Those who must destroy others to succeed must know, Destruction awaits them at the gate of their success
Is BTC a success?
Want to hear from BTC employees and folks who work with them. Do note the management is all expat at this time.
We need people who are not afraid of change
XOM is an old-school company through and through. Any progressive thinking that could shake up the already established system and change things for the better is nipped in the bud. We desperately need people in management who can stand up to this... — read more
Before you move to a new town in retirement, check the local Walmart – and 5 other hard-learned lessons
Before you move to a new town in retirement, check the local Walmart – and 5 other hard-learned lessons 30 April... — read more
EM Beaumont essential workers
Why is Beaumont locking out their "essential" personnel?
ExxonMobil facing US$4M payout to Texas county after failing tax abatement compliance
ExxonMobil facing US$4M payout to Texas county after failing tax abatement compliance did not create the required number of... — read more
Anything to look forward to?
I am in the downstream lubes organization, and my morale has never been lower. We lost a lot of good people through the cuts and "encouraged" retirements last year, and everyone has been pulling double duty for months now with no relief in... — read more
Hey EMIT! What’s up with the resignations?
Is anything being done to stop the bleeding in EMIT? Does anyone even care that so many are leaving? I think all of the good ones are gone.
Stay in Houston. Don't move to Midland unless you want to lose $$$$$
Another reason to turn down the assignment to move to Midland or Carlsbad. Home prices! Home prices in Midland are much more expensive than Houston. Difference being that Houston home prices are increasing dramaticaly right now while Midland prices... — read more
Rotating Positions?
How is it being a rotator at EM? How’s the work-life balance? Does it generally last your entire career with them? Are they receptive in letting you transfer to a regular 9-5 later in your career? I heard it is more of a “we hired you for this... — read more
How bad is attrition really? Are Leadership worried or happy if it’s part of the plan
I keep hearing that attrition is out of control in Houston / Midland but haven’t seen any reaction from Leadership. Is this part of the plan to keep morale low so people leave on their own? I’ve never seen the level of trust this low in the company — read more
Is the ExxonMobil proxy vote anonymous?
We keep being bombarded to vote by ExxonMobil in the upcoming Annual Vote (Vote Blue / Vote White). Just checking if anyone know if this is track or anonymous. I used to trust the company and never voted against the recommendations but seriously... — read more
XOM Stuck around 60 - any advice/warnings for Reallocating 'General Fund' of 401K
I don't think the company stock is going to budge up any time soon. Meanwhile, the other 401K fund allocation options continue to rise. I've got way too much of my 401K in the XOM bucket. EM-bare-a$$ed to say the percentage. I'd like to... — read more
XOM Beats with Strong Q1 Results, While CVX Misses
Estimates: Earnings are seen rising 11% to 59 cents per share but revenue is expected to fall 2% to $55.2 billion. Results: EPS of 65 cents on revenue of $59.15 billion. Operating cash flow jumped 48% to $9.3 billion drove debt reduction of more... — read more
Expats, fu---d again.
At this point I'm pretty sure the company's goal is to make you quit. It's the only way their current benefit reduction strategy makes sense. Check your tmo emails today. Experienced hire here. Newsflash to the lifers, this company is not... — read more
Upstream Connections
The lengthy new quarterly upstream communication? ‘President’s Reflections’? Are they for real? Do they think people care about what they say? Start by being human and then maybe. Atleast be honest with employees. You are not leaders, you are... — read more
Another #Winning story from Iraq failure of Exxon,details of which you wont get to hear about
https://www.iraq-businessnews.com/2021/04/29/the-demise-of-exxonmobil-in-the-iraqi-petroleum-sector/ Surprise surprise, you dont see this stuff on the home page, rather some poor people pictures for malaria or whatever that BS PR is, probably a... — read more
How do you research a company?
When you are looking for a new job and are considering accepting an offer from a company, how do you research it to make sure it doesn't have the same issues as XOM? I don't think Glassdoor and Indeed are the best indicators of either the good or the... — read more
Today is the last day for some of the Singapore EMIT retrenched staff. I know this is a difficult time but u will get through this.
Don't give up. Keep fighting!
Company’s latest attempt to use magical thinking to resist change
Great summary by a Harvard Business School Professor on the Engine No.1 slide deck. ‘’ A concise summary of the reality of ExxonMobil’s corporate strategy is, “As long as there’s oil and gas out there, we’re gonna drill for it. No matter the cost... — read more
Top 6 Countries for IT Outsourcing in Eastern Europe - It is all about OPEX
Top 6 Countries for IT Outsourcing in Eastern Europe (use hyperlink for the details) Iva Kozlovskaya, Managing Partner Apr 20, 2021 https://qubit-labs.com/it-outsourcing-eastern-europe-destinations/ TOP 6 Belarus, Bulgaria, Hungary, Poland... — read more
When Will We Finally Get A Gold Watch?
When Will We Finally Get A Gold Watch? The retirement party will all but disappear. So will retirement By John Cloud Monday, Feb. 21, 2000 Source: Time Magazine http://content.time.com/time/subscriber/article/0,33009,996169,00.html Remember... — read more
“Return to work”
I understand no CL bumps or raises. I can even stomach the 401(k) match going away for a few years. But words matter, and I swear, if I hear the campus repopulation efforts referenced as a “return to work” ONE more time, I might lose it. Sure... — read more
Will expats leave India?
State department says to leave India as soon as possible. https://www.msn.com/en-us/news/world/us-tells-citizens-to-leave-india-as-covid-crisis-deepens/ar-BB1ga78S
Accomplishments of VP of IT
What are some of the accomplishments that the VP of IT has delivered on?
The greatest indicator of authentic leadership according to the Oracle of Omaha.
Warren Buffett: Your Measure of Success at the End of Your Life Comes Down to This 'Ultimate Test' Marcel Schwantes 6 hrs ago Source:... — read more
ExxonMobil, Impairments, the SEC, and Benford's Law
ExxonMobil, Impairments, and the SEC POSTED ON JANUARY 25, 2021 BY MADELEINE CONLEY by Audit Analytics https://blog.auditanalytics.com/exxonmobil-impairments-and-the-sec/ On November 24, 2020, ExxonMobil Corporation [NYSE: XOM] issued a press... — read more
Carbon Capture at ExxonMobil - Facts
How competent are we actually in CCS technology? I find it hard to believe bcause nothing that I have seen come put in the last decade is short of a blatant LIE. The algae project, the Permian projections, the ‘strategy’, the failed reorgs, the... — read more
Middle age engineer
I am a middle age engineer. I’ve done well at the company but am not receiving RSUs. Always somewhere in the middle. I used to consider myself a loyal lifer. After seeing how people were treated I want to leave but am not sure where to start. Any... — read more
The company’s current plan assumes flat production volumes while still generating excess cash at $50 per barrel Brent.
ExxonMobil commits to grow shareholder value IRVING, 10 hours, 36 minutes ago TradeArabia News Service http://companies.einnews.com/article/539563970/fEwGRav0DZOfGoM3 ExxonMobil has released a detailed investor presentation reiterating the... — read more
HR Benchmarking
Why is it that HR can cut benefits so fast at the first sign of trouble but takes months and months and months if ever to reinstate them?
Forcing everyone back in the office full time... I’m quitting
We are very much still in the middle of a pandemic regardless of what Fox News wants you to think. Houston is home to every variation of COVID–19 that exist. The only reason I was OK returning to the office was the alternating schedule. Well... — read more
Morale Problem Solved
Offer 2/2/2 package (2 years age, 2 years service, 2 weeks pay for each year service) and everyone 53+ would be GONE. Then announce 0% NSI in 2021 with the restoration of 7% match and raises.
Exxon retreated from oil trading in pandemic as rivals made fortunes
Devika Krishna Kumar and Gary McWilliams Mon, April 26, 2021, 4:06 AM·6 min read https://finance.yahoo.com/news/exxon-retreated-oil-trading-pandemic-110606349.html By Devika Krishna Kumar and Gary McWilliams NEW YORK/HOUSTON (Reuters) -... — read more
I know it's you
That's right, I know you've been posting on this board. Look up from your phone, LOOK ME IN THE EYE let's grab lunch
$4B Opportunity Lost! PIP The Chairman and a few Presidents for P***Poor Comparative Performance
Exxon retreated from oil trading in pandemic as rivals made fortunes Some of Exxon’s biggest rivals made enormous trading profits last year as their traders bought oil and stored it when prices plunged, then sold it at higher prices for future... — read more
Union calls on Exxon to continue Texas Beaumont refinery contract talks despite lockout threat by XOM
Union calls on Exxon to continue Texas Beaumont refinery contract talks despite lockout threat by XOM 26 April 2021 By Erwin... — read more
More proof of this management's incompetence
This shouldn't surprise anybody. "Exxon Mobil’s effort to build an energy trading business to compete with those of European oil majors unraveled quickly last year as the firm slashed the unit’s funding amid broader spending cuts, 10 people familiar... — read more
Sunday night gloom
I used to look forward to work. Now I feel gloom and discouragement.