So in our morning briefing today, I was able to look at the approved structures for TPS only and the target reductions for the BUs. Yes their are targets. I dont know why leaders have to lie about it. TPS looks like a cut of 25% up from 20% last... — read more
Pseudo diversity champions/initiatives
In the name of diversity and inclusion, multiple white males are building their career. Only talk diversity, who cares about action. Even they make moves at the cost of diverse candidates. But, they get richly rewarded for shouting diversity slogan... — read more
‘I don’t see an end to this,’ a billionaire oilman warns
https://www.bloomberg.com./news/articles/2020-05-06/double-black-swan-hitting-texas-drags-down-the-rest-of-the-u-s
When is WFH ending for pandemic? Microsoft is doing it until Oct for non essential employees
What are your thoughts? Chevron and Microsoft are best friends. Will Chevron follow?
Proposed ETC Outsourcing
I am employed in ETC. Last year my team was told that our jobs were being looked at for outsourcing to Manila. Will the company ever stop moving American jobs to Manila and bring them home to the US?
Will the Chevron CEO make cuts so he can pay dividends
I hope the world watches to see if the CEO of Chevron will cut staff so he can make his friends richer by paying dividends? He should understand that the success of his company is the people.
Chevron should consider enhanced severance
Shell provides 3 weeks for each year worked.
Happy to be a Proud Member of the Chevron HES team!
I know that we are all facing imminent Layoffs but I am happy to acknowledge that my chances are relatively low and the HES department managers are addressing the issues with us in a very professional, transparent manner and are letting us know... — read more
Trump orders CVX to stop Venezuela Oil Production
https://www.cnn.com/2020/04/22/business/chevron-venezuela-oil-trump/index.html GOMBU FOR LIFE
Blame Chevron HES Leadership For All The Hate
The 8 reasons Chevron HES Leadership is failing: Failing to listen to those you lead Do you listen to your team members when they share information with you? Are you listening to what they tell you in meetings and appointments? And, do you care... — read more
HAL meltdown
https://www.thelayoff.com/halliburton
Work Gains Freedom!
Just got my papers Friday. 35 years for what?
Get rid of HES
I don’t know about you, but HES is worthless. Why are layoffs coming and this group of misfits still exist? You can move permits and paper work BS into more responsible business units.
Permian Basin Production Cutbacks
Here is a cut and paste from a Bloomberg article this evening. Bottom line is that cutbacks = layoffs, in case some of you can't figure that out. Marathon oil cut 200 employees (10%) last Friday. (Bloomberg) – On the same day OPEC-style oil... — read more
CBU EOI
Good luck everyone. The EOI is certainly not a match for the US payroll employees. Might as well roll the dice and see what the selection event brings. HR must live in a different universe with the inability to do a cost benefit analysis. Why would... — read more
Just Friday things
Chevron's first 40 or so minutes of the post-earning conference call a total blank. No audio. No transcript. Then Mike Wirth at the end of it all says "we will launch an investigation into" the matter.
Breber: Dividend Is ‘Our Number-One Financial Priority’
End of story. Forget everything else including your ability to continue to work here.
CAPEX reduced by additional 2B
What does it mean? - additional jobs cut?
Did you notify your boss about EOI?
If so, when? before or after pulling the trigger?
Another Oil Company Cuts The Dividend
Royal Dutch Shell announced today that it would cut its dividend for the first time since WWII. Shell cuts dividend for first time since World War Two Net profit at Royal Dutch Shell almost halved in the first three months of 2020. Prompting... — read more
AmBU final count down
~150 got jobs through PDC or off cycle jobs ~50 EOI ~ 100 Transition team ~ 100 left standing and will be let go end of May Not too bad under COVID 19 circumstance!
Eliminate expat positions in GOM and other business units
Expats do not create value to justify associated benefits
Shared energy discussion
What was the point? It was a total waste of time, give us some real info do not repeat what everyone knows, " we have to make tough choices!" Wow even Einstine could not come up with that! Ironic that decision making is the forefront logo along... — read more
BU’s in-scope for selection
Have you heard which BU’s are in scope for selection?
To EOI or not to EOI
What a dilemma, sitting on a life changing decision, literally. Knowing that buying the pinata and cake for your boss's birthday will not help you anymore, there is still time to make your Chevron logo face mask and post a picture of it in WPL... — read more
Q1 Earnings This Friday
Get ready for a shock and awe moment when those numbers are announced. Q1 earnings have been really bad, an understatement, for every oil biz company that has already reported.
How long...
How long until the genius consultants realize that the September/ October layoffs are perfectly aligned with peak hurricane season. They might want to push that up if they want to be certain they can get the Gulf Coast people off the books before the... — read more
How many have opted for the accelerated EOI?
I opted this morning.
HES Seems To Be the Place To Be For the First Time
HES Center has gone through some significant reductions in headcount each year over the last 5 years. The pain and suffering we all have gone through not knowing if we would have a job or not has taken its toll but it has put us in a position to all... — read more
When the lay-off will start and what time frame?
I know it is coming but still in the dark. Upset and depressed when waiting for good or bad. Any ideas when it will happen ?
Break Even Oil Price
Chevron calculated last year that it needed an average price (from all sources) of $51/barrel to break even. The current dividend is around $4.76 per share per year. The current WTI price is below $15 and will likely stay below $20 for 2 or more... — read more
Percentage to cut
Any inside news?
Leading Performance
Don’t worry. Leading Performance will be the way Chevron comes out on top.
Malongo
I worked in Malongo from 2010 to 2015 and have pretty much lost touch with everyone there now that I'm retired. Anyone know how they are handling this whole Covid-19 thing? Are they still doing crew changes? Is the Houston Express still flying?
EOI or Not - Comments from an Old Guy that no one wants to listen to
Well, the gauntlet has been dropped. The options that sit before us are as follows: Take the EOI now and get a guaranteed payout (2 weeks for every year, min 8 weeks max 52 weeks), paid education for reskilling, headhunting services, and a... — read more
Horrible Bosses- CVX
I was fortunate: long career w/ CVX; very few bad bosses (but my friends enjoy the stories of those bad bosses more): Tasked w/ establishing whether there was valued IP in a business unit. The short answer (to me) was an obvious "YES". Bad... — read more
Futures Not Looking Good
June delivery for WTI is now 9.24. Read today that there are 80 fully loaded oil tankers parked at various locations around the world just waiting to to unload. Texas RR commissioner is seriously considering lowering production.