It impacts our CEO just as equally. He may only earn his minimum $28 million dollars this year if he doesn't receive any performance bonus. Winning in any environment.

What about everyone else, there has to be a lot of interest in Voluntary Severence Packages, or EOI...

Cramer ... says [oil stocks] are the new t-b-cco. Younger people are avoiding funds with oil. Ok, but they still seem to be buying huge SUVs. Cause and effect seem to not circle to the same point.

Time for Wirthless to takes his extraordinary unreasonable compensation package, excessive write downs and bearish talk on future oil prices and go.

OIl prices dropped to $53. we can expect more layoffs shortly

Anyone got updates on the TP&S "Functional Transformation" supported by Boston Consulting Group? Earlier posts last year had mentioned that various groups under TP&S (PRC,ETC,ITC, CTV, CBRES etc) were going to reorg.

Its leaking out.

Info request - what's the total headcount at the co? How many people are employed at San Ramon?

Build up your pension, investments, savings, add in a few years overseas premium, get to 55+, next industry downturn or re-org tick the EOI box. Two years salary as a payoff, nice pension and a change of career...

Please chime in - is my Chevron pension at risk?

Can Chevron stop toying around with different words for layoffs? 5000 people are going to be let go this year. Let's just get on with it and stop holding the workforce hostage.

cembrec (ie cbres) is getting rid of their drawing management team in Houston seems as six poor souls have been selected in efforts to donate their salary for Mary’s pension funds cbres is going downhill every year they’re making room, getting... — read more 

On the average how long did it take you to move to your next PSG. At what CO % should I request for a promotion to the next PSG and when is the best time to request for this?

“The Peter Principle was laid out by Canadian educational scholar and sociologist, Dr. Laurence J. Peter, in his 1968 book titled ‘The Peter Principle.’ The Peter Principle is the logical idea that competent employees will continue to be promoted... — read more 

20% cut to corporate affairs announced this week. round one of "selection event" starts monday. new org being stood up march 6. no word yet on severance packages.

Hearing some older workers in MCBU are being informally polled on whether they would take an early retirement package. Anyone else hearing this.

ITC leadership particularly in middle management (psg 25-26s) are a collection of folks that probably could not get a job anywhere. They are not employable - perhaps not even qualified to be a greeter at Walmart. I hope this next purge of folks... — read more 

All workers in northern Iraq Kurdish region have left as a precautionary measure. Other people will continue operations there. Here we go.

Any rumours on the CIP factor this year?

https://www.reuters.com/article/us-kuwait-saudi-oil-chevron-idUSKBN1YS0VO Does this mean some job opportunities in near future?

20 Employee reviews listed below. All created in last 30 days. Source below. Upvote my post if you want me to post this summary every month. Digital Innovation Leader in Houston, TX Good: Good place to work. Lots of opportunity... — read more 

N—rian workers on strike against a Chevron facility. Yawn, what else is new? Oil production is effected, but not enough to cause any significant earnings damage. Who knows how long this will last? Wake me up when it is over.

Has anybody tried to come back into Chevron after a few years of retirement, especially after volunteering to retire during the layoffs of 2015-2017? What are the challenges of adapting to working life, working with former coworkers and new younger... — read more 

Are the two programs going to be eliminated as part of Vision 2020?

Golden parachutes for the L3s and above. g—n s—rs for the rank-and-file. 50% headcount reduction by March 8th.

The chief of ineptitude just got a fat $3 million package to stay the course and finish her goal of boot-throating AMBU. Glad I bailed to Midcon when I did.

I eat most days with a group of buddies and we eat most of the time at the 1400 or 1500 cafeterias. One guy likes to make us all laugh by occasionally getting a slice of pizza or soda without paying for it. He is a lower PSG than the rest of us and... — read more 

Anyone hearing anything about a possible VSP? Heard it was a possibility.

Chevron authorizes $5.7 billion to proceed with Anchor Project development in deep water GOM. Located 140 miles SW offshore Louisiana in Green Canyon. Lots of layoffs needed to help with that cost. Expected to be online in 2024.

Looking at the recent announcements: Transformation (4 OPCOs to 3) AMBU and Kittimat 4 sale Seems like there is a little more smoke for the postponement of a spring PDC for an Upstream Global Selection event.

“I am writing today to inform you that Chevron has decided to initiate the process of marketing for sale AMBU’s assets in Pennsylvania, West Virginia, and Ohio. “The marketing process is expected to take several months and may or may not result in... — read more 

Chevron will announce a $10-11 billion dollar impairment against 4th quarter earnings. The impairment will be write downs of the value of its Appalachian and Permian assets. Watch the news tonight.

Does this sound familiar ? In a poll of 1000 workers, employee benefits consultancy Perkbox found that just over a quarter (27%) of respondents aren’t keen on the idea of work Christmas parties, because they don’t believe employees should be... — read more 

Has anyone else noticed downstream is not transforming, despite being the perennial weak link? Apparently when the CEO learned of the $15 billion TCO cost blowout, he had a blow out. He told Jay and Joe they would wring the equivalent out of their... — read more 

It seems like the discussions are less lively than in past events. Is it that everyone is jaded or did they fire everyone that used to looks at this site?

To be blunt. Our technology leadership is antiquated. risk averse and lacks technical fluency. They are a bunch of talking heads returning from industry conferences. Nothing more. Winning in any environment sounds good and all but it's not... — read more 

Cost cutting and layoffs related to cost cutting have been on the table for a long time at this company. Is there a realistic limit to which the company can afford to go with cutting cost, and which it can’t afford to cross. Are we close to that... — read more