The people running Exxon have no clue what they're doing. They're making terrible calls that are going to sink the company and take all our jobs with it. Does anyone have faith they can actually steer us to safety?
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Huge safety event is all but inevitable. Too many corners being cut. I think it could be a BP level disaster, so, I encourage everyone to diversify their stock out of ExxonMobil.
The stock going up is short-term and destined to crater once the cuts manifest
Just who is 'us' in your scenario?
@OP short answer - nope
There’s still a small pocket of competent leadership that understands the business and the people doing the work, but it’s shrinking as more experienced 50+ employees age out. Things changed for the worse starting in 2005 when the company narrowed its recruiting to a very credential heavy, college focused profile. Academic pedigrees began substituting for judgment, experience, and adaptability. The result is leadership that looks polished in PowerPoint and confident in meetings, but whose ideas repeatedly fail when they meet real operators. The company urgently needs better ways to measure talent, because the ability to afford an expensive education has proven to be a poor proxy for competence.
Indeed. It’s pointless to worry about things you can’t change. And for the record, every oil company right now is shrinking rapidly in all regards but stock price. And the only reason the stock prices aren’t going down is humongous buybacks.
Solar, batteries, and EVs are the best they have ever been and there are no signs to the end of their improvement. They’re also super cheap. Do not bet on an oil future with your career. Sure, it will always be around, but do you really want to struggle through bi-annual layoffs for the rest of your working life in order to ride this roller coaster to the bottom?
Only if you’re near retirement.
@OP you could do better? Probably not
Leave running the company to brilliant people like DW
BTW you’re a mo--n
@aa More like 1-3%
"You have to assemble your life yourself, action by action." Marcus Aurelius
If you no longer feel like you belong, either you’ve grown and changed or the organization has changed. There are good bosses, organizations and causes needing your talents.
@aa very opportunistic view point. A shareholder always has alternatives and the increase in XOM share price value vs for instance Dow Jones , NASDAQ etc increase over last 10 year under performed by at least 100% - so staying invested in XOM over last year destroyed actually shareholder value considering the alternatives available.
The main cause of this underperformance is due to poor investment decisions during that period and leadership, of which most are now in the senior leadership positions, were not held accountable. The COVID period exacerbated the underperformance of those investments and led to drastic cost management, some needed , that should have been done earlier though in a much more thoughtful approach.
From a shareholder perspective, there is always an alternative and over a 10 year period XOM still lacks major indices …
I agree with this post. This is what is happening the entire country. Everything is we-ponized and everyone is greedy. Xom is just a microcosm of the country. There are wins happening but they are just dragging out the inevitable. Talk to me in 2030.
@a1 exactly!
As said below, >140$. American capitalism rules... What on Earth are you moaning about? This is the American Dream!
What, you're realising that the American Dream is BS and it's a rigged game?
Better to be a stockholder than an employee. Our stock price at the close of the New York Stock Exchange on 30 January 2026 hit an all-time high of $141.61 USD.
The January 2026 year-to-date increase around 16.7%.
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Best not to worry about it. Collect checks, spend time with family, do the bare minimum, and try to learn something until you get pushed out or find another job.