$4B OpEx reductions in 2022 = ??? PIP

If I understand it correctly from DW’s speech, OPEC reduction this year will be $4B, which is More than the last 2 years ($2B in 2021, and $3B in 2020).

If I do a simple math, the number of people to PIP this year will have to be more than 2020/21? But, how is it even possible? We don’t even have the people to PIP?

The only option I can think of is to PIP a bigger portion of “North American” offices, and move the jobs to the BTs. That is the only way to keep production going. And this time, it is not just Houston, it has to include the assets too, in a big way. That is why i am saying “North America “.

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Please list the assets that are actively being marketed.

Assets are for sale and this time the engineers who support them will be sold with the asset. Includes engineers based in Houston. If you are supporting an asset that is for sale be afraid

Isn’t it ironic that while the pro-Trump crowd are the ones trying to make XOM great post-Covid, they are executing it by moving almost all of the jobs out of the USA?! So the great American oil company will be run elsewhere with a handful of people in the USA. Maybe Dallas should have moved to Bangalore or Prague?
Young talent is smart. Once they understand the story, they will chose another employee opportunities!

OP, we are all fu---d in North America. It is the end of the road for ExxonMobil North America.

OP I believe that number is cumulative, not annual. But maybe I misunderstood

4 Billion in OPEX reduction , Annandale and reduction of “Research “ are part of this equation. The corporation is not getting much return for the Huge investment in this facility. Place is falling apart, run to failure. There is a plan . Management here is corrupt.

Thread regarding ExxonMobil Corp. layoffs

$4B OpEx reductions in 2022 = ??? PIP

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