Do you think they will go with furloughs here at Chevron (instead of layoffs)? We are seeing furloughs at some companies already - what are your thoughts?

Now below $29/barrel. Won't be surprised if it goes under $25. The whole industry is getting pounded. Probably no layoff announcement until Q1 results are out.

There has been a productivity drop of 30% due to WFH. This is offset by a 32% productivity decrease from people using the room booking tool for a net productivity increase of 2%. Wirth saying.

An interesting poll on OXY's page here: Chevron to buy OXY Let's vote here. Upvote = Yes, Chevron should buy OXY. Downvote = No, Chevron should not buy OXY Post ID: @OP+140P3PjH

I was excited about the EOI. I thought it would be a great parting gift from Chevron before leaving the company. However, now that my 401k has lost 30% of its value. It doesn’t seem like such an awesome idea.

I keep seeing a comment pop up asking-stating that this is a Layoff off site And lets get back on topic whenever posts-comments stray off a strict adherence to the layoff topic. I have also seen posts taken down when the topic is on an important... — read more 

The DOW is down 1041 points, the S&P is down 128.5 points, the NASDAQ is down 35.75 points, Russell is down 60.6 points, WTI crude is down 78 cents to $30.95/barrel. These numbers are continuously updated. Add in the inevitable coronavirus employee... — read more 

Will they survive Covid-19? Will they survive the Oil Price War? Will they even survive themselves? Stay tuned.

Will they survive Covid 19? Will they survive the Oil Price War? Opinions?

Saudi oil increase will not fully ramp up until next month. The UAE is joining Saudi crude oil output increase. There will be over 1 million barrels/day of additional crude oil put on the world market. This amount can increase. World oil storage... — read more 

At least for two weeks or until further notice. https://media.giphy.com/media/1fmBh6KSRPSgIH6dFl/giphy.gif Time for a rooooooad trip.

This will also help with simplification as many meetings are not needed or are inefficient. There may be other ideas also. At least through mid year then asses the situation.

After reflecting on the different variables and options, what do you think is the definition of a good salary in your city?

WTI is barely above $30, tomorrow we will have $20 something oil, oh boy lay offs are coming faster and in much bigger number, 30% will be gone if prices stay like this until June.

Somebody said there were already some layoffs in San Ramon, is this true? And if it is, how long before the rest of us are affected?

I really enjoyed MW’s fake green screen video with background noise to make it look like he’s just casually recording a professionally lit video from the pandemic nerve center in a room full of people. No doubt he was safely in his office.

The Saudi’s and Russians will max their output in April. This is when low oil prices will be tested again along with lower oil stock prices. What will the oil industry look like in 1 year if the market remains flooded with oil? Should the oil... — read more 

Here is a short part from a Bloomberg news article today. Lots of jobs will be lost in the oil industry. The upside is that you will not be alone. Saudi Arabia and Russia Dig In for a Long, Bitter Oil-Price War (Bloomberg) – Saudi Arabia and... — read more 

How many super highly paid expats with their zillion allowances are out there? Each expat is at least a million dollars in cost. Eliminate 500 expats or move them back to their home base where possible. That is at least 500 million bucks. Could be... — read more 

As a new hire I keep hiring: "Historic buying opportunity"... Would someone experienced be able to help me understand why most people feel this way. I do not have much money saved but I'd like to start investing now and any suggestion or advice... — read more 

Be frank!

The depth and duration of these low prices will dictate the pain severity Chevron will go through. Asset sales to pay dividends will be more difficult this time given we already sold most of our non-core assets. Capital reduction can be done quickly... — read more 

Chevron stock down $10.79 to $84.50 in premarket. Time for senior management to implement plan b panic mode. This situation will not end quickly.

https://www.foxbusiness.com/markets/dow-futures-drop-1000-pts-as-oil-plunges-25

https://www.barrons.com/articles/why-are-oil-prices-falling-todayand-how-far-can-they-fall-an-expert-weighs-in-51583724435

S. stock futures, crude oil prices tumble on price-war fears Dow futures sink 900 points late Sunday as crude prices plunge more than 20% S stock futures and crude oil prices plunged immediately after the start of electronic trading late... — read more 

Russia will not cut production and will make effort to hurt US shale oil producers. Get ready for WTI below $40. You know what that means. Yes you do.

When are they going to start letting us work from home?

With oil approaching less than $40/barrel, it's guaranteed that GOMBU will be closing it's sh– doors. Congrats to all of the sub-prime scum that made it past the 2015 layoffs, now is your time. Congratulations!

Well, WTI futures currently down to $43.88/barrel. DOW futures down around 500 points. Everyone knows that by the end of this year someone they know will be out of a job in a shrinking industry. Russia is not agreeing to an OPEC production cut... — read more 

That was probably the worst town hall I have seen in about 20 years. No information and a bunch of talking heads who spoke mostly drivel. Employee morale hit a new low after that hot mess.

The EOI is available to BU/DEPT management thru the end of 2021. Its not going to happen all at once and can vary by employee with each department. Its to be used as a management tool where needed, especially where must move AMBU employees are... — read more