Selling Assets - Endgame? - post regarding ExxonMobil Corp. layoffs

Selling Assets - Endgame?

It’s clear the company is selling assets (Billings, Trecate, California, Norway, Spring Campus, NJ ?). But why now when so much cash is already being generated? Is this to fund other growth …. Guyana, China, Chemical, LCS - which will never make money….

Or is this to reposition the company for merger, acquisition or even sale? We’re also buying lots of stock back which has to be more than just returning value to shareholders.

Regardless, management will be rewarded while the employees will bear the brunt of future changes.

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Management is positioning the company for future size / state. It's positioning for future M&A attractiveness (companies are bought and sold for their value, not their employee counts). By 2027, xom will be part of a larger organization and any remaining "dying" assets will be sold as part of the antitrust requirements. Management knows the energy transition is coming, they just don't know how quickly so they are milking every cent in the interim. The strategy makes complete sense, just unfortunate if you're an employee between now and 2035... The key metric to watch: US employee count.

Focusing investment in the spaces it sees as highest return and least exposed to non return expense. Go Americans leveraged by low cost resources in other parts of the world.

For once the company is doing the right thing. Selling when prices are high and the market is on an up, and not the other way around

Thread regarding ExxonMobil Corp. layoffs

Selling Assets - Endgame?

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