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re: GEOTUS tweeted Rex Tillerson is dumb as a rock.
Posted on 12/7/18 at 3:37 pm to GumboPot
Posted on 12/7/18 at 3:37 pm to GumboPot
So hate to out myself but I work for XOM and can say 100% that executives within hold similar view. He would make decisions in isolation hamstringing the various business lines. His decisions lacked proper deliberation and ended with us having lots of bad assets to manage. Hence why the stock price has remained flat for over a decade. His major moves: Canadian oil sands, Russian JV in the arctic, Kurdistan, XTO, exploration activities in places we couldn’t possibly extract from... he micromanaged the hell out of Iraq. More focused on proved reserve replacement rather than cash flow, returns and reducing produced cost per bbl.
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