What do you (current and axed-employees) think that we can help the Company to be back on it’s feet, rather than condemn and get angry over the Management? There many of us (axed and current employees) with enough experiences and from different departments and different locations that could ‘run’ the Company safely, efficiently and profitably and this would help the current EM Management take into consideration and nurse the Company back to it’s glorious days of being the largest (or among the largest) Company. Do you think it can be done? It’s in the interest of many of us, current and those who may not be in the Company due to job cuts, as we have invested some of our savings in the Company and for job security too. Your thoughts and comments? Please do not use abusive language, if you do not agree or support. Be a gentleman. Thanks.
16 replies (most recent on top)
Get rid of global projects. They are the most top heavy organization, most cumbersome processes & paperwork & the people don’t have a transferable skill set. At $400/ he. No thanks.
Pretty simple.. replace DW with an experienced external CEO..
Get rid of most employees (including management) at Spring. Keep only that are absolutely necessary.
Sell the Houston campus entirely or lease some of the buildings to other companies; shift to remote model to reduce overhead. The days of overpriced, self indulgent corporate HQs are over...and Houston isn't even HQ...which is separate efficiency discussion in itself...
Break up Exxon and Mobil to unlock the value of the downstream. Mobil should focus on lubricant cash cow to fund developing new energy sources and tech. Exxon, with significant reduced cost structure, could merge with another upstream company to efficiencies. This way we can unlock value to get the share price(s) up and return value to the shareholders.
This is how capitalism works, the inefficient and poorly managed companies with subpar operating models lose out and the more successful ones become bigger. Like Apple and Google rose while RIM/ Blackberry didn't. Here, BP, Occidental and Exxon are failing because of their poor investments but other oil companies are successful since their investment philosophies are sound. So let capitalism eliminate such players and move on to other companies that are successful and higher cash flows indicating sound business and operational practices.
Let's just take our experience and expertise to a competitor and help it thrive. We apparently have no value to EM.
Layoff anyone with the job title “Advisor”!
So many suggestions below to keep this old mule pulling.
Even some rational lists about the symptoms and possible cures.
But ultimately the only remedy is nationalization.
ooo - not meaning our government taking over.
More like Rosneft, Aramco and the like buying us at the butcher market.
All up and up.
I am so sorry, the OP is just crazy? Crazy!
- The culture of changing positions every 2 years has got to go. People need to stay long enough in their job roles to see the consequences of the actions they have taken.
- Flatten the organization. Every sub org should be Worker Bee, Manager, VP, President. Give the sub org a budget and nothing that falls within that budget should have to go above the President.
- Obliterate the planning orgs. Put the planning back at the asset level where the people know their heads from a hole in the wall. Along with this simplify the planning process and stop having 15 meetings for a monthly budget update.
- Get rid of the extracurricular garbage that is all over campus. You are there to work not to reenact the movie PCU.
Many low-cost operating companies are more safely & efficiently run. They don’t have enormous overhead/engineering/research organizations. There is so much waste that it is unbelievable. Back when the oil price was > $100, all these inefficiencies were masked but no more.
Make every employee accountable for the action and it's consequences (including CEO)
Why, you gonna pay us?
sell the company to chevron
Stop doing stupid things that add no value or done for wrong reasons: political, visibility, "techy" but no purpose or improvement to existing, etc etc.