Thread regarding ExxonMobil Corp. layoffs

I’ve sold my XOM shares and picked up CVX. Chevron pays a higher dividend and imo they have a better plan for spending capital and positioned for growth.

Reminds me of that futuristic movie where there is a news announcement about the completion of the merger of the final 2 corporations in the world to form one worldwide corporation.

M&A is another example of the American Dream. Quantity, not quality. Epitomised also by the drive to low cost locations.

Time will tell if Pioneer is worth the money.

But this does not give a free pass to all the $Billions of current funding and planned funding on LCS projects that have no clear path to profitability. (My guess is that a lot of overly enthusiastic wannabes will be PIP fodder in LCS as reality hits.)

But we bought a pipeline company (Danbury) for future transportation of CO2 gas. We are investing billions in a hydrogen production center and carbon capture in the Gulf Coast.

We’ve sold or closed about 20 refrineries/downstream sites in the last 10-12 years.

Engine 1 needs to show a return on my investment with their push to divest from oil, gas and fuel products.

"Meanwhile we seem he-l bent on throwing vast sums of capital into green and blue energy such as hydrogen, carbon capture and more recently mining of lithium. Where is the return on my investment as a shareholder?"

Another deluded person. Did you forget that Xom acquired Pioneer at 60 billion?

"I guess we’re just smarter than all the other majors"

You are right on it buddy. We have the smartest employees and shareholders around. Oh man