Thread regarding Chevron Corp. layoffs

Chevron Exxon Merger

Anyone cares to comment on a possible Chevron Exxon Merger - this has been a rumor for a few years now and many people will categorically dismiss it. I think, now that the whole industry is in turmoil (e.g., see GE Oil and Gas buying companies left and right), anything flies and all options might be open. Look at Conoco, they are on their knees, I think they will never recover. What are your thoughts?

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Personallly I think it going happen. The culture of Chevron supervsory is antiquated! The thought process of their managers being the angry dictators choosing to pushing safety only when it fits; production when falling behind and all the while treating their contract employes like second class citizens does not work with today's brightest up and coming workforce.

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I'm not sure about the details of the ExxonMobil severance plan. Their Retirement Plan is almost 95% identical to Chevron's. So, it's very possible they also pay 2 weeks per service year with 8 weeks minimum and 52 weeks maximum.

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What would the serverence plan be from Exxon for laid off CVX workers? What did they offer XTO people or did they keep most of them?

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It's a real shame, , that Chevron paid for the Houston historical landmark, last occupied by the YMCA, then leveled it to the ground, and now won't be building the 50-story office there for the foreseeable future. It's really a shame to have torn that old landmark down. There should be a public outcry about that.

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I worked at Chevron as a safety representative between 2012 -2015 to oversee the building of their 50 story building downtown . It has now been permanantly canceled. For two years the motto was "Always, every task the right way every time,always" at Any expense! That was when I oil was $100 a barrel . It is now "Git er done and save money" The spending train is over! Forget buying Chevron!

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Reposted from a thread I started on The Truth. The three largest O anyone who has suffered through CPDEP run projects can testify to that. In any event, watch this space...

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FTC would not care one bit. In the Exxon Mobil merger all the FTC did was force the divestment of gas stations where the combined ExxonMobil company would dominate a street corner. As mentioned above it was a merger of #1 oil company with #2 oil company. Being bought whole by ExxonMobil would be the most benign way to merge Cvx into another entity most of the people and operations would continue into the new company. . The BOD will do what it needs to to protect the share holders. The question is when does the BOD determine a merger is better for the share holders than continued operations. It is a chess game but presumably the BOD knows what the financials for the upcoming quarters will show. On the hand there may be no option to merge in which case property sales take on a whole new meaning.,,,

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I'm out of CVX completely... Got out at $120-something over one year ago. I kept half my 401k in the Money Market fund and I put the rest into the S&P 500 fund for another six or so months... now everything is in the Money Market fund. I have 26 years on the job at Chevron and have grown my portfolio to $1.35MM. This may sound strange to some, but I have no intention of ever investing a single dime in CVX anymore.

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I think it is much more likely them people want to believe. As for regulators, Exxon was #1 when it bought #2 Mobil and Clinton didn't stop that. Do you think the next president would stop it? Maybe Bernie Sanders, but none of the others. And if a foreign oil company goes after Chevron, the Feds would literally be begging Exxon to be a white knight. No one cares about clash of company cultures, it would work its way out, probably by adopting Exxon culture. It's all about assets and saving money. If the price of oil stays low enough for long enough and Chevron has more problems with Gorgon I think it is a distinct possibility that Exxon will swallow Chevron. In fact I think Chevron management would be wise to pursue a merger with Exxon rather than suspend the dividend, if it comes to that, since suspending the dividend would drive down the stock price and make CVX even cheaper.

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All this buzz about a possible merger between ExxonMobil and Chevron was brought up in a recent article published by Barron's. This is one reason not to pay serious attention to articles written or disseminated by this publisher.

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It would take years of deliberations before the FTC agreed to a merger. In order to stay below the magic market share number, both sides would have to liquidate massive components of their upstream and downstream assets. In short, lots of pain with little gain.

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This would never, ever, under any circumstance make it through the regulators. Forget it. Two of the top Dow components merging? Hahahahha

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Not likely to happen. Chevron is too costly to be bought and the culture clash won't work.

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Hmmm. if ExxonMobil took over Chevron - no more CSOC, ChipDip, LPS, Safety Moments, WeDo ads - either do your work, perform, or get axed. San Ramon, downtown Houston (1400 / 1500), Covington - shut down, and work moved to the ExxonMobil Woodlands and Irving HQs. That would be the Mother of all ROMs for CVX staff, not many would survive. The company name after the ExxonMobil & Chevron "merger" ? ExxonMobil.

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25 years ago who would have predicted that Mobil, Amoco, ARCO and Texaco would all be taken-over or merge with a larger rival within the succeeding decade !

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Totally different cultures ..., doomed to fail

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BCG recommends the new company to be called Exomoron

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Hahaha, who has money for this, it'll never happen

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That is about as likely as a government takeover of Chevron or a leveraged buyout.

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