2 weeks out and all we have heard is don’t worry XOM is alright with the corp office keeping the same schedule.
This almost seems like they are doing a fire sale sometime in the first 6 months and just piecing out the pipeline.
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Exxon is that guy standing outside his van telling you to come inside... he's got lots of candy...
If it involves a severance, I hope to be gone soon, too.
Exxon is smooth talking everyone saying things are going to be same ol same ol. There is no way on god green earth they leave our employee structure alone.
My department is a $hit#how too - not sure where this person works. We've had meetings to outline everything we do/processes and I think that is just to transition the work after this week. I expect to be gone soon.
They are walking into a dumpster fire..... i don't know what denbury you work for but this place has a circus
I’ve had multiple meetings with Exxon and they were really just trying to identify any major risks before closing. Overall, I think they are very impressed with how we manage our business. I think they were expecting to walk into a dumpster fire.
They haven't been very diligent in some areas, then.
The only discussions had are due diligence questions from XOM.
Mainly CCUS people have had discussions with XOM
I'm beginning to worry - my group has had no meetings with XOM and my manager has no information. I've heard many people have had meetings and some have went onsite at XOM to discuss the transition and their role??????
The sell off of fields doesn’t seem likely as Exxon would receive tax credit on our EOR efforts. I don’t see many changes coming during the first calendar year of the transition either. As always, the closer to the wellhead you are, the safer your job will be. Hoping that proves true in this instance!
No for sure, you don’t know sh-t
Def a fire sale happening. A bunch of the fields we have now were previously Exxon so they will be selling those for sure. They will probably either sell all the fields to one company or piece it out. Nov 7th they will probably tell us the direction we are headed.
What are LTI's??? Us low lifes didnt get those after bankruptcy. Only the "gifted" got that cute little perk again.
Yep says it right in the proxy.
I’m 99% sure that LTIs (including cash) will vest a day before close.
It seems that the LTIs won’t be vested at closing either.
I heard they are no longer staying after the close - I'm not sure why they would - what have they been doing the last few months except blocking information and raiding the coffer?
They have to be here. For the Christmas party.
Rumor is the execs will still be here after the deal closes. Dan Amman thought he was getting a pipeline vs inheriting an entire Company to run so he needs their ‘help’.
I think you're right - in my opinion the current leadership is blowing smoke until they are out the door in a couple of weeks.
My manager has even inferred the same - they do not want to rock the boat, pi-s people off, or be confronted.
Plausible explanation. Or sheer incompetence.