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Boomerang Earnings Call Q&A

An Analyst asked on the Earnings call if Meg thought there was a scenario where this discovery wouldn't proceed to development. He started his question by saying how big AF described it to be.

She did not answer the Analyst's question about whether there's a way it doesn't get developed.

CO2 is clearly a know issue with these fields. To not answer and dodge the question by sayijg a great team is working the project sounds like reason to run.

Should we be worried we've dug ourselves into a hole we can't get out of with this biggest discovery in 25 years?


The time has come

DW is laser focused on running the org to failure. So rather than fight him, let’s help him. Next time you see poor quality work or a way to help… don’t do it. Even though you may think you’re the better person… don’t do it. Nothing will change until a true failure. So while contrary, push the activity along to failure. There is no longer honor in preserving this legacy… if DW doesn’t see the risk of becoming a takeover when everything fails (see Macondo) then it’s not our job to convince him.
And if you think that you are saving your pension or any other financial security, don’t worry, there are already plans to ki-l those. At this point, we have nothing to lose.


It feels like we're days away from another major bad publicity event

The way things are going right now, there are directors pushing people to adopt new tech, then telling them they can't use for what they were telling them to use it for, because it presents major security risks. Yet people already did.

These bad decisions will just compound the longer this goes on. We're sinking. Fast.


Which positions inside exxonmobil tend to be safest vs. most a risk - Chat GPT AI Summary

Inside ExxonMobil, job security varies a lot by function. The pattern isn’t about “good vs. bad jobs”—it’s about how directly a role ties to revenue and how easy it is to cut or outsource.

Here’s how it typically breaks down:

Roles that tend to be more stable
1) Core operations (production & refining)
Field operators (oil & gas production)
Refinery technicians
Maintenance crews for critical infrastructure

Why they’re safer:
These roles keep oil and gas flowing—the company literally can’t operate without them. Even during downturns, ExxonMobil usually trims elsewhere first.

2) High-value technical specialists
Petroleum engineers
Reservoir engineers
Geoscientists (especially in active drilling regions)
Certain chemical engineers tied to refining

Why:
They directly impact how much oil/gas is found and produced → tied to revenue.

The more your work affects output or efficiency, the safer you generally are.

3) Project-critical roles during growth phases
Engineers and managers on major projects (e.g., offshore developments, LNG, carbon capture)

Why:
If Exxon has already committed billions to a project, they don’t stop midway unless conditions are extreme.

4) New strategic areas (selectively stable)
Carbon capture
Hydrogen
Lower-emissions technologies

Why:
These are long-term investments, though still smaller and not immune to cuts.

Roles with moderate risk
5) IT and data roles (mixed stability)
Data engineers, cybersecurity → more stable
General IT support → more vulnerable

Why:
Some are mission-critical; others can be outsourced or consolidated.

6) Mid-level management
Supervisors, team leads

Why:
They’re needed, but during restructuring Exxon often “flattens” layers of management.

Roles that are most at risk during layoffs
7) Corporate / back-office functions
HR
Finance (non-core roles)
Legal support
Communications / PR

Why:
These don’t directly generate revenue and are easier to cut or centralize.

8) Administrative and support roles
Admin assistants
Internal support staff

Why:
Often reduced through automation or outsourcing.

9) Early-career / less specialized roles
Entry-level positions without niche expertise

Why:
They’re easier to replace or eliminate compared to highly specialized staff.

10) Roles tied to declining or non-core assets
Staff in fields or refineries being sold or shut down

Why:
When Exxon exits a region or asset, those jobs often disappear or transfer.

One important nuance

Even “safe” roles aren’t immune.

Example:

During the COVID downturn, even engineers at ExxonMobil were laid off.
But cuts were still heavier in corporate and support functions.

Simple rule of thumb

Ask yourself:

“If this role disappeared tomorrow, would production or revenue drop immediately?”

Yes → safer
No → higher risk

https://chatgpt.com/


Layoffs in Risk and Compliance

For months conversations have swirled around a changing risk environment @PNC and today, unfortunately several folks in Risk, Compliance and i believe the change office were displaced after an organizational realignment. This comes on the heals of FirstBank and the BAM's. Sadly, it seems like this is just the beginning, not just with PNC, but banking in general. The financial landscape is drastically changing...it feels like 2008 all over again.


Fitch Ratings

LONG TERM INSURER FINANCIAL STRENGTH
DATE : 14-Apr-2026
Fitch Ratings: BBB (negative outlook)

Fitch has issued a No Action for Mutual of America as of 4/14. Still BBB w/negative outlook. just above junk bond status.

negative outflows, management turnover, shifting priorities, slow sales, digital transformation failures are being scrutinized by the credit bureaus.


Corporate Risk Structure: Wells Fargo vs. JPMorgan?

For those familiar with both organizations, how does the Corporate Risk structure at JPMorgan Chase differ from Wells Fargo today? There have been some mentions of aligning more closely with how organizations like JPMC structure their risk functions. Curious if anyone has visibility into what that could look like in practice.


Most warn notices still have projected dates lasting till June 2026

There are enough warn notices that are circulating (state wise) that show execution dates ending till june 2026, so this is not yet over and hence no official communication of all things done - even VP+ who are trying to calm the waters are doing just that - calm the waters, but the sharks are still circling and the reports of 30K with only 12K executed with respect to RIF shows that a larger cut is coming. You bosses have lied to you before many times and are still lying!! If you are not out yet, you are still at risk - 18K is 10% of the current workforce and that is a large risk especially for people over 45, people at IC level with higher pay, people in SaaS/OCI, Sales are almost always risky, but app support is bad now.


Iran claims strike on Oracle data centre in Dubai

Iran's Islamic Revolutionary Guard Corps (IRGC) has claimed it targeted an Oracle data centre in Dubai, following an earlier claim of striking an Amazon cloud facility in Bahrain, in what it describes as retaliation against US-linked infrastructure

Iran on Thursday claimed it struck an Oracle data centre in Dubai, state media reported, in an escalation following an earlier attack on an Amazon cloud site in Bahrain.

In a statement carried by state media, the IRGC said it had directly targeted Oracle’s data centre in Dubai. “Iran Revolutionary Guards say they targeted Oracle data centre in Dubai,” the statement said. The claim could not be independently verified.


AI Risk

Flowers in the townhall: “We are not going to stop focusing on risk. On the contrary. We will continue to focus on risk management.”

Also Flowers: “Pick up co-pilot. Use it. Experiment. Get familiar with it. It is our future”

lol. How many people are using co-pilot to knowingly or unknowingly sp-t out nonsense right now. These banks are highly regulated. Zero controls in place for how outputs are being used. Most managers are reviewing nothing. No one has a clue hoo o w often people are using AI or where.

I’ve seen people submit so much gibberish to me over the past month. Clearly AI outputs.

Good job guys. Not only is RCSA a joke in terms of quality but now we are layering in more risk to every process without understanding the impact.

What could go wrong?


Iran Threatens to Target U.S. Tech Firms if War Continues to Escalate

https://apple.news/A0Y9mYN0LSIKYuDQG5E1m0A

The companies on the list include Cisco; HP; Intel; Oracle; Microsoft; Apple; Google; Meta; IBM; Dell; Palantir; Nvidia; JP Morgan; Tesla; GE; Boeing. Two companies headquartered in the United Arab Emirates were also named: G42, an Abu Dhabi-based artificial intelligence company, and Spire Solutions, a Dubai-based cybersecurity company.


<100k

Prediction is Citi is going to be at <100k employees within 5 years or so. The market will simply demand it. You are delusional if you are in the middle/early part of your career thinking long term at Citi. People in the revenue generating side of things in the business will have a much longer off ramp. However, if you are in operations/ technology/ risk and controls etc then you are being very complacent not actively having a back up plan. These MDs you bootkiss are basically being mandated that they reduce their teams on an ongoing and continuous basis. Jane and her cohort of fu-kwits clearly have highly ambitious plans for RIF


should I stay or should I go now?

with the state of affairs, and the state of the job market in IT in general, if you had a job offer for a similar salary, less but close, less benefits, hard to match the swoosh, would you take it, or hold out at the swoosh for the 'promise' of long term employment for the extra 20k+ per year, maybe 30k if staying, but of course high risk.

that might be a d-mb question, I think anyone reading this just laughed?


Thoughts on this “Teammates”

The Heritage Foundation Submits Shareholder Proposal to Truist Financial Corporation

Published on 03/16/2026 at 07:01 am EDT
S&P Capital IQ
TRUIST FINANCIAL CORPORATION

  • 0.36%
    On March 16, 2026, The Heritage Foundation announced that it has submitted a shareholder proposal from Truist Financial Corporation, requesting the Company to conduct an evaluation and issue a report within the next year, at reasonable cost and excluding proprietary information and disclosure of anything that would constitute an admission of pending litigation, evaluating how Truist?s policies, public statements, and corporate partnerships may be misaligned with the values of its customer base, and how such misalignment may expose the company to significant legal, regulatory, and reputational risk, in connection with the annual meeting of shareholders scheduled to be held on April 28, 2026.

INCREASED PENSION RISK!!!

Apollo (APO) & their insurance subsidiary Athene are big private credit players that are under liquidity pressure due to a market perception of increased credit risk resulting in a sharp decline in APO share price. This is important because AT&T off loaded some of their pension liabilities to Athene.

You could be at risk-PAY ATTENTION!!

Under the group annuity contracts, Athene made an irrevocable commitment and became solely responsible for paying the pension benefits of each transferred participant beginning with their August 2023 pension payments. The transaction did not change the amount of pension benefits payable.

The transaction covered approximately 96,000 AT&T participants and beneficiaries, and was funded directly by assets of the pension trust — requiring no cash or asset contributions by AT&T.


The reality check

Nobody's job is safe here. Not the top people (outside of the C-suite), not the new people, not anyone. You should always know what else is out there. Update the resume, look at postings, keep a feel for the market. I'm not saying interview every week. Just know what's happening. Your role exists because someone decided it does. That can change anytime. If the building burned down tonight, you think they'd keep paying you? No chance. So stay aware.


Anthropic and Palantir

With Anthropic being labeled a supply chain risk by the US government and government contractors like Palantir having to cut ties with Anthropic or lose business with US agencies, how does this affect our AI systems? Does AIG stand behind Anthropic's decision or do they support the US government's decision?


AI and reducing inefficiencies in offshor

Is the company leveraging AI to show how much additional work offshoring has caused onshore employees? Is the company suppressing the results to appease shareholders? How much bad manipulation of AI is going on behind the scenes? There are gatekeepers who know what's up. When will the financial regulators compare AI outputs with what's being reported publicly? Especially in the AML area, are people looking the other way?


AI Risk Forecast

# Job Title Primary Function Why Risk Is Higher with AI
1 Technical Support Engineer Customer issue troubleshooting AI support agents and automated diagnostics reduce ticket handling
2 Customer Success Manager Post-sales adoption and engagement AI analytics tools automate monitoring and outreach
3 Inside Sales Representative Lead generation and qualification AI sales tools automate outreach and scoring
4 Sales Operations Analyst CRM reporting and pipeline analysis AI dashboards automate sales analytics
5 QA Engineer (Manual Testing) Manual software testing Automated AI testing frameworks replace manual testing
6 Program Manager (Non-Technical) Coordination and project tracking AI workflow tools reduce coordination overhead
7 Implementation Consultant Deploy Oracle SaaS for customers Standardized AI deployment templates reduce manual work
8 Systems Administrator Internal infrastructure management AI monitoring and auto-remediation replace routine tasks
9 NOC / Cloud Operations Engineer (L1/L2) Infrastructure monitoring and alert handling AI observability tools automate incident response
10 Marketing Operations Specialist Campaign management and marketing automation AI marketing platforms automate segmentation and campaigns
11 Recruiting Coordinator Hiring logistics and scheduling AI recruiting tools reduce manual coordination
12 Business Analyst (Internal Ops) Internal reporting and analytics AI copilots automate data analysis and reporting