XoM CEO Darren Woods to announce his retirement in order to usher in a new leadership change to deal with the rapid change in oil futures. Woods had famously 'doubled down' on the company's oil exploration and processing business anticipating a growing demand for fossil fuel based energy that would drive the company's investments in chemicals and oil based products. However, these big bets have never materialized and XoM has been battered by Covid and oil price wars, it's stock has lost close to 50% of it's value in the last six months threatening it's cherished dividend. Investors see this as an opportunity for XoM to re-assess it's direction and being in new leadership to help guide it to a more growth oriented direction. #investments #personalfinance #layoffs
Source?
Lies
lol what?
What? Lol
Keep going I’m almost there
You've gotta give a source when you say something like that
Troll! OPs bio says he was 'previously XOM'
This is the second time I've heard this but haven't found a source.
When was the first time
It was yesterday, so after this thread was made before I saw this so they may have seen it here.
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