Growing up AT&T was the behind company everyone arrived to work for and make the big corporate bucks for life including excellent lifetime pension starting at age 50. GE was the other favorite, immense company excellent funding and salaries for every walk of life. No one could ever imagine those companies would get broken up and career growth and remuneration could be scaled back so much. Now it's ExxonMobil's turn. That seems to be the end game.
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@a3 exactly the problem another Exxonmobil baby
@ex, Hahha. Yes. Nepotard. Place is full of them, resting on and leveraging their father's political influence to advance their own careers. When you see it in full display it's shameful and disgusting, but people buy in because that's how Exxon has plays it. Hopefully, that will change as well and the nepotards will have to stand on their own two feet. Hahhaaa
@a3 you definitely match the perfect XOM persona, an arrogant nepo.
Bloomberg use an interesting term to desribe a company before it circles down the drain "shareholder friendly"
Great qtr. But raises will be lack
Luster and projects hard to come by.
Just read "Jack Welch: The man who broke capitalism" to see the similarities:
1) Offshore and outsourcing,
2) Removal of staffing benefits to minimize expenses
3) Financial engineering. Dividends and stock buy-backs to make the shareprice always go up. Great for execs to get their short term performance bonuses but impacts long term sustainability of the company
4) Removal of R&D - We came up with lithium batteries FFS. name one energy breakthrough or patent we've developed recently?
5) Growth through acquisitions, not new products. Guyana was a fluke, and the only other growth areas were a result of buying other companies (XTO, denbury and Pioneer). Name any other growth / exploration venture.
6) Rank and yank system.
Just like Boeing and GE, the impacts will be felt not now, but in 5-10 years.
Clearly one foot in the grave.
Exxon Mobil Corporation today announced second-quarter 2025 earnings of $7.1 billion, or $1.64 per share assuming dilution. Cash flow from operating activities was $11.5 billion and free cash flow was 5.4 billion. Shareholder distributions totaled $9.2 billion, including $4.3 billion of dividends and $5.0 billion of share repurchases, consistent with the company's announced plans.
Don't forget Boeing, Motorola...
Retired some years ago. I agree it seems like the best years long gone. Employees who had stock from the old AT&T and GE became fabulously wealthy after the breakups. I hope it happens to Exxon soon.
Really?
What exactly leads you to the prediction that XOM is going the way of the Cutlass?
I’m third generation XOM.
We have been doing this awhile.