I see the company announced they will double earnings by 2027. When will they learn. Quit making dumb announcements. Just get to work and don’t make promises you can’t keep.
7 replies (most recent on top)
Get the facts straight. "The company plans to double earnings by 2027, when viewed on the same price and margin assumptions used in the 2020 Investor Day materials".
With minimum staffing reductions of 15% (will likely be much higher), divestment of low margin assets, and write-downs that are long overdue ($17-20G this year alone), goal is aggressive but achievable.
Doesn't have anything to do with current prices and Covid impacts. I wouldn't personally go long on XOM now, but keep statements in perspective unless you are just the usual naysayers. What good are such statements? To you, none. To analysts and investors, ability to create a scorecard and judge how well the company is delivering over next several years. Every company does it, not just EM. Be informed or show that you are not, your choice.
Whether it really happens or not means having the 2020 projections correct, which of course they wont be. If you can better forecast oil and gas prices and demand, quit wasting time on this board and get rich quick in the market.
@wvs+18e7FLCk If investors are stupid enough to believe a word they say they deserve the destruction of their investment which will follow
Reeks of desperation. They are afraid of stock price tanking as everyone runs for the exits. Hard to believe some are dumb enough to take the bait.
@are+18e7FLCk So you think this is a winning strategy? Like when we announced the huge volumes increases we never hit. I could fônon with older examples.
What they have states is doubling REVENUE versus 2017. The irony? If you look back at revenue in the last decade, 2017 is literally the LOWEST revenue in the last decade ($210 billion) aside from the coronavirus impacts.
What they are hoping is that they can get revenue back to levels in 2015 ($500 billion+). Good strategy, invest more to get where we were with less! Sounds like our new slogan, "less with less"
they make these announcements for investors. Not for you or employees. They could actually care less about you
Well doubling earnings when you’re losing money isn’t exactly that far fetched once oil prices recover. I get it though. Math is hard.