Here is the thread, massive cuts in works, : @FxzJT9R -- stock down 8% today, 40% down in last 30 days...

Is wednesday going to be the disaster day in the markets?

I have a few improvement points to share (mostly about nesting of topics) - Please reply and let me know if you'd like to add any requests/comments and I'll add them to my email...

The official thread

What percent workforce cuts is everyone hearing for each of the US Buisness Units? The word "severe" is being tossed around a lot, and the rumours seem to be settling around a 40% workforce reduction.

Times are tough. Just not CVX. Our industry will draw down more and more each day. Iran to increase production of 1.5 million BOED just when inbalance was nearing 1/2 MM BOED. So with that said, the party lights are dimming quickly. Time to move on... — read more 

Really here for 25 years. How about the high end hunting trips out of the lakefront airport on private charters . Maybe building materials and help building Texaco engineers fishing camps. What about skiing trips to Aspen? Hell Lunch in the quarter... — read more 

Hi receive offer in good comerce role at chevron. Think about take it. what you guy and girls do about offer? take?

Reading some interesting stuff here, someone talking about thousands of people in scope for the ESP and an automated process required to make that work......OR, as someone else suggested.....these thousands of positions are opened up......never to be... — read more 

FYI...this is exactly what all BU's should expect.... Chevron Indonesia has identified a more flexible and competitive business model. And in order to achieve it, layoff are necessary. This action will give additional values for all stakeholders... — read more 

I am waiting to see if I will get a Visa extension, or if I will be classified as a "Must Move" for this PDC process. When I heard that there would be 60% of the jobs opened up, it actually gives me more hope that I will find another job within... — read more 

Offshore Christmas Song (revisited): https://youtu.be/lWmmtJgSEWM

We all know the CVX PMP process is a JOKE. I managed to do well as far as performance goes and for the right merit. for the past 5 years I had 3 1's a promotion and a 2+. Most likely for 2015 I will get a 2- due to my 2 managers (solid and dotted... — read more 

VIENNA — International inspectors confirmed Saturday that Iran had dismantled large sections of its nuclear program, as agreed in a historic agreement last summer, paving the way for the lifting of oil and financial sanctions by the United States and... — read more 

ETC 60 day notice was amended when they figured out they would have to pay 2016 vacation for all in round 3 ROM. This is just another way ETC found to screw with the lesser paid employeed of Chevron. When are they going to b e fair and equal to all?

Finally, some heads are gonna roll. It's time this scandalous, corrupt regime gets what they deserve. Let's see how these clicks survive in federal prison.

CVX have certainly tried things when others have failed or withdrawn. One example was the foray into Eastern Europe to try to exploit shale gas in a number of countries. This obviously did not work out even with JJ guiding and DM muscling things on... — read more 

Is #Recession coming?

Geez! Lets have one massive capitulation and move on. I know that wont happen. This is going to be one hell of a 2016.

Yes he needs to be exposed, I agree. How about the biggest single fine in Pennsylvania history......This is Jesse's doing.....http://www.law360.com/articles/662062/chevron-fined-nearly-1m-over-fatal-gas-well-fire....Jesse has blood on his hands. So... — read more 

There is a lot of survival politics at play all around in Chevron now -- a symptom of the underlying fear. examples: bosses trying to portray themselves smarter than their subordinates or trying to downplay the achievements of subordinates in the PMP... — read more 

To be completed by mid-Feb to help get expats in the ESP. 20% staff reduction. The email was sent out mid day today. #CalgaryLayoffs

These things take decades to play out - we had a good decade, now things changed, we are about to have a bad decade. Do you have patience?

Oil and gas companies borrowed heavily when oil prices were soaring above $70 a barrel. But in the past 24 months, they've seen their values and cash flows erode ferociously as oil prices plunge — and that's made it hard for some to pay back that... — read more 

Seems to me there are two main objectives for the Enterprise ROM: Return as many expats to home payroll as feasible. And yes, this would include sending expats out of US to home payroll to make way for returning US folks, that's why all BU's are... — read more 

Fellow GOMBU. Did you hear about getting a package? Since almost all of us are going to Cox. They let the field personnel know they're gone. All the support in the office, hadn't been notified yet, if they have a position.

A whopping 60% (!) of all CNAEP (Chevron North America) Upstream jobs will be open for posting during the March PDC after the Enterprise Selection Process (ESP) is completed and those employees are notified on February 18th. That means that all the... — read more 

http://ritholtz.com/wp-content/uploads/2016/01/breakeven.png

Where is the bottom? Both down over 10%...