2017: XTO relocation to XOM Spring campus
2018: Big reorg, surplus managers from XOM inserted into XTO, imposing significant budget constraints and additional cost
2019: XTO managers replaced by XOM managers
2020: New XTO president (from XOM) states that XTO is now twice as expensive as competitors
2021: 30% or more laid off. Managers will need to fill technical roles but won't have a clue how to do that
Am I missing something? Add to the list. Facts only, no sarcasm.
As a former heritage Mobil employee I completely understand the OP’s point.
But.
But.
XTO and Mobil were lulled into thinking the company cared about you. They didn’t.
It’s all about providing value to the Stakeholders. And in the end, XTO and Mobil would sell us down the river like Exxon did.
This is NOT a family business.
It’s pure capitalism. So if you don’t like it, let’s just nationalize the oil industry. It worked for Venezuela. Right?
If XTO was on such a great path in 2009, why did they so quickly unload their debt on Exxon?
@OP+18PKMtxS, I am using your ideas and make some complements (Thanks).
2017: XTO relocation to XOM Spring campus-" Together we are better"
2018: Big reorg, surplus managers from XOM inserted into XTO, imposing significant budget constraints and additional cost-" Spend all the money as you need on projects"
2019: XTO managers replaced by XOM managers- "Our EM brainwashers are in the way"
2020: New XTO president (from XOM) states that XTO is now twice as expensive as competitors." It is better to stay in a big boat than a small one, but he did no know the story about the Titanic."
2021: 30% or more laid off. Managers will need to fill technical roles but won't have a clue how to do that." Meeting at 9:00 at EM or XTO-Let's make a plan, besides, I have an great idea: contractors are better and cheaper offshore."
I've heard for years, "Does It Add Value?", when programs are rolled out. The answer here is, "No!" A lot of my XOM colleagues repeatedly asked about opportunities with XTO and were denied. Now everyone is just counting days, months and years to retirement (that is, IF there are years left).
XTO was the best company to work for, Bob Simpson is laughing all the to the bank. XOM management is absolutely clueless.
XTO Canada is an unmitigated disaster. EM management has destroyed the company. It is not worth even a small fraction of the cost at which it was acquired.
Kearl is a white elephant too. Thanks to poor EM management.
Same thing with Mobil.
Very well written comment!
When XTO was purchased, we, ExxonMobil engineers, were told that we needed to be more like the XTO engineers, who are more diverse in experience, and agile in their work.
How sad it it so see that, ExxonMobil imposed its culture on XTO, and destroyed XTO’s technical advantage, which was one of the core reason for buying XTO.
I think this sums up the company. Not just XTO
You sir or madam just won the “best comment ever” on here. Exactly what happened.