I just got a hard copy check for my July monthly pension even though I filled out paperwork to have it direct deposited. I notice only state and federal taxes are deducted, not Medicare. I thought Medicare would be deducted. Anyone else take the... — read more
Tomorrow's earnings will be telling
If there is clear evidence of continued deterioration of financial health, count on the unfortunate consequences i.e. Continued loss of jobs in 4th quarter and next year. I do hope things improve.
Mcbu ramping up?
The word out there is that mcbu is ramping up, but also heard the cuts there were significant. Re-hire opportunities?
Chevron in deep sh--
Low oil prices foolosh decisions to invest in 2 white elephants Gorgon and Wheatstone has led Chevron into an abyss. No light at the end of tunnel
Oil tumbling down again. Time for some more layoffs Chevron specially ETC
We don't need no stinkin SME's
Better check on your Cobra insurance.
My last day on the payroll was June 13th. I finally got my ADP paperwork on July 8, 2016 and mailed it back July 11th. As of this past Thursday the 21st, ADP still said they did not have my paperwork or check. Finally yesterday, July 25th they... — read more
100 Large Energy Companies
Not sure if this helps with job searches, but here it goes anyway: ABB, Acergy, Aker Solutions, Anadarko, Apache, Atwood Oceanics, BakerHughes, Basic Energy Services Bechtel, BP, BPHBilliton, Burns and McDowel, Cabot Oil, Cameron, CanRig Drilling... — read more
Why is the Chevron board so much worse than the other companies boards?
Why is the Chevron board so much worse than the other companies boards? Are there issues at Chevron with their employees or the work environment? I used to think Chevron was a good, respectable company.
Chevron to sell Bellaire campus and major site near Grand Parkway
Full news article, dated July 22, 2016: http://www.bizjournals.com/houston/news/2016/07/22/chevron-to-sell-bellaire-campus-and-major-site.html?ana=yahoo Chevron Corp. (NYSE: CVX) has put two pieces of Houston property up for sale, the energy giant... — read more
Laid off yet?
Chevron continues to lay off employees but not in mass that way they can avoid the mandatory notices and keep culling the herd.
BEN, AEN decimated
A close friend of mine who is the in the membership committee of BEN told me that the whole BEN is decimated because of the layoff. He expect the same to AEN and BOOMER. Might as well shut down all the network.
ABU
Are there going to be more layoffs in ABU this year or is it finished for 2016?
Gorgon and Angola
How are Gorgon and Angola LNG running?
Chevron need to update
Chevron is 20 years behind in its managment style .Processes and procedures from thd oil patch in 1978. You cannot keep laying people off if we as a company cannot change. All the human energy clap trap keeps going but no real change. We keep failing... — read more
Chevron's Engineering Capability
How will Chevron maintain its engineering capabilities if the Company has large numbers of experienced people retiring and others being laid off? Cash flow for the company is strongly dependent on facility reliability, but it seems that the current... — read more
Hot to invest and get a decent return in the current Environment
How are your folks who have retired in the last year investing your money ?. To me, both the stock and bond markets appear over valued at the same time, return on CD's or other comparable investments are negligible. How is one to make a at least a 5... — read more
Retiree Supplemental life insurance
Apparently I can maintain my supplemental life insurance as a retiree. In my case this is about a grand a year premium with a 700,000 payout. I don't see any term limits. So my wife or kids are guaranteed a big payout with moderately small premiums... — read more
CVX annuity vs Lump Sum vs reinvesting Lump Sum into alternate Index Annuity?
I'm still weighing options for pension. The more I look into options, the more confused it gets. Any advice from other recent retirees that have a ~$1.5M pension, $2.5M 401k and $600k in liquid assets? I'm particularly interested in logic around... — read more
Beginning of a spike in Interest Rates ?
The yield on the 10 year treasury has increased fro 1.3 to 1.5 in just 2 days, is this the beginning of a sharp increase in rates, if so maybe it is time to cash in your lump sum... Or it could be another head fake , who knows ...
Nigel Heard meeting BCG?
Hear the new MD of the ABU is currently meeting with BCG, presumably with a view to having them wave their wand over the ABU. Anyone's guess what that means in terms of who and when anyone will be affected.
Canadian Select
Canadian Select at 30 per barrel
More LNG delays?
Why is Asia Excellence delayed on loading vs original schedule announced 2 weeks ago? Asia Excellence still off sitting of Barrow Island. More missed commitments. LNG Buyers not happy. Why were cargo tenders at Angola LNG delayed? More missed... — read more
Keep holding on to that wet toilet paper rope that is Chevron, sooner or later it will dry out and strengthen.
Chevron is a $hit place to work. I am glad i don't work there anymore. What a phucked up place to be. Kiss my lily white a$$ Chevron.
CVX Vets, how did you get back on your feet after the last downturn?
I was a second-year FE who was laid off at the end of last year and have been desperately looking for a professional position since. I had enough savings to get me this far but I am running low due to unforeseen medical issues. If you are a veteran... — read more
Severance direct deposit July 7 pay check
Sooner than I expected. Chevron has been good. Sad good bye.
Oil prices
Seems like may be heading for another post-july fourth downturn like last year.
Are we headed to zero or negative interest rates ?
i have been let go, was going to cash in the Lump sum, but with interest rates continuing to plunge, Iam thinking of delaying till I turn 60, any thoughts would be appreciated
Is there at least on MCP we can point to as a win over the last ten years.
I was at CBU and I can honestly say we had all failures. Over and over. In the biger Chevron CBU's failures were small compared Angola, Wheatstone, AMBU, Bigfoot.....all horrible failures. Is there at least one big win Watson can honestly point at?... — read more
Happy Birthday America!
Even though Chevron laid me off a few months ago, I still get excited and feel special on the 4th of July. I hope you do also.
4th of July Observations
First of all, I want to wish everyone here a wonderful 4th of July Independence day! I drove from Westheimer at Dairy Ashford to downtown Houston. I then drove all the way down Louisiana, turned around, and dove back down Smith street. I saw a total... — read more
Another MCP
Chevron is prepared to spend $40 billion dollars to develop the Tengiz oil field in Kazakhstan, the most expensive oil industry project in the world for 2016. You can read the story on Fuel Fix. I hope they don't use Gorgon as a model. I have already... — read more
There are no other boards rife with petty children, hateful bigots and bitter employees/ex-employees like the Chevron board.
Does this speak to the kind of person associated with CVX?
It's finally over
My last day in the office was Thursday ,I want to say that having this site available during the entire ESP process has been a big help. Just having a place where I could vent or rant a little helped me get thru the process. Many of my questions were... — read more
Question: How are all the 6 month+ laid off people doing now? Did you find other jobs, relocate or are you still searching?
I'm wondering how all of you are doing? I was laid off and <5 years experience, and have not found any decent opportunities so far. Everything so far has been < 30% what I was making before.