I’ve looked at LA, CA, and TX WARN notices published through the end of November and do not see any WARN Notices...yet. These notices are required for “mass” layoffs 90 days prior to lay-off. If you have questions, please use Google.
Chevron Canada Cuts
There is rumor, there will be huge cuts as part of restructuring in Canada.
Transforming To Win. Another BCG Bloodbath
Wow. Way to continue to k–l morale at the company. Another slaughter brought to you by the Boston Consulting Group. I wish they hadn’t moved away from using the Greek alphabet to name these projects. That way we could at least keep track of how many... — read more
transforming to win
Nice professionally produced video announcement that could have been handled in an note that tells us we need to cut expenses. Email could have said “Heads gonna roll....more details to come”.
Occidental Takeover?
At what price does Chevron purchase Occidental? Occidental market value has now fallen below the Anadarko purchase price, excluding debt. Occidental and Anadarko's combined assets must be worth at least as much as Anadarko's assets alone, including... — read more
US Crude Oil Refinery Numbers
So I read this news story about how US refineries have reduced the amount of crude oil for the first time since 2009. This is the result of lower demand for refined products, such as fuel. Total average daily crude refined production is down from... — read more
Cost-cutting isn't a strategy......
but when that is all you know how to do, thats what you do. The Reuters thing is the tip of the iceberg. Follow the money. And the arrogance.
Reuters Article has leaked the changes coming
https://www.reuters.com/article/us-chevron-production-overhaul-exclusive/exclusive-chevron-ceo-plans-major-cost-cutting-overhaul-of-production-teams-sources-idUSKBN1XW23Z
SCM in project Montana
How is SCM function affected by Project Montana? Especially the global SCM? It’s not part of the PRC.
PRC President retiring.
Coincidence... I think not. Seeing as the rumors are working out to be true, PRC was mentioned as one of the BU’s to get the axe. Wonder who else is going to be retiring.
Chevron Layoffs 2020
Do you think there will be Chevron Layoffs 2020? Any news or rumors?
Severance package
If company is going to use PDC process to get rid of people, can the left standings get severance packages? It’s essentially the same as layoffs.
A lot of shade thrown at UC here...
I'm one of the id–ts from the center that the BUs hate. We actually aren't that dumb. We know that the BUs don't care about what we do. I know that we exist because it's (a little) important to have some governance and standards in how we do... — read more
It’s out! PRC, ITC gone! ETC survives
EVP let it slip earlier. It’s time to brush off your knee pads.
Pension Plan - How does it work if you sever employment before age 60?
Anyone know how the pension plan works if you leave Chevron before age 60? I'm trying to find an answer and all the pension website says is "Please contact the HR Service Center for more details about what happens to this Plan when you leave... — read more
More disappointing earnings a reflection on CEO strategy?
Despite extensive cost-cutting and throwing everything but the kitchen sink at our “enviable” position in West TX and ramping up production 35% we have not gained ground. We have lost ground and continue to slip. Solid balance sheet sure but... — read more
The very last drop!
We examine the ramifications of a shrinking oil industry. The imminent stockmarket flotation of Saudi Aramco, which produces 10m barrels of oil a day, or 11% of the global total, is a sign that the end of oil could be in sight. Aramco’s... — read more
Any reorgs or layoffs coming in ITC?
Wondering if any big changes are coming
Please Note This Is A Rumor: ReOrg Annoucement Scheduled For Nov 22
Well, it is an official rumor (whatever that means from my boss in ETC), Upstream will be going through a full scale reorg which will be announced on Nov 22. It looks like Chevron is moving to an asset class structure instead of a geographic... — read more
What's Up with D&C?
what happened to the thread of truth bomb?
padc
after 30 years at padc ,and just retiringi found out i have arthritis in both knees,severe spine damage.arthriitis in my right hand,4 heart bypass surgery,and now have to use a walker to get around.tons of foced hours and heavy lifting especially in... — read more
rice
if chevron has a tanker named after susan rice please remove the name or face public backlash.
4/10 schedule
Have Midland and SJVBU adopted 4/10 schedules? If yes, how does this benefit Chevron?
ETC
ETC management is having offsite workshops again. That never tends to end well.
Honeymoon at ITC
While Chevron and and Microsoft are spinning their partnership as revolutionary and innovative, the truth is that Microsoft has Chevron by the balls, and Chevron is being forced to purchase millions of dollars in software and services they don’t... — read more
Chevron and Microsoft
While other oil and gas companies are licensing best in class software as a service that utilize open standards, Chevron continues to dig their own technological grave with smoke and mirrors such as “Growth mindset”, and programs such as FWE that... — read more
Interesting to read of CEO comments on CA versus TX given the 2.7 mil. fine at and CEO's recent divestment of 50% of his CVX stock.
The DOGGR notices of violation, the order to "take all measures" and multiple follow-up site visits by were essentially scoffed at by CVX leading to the 2,7 million dollar fine levied recently. Are CNAEP spokeswoman tweets bashing CA govt (hashtag:... — read more
So sad, the Reserves Advisory Committee is now a total joke.
I’ve been working reserves for almost 30 years, and I can remember when the the RAC was lead by knowledgeable professionals like Joe and Greg. The rest of the committee was made up with seasoned Chevron professionals who knew their technical... — read more
GE to freeze pensions
General Electric, once powerful industrial conglomerate and darling of the DOW, announced today plans to freeze pension plan benefits. A shock to employees who felt the pension benefit was a guarantee. GE has been slow to adapt to new energies, like... — read more
Richmond, El Segundo.
Both properties have leaked so much product into the ground that they are actually producing 800-1000 bbls/day from recovery wells, and have multiple barrier water injection wells surrounding the perimeter of the sites to prevent groundwater... — read more
Digital transformation
Chevron is really hyping the importance of digital transformation initiatives for the last couple years. The benefits seem to be showing up mostly in meetings and townhalls. Everywhere except the bottom line.
Rumors going around...
Something’s happening
Wirth at the White House
Looks like the Wirths were guests for the State Dinner for Australia
SJv
What’s next? With the recent diatomite issues one can only believe this will only begin to speed up the exiting of California assets.
Cip
If you retire this year do you qualify for the cip next year?
NY Times published even-handed article on FGP and Tengiz
https://www.nytimes.com/2019/08/29/business/kazakhstan-oil-tengiz-chevron.html Great photos of Kazakhstan ! Only thing that I wasn't aware of was this fight at TCO where 40 people were injured (not Chevron Way behavior)
Unemployment Insurance
I was laid off in 2015 after 35 years with the company. I received six months of unemployment after the layoff. Because I am now sixty-four years old I have not been able to get another job. Will Chevron approve another six months of unemployment... — read more
Background check from Chevron
How quick and how deep?