https://www.bloomberg.com/news/articles/2021-12-31/calstrs-says-exxon-in-danger-of-being-next-blockbuster-kodak
With the way the corporation only cares about the next 6 months to a year in terms of their staffing, project outlooks, etc. and very slow to adjust their corporate strategies, adopt technologies, this result isn’t far off. May not disappear but certainly drastic changes could be in the near future.
They could actually do a vast amount of work in the whole “energy” industry. Many years of ignoring opportunities, utilizing their staffing resources instead of wholesale PIP, layoffs, there could be implementation in broader energy arenas. Really though the biggest issue is senior management to CEO creating a horrible toxic culture.