and double all employees pay, reinstate the company match! $$$
ExxonMobil is doing extremely well. What are you talking about? Definitely, kudos to the great leadership we have! Awesome work guys!
I think they are being really transparent. Leadership has indicated they will do whatever the cost to protect the dividend.