Group 1 - ExxonMobil announced a global reduction of approximately 2,000 jobs, representing about 3% to 4% of its total workforce, as part of a long-term restructuring plan [1][3] - The job cuts will primarily affect Europe and Canada, with plans to consolidate small offices into regional centers and focus on core growth projects [1][3] - By the end of 2027, ExxonMobil plans to cut 1,200 positions in the EU and Norway, closing multiple small offices and concentrating employees near production bases [1] Group 2 - Imperial Oil, based in Calgary, Canada, will lay off 900 employees, accounting for 20% of its workforce, aiming to reduce annual operating expenses by CAD 150 million (approximately CNY 760 million) [3] - ExxonMobil holds nearly 70% of shares in Imperial Oil, indicating a significant influence on the company's operations and decisions [3] - The oil industry is experiencing widespread layoffs due to declining international oil prices, with major companies like Chevron, ConocoPhillips, and BP also announcing thousands of job cuts [3]

Core Viewpoint - Exxon Mobil Corp is undergoing a global restructuring that includes a 10% to 15% staff reduction in Singapore and plans to relocate its office to the Jurong plant by the end of 2027, following a global layoff of 2,000 workers, affecting about 3% to 4% of its workforce [1][2]. Group 1 - The company aims to enhance competitiveness and position itself for future success through organizational changes [2]. - Estimated employee redundancies in Singapore could affect around 500 workers out of approximately 3,500 employees [2][3]. - Affected employees will be notified by December, and the Economic Development Board of Singapore will assist those impacted [3]. Group 2 - Exxon has commenced production at new facilities in its Singapore refinery complex, focusing on base stocks from residue fuel, while maintaining its manufacturing presence in Singapore [4]. - The company operates two refining sites in Singapore with a combined crude processing capacity of 592,000 barrels per day [4]. - Employees will be transitioned from the Harbour Front offices to expanded facilities at the Jurong Refinery by the end of 2027 [5].

格隆汇10月1日｜埃克森美孚表示，计划在2027年底前将新加坡市中心的员工迁至裕廊炼油厂园区。作 为全球重组的一部分，公司预计到2027年底在新加坡的员工人数将减少10%至15%。 ...

Group 1 - Exxon Mobil Corp plans to reduce its workforce in Singapore by 10% to 15% [1] - The company will relocate its office from downtown to the site of its Jurong plant by the end of 2027 [1] - This move is part of a global restructuring effort [1]

Exxon Mobil Corporation (NYSE:XOM) is included among the 12 Best LNG Stocks to Buy According to Hedge Funds. Why Exxon Mobil (XOM) is a Good Option to Invest in LNG Exxon Mobil Corporation (NYSE:XOM) controls a treasure trove of low-cost oil and gas and also boasts a leading LNG portfolio, producing 23 mtpa of LNG globally through its affiliates and joint ventures. The company also has four major LNG projects currently in progress and intends to roughly double the size of its LNG business to around 40 mi ...

Group 1 - The U.S. energy policy shift under President Trump has led to renewed investor interest in oil and gas companies as ESG enthusiasm declines [1][4] - Low valuations of oil and gas firms have attracted contrarian investors, despite a broader market push against fossil fuels [2][4] - ExxonMobil's share price fell below its tangible book value for a significant period, indicating extreme undervaluation [3] Group 2 - The energy crisis triggered by the Russian invasion of Ukraine has contributed to rising energy prices and a shift away from ESG narratives [4][5] - U.S. supermajors like Exxon and Chevron maintain that oil and gas will remain essential for the foreseeable future, prioritizing high returns over renewable investments [5] - European oil companies, including Shell and BP, have revised their strategies to increase oil production and reduce commitments to renewable energy projects [6][7] Group 3 - BP and Shell have significantly reduced their investments in renewable energy, focusing instead on core oil and gas operations due to high costs and financial pressures [7]

埃克森美孚将在重大公司改革和全面重组计划中裁员数千人。 来源：滚动播报 ...

Exxon Mobil is slashing 2,000 jobs worldwide, the oil industry’s latest mass layoff as companies adapt to anemic oil prices and get more efficient at extracting fossil fuels https://t.co/2iwlVetUQL ...

Core Insights - Exxon Mobil is planning to cut 2,000 jobs, which accounts for 3% to 4% of its global workforce as part of a corporate restructuring effort [1][5] - The company is consolidating smaller offices into regional hubs to align its global footprint with its operating model [2][4] - Other oil industry leaders are also implementing cost-cutting measures, with TotalEnergies aiming to save $7.5 billion by 2030 and Chevron having laid off 15% to 20% of its employees [5] Company Strategy - The restructuring plan is part of Exxon's long-term strategy to redesign work processes and improve cost competitiveness [4] - Exxon emphasizes the importance of collaboration and is realigning its operations to support this goal [2][4] Market Reaction - Following the announcement of job cuts, Exxon's shares fell by 1.46%, trading at $112.55 [5]

Exxon Mobil Corporation (NYSE:XOM) is boosting oil production efficiency and financial resilience through strategic innovations in its Permian Basin operations, positioning the energy giant for stable cash flow and growth even as 2025 brings market uncertainty. JPMorgan analysts maintain an Overweight rating on Exxon Mobil, citing the energy giant's robust operational improvements and diversified portfolio as key drivers of its resilience and growth potential amid an uncertain 2025 outlook. The firm highli ...