Topics regarding layoffs at Chevron Corp.

Topics regarding layoffs at Chevron Corp.

Rumors of GOM move

I work in the Covington office. Rumors have begun to circulate that the office will be closed and everybody will move to Houston. Any truth to the rumors or folks just gossiping?

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| 10330 views | | 64 replies (last February 12, 2019)
Post ID: @OP+TEgELaM

ABU ROM is on in Q3

Confirmed: ABU ROM is on Q3 by MD in Town Hall to be finalized by Q4. Headcount reduction will be conveyed in various Functional Team meetings in coming weeks.

Steel Tariffs

Will the proposed tariffs on imported steel have a significant negative on drilling?

FGP No where to go

Just bumped into an old work friend on FGP....Worked on Gorgon. Told me Chevron brought many old expat managers from Gorgon with no real jobs. Exxon looking on in horror, Oh and he said Gorgon was not as bureaucratic as Tengiz ..have we learnt... — read more 

ABU ROM in Q3/4

Rumour has the result of BCGs almost 2 years of “consulting” will be rolled out in July with a ROM following the new Value Chain Alignment org structure. I imagine middle management will have to take a hit. Far too many of them. Also expect... — read more 

Medical Premium for Early Retirement

Planning for early retirement but very confuse about company contribution i.e. 57%. Can someone please provide your best gestimate of monthly premium for CVX PPO plan after retirement (currently I pay ~$280 monthly)?

Learn new things or be laid off?

I've been with the company 29 years in the D&C organization, and I was told this week that I needed to learn some new things or basically get the boot. I talked to another colleague in IT, and even he said that apparently we are trying to get people... — read more 

Chevron vs. Exxon Culture

I've worked 3 projects as a contractor for Exxon, and now have been a Chevron employee for the last 4 years. The two companies are completely different in attitude. At Exxon, they almost expect you to work an extra 10-12 hours per week. 40 hour weeks... — read more 

Let the ABU Hunger Games begin!

I love this site. It is soooo good and amusing to see Chevron anecdotes being distilled by all and sundry - this is why I come back despite being an ex Chevroid and feeling better about it in my new skin! Looking forward to seeing more posts on ABU... — read more 

ABU - the mayhem commences

Morale is at super low levels. BCG has been in the building like for ever. It is the uncertainty which is the most unnerving. Also all along the messaging has been super confusing- perhaps deliberate. Management was saying all the time - oh this is... — read more 

interest rate rises and lump sum erosion

I estimate a .5% increase in interest rates reduces the lump sum 6%. This reduction could take 6 months of working to recover if rates do not increase further. In the current rate increase staircase, today may be the peak lump sum for people with 20... — read more 

Best CVX company car?

Who has the best Chevron-provided company car? I hear in Africa all expats get a fancy leather-wrapped SUV of some sort. Same thing in Latin America, only armored. Those things must cost a pretty penny. I heard Canada gets nothing basically. We... — read more 

#MeToo @ Chevron

Heard that a few relatively senior men are getting investigated and the axe, for doing things they really should have known better than to do.

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| 4320 views | | 13 replies (last May 11, 2018)
Post ID: @OP+T08Ph6D

More layoffs

I'm hearing layoffs in Houston soon. Maybe 200 or so. Anybody has more info on this?

Quit vs retire

So what is the difference between quitting and retiring from an HR perspective. Someone told me that you get your prorated annual bonus of quarters worked when you retire (but not if your quit). Given that, why does anyone quit when they could just... — read more 

Future Growth Project - Tengiz

Well its been two years to the month that CVX and I ended our 35 yr relationship. I used to read layoff.com frequently, but kind of got over it during the last year. Can anybody provide an objective synopsis of where Future Growth Project is these... — read more 

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| 2100 views | | 7 replies (last April 30, 2018)
Post ID: @OP+SV9toxx

my choice

29+ years with Chevron. After considerable portfolio modeling and research, I chose the lump sum.

Retirement Points

What are your thoughts on the various retirement "point" thresholds? Is it worth it get achieve the benefits available at 75 points? 90 points? How are people viewing this and interpreting the guidelines?

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| 2140 views | | 7 replies (last April 23, 2018)
Post ID: @OP+SOTW3Y7

How long does it take for HR to process a Lump Sum request?

I sent in all my paperwork more than a month ago but still haven't seen my lump sum for an annuity start date of April 1. For those who have been through the process, what, if any, interest did they add for delayed payments?

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| 3680 views | | 35 replies (last May 5, 2018)
Post ID: @OP+SNUyXjl

Vesting question

Does anyone know if time spent as an in house contractor prior to getting hired on by CVX, is or can be counted towards vesting?

US severance scheme

Remind me how the US severance scheme worked last time. Two weeks base pay per year of service? Do they withhold taxes? How long after your last day do you get it? Can you defer it to next tax year?

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| 2690 views | | 4 replies (last April 18, 2018)
Post ID: @OP+SJaOBzo

Better to leap?

A buddy of mine left CVX with 20 years and was able to get his new employer to keep him whole on pension (especially) but also 401K and vacation. Financially it is equivalent to staying at CVX. But, he likes the new place a whole lot more and they... — read more 

CSOC is dead. Long live CSOC!

Seems like CSOC is over. The anonymous feedback site is over. The GSA is gone. I never understood CSOC anyhow. Nobody did. Why combine Capital Stewardship, investing, with Organizational Capability, staffing? What could be more obscure? Invented by... — read more 

How long is your lunch hour?

Some people have suggested lack of productivity is related to instance of layoffs. This probably correlates with long lunches. Tell us what SBU you are in and how long you normally take for lunch. I'll start. I'm in the shiny new GOM SBU. We normally... — read more 

CVX report on strategy/ climate change risk

An interesting publicly available report to read, the Carbon Tracker analysis also uncovered something telling about whether FGP, Gorgon and Wheatstone will actually generate earnings. https://www.carbontracker.org/chevron-takes-tentative-steps/... — read more 

Ethics Alert

What does it say about the caliber of employees at Chevron where employees are now sending, receiving, and reading p--n during business hours. Not enough work to keep them busy?

What do you think of the new CEO?

He did an amazing Town Hall today. It was easily the best Chevron ever had. All about people. No graphs and no mention of business performance. Employee hostess. Senior management were microphone runners! Genius. Everyone I know loved it. He handled... — read more 

How to return as an engineer in Chevron USA?

I'm an engineer who chose to leave Chevron for 3 years for family reasons, but had good performance ratings etc. Now I'm in a position to be able to work again, I was wondering who do you contact to ask for employment opportunities? Making it harder... — read more 

Shale boom crashes prices but boosts jobs

Word on the street is that the shale boom is creating a frenzy for petrotechs in US, thus the need for the PSG bumps. What’s your experience? Qualified People are scarce?

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| 1630 views | | 1 reply (March 5, 2018)
Post ID: @OP+S1U3JY2

Ombuds

is chevron ombuds program truly confidential? Will local BU level manager get any update?

HR policy for expats working in the US

What kind of policies or checks and balances does the company have in place to prevent expats working in the US from gaming the system? For example, the the Unstructured IM Supervisor from MCBU IT has been in the US for 4 years w/ 2 anchor babies in... — read more 

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| 2500 views | | 7 replies (last March 15, 2018)
Post ID: @OP+S0wwow8

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