The CEO "Dareen Woods".....made some good message to all employees today.. a bit late, but frankly it was good... #WeAreExxonMobil
I hope all goes well for everyone...and situation improves sooner for all companies...my prayer goes to all brothers and sisters in the oil patch....
lets end the negativity .... it's going to be hard and very bumpy this time...but we all are resilient and have seen these storms ...lets break the negative mental cycle ...I am not naive , our jobs are at risk...but lets not give up... we all ( XOM, CVX, B,Shell...) will beat it and come out of this stronger, I am sure of that...
#WeAreExxonMobil
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I hope that you and your loved ones are staying safe and healthy as we continue to manage through this unprecedented time. Today’s environment is one of the most difficult our people and our company have faced.
I’m extremely proud of the work we have done to respond to these challenges. Together we have stepped up, keeping our businesses running and ensuring uninterrupted supplies of essential products, while significantly improving safety and environmental performance. We have also taken difficult but decisive action to reduce spending and protect the long-term value of our company.
This response has required extraordinary effort by all of you and is especially impressive given the personal impacts associated with the pandemic. The management committee and I are deeply grateful for all you have done. Once again, you’ve demonstrated the qualities that make this company great.
Despite the significant steps we have already taken, there is still more to do. Most importantly, we must continue efforts to structurally improve the earnings and cash flow performance of the corporation. Fortunately, the work we have done over the past few years has positioned us well. Our investment portfolio remains the strongest in industry, and the organizational changes we’ve made are enabling further improvement opportunities - many of which were in progress prior to the pandemic. Over the last several months, we have accelerated these opportunities while pacing investments.
As part of this effort, each organization has undertaken a country-by-country assessment to determine staffing requirements. Studies for Australia and affiliates in Europe have been completed and communicated to employees. We expect to finalize the remaining studies over the next several months.
I know this work brings added uncertainty to already stressful times. I also know that these decisions can have significant impacts on our colleagues and friends. We are working hard to complete these reviews as quickly as possible, while ensuring a thoughtful and thorough assessment.
I understand the added burden all of this brings, but these actions are necessary to ensure the long-term success of the company. The work we are doing today will result in a more efficient organization that will emerge stronger and better able to compete through the price cycles inherent in our commodity-based business.
Over the long term, we remain committed to our strategy to address the dual challenge of providing affordable energy and mitigating environmental impacts, including the risks of climate change.
Despite the range of views that have been expressed, including from some of our competitors, the fundamentals of our business remain strong. All major third-party analyses - as well as our own - highlight the continuing role our industry will play in providing energy and products to people around the world for decades to come, even under low-carbon scenarios.
As we move forward, your leaders will keep you apprised of developments. And later this month, as we consolidate this year’s corporate plan, I will hold a virtual employee forum to update you on our plan and reaffirm the direction of our company.
In closing, I want to thank you again for your hard work, commitment and resilience. Thanks to your efforts, we are positioning the company to better meet the needs of a growing and prosperous world.
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