Exxon suspends company match for retirement plans...

Aug 5, 2020 25 Comments

I've been working for Exxon for over 5 years...but I think it's time to start looking for other opportunities outside of the industry. Sort of overwhelmed with where I should start. Saw some folks from Shell and Valero on Blind..,Is it time for us to find another job? Are you guys actively looking for other opportunities? Advice and support appreciated.

https://finance.yahoo.com/news/exxon-suspend-company-match-employee-050005927.html

ExxonMobil Shell Valero Energy Corporation
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 TOP 25 Comments
  • Agreed. Time to get out of O&G. Especially Exxon. Company is robbing the piggy banks of it's own employees to pay a huge dividend so wall street wont think it's as weak as it is
    Aug 5, 2020 2
    • ExxonMobil / IT
      AFK@WRK

      Go to company page ExxonMobil IT

       AFK@WRK
      You’d think they’d be smart enough to realize that those smoke and mirrors won’t really work when it comes time to invest and we are out of cash because it was all poured into the dividend
      Aug 5, 2020
    • I think they are smart. Smart enough to do what needs to be done to keep their massive compensation going for another few months. Just another few months they say, same as me, except with a minute fraction of the compensation.
      Aug 5, 2020
  • Transitioned from O&G to tech a few months back, and it was the best decision I've ever made. It was a lot of work learning how to code, but leaving the culture of O&G behind was well worth it.
    Aug 5, 2020 2
  • Recently decided to leave on my own and now work at FANG. Best decision I've made, unfortunately the industry is dying and the good times are over.
    Aug 5, 2020 0
  • New / IT
    Saltydog

    New IT

    PRE
    ExxonMobil
     Saltydog
    Leaving XoM for another O&G company is delaying the inevitable. XoM has some big bets that are stranded as a result of Covid and the steady encroachment on oil consumption by renewables and improved technology. They have a big problem with the huge campuses they built that are only going to be partially filled soon too. Amazon is actively recruiting O&G skills in Houston, take a look there.
    Aug 5, 2020 4
  • Left Exxon subsidiary and went back to school for tech two years ago. Without a doubt the best decision of my professional career. Not saying you ‘need’ to go to school to transition but it made sense for me. I work in FAANG now and my new career trajectory will put me ahead of where I would have been if I stayed. If you worked in process control, transitioning to SWE or DS is an easier task. If not, PM or program manager may be a more reasonable transition.
    Aug 5, 2020 4
    • New
      creditdude

      New

      creditdude
      I'm in process control what's the best way to transition out and get into tech?
      Sep 20, 2020
    • Same boat. Was in oil for years and years. Finally left and went to biotech and never looked back. Not exactly FAANG, but its definitely more stable and has been a career booster thus far. I would advise anyone that can to look for opportunities in other industries
      Oct 1, 2020