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Sat May 1, 2021, 03:58 AM

Exxon Mobil begins escorting workers from Texas plant -USW official

Source: Reuters

May 1, 2021
1:11 AM CDT
Erwin Seba

2 minute read

Exxon Mobil Corp (XOM.N) late Friday began escorting United Steelworkers (USW) union members from part of its Beaumont, Texas, complex ahead of an expected Saturday lockout, a USW official said.

The oil company had set a 10 a.m. (1500 GMT) May 1 start time to begin removing hourly workers represented by the USW if there was no vote on a company labor contract proposal.

Union officials submitted a last-ditch contract proposal Friday evening that was rejected by the company, Exxon said on its website. The union proposal "would significantly increase costs and limit the company's ability to safely and efficiently operate," the company said. It rejected the proposal.

"After they gave us a lockout date and time, they could not give up control of the timeline. They had to go early," Hoot Landry, a USW staff representative, told Reuters. The two sides had given each other a 75-day notice of a strike or lockout, a period that would have ended May 1.

Read more: https://www.reuters.com/world/us/exxon-mobil-begins-escorting-workers-texas-plant-usw-official-2021-05-01/

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Response to Judi Lynn (Original post)

Sat May 1, 2021, 07:31 AM

1. exxon is stupid. the 1st strike of the biden years?

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Response to Judi Lynn (Original post)

Sat May 1, 2021, 08:43 AM

2. It's going to be hard for Exxon Mobil,

The Great Polluter, to claim lack of funds to cover union wages and bennies.

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Response to Judi Lynn (Original post)

Sat May 1, 2021, 09:06 AM

3. Watch Gas Prices Spike

And oil profits climb. Republicans will weaponize this.

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Response to modrepub (Reply #3)

Sat May 1, 2021, 09:22 AM

5. Which makes renewable energy more desirable.

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Response to modrepub (Reply #3)

Sat May 1, 2021, 03:17 PM

8. prices have been going up before biden and the rws blame the cancelation of the xl pipe.

not finished and not a single drop in that line .

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Response to Judi Lynn (Original post)

Sat May 1, 2021, 09:14 AM

4. ExxonMobil Earns $2.7 Billion in First Quarter 2021

First Quarter 2021 Results and Management Perspectives

Cash flow from operating activities of $9.3 billion fully funded dividend and capital expenditures, and drove debt reduction of over $4 billion

Lowered cash operating expenses versus the first and fourth quarters of 2020; on pace to deliver additional structural cost savings

Advanced several initiatives to reduce emissions and launched Low Carbon Solutions business to commercialize extensive low-carbon technology portfolio

Added three new directors to strengthen board experience in energy, capital allocation and complex business transitions

https://finance.yahoo.com/news/exxonmobil-earns-2-7-billion-112900122.html

https://www.chron.com/business/article/Exxon-posts-2-7B-quarterly-profit-after-16141337.php

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Response to douglas9 (Reply #4)

Sat May 1, 2021, 01:02 PM

6. And so what does that mean? That union skilled labor is disposable now? Asking cuz I don't know

what to make of what's happening with this in general. The company acts as if its actions are none of the nation's business. As if the energy sector can be unaccountably privatized forever, at least in Texas.

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Response to douglas9 (Reply #4)

Sat May 1, 2021, 01:37 PM

7. 2.7 billion profit on $59.15 billion in revenue is not vey much, 6%ish

Esp on top of losses of $22.4 billion in 2020.

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