More divestment news from today. Chevron has divested its whole operating interests in 2 oil producing assets in the Neuquen Basin located in Argentina. The deal is in line with Chevron's plan to divest $10 billion in assets during 2016-2017. All of... — read more
Why wouldn't Chevron rehire laid off Chevron employees?
My manager's manager assured me that when business picked back up that I would be called back. Maybe they lied. Does everyone really believe that laid off employees were poor performers? And why would someone from another company want to leave to... — read more
Vanguard to Fidelity
In case you didn't know it looks like Chevron is changing all of it's ESIP services from Vanguard to Fidelity. Vanguard has rock bottom costs so it will be interesting to see what Fidelity provides, but do this today: record the expense ratios of the... — read more
Permian Basin Divestment
Chevron recently announced the divestment of 64,500 net acres in the Central Basin Platform of the Permian Basin. This deal will offload 5% of Chevron Permian properties. This is in sync with plans to monetize 200,000 non-core acres in the Permian... — read more
Status of Fmr CVX Employees
Just curious on how quickly former CVX EE's have found new jobs/careers since layoffs. I know a few who got laid off in June 2016 that are still having trouble finding work.
When does JW confirm he is leaving, and new CEO (is it MW?) start?
When does JW confirm he is actually leaving? As far as I can tell there has just been a rumour he has been leaving. Is MW confirmed as his successor?
Way to go Chevron! Price gouging evacuees!
https://www.reuters.com/article/us-storm-irma-chevron/florida-cites-complaints-over-chevron-gas-prices-as-shortages-mount-idUSKCN1BI240
How do you have jobs posted?
How does Chevron have jobs posted and you are still laying off? Take the people that you are laying off and place them into a training program and teach them a new skill. I know that not everyone that has been let go is not worthless. I can name... — read more
TCO / Rotational Question
Do you have to pass a hair test to rotate out of tengiz if you are already a CVX employee?? What about other international rotations.
Wish JW would have been released sooner
his personal bonus was weighted on share holder return so maintaining dividend was paramount. Short term rewards were was more important than realizing o&g is a long term business. Layofff good people and fire sale valued assets. Add to the fact we... — read more
Lay offs
Are layoffs still going on in CBA or it's all finished and everything is stable.
Bitter Workforce
http://www.ToledoBlade.com/Energy/2017/08/29/Energy-industry-s-layoffs-lead-to-bitterness-in-work-force.html ================================== Zach Scott was a year old and his brother was still in the womb when their dad got laid off from... — read more
Chevron survival politics and layoff psychology
There is a lot of survival politics at play all around in Chevron now -- a significant symptom of the underlying fear. examples: bosses trying to portray themselves smarter than their subordinates or trying to downplay the achievements of... — read more
Why is CEO out early?
Chevron CEOs normally plan for ten year stints. The current one, if replaced as rumored, will be cut short by three years. Any idea why? Performance has turned around rather nicely via cost cutting and asset sales. Health issue? Dispute with board?... — read more
Chevron ESP INSIDER
HOW TO CHECK IF YOU ARE ESP: Go to outlook and see what groups you belong to and you can see if you have been selected for ESP. You can see if others have been selected also by seeing if they belong to ESP Group.
What have you seen at Chevron in the last 10 years?
It is time to start really calling out all the corporate twits. Let's turn this blog into factual data. If you see something say it. If you see something at work and use your computer to post so call "anonymous" violations of corporate, federal and... — read more
Layoffs announced in GOM/DWEP on Monday
Monday is the day when the next 290 people in GOM/DWEP will find out their status as employees. The GOM is getting smaller and the staff is reducing again. Hopefully this will be the last layoff in the GOMBU for the next several years. Lots of great... — read more
Stop the childish attacks
Just amazing! Constant name calling and nasty conversations is nauseating. Why don't the participants go back to elementary school and stop the vile
Who should be worried that Watson is retiring?
What leaders have the most to lose with John Watson retiring?
Early Retirement
With Mike Wirth rolling in we should expect a massive tidal wave of early retirements. Just watch it, the man has an agenda and it has to do with our headcount. Next 6 months will be an interesting period as the Iron Mike fastracks his cost saving... — read more
What's it really like in GOM?
I heard COV100 is going to shut down completely.
Mike Wirth will destroy upstream
No more small downsizing in upstream (GOM & DWEP BS)). For those of us survivors of accelerate downstream, it's about time the hatchet comes out. Get ready for a massive reorg.
Drug Testing
Did anyone else notice an increase in drug testing for thise currently working?
JW leaving says WSJ
https://www.wsj.com/articles/chevron-ceo-john-watson-to-step-down-1503421486
Expat assignments
What were your favorite expat assignments in Chevron?
What's it really like in China?
Seen a few rotational jobs there, how is it to rotate there?
What's it really like in Tengiz?
What's it really like in Tengiz, Kazakhstan? I might go there to work if it's not too dumpy since the money is good I can handle the long days.
ETC Leadership Team
I had the opportunity to present to the ETC LT recently, and they invited me to stay for the rest of their meeting and have lunch with them. I have to say, I have never seen a more self-absorbed, out of touch "leadership team" in my life. They were... — read more
Friends and family
The nepotism is mind blowing. Lots of kids of big guys, how can you give them a poor review? He will get back at you via his daddies friends (all of whom he knows from when he was a kid growing up in Duri, Balikpapan or Caracas). His network from his... — read more
$10 billion to Aussie Taxpyers - Great win for Australia
Shame on you Chevron - Congrats to Aussie Tax Payers. Let's hope that you've learnt your lesson and won't be pushing your deceptive and shameful practices in other jurisdictions... — read more
This says it all
http://realmoney.thestreet.com/articles/08/14/2017/chevron-faces-price-pullback?puc=cnnmoneyp&cm_ven=CNNMONEYP As an employee I would take a hit on my dividend, instead of getting into debt more. The only reason it shows a + is because of the sale of... — read more
New petroleum engineers hiring
Will Chevron hire any new petroleum engineers in 2017 in fall recruiting ?
If Anyone knew received Severance package could affect to apply unemployment benefit?
In Last couple days, got a message from TWC (Texas workforce commission) about unemployment benefit over payment for July-Sept 2016. They requested to pay back. I was so confused. After multiple conversations, they said it is because of type of... — read more
MetLife- Basic Life Conversion
Does this worth it? The price quoted by MassMutual is roughly $1000 per month. Any suggestions?
Rising Production Decline Rates in Shale Wells
Read an article today stating that the oil production decline rate is increasing in virtually all shale basins in the United States. This includes the Permian, Eagle Ford, Bakken, Haynesville, Marcellus, Niobrara and Utica. This is being blamed on... — read more
Open Clean Honest Thoughts About the HES Function
Last week my boss brought us all together to talk about the post from the prior week about AMBU and how jobs were being handled. He made a few comments that cowards only post on this website. I posed the question of what if this was brought up at an... — read more
Wheatstone - how's it going
Read that it's almost ready for startup