If this is the situation at EM now, when the prices are high, then I can only imagine what everything will look like when the prices start to slide down... I hope I won't be here when that happens.
The company of contractors
One of these days, EM Execs will realize that the entire BTC employee pool could have been a service hired through a contracting agency/engineering firm. Voila, all of BTC will be transitioned to contract staff.
Let's do some math
The market was up about 20% in 2021. So if you retired in late 2020 with a $2 million lump sum, you are up $400K vs not having retired and slogged along at your desk. Plus you would have been paid a year of salary during 2021; let's call that... — read more
March 2022 IRS Segment Interest Rates For Pension Are Up!
For those interested, the IRS published the March interest rates used for pension calculation. For those that are thinking of retiring within a year or two and are considering to take the lump sum distribution, you’d be wise to pay attention to... — read more
A Millennial and a Gen Z
My group just got one Millennial and one Gen Z, both hired in 2022. Both of them are pretty solid, laser focused on work, heads down, I see no concerns. I think we'll be just fine and things will be just good in hands of our kids. I had concerns... — read more
3rd Quarter Interest Rates?
Does anyone know where to find the 3rd quarter interests rates? Nothing current beyond 2nd quarter on web site and the people at help desk are useless. The Federal Reserve site is too messy from what I was able to find. 2nd Quarter was 1.09, 2.72... — read more
People are too quick to quit
I understand not being completely satisfied with your job but leaving right now when things are good for a change makes little sense to me. If you are certain that you're not in the bottom percentile that will be affected by PIPs, why would you risk... — read more
Interest rates and lump sum
Do higher interest rates translate to a larger lump sum? Or is it the other way around?
Linda’s EMTEC townhall in Clinton
I admired Linda’s emotion control. She did not lose it too much even after a couple of tough questions and comments on the union issues. Two weeks ago, Nic simply could not handle the heat and his Q&A completely went downhill after being... — read more
Watch for this: Carbon Capture & Storage
A $4 Trillion Estimate by Exxon - this field is about to explode: https://www.reuters.com/business/sustainable-business/exxon-sees-carbon-capture-market-4-trillion-by-2050-2022-04-19/
We are making profits due to the market, not our operating excellence.
Attrition is much cheaper than layoffs with severance. We are way over staffed compared to our independent peers. We are making profits due to the market, not our operating excellence. The unconventional development cannot justify the current outlay... — read more
Be flexible and learn
So here is some advice from a "senior colleague". Watch what they do and learn from it. When they ask you to do something that seems like low level grunt work, do it and learn everything you can from it. Look for way to make improvements and... — read more
What were your expectations from record profits?
I know many had high expectations from record profits. Wasn't that a little naive though? It is sad that we still think that we are important to them and that the company is willing to share good results with us.
Please complete the anonymous survey
Don’t worry, the survey really is anonymous. Why don’t you believe that? PIPs are not layoffs. The ranking system is transparent, fair, and improved the workforce. Morale is very good. The reason people are leaving is because they want to be closer... — read more
Let’s lose traders, because we have too many IT?
This ks what is wrong with the ineffective, meal and EM culuture-poisoned execs. We are losing necessary professionals that are necessary for our growth plans - like traders and business line experts - through a policy of encouraging attrition (what... — read more
Have Fun?
I noted one of the questions in the “ground breaking” survey mentioned “having fun”, I’ve also recently heard our manager mention having “fun” at work as well. Seems like some consultants have convinced XOM that this is a selling point lol. Does... — read more
Tired of the constant Permian infighting and negativity
I am tired of the constant infighting and negativity in the Permian. People can’t seem to work as a team. Constant complaining about other groups instead of working together to improve things. There are some negative people who just need to go. If... — read more
Exxon sees carbon capture market at $4 trillion by 2050
By Sabrina Valle 19 April 2022 HOUSTON (Reuters) - Exxon Mobil Corp. estimates there will be a $4 trillion market by 2050 for capturing carbon dioxide and storing it underground, the company said in a presentation on Tuesday. That is about 60% of... — read more
Planning exit
How does the pension work if you quit right at 5 years with the company?
Survey
Wow. Seems like folks dont respond to the recent survey. Management scrambling to increase the response rate. Some functions at 15%! What message does this send to MC and what does it mean to our leadership?
This is something we'd all like to know
Where Will ExxonMobil Be in 10 Years? After some really challenging times, ExxonMobil ( XOM 0.82% ) seems to be moving in the right direction. The pandemic-driven destruction of demand for oil and gas hurt ExxonMobil more than other oil companies... — read more
PDS - KO Feedback - Of Course
Of course I will be glad to provide KO feedback for you, with glowing reviews of your skills, personality, and our interactions. You are a rock-star and certainly a high potential! I have nothing to lose by giving great feedback, but I can lose a... — read more
Will high energy prices trigger a recession in Q3?
What are your thoughts?
THE HUMBLING OF EXXONMOBIL
The industrial giant missed the shale bo-m, overspent on projects, and saw its debt rise to $50 billion as its stock plummeted. By Kevin Crowley and Bryan Gruley Source: Bloomberg Darren Woods, chief executive officer of ExxonMobil Corp., was... — read more
Any recruiters here?
How are our recruiting efforts lately? Are we still getting A players? How about B players? I hear candidates are asking for very high total comp - is that true? How about sign up bonuses, I hear that's a must nowadays. Anyhow, fill us in. — read more
WHO IS WHO AT PERMIAN?
Situation when you see engineers having a private conversation about point of views how the boss is handling certain business situation and one of them start to spread the word. Usually talking louder about the private conversation close to the boss... — read more
Oh snap. #Exxodus LinkedIn
How much of a slap to the face is having a trending hash tag on LinkedIn rolling back to ExxonMobil? #smh
Chi Ching! Right vs Wrong at ExxonMobil?
Wondering if there is anyone left within ExxonMobil who is capable of separating right from wrong when it comes to well being of the society, coworkers and even the corporation? It feels like everyone is working to Chi-Ching their pockets, playing... — read more
Why Are We Exploring A Carbon Storage Hub In Australia When We Closed Our Downstream Assets?
ExxonMobil Launches Study for Carbon Capture in South East Australia PUBLISHED APR 15, 2022 5:46 PM BY THE MARITIME EXECUTIVE ExxonMobil is beginning design studies for a carbon capture hub to be located in South East Australia. They are joining a... — read more
Remember when XOM used to hire only the best?
How the times have changed...
How actively you are looking for a new job
or are you still waiting for something to change for the better here, even though you know that the probability of that happening is zero?
ExxonMobil Argentina is in LinkedIn Top 25 companies in Argentina
Yey! Though we got kicked out of Dow we made a top 25 list in Argentina! On the contrary, we are seeing a bunch of Argentenian employees posting their resignatory posts on LinkedIn. Hmm...I wonder who to believe, departing employees or out of touch... — read more
Need direction
How do you look busy while your department is in complete disarray? No work. Meetings to have meetings. No decisions on issues. Never seen this before.
Hard-hitting questions to ask in employee forums?
We have a few regional and global forums coming up over the next month with open Slido pages. A lot of the highly-voted questions are fairly repetitive and have come up before, such as "will we get retroactively reimbursed for the lack of 401k match"... — read more
Competitive advantages
Next week I have two interviews with competitor companies. Sometimes it seems to me that Exxon is no longer better at anything than our direct competitors. I'm exaggerating, but it's not that far from the truth, is it?
What a joke
Remember the time when higher-than-expected quarterly profits meant bonuses for all employees, not just those on top? I'm old enough to remember that. That's when all of us gave our 110% every single day. I can't blame younger generations for... — read more
Employee survey
Anyone take the employee survey? It feels more like a personal evaluation and psychological assessment that can be used to evaluate further efficiency opportunities (as the data privacy notice mentioned that HR will have access to the raw data... — read more
Reduction of management
Just one short question: why do many here think that losing a large percentage of management would improve morale and productivity?
Oil refinery workers in Southampton, UK mount one day strike at ExxonMobil
The largest oil refinery in the UK at Fawley, Southampton, owned by US oil giant ExxonMobil, was hit by a one-day strike last Friday by around 100 workers. The Unite union members are directly employed by three sub-contractors, Trant Engineering... — read more