Say YES
How long will stay working at home
Any idea?
Never thought I'd live to witness this mess!
With the negative oil prices, I fear that one day soon, payday will become payment(due)day, the paycheck will become a bill, and direct deposit will become auto-payment/debit. Between COVID, the oil prices crashing to below zero, food shortage... — read more
Oil is now free, free, free
Price of Futures for June delivery of West Texas intermediate are now zero
WTI for June
WTI June delivery is $22.62/barrel. Contract technicalities are causing this unusual price collapse to minus $36/barrel. We will all see how the price settles out later this week. The summer driving season is shot and storage capacity will soon be... — read more
The Unthinkable Has Happened
WTI is now well below $2.00/barrel, at $1.28. This is beyond comprehension how it could go down over 90% in one day. Those layoff numbers might just get revised upwards. More borrowing to pay the ever increasing dividend on ever shrinking profits.
WTI Under $10
WTI is now at $8.03/barrel, down 56%. Well at least you will have 80 cents/gallon gas after you get laid off.
Recruit / Retain / Reward --> Rapid / Resources / Removal
The new HR model. Sadly, this new normal is here to stay for a while.
WTI Price
Down to $14.09/barrel as I write this.
How many will opt for EOI?
Let us guess. My guess is below 200.
How long to get my money?
So let’s say I get kicked off the island this fall (which is quite possible), how long should I expect it to take for me to get my severance and lump sum pension in hand. Can anyone from previous layoffs comment on the termination process and timing? — read more
How will next year bonuses be?
Let's speculate?
Accelerated EOI timeline
April 21announcement Apr 21-May 8 EOI submittal period May 11-22 EOI reviewed May 26-28 notification of decision May 29-Jul 10 redeployment Jul 10 Last day on payroll If you don't choose to participate you will have another opportunity during... — read more
technical workers always getting left behind
i've been at cvx for over ten years through three business units and it's all the same. cvx is a company of managers managing managers. promotions are handed out to those who talk the talk, make fancy presentations, and are motivated only with... — read more
EOIs next week
Accelerated EOIs coming next week. You can either take it now or wait on the original schedule.
March segment rates are out, why did they go up?
22 3.08 3.73
Back Door Bailout?
Heard on the radio this afternoon that the Trump administration is considering paying oil companies to not pump oil. There are many poor/incompetent managed weak companies that need to be culled from the industry herd. The oil biz has always been... — read more
Here We Go Again
WTI futures back below $20 at $19.52/barrel. Get ready for $16 or lower. Face it, this coronavirus sheet will be with us for a while. Maybe a solid vaccine next year. The whole situation stinks.
This Site Deletes A Lot Of Topics
Does Chevron have some kind of grade school hall monitor person to constantly check this site for deletions?
2020 Performance Management
Is anyone else having a problem with many vague directions for goals in 2020? Have they changed numerous times already this year? It seems like supervisors, at least in my chain, are scrambling to look like they are doing something in this... — read more
What does Chevron pre 65 retiree medical cover?
I have 85 points
CVX stock price
Wild ride! Given the 'bench strength' on this site, I imagine some of you made out like bandits. I mean who didn't pick up some stock in the mid 50's?! I sure did......
AMBU VP Retiring
Did you decide to retire or did management tell you to GTFO before you crater another BU? #THERANOS
Transformation (????) Announcements this week
It was interesting to see that of the new 13 direct reports to Joe Geagea- 12 where incumbents??? And many got big promotions to PSG 41- with minor job scopes. How is this transformational? Is this what we need to win in any environment? Any... — read more
Org split
I heard from folks in MCBU that they split up the org within factory recently, and doubled the supervisor positions while keep individual contributors flat. They are in trouble now with the low activities.
April used to be important date
In order to qualify for 25% CIP, a large number of employees would retire in early April each year. Has that NOT happened in 2020 because folks are awaiting a severance bonus? stay safe & healthy out there CVX
EOI
Has anyone actually seen or received an expression of interest email? If so, details please.
Anyone Seen The Pioneer Boxes?
The dreaded white boxes with red lettering could show up at anytime on any floor in any building. Where will they be seen first?
Reality and path forward
10 million is the current unemployment number only after 2 weeks Oil is and will be under $30 for good 3 months time at least The economy is clearly in trouble, many can not.pay rent/mortgage that will spill into banks and financial market in the... — read more
Guesses on layoffs?
I am curious what people's though are on the number of layoffs that will occur and the date corporate will be back from working from home after the COVID-19 crisis. Example: 3000 June 1
GOMBU Donezo
I've said it before, and I'll say it again: GOMBU is donezo. To the remaining few that survived the ROM with their heads high and holier than thou attitude, good luck to you. Let the Hunger Games begin. But, look on the bright side; the toxic work... — read more
Who else is in the same boat?
I've always had a backup plan in an unlikely (at least until now unlikely) case I get laid off. But with the situation the way it is right now, my entire backup plan was shot to hell. And now there is a real chance I might not have a job sometime... — read more
Commodity Futures for Monday
I checked Bloomberg futures and as I write this, WTI is down $1.12 (5.21%) to $20.29/barrel. The part I do not understand is RBOB (gasoline) is down $3.15 (5.49%) to $54.22 USd/gallon. What does that mean? Does not make sense to me. Anyway, natural... — read more
I got caught
with a boat load of CVX stock. What should I do?
Supply Chain and Procurement
SCM/P organization is extremely fat. All levels of SCM/P leadership have increased headcount with hefty pay grades. Very few positions provide value to the bottom line. The lack of engagement and understanding at the leadership levels have allowed... — read more
ABU Redundancies
I heard a rumour that redundancies/ severances for the ABU are being brought forward from October to July 2020. Can anybody confirm?
Lack of Transparancy on Lay-off - This is not Chevron Way
All employees are in complete suspense except for those who know that they are favorites and are safe in any scenario. The Chevron LT needs to provide details so that the impacted employees can begin planning "life after Chevron".
Chevron - relocation then laid off
I was awarded a position in the off cycle jobs but would hate to move my family and get laid off in 3 months at a new location when the cuts come through. Does Chevron provide a relocation package back to where you moved from if you are laid off... — read more
TCO Status
Has FGP been shuttered due to Pandemic and Russia/SA glutting the world market? Run by National Stafff? Expat staff repatriated? How about Base Business and expat staffing?