ExxonMobil Back in Office

ExxonMobil is expecting 100% of employees back in the office (Houston campus) in the next 3 weeks. About a month ago or so, the capacity was 50%, but I doubt more than 30-40% of employees are coming in.


Thoughts on this? The vaccine is pumping out rapidly and I think the CDC reduced the social distancing guidelines from 6 feet to 3 feet recently.

 

There is tremendous difference between the outlook for O&G as a whole and the prospects of working at Exxon. The outlook of O&G is much more significant for the IB or S&T posts. Exxon will continue to be alive well beyond 20 years as their chemicals business is very stable, the business flourishes during cyclical peaks, and banks are willing to constantly lend to them. No need to fear-monger when it is irrelevant. 

 

I think most companies are going to require 100% back to the office once it's safe (politically, that is, I don't think companies really care about the science). Sure some of the progressive ones are going to do a hybrid model, but I can't imagine more than 1/3 of the workforce working a hybrid model. Employers love seeing employees, and once you can start to see them some of the time they are going to move it to all of the time. 

 

What group are you in? Former intern here and even last summer during the height of the pandemic, more than 50% of my group was in the office so I bet most people are already back in the office. 

 
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Here in D.C. area we are expecting to come back in September when schools re-open for the fall. Unfortunately, my employer is hyper left-wing and is committed to following whatever the CDC guidelines are at the time (even though the CDC has not been following the science for most of the Covid crisis and is highly politicized at this juncture). So I'm fully expecting us--in September--to be back in the office with masks on for 8-9 hours a day, even though virtually everyone will be vaccinated. Though that will likely be in a 2/3, 3/2 hybrid model permanently.

I've told my boss I'm not coming into the office if I have to wear a mask; it's dehumanizing and uncomfortable and, worst of all, it is without any scientific merit for those who are vaccinated (at least according to Johns Hopkins). 

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m8

Masks on all day, when everyone has had the chance to be vaccinated is nonsense. When does it end? 

Crisis allows for control and for transformational legislation to pass. A society that permanently masks is one that is ostensibly in crisis. So I imagine they will push it out as long as humanly possible until finally people (even in my deranged area) stop participating. 

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I'm in the controller's organization in the upstream and most of my work is relatively monotonous and repetitive. I think the future of energy obviously isn't exclusively in O&G, but unfortunately most people in this world think we can just flip a switch to "go green." A lot of people need to take a look in the mirror and look at the energy consumption they are personally responsible for and understand that we need to evolve in finding newer energy sources or innovating. Personally, I think most, if not all of the supermajors are targeting natural gas to be a main consumption of energy down the line; many people don't know how much cleaner natural gas actually is.

 

This is absolutely true, but the big issue here is everyone just sees oil and gas and instantly thinks dirty. 

Nat gas is a great thing and like mentioned, it is the primary cause for the decline in US CO2 emissions, but there is a huge misinformation problem, at least in the US, when it comes to normal people and the energy industry. 

 

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