Greater Houston Partnership’s Post

ExxonMobil Corp. plans to establish a single North American research and #technology hub at its #Houston headquarters, resulting in the closure of campuses in Clinton, New Jersey, and Sarnia in Ontario. “We’re excited for our North American technology organizations to be located with our business lines to more effectively develop and commercialize industry-leading technology,” Mir said. “This move will expand our research capabilities and set a foundation for growth well into the future.” Exxon has spent the last four years streamlining a multitude of business divisions, shedding assets and reducing its workforce as part of a plan to cut $15 billion of costs by 2027 compared with 2019. It’s currently two-thirds of the way toward reaching that target. https://lnkd.in/eXPNsRqv

ExxonMobil ''s underperformance for shareholders over any relevant time period is concerning. According to recent reports, the company has ranked last 5/5 among peers. It's time to ask why. One industry expert, who has worked alongside Exxon in Russia, Kazakhstan, and Qatar, suggests that OPEX contribution to human capital, gigantic perks to top managers, overstaffing, and low attrition rates may be contributing factors. Underperforming is becoming well-received and tolerated due to low attrition and job security. Also there is a big problem in conveing Global Vision across the company decision makers and shareholders. Low investment into strategic human capital development programs. What are your thoughts? Share your insights and fair opinions in the comments below. Let's start a constructive conversation around this topic. #ExxonMobil #Shareholders #Underperformance #Insights Follow me on https://t.me/iads_russia https://t.me/iads_int https://t.me/forbes_online

𝘾𝙝𝙚𝙫𝙧𝙤𝙣 𝙍𝙚𝙡𝙤𝙘𝙖𝙩𝙚𝙨 𝙃𝙚𝙖𝙙𝙦𝙪𝙖𝙧𝙩𝙚𝙧𝙨 𝙩𝙤 𝙏𝙚𝙭𝙖𝙨 𝘼𝙢𝙞𝙙 𝙍𝙞𝙨𝙞𝙣𝙜 𝘾𝙖𝙡𝙞𝙛𝙤𝙧𝙣𝙞𝙖 𝙍𝙚𝙜𝙪𝙡𝙖𝙩𝙞𝙤𝙣𝙨 Chevron, the second-largest U.S. oil company, is relocating its global headquarters from California to Houston, Texas. This move follows increasing regulatory challenges in California, where the business climate has become less favorable for oil companies. CEO Mike Wirth highlighted the company's desire for a central hub and voiced concerns about California's policies, which he believes raise costs and discourage investment. Chevron's relocation aligns with a broader trend of major companies moving from blue states like California to red states such as Texas and Florida. The shift will bring Chevron closer to key industry stakeholders and consolidate its operations, with a complete transition expected within five years. The company will maintain local operations in California but plans to move a portion of its 2,000 San Ramon employees to Houston over time. Chevron’s CEO and vice chairman will also relocate by the end of the year. #Chevron #BusinessRelocation #EnergyIndustry #Texas #CaliforniaRegulations https://lnkd.in/gibFpdC4

My LinkedIn Diaspora: The Un-Negotiable: I am & will always be an Exxonmobil company man - so will not compete with the company period. The Negotiable: Let’s Solve the Unsolvable!! DM me if you have a truly truly difficult challenge. Adjacent industries - intersections - white spaces … is where the future lies. Yes it has a solution…. #moonshot #impossible #unsolvable #cantbedone #solve

As leading #Wellsite organizations aim to foster more efficient, productive, and sustainable upstream operations, investment in emerging technologies such as #AI, digital twins, connected worker solutions and #ImmersiveTechnology is bigger than ever, with figures only set to increase. Keeping track of your competitors’ investment can be overwhelming, so we’re pleased to share with you our recent infographic focused on Investment in Wellsite Innovation in 2024. The document provides a brief snapshot of the predicted market size of the most popular disruptive technologies upstream organizations are investing in today, as well as highlighting ConocoPhillips, Chevron, ExxonMobil and Shell’s recent ventures. Download it FREE: https://lnkd.in/gP2CEK5E Hear best practice strategies from the investors themselves by joining us for this year’s Wellsite Innovation Summit (17 September 2024, Houston, TX, USA). Secure your place today: https://lnkd.in/eEbQt8nY #AMGWorld #OilAndGas #WellsiteInnovation #Houston

ExxonMobil joins this SPE Tech Talk to discuss how pace and scale of CCS development is evolving and the technical capabilities our industry has to deliver. https://lnkd.in/g6qiFQvs

After 145 years in California, Chevron is moving its corporate offices from San Ramon to Houston. Chairman and CEO Mike Wirth, along with Vice Chairman Mark Nelson, will relocate by the end of 2024, with other operations following over the next five years. While some roles will remain in San Ramon to support local facilities, the move marks a significant change for the oil giant. In recent years, Chevron has butted heads with Sacramento over energy and climate policies, which now loom larger than manufacturing in many people's minds. This decision aligns with a growing trend of companies leaving California due to rising operating costs and regulatory challenges. As Chevron adapts to new environments and ongoing legal challenges, the company’s move highlights the evolving landscape for major corporations. #chevron #california #texas #chevronfloor #chevronshenanigans #chevroncorporation #usa #sagaitservices

Chevron "Unveiling the Energy Frontier: My Passion to Pioneer Innovation alongside Chevron In the pulsating realm of energy, my desire to contribute, innovate, and shape the future aligns perfectly with Chevron's ethos. As the global landscape evolves, I envision a collaborative journey, diving deep into pioneering initiatives and harnessing transformative technologies. Together, we'll navigate the ever-changing tides, charting new courses, and propelling the energy industry into uncharted territories. Joining forces with Chevron isn't merely a career choice; it's an impassioned commitment to co-create a sustainable, innovative, and vibrant energy future."

In case you missed it, here's the taping of today's talk with the fantastic Ram Seetharam, along with the links to some of the entities he mentioned in his slides and conversation: Video Taping - https://lnkd.in/eTVFBda7 As he urged, believe in yourself as you make these transitions - just as we must believe the transition to clean energy sources is possible too! The need for engineers who understand algorithm development, for data scientists and economists who can build out models, for project managers who can organize and lead large teams through transitions, for legal and policy experts who can push for regulation, for granter writers who can advocate for funding of these project, for media experts who can bring the story of energy transitioning to the public .. the list of needs is long! A little re-skilling can go a long way, so check out these micro-credentialing programs - https://lnkd.in/ejTA-tU2 ROICE - https://lnkd.in/ecZ_mP5z NREL - https://lnkd.in/ekX3yJ_d Argonne - https://lnkd.in/ehR3Rsfx BOEM - https://lnkd.in/ebiZ8TDX BSSE - https://lnkd.in/eqHByqhH And your own company's data center teams may need your help too! All the best - onward!

Doors open and they close. Sometimes we are lucky enough to be the ones to close the door behind us, yet, with the quality and quantity of positive memories this does not make the path chosen any easier to make. The last 4.5 years has been a period where I have gained an incredible set of #knowledge and #skills from once in a lifetime #experiences, that I have shared with an incredible group of people at ExxonMobil. A group which I joined after moving from #Houston, back to #Australia. Over this period, we achieved; - One of the most technically challenging P&A campaigns (both operationally and engineering wise) completed to date (in #PNG). - I spent 200 days straight in PNG (During #Covid) helping successfully complete the above #project. - On returning I transferred to the Bass Straight #offshore #team and together we P&A’d multiple platforms, smashing #budget and #schedule records along the way. - We implemented new procedural #efficiencies and tested new #technologies. - As an individual I completed my #PMP, #MBA and #GAICD to which Exxon were #supportive of my needs during this period. But most of all, I met amazing individuals who I shared this journey with, who have become some of my best of #alliances, #champions and #friends. Growth requires us to make difficult decisions with #conviction, #challenge our #mindset and walk the path less trodden. So, as I close this door, I look forward to opening the next, and finding a new place to drink my morning coffee. #Thanks to everyone at Exxon. #leadership #future #lookforward #adventure #challenges #growthmindset #improvement