I do hope Exxon employees keep their jobs. However I was visiting friends in Houston last week and we were invited to a party where we met a few Exxon expatriates. Nice people but only bragging about their expat package, unlimited housing allowance , up to 4 kids in private schools and according to them job security! b/c they were relocated from overseas 8 years ago. At Exxon obviously the expats are oblivious to the recent developments in O&G. Modesty is a virtue people!
To me and most people at the party this was deeply concerning as I know personally quite a few people who have lost their jobs in Houston due to the O&G downturn. Wouldn't it make sense that these absurd allowances these expats are receiving are cut first before an American or any employee with a local contract and the same education and qualities gets the sack? How does Exxon deal with this? Even if they don't have layoffs they must be doing some cost saving?