Highest profits, and we still have to fear HC10 compensation and job cuts. Isn't that sad? The recent quarter saw highest revenue in years, and it means nothing for us. We have had nonstop cuts and we still have to worry about cuts on a daily basis. Whatever happens, we never come out on top as peasants. Only the executives win and they never have enough and always want more from us.
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@xr well said. I think the way to really get ahead involves being an entrepreneur
@OP Yeah, it seems it's all rich man's game and I'm just a step on my boss's ladder. Literally I tumble out of bed every morning, pour my a cup of ambition, and go to work from 9 to 5. I have all these dreams and he can't take those away, but he takes all my ideas, my credit, my time, and my sanity. My whole life I spend putting money in his wallet while I barely get by. Then I think, surely we're all in the same boat here? Surely one day my ship will come in? Will it ever? I don't know. Just something I've been thinking about. Maybe I will write a song about it someday.
@bc don’t worry DW and buddies will get a very nice bonus
What a joke EM is, would it be that hard to show a little appreciation to employees. Yeah I get we have a salary, but also we have the constant threat of being fired.
Not a place I plan to stay at.
EM putting all effort into chasing millions in structural savings while risking billions on id--ts willing to work for 1/10 normal salary.
Chevron has a one time bonus and we are supposedly ahead of them when it comes to structural savings.
Sacrifice when things are bad, continue to sacrifice when things great. Thanks Darren
I’d challenge you to think of it another way. High oil prices are just hiding the current mess. If we understand the current profits, think of the billions left on table due to money slipping out the door, unnoticed and unmeasured, as we transition to poorly supported and executed outsourcing.
High oil prices will lead to high profit….as more and more people resign due to poor incentives, compensation, company culture etc. it won’t be noticed as long as oil prices are high.
Then when oil prices fall, it will all be laid bare.
If you save the company a $1 for shareholders, they want $2 the next year. That extra $ not going to salaries.
DW has made it very clear that shareholders come first, at the expense of employees. Better to be a shareholder than an employee these days (until DW's short term cuts come crashing down, but that'll likely be for the next CEO to deal with).
@ag you think family owned and startups are the only companies who provide variable comp based on company performance?
Direct competitors do this
For a publicly traded company, a really good quarter just means pressure to have an even better next quarter. Quickest way to increase profit is to cut expensive heads.
And yes relative to other countries and even the US we make a high salary, like top 10% high.
Finally, you work for a mega corporation and you simply do not matter to them. Your part is to extract what you can from them. If you want to share in profits you need to go work for a small family owned company or start-up.
Just another gamble to the ones in control . Some peanuts to the serfs and move along.
I left Exxon in 2024 after ~10y for an independent E&P and the variable comp stacking up from high oil prices / company performance in just one year will give me a significant raise in the next few years over my previous XOM salary.
Refreshing when a company shares the profits with their employees
It could be a great place to work, shame it has been ruined by unchecked greed.
What exactly is your contribution to the windfall profits, which should be rewarded?
Why aren't we all getting significant pay increases?
Shouldn't we get a piece of strong oil prices and profitability?