The last few years of your career should be your best and most enjoyable as you are supposed to be in roles where you can mentor for succession planning to keep your investment in the company and stock prices continue to rise. XOM has now made those people a target to eliminate. I see senior technical people retiring and some surprisingly resigning before retirement eligibility in a company that is already stretched for talent and experience. Once they get rid of the NRE's which is evident in their plans, there won't be anyone to pass on the practical knowledge on to the next generation. But, do they care?
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As of 31 July 2026, we have booked $16.3 billion in structural cost savings since 2019. Our CEO announced at the quarterly earnings on 31 July 206 that we expect to book a cumulative $20 billion in structural cost savings by 2030 compared to 2019.
Yes, NSI/NI and PIP will continue until 2030. Only $4 billion in cost savings to goal.
Rules of mentoring:
1) never mentor anyone in your Rank Group
2) never mentor during normal working hours (I only mentored before 7 am and after 5 PM to determine whether the mentee was serious about being mentored).
3) never mentor during your prime productivity hours ...if you are a morning person, mentor after lunch.
4) Lunch and coffee breaks are good times to mentor
5) mainly do your job...not someone else or you won't be around to mentor
6) good to make them ask 2 or 3 times; usually, they can figure it out on their own
7) Do not be rude, simply tell them I have to get something done right , but I am available at 5:30
@f6 Same!!!
I quit worrying about mentoring when the company we-ponized the ranking system.
I’m ONLY concerned with staying out of the bottom of the rankings and retiring when I want to.
Why would I help the competition? It’s all about me.
All of them are usless and redundant, AI can do anyting and knows everything.
SME here that left a few years ago, and is now back as a contractor making nearly 3X my prior salary without any of the ranking BS. Works for me.
@OP, hahahahah, you fell for the mentoring time of life bull cr-p?! That was just a ploy to move experienced people out of the way to make room for inexperienced HiPo’s. It was a ploy to take your ongoing achievements and assign them to the latest junior HiPo. Enjoy your VG ranking for now but keep looking over your shoulder for the inevitable PIP.
Any statistics or percentages on how many NREs exist today and were targeted this year for a PIP?
I think the strategy is to keep cutting costs, which includes staffing up in the BTC. There are enough annuitants willing to work as contractors for a time to fill in the gaps.
@OP why would they care? It’s race to the bottom for a sinking ship.