Attrition (a.k.a. Downsizing) Will Continue Until our #5 Return on Investment Ranking Returns To #1

Now we know why we need to decrease global CAPEX and OPEX for the next 5 years compared to BP, Total, Shell, and Chevron.

ExxonMobil has dramatically underperformed over any relevant time period according to Bloomberg and Engine #1's Analysis of our Annual Proxy Statements

Source: Bloomberg, ExxonMobil 2021 Proxy Statement, Total Return by year Includes Dividends Pre-Covid (Pre-Covid is defined as February 19, 2020)

Total Returns for Proxy Peers Chevron, Shell, BP, and Total

ExxonMobil Peer Rank by Period
1-yr: 5 of 5
3-yr: 5 of 5
5-yr: 5 of 5
10-yr: 5 of 5

ExxonMobil Total Returns
1-yr: minus18.9%
3-yr: minus 15.9%
5-yr: minus 17.5%
10-yr: 27.8%

Chevron Total Returns
1-yr: minus 3.3%
3-yr: 13.0%
5-yr: 25.6%
10-yr: 117.5%

Shell Total Returns
1-yr: minus 10.4
3-yr: 14.3%
5-yr: 12.9%
10-yr: 104.7%

Total Total Returns
1-yr: minus 4.1%
3-yr: 11.0%
5-yr: 28.3%
10-yr: 83.2%

BP Total Returns
1-yr: minus 8.1%
3-yr: 24.7%
5-yr: 43.9%
10-yr: 34.6%

S&P 500
1-yr: 24.3%
3-yr: 52.8%
5-yr: 78.7%
10-yr: 275.4%

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8 replies (most recent on top)

To be competitive with the other majors who have been cutting OPEX since circa 2008, we will need to reduce our worldwide headcount from 72,000 to approximately 50,000 over the next 5 years. That is a 30% reduction in global headcount.

We have never prided ourselves in being in last place among the majors.

We pay more then other majors. So when the stuff hits the fan we have to cut more then others and we cut higher pay people and those not in vogue (older people, health, smokers, over weight, etc)

good study.

oil companies seem like a bad investment.

That 10-year comparison - $USD right?
Simply does not keep up with the dividends I'm receiving.
Where does all the real money go?

The OP presents numbers and plenty of them. Bloom on!
And some respondees want to politicize it.
Democrat dis, Repugnican nay.

But at least one has it right:
ROI is a complete farce in this business.
"I can see for miles and miles and miles and miles and..."

Do they corrupt the word Clown as a human societal need?
We need real clowns. Not ROI ones.

@zje+1d0uhD5q, I do not think so, you will say a few lessons from XTO CONTRACTORS.

Frankly, the whole idea of reliable ROI numbers from O&G firms is dead.
For more than 15 years - maybe forever.
These "return on investment" numbers are book-cooking conjobs, frankly.

where's the mention of the tax write-offs, government subsidies, behind-the-table deals that make any 'investment' palatable? or just not disgusting?

ROI - really only inside.

You opies with your investment wisdom about a corporate socialist cow that don't calf no more, don't milk no more and hardly got a skin for leather.

My golly.

We cannot continues to cut pole pole and do business as we’ve been doing things. Exxonmobil can use a few lessons from XTO employees and do more with less.

@XOM processes are bloated and often unnecessary.

Thread regarding ExxonMobil Corp. layoffs

Attrition (a.k.a. Downsizing) Will Continue Until our #5 Return on Investment Ranking Returns To #1

8 replies (most recent on top)

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