Topics regarding layoffs at Chevron Corp.

Topics regarding layoffs at Chevron Corp.

Bellaire

Why have the real police been in the lobby of BOB the last few days? Something up at CPL?

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| 3800 views | | 16 replies (last February 5, 2016)
Post ID: @OP+FLXYHjr

Townhall drinking game rules

Just start drinking and don't stop. I've heard HR will be checking for hidden bottles at the door. If you don't have one, you'll be given one. “Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut.” ― Ernest... — read more 

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| 1281 views | | 1 reply (February 3, 2016)
Post ID: @OP+FLnzMro

Oil Below $25

Hilarity ensues: https://image-store.slidesharecdn.com/46effb12-d0ef-4bf9-823a-d12584bd317e-large.jpeg

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| 2780 views | | 21 replies (last February 3, 2016)
Post ID: @OP+FK6Zvnm

ITC Still Screwed up

So when are they going to run off CIO Bill and most of those over paid GM's. I do not have faith in any of them anymore. They have made one bad decision after another with Chevron's money. Louie's wasted money on the Data cneter that is so over... — read more 

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| 2190 views | | 8 replies (last February 7, 2016)
Post ID: @OP+FKOVvzS

HR Clueless

I have nothing but issues with the HR Service Center. Wrong paper work sent to me, different stories when you talk to them about Retire Medical versus COBRA and then to retire medical. It is outsourced to Xerox as that who's name is on my ACH draft... — read more 

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| 1860 views | | 6 replies (last February 3, 2016)
Post ID: @OP+FKVjcN4

The Sky is Not Falling,

... you are simply flying a bit closer to the ground than you are used to, or, in some cases, have never seen before. And, don't worry too much about the many layoff percentages being thrown around, as long as you have the wherewithal to weather the... — read more 

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| 3590 views | | 10 replies (last September 21, 2017)
Post ID: @OP+FKBtchB

News on SJVBU?

What's going on in SJVBU? I hear there will only be 1 drilling rig operating soon?!

CHEVRON IS LAYING OFF 4,000 WORKERS IN 2016

Chevron Corp. is readying a second wave of layoffs and slashing its capital spending by more than $9 billion this year, the oil company said Friday as it reported a surprise fourth-quarter loss of more than half a billion dollars. Chevron late last... — read more 

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| 4340 views | | 9 replies (last February 5, 2016)
Post ID: @OP+FKYPTht

ROMed in '04

This is nothing new. And it matters little what value you were to the company when oil suddenly got cheap. What matters is the bottom line, always the bottom line. And bonuses for the executive staff who manage to increase the bottom line by saving... — read more 

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| 1870 views | | 4 replies (last February 2, 2016)
Post ID: @OP+FKhUivq

2015 Performance CIP Bonus Award... continued

On Wednesday Feb 3, the corporation will announce the corporate rating for the CIP Bonus for 2015 performance. A rumor circulating on Monday morning in San Ramon has it the Corporate CIP Rating will be fairly generous. The factor will be along the... — read more 

CBU new org charts out last week.

About 25-35% of employee positions cut. Kitimat and D&C hit hard. Most expats heading back to home countries in April ESP. Contractor cuts will be "significant". Org size likely to go below 500 including employees and contractors. Was about 1000 this... — read more 

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| 2402 views | | 3 replies (last February 3, 2016)
Post ID: @OP+FJwHQdo

Petrophysicists

Are they all safe from layoffs or is it just the foreign expats who are safe?

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| 1570 views | | 5 replies (last February 2, 2016)
Post ID: @OP+FJn42hi

2,400 positions in total for new CNAEP org chart.

The less layerd, and simple is better Org Chart that Watson is now calling it, has 2,400 positions. 960 are placed, the rest (1440) will be open to the remaining 6,540 employees. This may go down in number as BCG as of today, is running efficiency... — read more 

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| 4080 views | | 15 replies (last February 2, 2016)
Post ID: @OP+FJeSy2n

Are Chevron JV's Exempt From Any Of This????

Having retired from CPChem, some years ago, I can assure all,... they have more than their fair share of slugs and under-performers. Yet, I have seen absolutely no mention or acknowledgement of JV staff being effected, in any way, by ANY downsizing... — read more 

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| 1080 views | | 3 replies (last February 1, 2016)
Post ID: @OP+FJ9PMr7

The facts.

The $588 million loss in 4Q15, worst quarterly performance since 2002, isnt the whole story. Our capex for all of 2015, $34 billion, hugely exceeded our cash flow from operations ($19 billion). That means our debt increased by almost a factor of two... — read more 

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| 1880 views | | 6 replies (last February 1, 2016)
Post ID: @OP+FJpvOXv

Lessons Learned - For Those Who Are Still With Chevron And Think You May Be At Risk - Updated and Reposted From 3 Months Ago: The OC is Back

In my last post, I discussed some of the issues that the recently departed may be facing. I then recently realized that I have neglected to address some critical areas in which those who are still with Chevron, but fear may be leaving soon, need to... — read more 

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| 3770 views | | 12 replies (last February 2, 2016)
Post ID: @OP+FJhwgAf

We are on a short leash.

In the current business environment and cash flow condition, Chevron can last 4 yrs without borrowing, according to CNBC. This metric differentiates us from our benchmark competitors, some of whom can last decades. If we borrow money to pay... — read more 

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| 1440 views | | 3 replies (last February 6, 2016)
Post ID: @OP+FJGyzwF

Selection day everyone will be home

Selection day will be no work. You will be instructed to take your computer home. You will either be called or emailed if you are fired. Chevron will mail your remaining office items to your home. A US box will also be mailed to return computer. You... — read more 

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| 4120 views | | 24 replies (last February 2, 2016)
Post ID: @OP+FJabDBc

ETC & Horizons

Its sounding more and more like ETC and Horizons will be a thing of the past by end of 2016.

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| 2570 views | | 13 replies (last February 1, 2016)
Post ID: @OP+FIfnXHi

NEPOTISM Not Bad

A lot of posts here beat on nepotism as a bad thing and it's not. For example if a manager keeps his white son, another manager white son, and another managers white son in law, instead of keeping 3 black guys some would say that is racism. It isn't... — read more 

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| 2300 views | | 20 replies (last February 2, 2016)
Post ID: @OP+FIk24rD

lots of new folks streaming into DWEP

How is it that we are two weeks away from the start of ESP (Enterprise Selection Process = 60% of all CNAEP jobs open for posting) and yet, every other week since November there is a "Welcome to DWEP" announcement with 15-20 folks joing DWEP, mainly... — read more 

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| 3410 views | | 14 replies (last February 1, 2016)
Post ID: @OP+FHBJcT0

At some point in the near future they will run out of items to take to the pawn shop for quick cash - what happens then?

I have a good friend who owns a pawn shop. He tells me how sad it is to see laid off oilfield workers bringing their possessions in for pawn or sale for a fraction of their real value. These folks are doing this to place food on the table for their... — read more 

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| 2280 views | | 14 replies (last February 1, 2016)
Post ID: @OP+FHGusLX

CNAEP will consolidate all BU's laying off 4,400.

Well the trickle of this rumor is now a gusher. This has been repeated by several managers that know. This buisness model will be the new normal. No going back. No BU will "close" but places like AMBU, Canada and GOM will have less than 50 employees... — read more 

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| 5620 views | | 30 replies (last January 31, 2016)
Post ID: @OP+FGxcksr

Here We Go, Again,...

Watson, mere minutes ago, following 2015 Q4 results,... "We're taking significant action to improve earnings and cash flow in this low price environment," Chairman/CEO John Watson says, as 2015 operating expenses and capital spending were reduced by... — read more 

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| 3030 views | | 9 replies (last January 30, 2016)
Post ID: @OP+FG3mesh

List of Energy Companies on Death Watch...

Bring on the big layoffs and foreclosures in energy companies and energy producing states. Antero Resources (4.99) Energy XXI Ltd (5.09) EV Energy Partners (6.54) EXCO Resources (4.72) Exterran Partners (5.23) Goodrich Petroleum (29.44) Halcon... — read more 

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| 2340 views | | 3 replies (last January 29, 2016)
Post ID: @OP+FGTLGiG

What is this new group "Complex Process Facilities" all about?

The announcement had all the standard CVX BS "Provide functional excellence" "focus on safety" "people development dimension" "define capability and skills" yada yada yada and then LOTS of new jobs for named senior managers $$$. Was the company that... — read more 

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| 731 views | | no replies yet
Post ID: @OP+FF0iPDn

We have nothing to do???

I made a mistake and moved to AMBU 2 years ago. There is nothing going on. Everyone is hiding at home. Employees show up and then leave after an hour. We are not drilling a well this year. Even the emails have stopped. Are the other BU's doing... — read more 

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| 3920 views | | 21 replies (last February 1, 2016)
Post ID: @OP+FFAZWHk

Brent at 35

Light at the end of the tunnel?

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| 1340 views | | 4 replies (last January 29, 2016)
Post ID: @OP+FF23EdP

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