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re: Not A Good Look For ExxonMobil

Posted on 10/17/22 at 4:45 pm to
Posted by Klark Kent
Houston via BR
Member since Jan 2008
70157 posts
Posted on 10/17/22 at 4:45 pm to
As i understand it, it isn’t the lack of ping pong tables and comfy couches nor the lack of DEI programs or green initiatives causing the attrition over there.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
52010 posts
Posted on 10/17/22 at 4:47 pm to
Didn't some activist install some climate change zealots on their board?
Posted by loogaroo
Welsh
Member since Dec 2005
36821 posts
Posted on 10/17/22 at 4:47 pm to
Didn’t Exxon go woke with their new board members?
Posted by Sun God
Member since Jul 2009
47059 posts
Posted on 10/17/22 at 4:50 pm to
quote:

paying field hands $1500 per day or more.


Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
69411 posts
Posted on 10/17/22 at 4:52 pm to
quote:

Aw shite


Dun da da dun dun

frick em in the neck
Posted by dgnx6
Member since Feb 2006
80411 posts
Posted on 10/17/22 at 4:55 pm to
quote:

Exxon Mobil (NYSE:XOM) is making more money than at any time in its 140-year history



quote:

Exxon (XOM) has made important changes recently, including reforming its climate strategy and condensing 11 businesses into three, and it is on track to cut costs by $9B by 2023.


So by cutting costs they are upping their profits? What’s one way to cut costs? Get rid of useless labor.




Posted by The Ramp
Baton Rouge, LA
Member since Jul 2004
12634 posts
Posted on 10/17/22 at 5:01 pm to
quote:

Toxic from:

- actual poison
- wokeism
- not being woke enough

Who knows with today's journalism?


This. I don't believe anything they put out
Posted by kciDAtaE
Member since Apr 2017
17023 posts
Posted on 10/17/22 at 5:11 pm to
quote:

Ah, so the company is trying to get away from what it actually produces and anyone who objects is tossed to the side.


Exxon’s investment in Guyana suggests they are just fine with O&G profits.
Posted by dallastigers
Member since Dec 2003
8370 posts
Posted on 10/17/22 at 5:11 pm to
quote:

Didn't some activist install some climate change zealots on their board?


In 2021 with the backing of BlackRock.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
52010 posts
Posted on 10/17/22 at 5:12 pm to
I'm not an employee but I do have a good chunk of XOM stock so I want them to do well. They are also a major employer in BR.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
70157 posts
Posted on 10/17/22 at 5:28 pm to
also new discoveries announced in the last week off the shore of Guyana. i think your stock will be fine
Posted by killinme_smalls
Baton Rouge
Member since Jul 2005
477 posts
Posted on 10/17/22 at 6:00 pm to
About 20% if that turnover was at the end of June this year before the fed raised the interest rate July 1 demolishing the pension lump sum. It literally cost people 150k of lump sum to stay that 1 extra day.
Posted by BMoney
Baton Rouge
Member since Jan 2005
16665 posts
Posted on 10/17/22 at 6:06 pm to
quote:

Exxon's (XOM) stock is up 60% this year and is near a record high


Sounds like what they’re doing is working well.
Posted by nugget
Abrego Garcia Fan
Member since Dec 2009
15320 posts
Posted on 10/17/22 at 8:19 pm to
I guess all the poors in this thread with no pension don’t understand when interest rates are low and expected to go up, you’re almost forced into retirement
Posted by jeffsdad
Member since Mar 2007
23496 posts
Posted on 10/17/22 at 9:12 pm to
Explain please.
Posted by Cycledude
Member since Jul 2018
1997 posts
Posted on 10/18/22 at 12:02 am to
Many Exxon employees including myself have taken an early retirement because of the rising interest rates in the last year or two. It makes a huge difference in your pension payments!
Posted by BRIllini07
Baton Rouge, LA
Member since Feb 2015
3126 posts
Posted on 10/18/22 at 1:58 am to
quote:

Explain please


Only if someone can explain why this thread is anchored?

If you take the "lump sum" option on your pension, it assumes that you will be able to earn money on that lump sum in a manner consistent with the interest rate (which tracks the fed, and therefore inflation). If interest rates are high, then the lump sum you get upon retirement is lower.

The other option is the fixed income (x amount per month until you die), however for most people lump sum + investment is a better option.
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