Thread regarding Chevron Corp. layoffs

Oil making a come-back

Oil price well into the sixties and projected to end the year in 80's. Chevron stock is close to all time highs. We will see many new highs throughout this year. Perhaps 160 by the end of this year? Thats a very modest expectation. Oil companies are abuzz with activity once again. Cash will start pouring in. Jobs will be opening up in droves. PDCs will get very busy again with expat assignments galore! Those who survived this layoff cycle are in for a career ride of their life time. Congrats folks! Happy days are here again!!

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11 replies (most recent on top)

Yes indeed, Nothing like being a tax cheat criminal and a parasite on others to give you a feeling of accomplishment in retirement!

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Shoe shines? Didn't even know that was still a thing. Good for him.

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I know an ex-Chevron go getter who retired years ago, but hasn’t stopped keeping busy. He has a dozen or so shoe shine locations in malls, business office lobbies, hotels and court houses around town. You’d be astonished to hear what kind of cash this below-the-radar business rakes in. This and several other small cash ventures he has makes him a lucrative haul every month. He tells me most of the take is tax free. Don’t laugh to hard the next time you pass by a shoe shine stall.

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bfet - nobody cares what you think suggest you go back to your shoeshine job after you were kicked out of chevron.

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Wish in one hand, and crap in the other. Then, slap 'em both together. That's the sum and substance of all this blather about "oil coming back". Truth: Oil will never go away (in any of our lifetimes),... but, neither will it ascend to the ridiculous prices last seen in late '14,... supply vs demand. As an ex-Chevron employee, I've had to severely re-assess my opinions regarding the intelligence quotient of the average CUSA employee,... probably as a result of the influx of snowflake millenials, it appears to have dropped, precipitously. Most of those posting on this site sound like beggars. So sad.

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Chevron did very briefly descend to 76 during the “recent” dip, and I think it just might have hit an all time high today (133). As to all those who claim they bought big at 76 ... ya I also take all that with a grain of salt. Personally I sit 90% in an age fund. Betting big on oil seems a bad idea for me, as my salary and bonuses already depend on that industry. Call me Mr. diversity.

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The recovery looks very solid already, just 2 weeks into the new year. Congrats to those vested in Chevron, either as an employee or investor or both.

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If you are over 50, forget about getting a job. The employer can hire someone with 50% less cost in total benefit package and get the work done. Five of my former colleagues who were laid off in the last 2 years yet to land any job.

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OP here. Mark my post and thank me at the end of the year.

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Some of you folks would have been better off in a napkin

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Second longest bull in history (running up the DOW 3x) was clearly over ripe for a correction. The Republicans bought some time with their 1.5T giveaway to placate the 1%ers, but I am guessing the impact will not last to the end of 2018. Most of this stimulus will be used to rise share price via buy backs and acquisitions, rather than for real growth. When it happens we wil be lucky if the correction is only 20%!

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