I quit a few months ago and have decided to cash out my pension as a lump sum. I want to minimize my taxes and I’ve heard you can roll it into the 401k (not sure if this is before tax/after tax/Roth). Is this the best option?
Health Insurance
Does anyone know how long health insurance coverage lasts after separation? Apparently HR functions are nonexistent in Annandale. They just show you the door without providing information. on legal obligations like COBRA.
You can never make some people happy
Stock being the highest it has ever been is a good thing! That means that things are going well and we can consider ourselves safe and enjoy that relaxed feeling for now. No, it might not last but why do we have to start hating something right away... — read more
Don't let the xom stock price rebound deceive you.
It is all "peace and love" from management now that the company is enjoying the tail winds of war/pandemic induced high oil prices. Management is attempting to erase the memory of 2020/2021 by preaching pathetically that the fake performance reviews... — read more
Hey Red Stickers: You are individually owned by EM, but how about a Region?
Apparently, the same way a fracker plucks out the life-bl00d of this company, the company can also suck out the life-bl00d of an entire region of our beloved deep delta south. So easy. So cheap. So We Are. You can plug a couple of buttons to read... — read more
Retirement mistakes to avoid
I no longer think that I'll be able to achieve retirement with this company. Either way, it might be helpful if someone with experience shared tips on how to avoid the worst retirement mistakes.
I hate being lied to
I can deal with not getting a promotion. I can deal with seeing a lazy good-for-nothing friend of somebody high enough get that position., What I'm not okay with is having those above have me jump through hoops while holding that promotion in front... — read more
IDP? Sc--w it
IDP is a farce. Your line manager can change it at a whim and there is no two sh-t you can do about it Oh we value your feedback and opinion in shaping your career, biggest bu-----p spewed. Good luck all and sc--w you to those undeserving brown... — read more
Help with LinkedIn profile
I am starting to put together my LinkedIn profile and I need help to make it more appealing considering the only thing I’ve been doing for the previous 5 years is to put PowerPoints together and properly formatting it (EMprint 10pt always) and... — read more
Attrition
How's the attrition these days? Seems high. Anyone who actually knows want to chime in?
Percentage of those who survive PIP
Theoretically, PIP should help individual employees get back on track and get more successful at their job. In practice, we all know that this is just a way for company to get rid of employees. It is impossible to know for sure, but I am... — read more
The Factory Fills of Lubricants Will Continue to Shrink - Volvo's 2023 EV Decision for the U.S.
Volvo to sell only hybrid or electric vehicles in 2023 Peter Brown 05 May 2022 www.engineering360.com/article Volvo Cars will only sell hybrid or electric vehicles (EVs) in the U.S. starting in 2023, regardless of make and model across low-, mid-... — read more
I miss layoffs
At least when we were worried about layoffs we knew that we wouldn't end up with nothing. Yes, you lose your job but you receive severance that can mean all the difference while you're trying to find something else. Now we have to worry about PIPs... — read more
The leadership has created less productive employees.
When a certain employee has to think about how to survive in this toxic atmosphere at the company, naturally he or she has less time to do the actual work. People that once only had the work on their mind, now have to think about ranking, who to be... — read more
No internal job postings
The reason that we do not have any internal job postings is so that the company can easily promote those who they wish to be leaders and stall the careers of those they don’t. I’d have for the chosen ones to have to interview against is peasants! — read more
I made the decision to retire early
I am not a high CL employee. I am not even exempt, but I’ve been with the company for 30+ years and I have seen quite a lot. I’ve seen the company change from a tough (but reasonable) place to work into a dysfunctional psychological nightmare... — read more
Due to bad mgmt, people just milk the company
Management is very successful at creating a company that everyone wants to milk only. Are they even aware that creating such an environment does enormous damage to EM? People are disappointed and it is quite clear why many look for ways to take... — read more
Losers calling themselves leaders on LinkedIn
Anyone else sick of this sham show? Some of the biggest mor0ns creating LinkedIn posts promoting themselves as leader is cringe worthy. Desperate lowlifes who do not understand an ounce about leadership are trying to get noticed by the management... — read more
3% timing
When is the 3% going to be paid? I have been checking my account since June 1.
Who’s up for an employee union at spring campus?
Promote higher salary, fire DW, end Rankings, WFH, every other Friday off, stocks, real bonuses, anything else?
I'm outt'a here
This company is BS. I've lost too many nights sleep wondering who will win the PIP lottery. I've seen too many good people get PIP'd while others who should be fired without three months pay not only don't get PIP'd but actually get a raise. I figure... — read more
ExxonMobil One Time Lump Sum Pension - Scam or Legitimate?
I'm an EM terminee entitled to a pension. Received a letter for EM One Time Lump Sum payout. Website is: https://ExxonMobil-LumpSum-Window.com Someone though this was a scam for ID theft. Is this legitimate or is it fraudulent??
Lump sum check received
Got my lump sum check addressed to ExxonMobil savings plan but don’t how how to get it added to my Voya profile?
Management Shifts?
Maybe I was just too young to notice when I started out but I felt like my managers were intelligent and knowledgeable. But I feel like each new manager I get is more and more clueless yet more confident. It seems that their confidence is perceived... — read more
Corporate Executives Assess U.S. Economy as Clouds Form
Source: The Wall Street Journal 3 June 2022 By Chip Cutter, Nick Timiraos and Sam Goldfarb Long stretch of universal strength gives way to muddled outlook on labor, markets and consumer spending Over the past week, business leaders have laid out in... — read more
Why am I seeing so many retirements?
I separated from exxon in March so I have no idea whats going on internally but all of a sudden my LinkedIn is flooded with retirement posts. If interest rates are high doesnt that mean retirement is less attractive? Or what am I missing?
ExxonMobil, Shell ‘swallow’ huge $$ losses in Brazil oil exploration setback
By Stabroek News June 3, 2022 https://www.stabroeknews.com/2022/06/03/business/exxonmobil-shell-swallow-huge-losses-in-brazil-oil-exploration-setback/ The international oil companies ExxonMobil and Shell Plc. face what a May 16 Bloomberg report... — read more
The ratio of hard-working people and dead weight
There are still talented and knowledgeable people here, but when you consider the number of useless managers and those employees who in the past probably couldn't even get a job here, the number of hard-working talented people would be shockingly... — read more
The line…
The line to take Cube pics is wrapped around the building. My LinkedIn feed is almost exclusively XOM retirements and resignations. Wait until the bonuses get deposited, then the line will wrap around the campus. Good job DW! Mission Accomplished... — read more
The $100+ per barrel of crude oil is over - OPEC increases production in July 2022
Update: OPEC rips off the band-aid - accelerating production growth targets Jun. 02, 2022 9:58 AM ET By: Nathan Allen, SA News Editor https://seekingalpha.com/news Update: Russia was included in OPEC+ quotas for July 2022, despite rumors Russian... — read more
Stop the scam
The corporation has been a playground for steady scam for over a decade. The astute, knowledgeable and ethical employees are long gone leaving behind the worst culprits and vultures. How will the sane people survive among snakes?
Expat Benefit
Any expats here trying to rationalize why we are still working here ? We don't even get 3% bonus; expat benefit is less attractive. I don't even can afford the same car I had in my home country #sigh
Would you put in the extra effort if you were PIPed?
One person who recently got PIPed told me that he used to work very hard but since they put him on PIP he literally does almost nothing because he absolutely does not believe that extra effort will help him survive. I am trying to put myself in... — read more
Breaking news...
... Yammer posts increase exponentially as we approch the ranking sessions!!!!!
Process for hollowing out a company
When things start to go bad, the people with the most options on the outside leave first. That leaves the good people who see the problems but think they can help fix them. Eventually those people get burned out when the change doesn't materialize... — read more
I keep flying under the radar
It used to be important to me what decisions our leadership makes, I thought it was very important to speak up against bad ideas, I was frustrated by the rise of mediocrity, but now... Now I pretty much don't care at all. I think it is best to accept... — read more
Useless Job Titles
List the most useless job titles that you have seen on announcements. I see the titles of some of these people retiring and think it is amazing that EM paid those people 15 to 40 years doing that useless job scope. I hope many of those stupid... — read more
The parade of unflushables taking their #cubepic
“Today was my last working day before retiring after almost..” 40+ years of service, 30+ years, whatever time they devoted to climb plus the decade of retired in place. They are finally out. And they take the picture to show us they went unscathed... — read more