SELL KEARL.....FOR GODS SAKE

Lets keep it simple and to the point.

We need to sell/abandon/destroy Kearl....its an asset ....ummm "ASSet" that has earned the company a whole $0 over the past 10 years its been in operation. We dont know how to run oil sands mining operations lets face it ... its the reality...so we should sell that cr-ap to someone that DOES know how to run it like CNRL or SU.

People at Kearl are the most overpaid and underperforming bunch i have ever seen.......u guys want higher raises...well guess what we can AFFORD higher raises if we sell cr-ap like Kearl and use that money to develop our assets in Guyana or perhaps even use it to buy hydrogen to burn at our freaking refineries like god da-mn.

Tbh Imperial as a whole is a waste of XOMs time and effort.........we all know Canadians and their pi-isss poor work ethics.

Comment! It's anonymous!

11 replies (most recent on top)

As others have noted, IOL would be much more competitive locally without Exxon as an owner.

Canada is a high cost country to operate in as it is, nevermind the overhead and endless corporate process that XOM adds.

If Exxon sells IOL, Exxon will release about 8% enterprise value but will have to find home for about their 12-15% of allocation cost. IOL as an affiliated company bears so much allocation cost through EMLT that it takes a specialist in controller to deal with all of these allocation charges.

Good luck redistributing 12+% overhead cost to the remaining countries/business units... Or finally all those useless HQ SME will finally be sent home packing.

Imperial Oil would be much more profitable without their overlord ExxonMobil Corporation.

We must remember that 50% of Imperial Oil's allocated employee expenses is an overhead tax imposed by ExxonMobil Corporation in Houston.

Remember when the module debacle. They had to cut them all up and then reassemble. No heads rolled for that mess. Sponsor much?

Get rid of Mr PP who launched from there to Guyana as well.

XOM needs to sell all of Canadian assets. The only thing worse than the Canadian work ethic is their level of competence.

Not all Canadians are useless, it’s just that 99% give the other 1% a bad name.

All other international players have pulled out of the oil sands. Total. Shell. KEARL has been a thorn in XOMs side precisely because they keep sticking their nose into a business they don’t and apparently can’t understand. If Imperial had been left to make its own decisions about KEARL, and our other assets for that matter, no the Kearl and Imperial would be much more profitable than they are today. And just fyi Kearl has made a sh-t-tonne of $$$. The fact that you’ve overlain that with your allocation expenses to pay for all Houston and Dallas fat cats is what has left us looking unprofitable.

Company MGMT pumps up benefits of IOL integration and expertise from Exxon... All IOL gets is large allocation expenses and above field and head office charges plus 10 extra layers of approvals.

Truly the level of expert advice IOL gets from Exxon is embarrassing. Technical SME in Houston are still using stone tablets and papyrus paper

Imperial Canadian here….. please sell us.
Please

Unless I’m looking for someone to process maple syrup, there is no use for our Canadian employees.

Someone is having a constipation and trying to sh1t Kearl.

Thread regarding ExxonMobil Corp. layoffs

SELL KEARL.....FOR GODS SAKE

11 replies (most recent on top)

Post a reply