Exxon has never drilled a well with a $90 cost per bbl. The very highest cost per bbl I know of is some of the small shale operators in the US at about $70/ bbl. Exxon is very conservative and manages it's business very well. Classy company with a lot of good people. Go over to the CVX layoffs and listen to some of the bitching and you'll get an idea of just how great XOM is...
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Since 2002 the number of personnel my department has changed hardly at all. My department is a 'core' with hundreds of employees. We never did over hire. In the last 15 years I've been involved with three major EM operated world-class projects; each coming in under budget and ahead of time. I've been well rewarded for my performance allowing me to raise a family and provide for retirement. My EM experience has been positive; stressfully at times but rewarding.
From my end, I not seen a lot of personnel changes.
Not sure how they can get away with not publicizing the numbers unless they just lay off small numbers at each location of a long time. You are correct that we have not see XM in any of the news/blogs with any numbers, unlike Shell, COP, Chevron, Marathon, Hess, etc. +++
The Worker Adjustment and Retraining Notification Act (WARN) protects workers, their families, and communities by requiring most employers with 100 or more employees to provide notification 60 calendar days in advance of plant closings and mass layoffs.
Have a friend working in Woodlands in XOM. He says XOM does not publicize its layoffs like cvx and others. But there were tons of people laid off already mostly old and closed to retirement people and temps.
He thinks downloadbesttorrentblog.rus will increase if Brent keeps below $50
Agreed with the post above. I have worked for EM for 15 years. This is the worst I have seen it with regards to empty offices and people disappearing. There will be mass layoffs in the form early retirement packages and bottom 20% being laid off
What area of the company do you work in ???
I can confirm that; having worked for EM for +15 years as an employee. In my experience I have not worked for a better run oil company than ExxonMobil. And ... I have worked for several others before ExxonMobil including BP, Arco, UTP and Getty. In my department, the people that get let go are: 1) selected from the bottom 10%, 2) are those who retire with years of experience, 3) are consultants when the project ends, or 4) those that move on for better opportunities. The head count in my department (with over 750) has barley dropped during the last four years. It's a great company and I feel lucky to be retiring (soon) as an employee with the ExxonMobil retirement package. Long after my retirement, I will remember the good people and the great projects that worked on during my time at Exxon. Thanks, in part to Exxon, I have raised and provided for a family; and, my wife and I will retire financially independent. I could not have asked for anything more from an employer.
Now... could things change and EM go through mass layoffs. Yes, I suppose so. But, I have not personally seen that yet in response to this recent downturn.