Recently resigned and have greatly enjoyed this XOM layoff thread. Multiple times, the news I got here was faster and more accurate than the usual, formal channels. And the trolls (on all sides) here add a nice extra dimension to the Dilbert-like... — read more 

Has everyone left the industry, or has anyone moved to Chevron and shell? Is it more of the same?

I have alway reinvested the dividend in the 401k plan. If you elect to get distribution checks mailed to you, are you penalized if you’re not yet retirement eligible, or are you just taxed at normal income level rates?

I have always received positive feedback on my performance (always top 3rd) except the last one. I got a feedback of NI but not PIP. I have no freaking idea why NI. It was insulting. Last year was stellar in terms of meeting all the goals and... — read more 

Is it time? Why do we have a amazing campus but a trash balance sheet? We are honestly struggling to move anywhere, we have people quitting left and right (from people who just started a year or two ago) to people who have been with the company for... — read more 

My boss told me that I will pass PIP, but at this time I want to quit anyway. Should I wait till the PIP is over and then turn in the resignation letter? I thought about quitting immediately but I don't want that the company terminate my employment... — read more 

Every day on LinkedIn I get 3-5 posts on my feed of people leaving Exxon, smiling in front of the cube extolling the fantastic work experience at the company. People at XOM can’t even be honest - even when they have left the building. As an... — read more 

November 3, 2021 By Sabrina Valle Reuters.com HOUSTON, Nov 3 (Reuters) - Exxon Mobil Corp (XOM.N) on Wednesday said for the first time in a securities filingthat some of its oil and gas properties may face impairment due to climate change. The... — read more 

Many managers encouraged employees to come dressed in Halloween costumes. This was their lame attempt to lift morale. I haven’t seen a more tone deaf and pathetic bunch of loser managers. After years of abusing, pipping off and laying off employees... — read more 

Why do managers continue to put unqualified people into roles as “development opportunities”? I thought the objective is to accelerate and achieve results. Is this favoritism at work? Or is this a training ground? Or a power grab to create... — read more 

https://seekingalpha.com/article/4464818-exxon-mobil-moving-past-dividend-cut-arguments Exxon Mobil has been a whipping boy in the financial press. Sentiment is starting to change. Q3 2021 results were exquisite in many ways, with positives... — read more 

I am disillusioned with the company and looking for other jobs. Was considering though sticking around til next cycle to volunteer as PIP tribute to get the PIL and take one for the team. While I don’t think anyone’s safe anymore, I’m historically... — read more 

Look, here's the reality. Every company that has ever existed anywhere is trying to ki-l you. I've working for 892 companies, and every single one has forced ranking, high-percentage PIPs, and genocide. If you are looking for greener grass, just know... — read more 

By Irina Vilcu and Kevin Crowley Updated on November 2, 2021, 2:38 PM CDT Source: Bloomberg Exxon Mobil Corp. agreed to sell its 50% stake in a deepwater natural gas project in the Black Sea to Romania’s state-owned Romgaz SA for $1.06 billion. The... — read more 

One of the reasons I got out was the unbelievable way the C Suite rewarded themselves yet hung everyone else out to dry. Borrowing to pay the dividend since it lines their pockets with millions along with the bonuses while layoffs and PIPs were... — read more 

Folks, we’ve got fresh material served by friendly managers crawling out of the woodwork after dark: Forced ranking at the end of the day is how every company works All of these complaints about sponsors and brownosing is literally how the... — read more 

I hear that XOM has a complicated culture and that it prefers to promote within. I also heard that Experienced Hires have difficult time after joining the company and that many leave very quickly. Do you mind chiming in on the topic as I have been... — read more 

I always see posts but I never know who's on this site? Do you mind sharing what group you are with?

All, any insights on the best approach to take care of the pension payout after quitting? Do people just put it in regular investment account or are there efficient ways to put it in other sorts of retirement (ira/Roth/other) to minimize tax? Thanks — read more 

The numbers are finalized

It just rubs salt into the wound knowing what we had and lost. When we were not only the biggest energy company in the country but the largest publicly traded company, period, and when that was reflected in our pay, benefits, and job security. To go... — read more 

Please post the truths you have seen and witnessed at Exxonmobil. In my time I have seen the following. Worthless protected employees not PIPed when hard working employees got PIPed. Safety violations and violators getting off and protected... — read more 

Here are his quotes: "Last year during the pandemic, we worked to improve our cost structure by $3 billion versus 2019. That progress continued in the third quarter. Our structural costs are now $4.5 billion lower than 2019 on an annual basis. With... — read more 

All at the same time. How does that make any sense?

What happened in the Downstream's natural gas and liquids supply trading groups in the 3Q? We had a 2Q loss in the mark to market trading of $700 million. No mention in the 3Q earnings report that I could find. Lost big $$$ in 1Q as well. In... — read more 

The goal is $15B by YE2021. With the British North Sea we get to $7.5 to 8B by YE. I know I am on 3 NDAs but little progress after a lot of work on a lot of folks part. Why can't we close the deal? Has Dallas changed its mind?

With the return of respectable profits, dividend increases, and stock buy backs as well as the hope of a future money making machine in CCS my management took a moment, as all infallible leaders would do in such circumstances, to recognize all the... — read more 

https://www.bbc.com/news/av/entertainment-arts-59101408

https://www.reuters.com/business/energy/exxon-mobil-posts-highest-quarterly-profit-nearly-four-years-2021-10-29/

I could not attend the presentation and really have no time to read it. So I asked my 12-year old nephew to review and summarize. 3Q21: lower operating expenses lower planned maintenance activity structural cost reductions lower overall development... — read more 

What's your take on this “initiative” and how do you think it will translate into your organisation?

Is management smart enough to know how this will impact perception of compensation? Personally, this seems like a preliminary slap in the face. 2 years of no raises (and cut of 401k matching) and inflation would reason that raises less than 5% will... — read more 

Why do you disrespect everyone by not valuing others time by starting late?

EM has thrown away over $200 Billion in stock buybacks in the past, yet the stock price trended downward anyway. If EM had kept that $200 Billion in a rainy day fund then we would have never gone into debt, ran out of money for projects, or had to... — read more 

https://finance.yahoo.com/news/exxon-tells-locked-texas-refinery-012031417.html Seems poor negotiating strategy to tell them (and the world) they are underpaid....

Corporate Strategic Research, CSR in Clinton New Jersey is where frauds with lame PhD degrees who couldn't be hired anywhere else run amok. Where the cutting edge research is nothing but: high school level pi chart and bar chart plots in powerpoint... — read more 

https://www.barrons.com/articles/exxon-mobil-stock-dividend-aristrocrat-51635365082

Question from Congresswoman Presley: what percentage of your revenue is spent in training your workers to work on renewable energy? Answer by DW: eh Um I would have to look eh umm I don’t have eh ZERO - ducking zero. They barely spent into any... — read more 

Just noticed online that DW was given 205,000 shares on 24 November 2020. That is just before the layoff due to EM poor performance and planning of our senior management. I recall that EM management had a lesson learned at our previous layoff to... — read more