My manager's manager assured me that when business picked back up that I would be called back. Maybe they lied. Does everyone really believe that laid off employees were poor performers? And why would someone from another company want to leave to... read more
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Topics regarding layoffs at Chevron Corp.
Itsgoing to come back big. It will be demand driven. Recent cuts in investments in new capacity by the industry will make it impossible to meet the demand. Oil will sky rocket. 100..150.. 200.. You name it. Chevron stock will be in 200s. Position... read more
When does JW confirm he is actually leaving? As far as I can tell there has just been a rumour he has been leaving. Is MW confirmed as his successor?
Do expats still get all those extravagant tax free alloances in this tough business environment for oil? It makes a lot of sense to cut back on those.
Do new engineers require to sign non compete agreements in Chevron? I do not remember now If I have signed or not. Thank you .
More divestment news from today. Chevron has divested its whole operating interests in 2 oil producing assets in the Neuquen Basin located in Argentina. The deal is in line with Chevron's plan to divest $10 billion in assets during 2016-2017. All of... read more
Chevron CEOs normally plan for ten year stints. The current one, if replaced as rumored, will be cut short by three years. Any idea why? Performance has turned around rather nicely via cost cutting and asset sales. Health issue? Dispute with board?... read more
his personal bonus was weighted on share holder return so maintaining dividend was paramount. Short term rewards were was more important than realizing o&g is a long term business. Layofff good people and fire sale valued assets. Add to the fact we... read more
Chevron recently announced the divestment of 64,500 net acres in the Central Basin Platform of the Permian Basin. This deal will offload 5% of Chevron Permian properties. This is in sync with plans to monetize 200,000 non-core acres in the Permian... read more
Elections have consequences. You get what you voted for my butthurt losers.
I had the opportunity to present to the ETC LT recently, and they invited me to stay for the rest of their meeting and have lunch with them. I have to say, I have never seen a more self-absorbed, out of touch "leadership team" in my life. They were... read more
... you are simply flying a bit closer to the ground than you are used to, or, in some cases, have never seen before. And, don't worry too much about the many layoff percentages being thrown around, as long as you have the wherewithal to weather the... read more
Another great advantage to the lump sum is being able to manage/customize annual income and taxes. Who has converted their lump sum to a Roth IRA? What steps were involved? What is the final tax impact??
Any truth in the rumor?
What were your favorite expat assignments in Chevron?
How does Chevron have jobs posted and you are still laying off? Take the people that you are laying off and place them into a training program and teach them a new skill. I know that not everyone that has been let go is not worthless. I can name... read more
Monday is the day when the next 290 people in GOM/DWEP will find out their status as employees. The GOM is getting smaller and the staff is reducing again. Hopefully this will be the last layoff in the GOMBU for the next several years. Lots of great... read more
Second fatality in D&C in MCBU in less than 3 months. He is wearing people out trying to make a name for himself. He is way to much in the weeds on everything plus he is trying hard to alienate the Houston and midland teams from each other. He must... read more
You heard it here first
/ ================================== Zach Scott was a year old and his brother was still in the womb when their dad got laid off from... read more
Are layoffs still going on in CBA or it's all finished and everything is stable.
Do you have to pass a hair test to rotate out of tengiz if you are already a CVX employee?? What about other international rotations.
The nepotism is mind blowing. Lots of kids of big guys, how can you give them a poor review? He will get back at you via his daddies friends (all of whom he knows from when he was a kid growing up in Duri, Balikpapan or Caracas). His network from his... read more
/ As an employee I would take a hit on my dividend, instead of getting into debt more. The only reason it shows a + is because of the sale of... read more
With Mike Wirth rolling in we should expect a massive tidal wave of early retirements. Just watch it, the man has an agenda and it has to do with our headcount. Next 6 months will be an interesting period as the Iron Mike fastracks his cost saving... read more
Just amazing! Constant name calling and nasty conversations is nauseating. Why don't the participants go back to elementary school and stop the vile
There is a lot of survival politics at play all around in Chevron now -- a significant symptom of the underlying fear. examples: bosses trying to portray themselves smarter than their subordinates or trying to downplay the achievements of... read more
It is time to start really calling out all the corporate twits. Let's turn this blog into factual data. If you see something say it. If you see something at work and use your computer to post so call "anonymous" violations of corporate, federal and... read more
What leaders have the most to lose with John Watson retiring?
No more small downsizing in upstream (GOM & DWEP BS)). For those of us survivors of accelerate downstream, it's about time the hatchet comes out. Get ready for a massive reorg.
Seen a few rotational jobs there, how is it to rotate there?
I heard COV100 is going to shut down completely.
it sounds like it will be worst than the last.
What's it really like in Tengiz, Kazakhstan? I might go there to work if it's not too dumpy since the money is good I can handle the long days.