Did BP’s Sunday announcement make anyone else wish we were better?
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BP had no producing assets in Russia.
BP only committed to selling their interest in Rosneft.
No buyer has been found so BP still making profit from that 19% Rosneft ownership.
BP not making big sacrifices, just publicity.
EM actually stopping production and potentially could lose its assets in Russia.
BP’s Russia presence was night and day from EM’s presence.
BP has percentages of assets and operated nothing. Just a paper exercise to depart.
EM has Billions of dollars worth of assets that EM operates with EM employees.
EM needs to just throttle back to zero and hold on to those assets and employees as long as possible until a truce is reached.
Maintain ownership and keep those EM employees, while pressuring Putin with zero production.
Not a perfect analogy…. But this is like Mexico invading Puerto Rico
…if….
Puerto Rico wanted to be a state, and was being run by comedian George Lopez
And Mexico were a nuclear superpower with 1000 warheads pointed at the US and Europe, and just gave orders to dust off the buttons.
We claimed that we are leaders in our industry. In fact we are followers. We look at what our competitors are doing and we follow. Similar to recycled polymers. Our competitors have started long before we did.
Second the previous reply. Where all of you when XOM supported and profited millions of Iraqi deaths when the US decimated that nation without any proof of weapons of mass destruction? In fact, where are all of you when Saudi eviscerates a school bus full of children in Yemen? I know where you are, asking your SLS for an expat assignment to Kemya. War is bad. Simple. If you have ever or currently working for any oil company, you are complicit in committing and continuing to commit atrocities. EFF off with you moral superiority. Donate money to Ukraine. Go fight on the front. But stfu with the preaching.
And you were beating your chest and high fiving your buddies during the Iraq war. Effin hypocrites.
You're naive if you think the Russia ventures are the only example of "war-mongering and empire-building" in Exxon. Our portfolio is stained with blood; this particular war just happened to have greater visibility in the media than others that have gotten swept under the rug (e.g. Saharan Africa, Middle East, and parts of SE Asia).
Exxon has profited from sustaining corrupt autocrats since forever. Chad, Equatorial Guinea, the human right violations in Indonesia, and the creeps in the Arabian Gulf.
Exxon has always put money first.
The company that gave us the “Russian Order of Friendship” Secretary of State in a pro-Putin administration isn’t going to suddenly grow a conscience.
Premature and foolish?
I have to look my children in the eyes, and demonstrate that I am on the right side of history.
Make all the cracks you want about the ethics of working at an O&G company….but being complicit in war-mongering and empire-building goes against the sound basis of cheap power ushering in economic betterment.
In case ‘slowness to trigger WFH policies during the pandemic’ weren’t telling enough…
Apparently when safety/ethics contradict with profit, the decision becomes quite difficult and requires careful consideration.
It would be premature and foolish to divest our Russian assets, especially with rumors of an imminent ceasefire agreement. Sakhalin 1 alone brings in a ton of value to our business. Shell and BP are cancel-culture mo--ns
There’s no real leadership here. We can’t make a decision to risk the small amount of money we would walk away from in Russia. Get some ba--s DWW. Do what’s right for the world not just shareholders. Wait… this sounds similar to the climate debate. Wants to say that we are right and the world needs us all day long.
When you are in bed with a money laundering Russian mob boss/dictator for 25 years, parting will be difficult but there is no question it is the right thing to do. EM has made a wad of money over that time. It is time to cut the cord and be on the right side of history.
Shameful that we haven’t had an announcement yet.
Shell as well. More for Exxon !