Haven't been through reorg yet at Chevron. Wonder if a targeted layoff # will be shared
Set your 401k contributions to 2% if you are taking EOI but more retired yet
Saw the following post on thread and it make sense: “Contribute to my pre-tax 401k up to the match: $11,750 then stop (Meta will match 100%) Max out my after-tax. Ideally you could contribute $46,750 ($70k - $11,750 - $11,750) but Meta caps this at... — read more
Let’s bet..
How many times will MW say the word “together?”
Reserve Replacement
Chevron's (CVX.N) oil and gas reserves have fallen to the lowest point in at least a decade… Reserve replacement is one of the key metrics for investors in energy companies, as it gives a sense of how much oil and gas the companies could produce and... — read more
17 point survival plan for chevron
Here it goes: invest in exploration: bring back an investmant in explration and start snapping up tier ii and tier iii acrage as industry operators peel off lower grade acrage to pay off det. we need to grow to keep from dyeing. everyone else has... — read more
Recurring Rant Thread: Chevron's back-to-the-office initiatives
Let's see where is the sentiment right now...
Enough exaggerating.. time for truth !!
IMO all the fear created will vanish soon.. The 30% and 20% and what not.. this Reorg won't be too different than all others we have seen.. about 5-8 % reduction.. most of them EOI. Engine's impact will be gradual .. in 26-27 and beyond.. for now it... — read more
Any news in Richmond maintenance
Any new rumors?
'Twas the night before SETH
’Twas the night before Townhall, and all through the chats, The rumors were swirling of layoffs and cuts. The emails were vague, the tension was tight, Would we have jobs by the end of the night?
When can you quit and still get yearly bonus?
The title says it all. I have a job offer on the table, but don't want to lose my bonus.
SETH is tomorrow!
Who else will be hate watching tomorrow!?!?
Getting ready for Exxon
Re-org the same way as Exxon. Move the HQ to where they are. Clear out the C-Suite. Do all the hard work for them. Is the deal already done? Give it a a year or two and get it closed before Trump exits.
Actions have consequences
The longer we wait for layoffs, the worse my work ethic becomes. You don't care about my mental health? That's perfectly fine. I don't care about my productivity. I'll start late, I'll take long breaks, I'll ignore my emails for as long as I can. I'm... — read more
Motivation is hard to find
CTC has become a depressing place to work. How are we supposed to plan and create valuable goals when our leadership’s goal is to eventually eliminate your job. My manager is helping feed this fire by making more “business” related requirements for... — read more
Oil Industy is Toxic
The Oil industry has become an awful industry to work in due to CEOs like MW and DW at Exxon. The greed and disregard for employees is at its peak. Soon everyone will be outsourced in the industry other than big whilst. Field workers at some point... — read more
Will Mike Get A Cameo On Landman or Become TV Critic or Both
Well, with all Chevron's admin work moving to India from the US, I guess Mike has a lot of spare time to binge-watch TV shows. Will he go to work for Paramount+ or Netflix? I guess his DEI initiative partially destroyed Chevron and now he is... — read more
Asset classes make no sense
Every re-org for decades Chevron has managed to amp-up the matrix element of the organization which blurs lines, confuses priorities and vastly adds cost and complexity. Asset classes is the ultimate matrix and looks to be the ultimate disaster. ... — read more
Yesterdays WSJ article on Chevron/California split
Behind the Oil Industry’s Biggest Divorce: Chevron Versus California. Feb 9, 2025 “Why deal with California when you could go to Texas or New Mexico? You only have so much capital and so much time in the day,” said Andy Lipow, president of Lipow Oil... — read more
Older and paid well?
Your chances of surviving this reorg are minimal. The whole thing is about cutting as many of us in that category as possible. They'll toss in some younger folks too (age discrimination is illegal, at least for now), but we're the real targets. Why... — read more
I just can’t understand how the platform/chapter/product line/Agile got past management
As we loom closer to the impending reorganization and layoffs I just keep thinking back on how and who approved this ridiculous platform/product line/Agile/Global Advisor model? Someone explain how anyone could think that breaking into a myriad of... — read more
Full Return to office
I heard at SETH they’re going to “rally” us to come back to the office 5 days a week.
How about the new RSI guard program?
How much do you think we paid for that?
While Mike is Watching Landman, Midland Just Keeps Having Incidents, Can Someone Help
Guys, We just keep having incidents in the MCBU and all we are ask to do is figure out how to not make them a company recordable. What is going on? I think we need to bring BG out of retirement and his crew to get things back on the straight and... — read more
Fabulous comment on SETH
+36 There’s going to be an obnoxious animated video updating us on the wallpapered operational successes around the enterprise. Then there will be a few je-ks in a circle about how Chevron has “made strides” to some goal like Engine or CNE. He... — read more
Fork in the Road
POTUS came in to office Jan 21 and all Federal Workers got their EOI letter already. How long can it take our HR guru's to draft something up? lol
Best News from SETH
The best news will be if he steps down from Chevron. He will leave on a high note in his perspective with one last layoff for the road. Ride intense sunset after ruining peoples livelihoods one last time. His greatest legacy!
CVX Swamp Creatures
I saw a post on here about the worst of the worst are at CTC. 5 will get you 10 there are more bottom feeding swamp rats at CPP. Seen it all in this gang of miscreants. Nepotism, good ole boys, juiced in untouchables….. you name it. Thoughts?
IT 3 days
Don't get it twisted, waiting till June to have IT in the office 3 days a week is not to be nice and give you time to figure things out. It's to give them time to wipe out IT, we'll have plenty of space by then. Also, how long do you think it will... — read more
Three More Sleeps!
Only three more sleeps until SETH - who’s excited? It’s either going to be a cataclysmic event or a complete nothing burger of vagaries and superlative platitudes. Let’s get the party started in here!
PDC Bonus
While Chevron employees are celebrating their 1.1 CIP, us PDC employees are laughing at you with our 1.5 CIP factor.
IT cuts will be 60-65% employee reduction in US
I have heard it on good authority from someone who is involved in the upcoming IT transformation org design (to be announced) that IT employee headcount reduction worldwide will be around 60-65%. Some Job roles will also be eliminated. In short, if... — read more
Chevron DEI advisor layoffs
Our team met Thursday and all but one of the DEI advisors are being let go. Said it would happen by end of Q2.
While we're dreading layoffs, Mike is busy reviewing TV Shows
This says everything about where we are right now. I do not give a flying fu-k about whether he thinks Landman is a good show or not. What I care about is whether I will still have a job a month or two from now. What I care about is why the he-l it... — read more
Slow to execute
Chevron always take so long to execute reorganization. They have a history of deciding they need change then take 2-3 years to execute the supposed cost savings. These periods of uncertainty lead to low productivity. If you are going to make changes... — read more
RS the Snake ITFP Volunteer Day
What a joke. RS Snakey trying to spread joy and get us excited for volunteer day. I love volunteering but from him right now? Let’s twist the kn--e he already put in our back.
Mike Wirth On Landman
It’s honestly laughable that Mike would even be asked about the Paramount series "Landman" and act like he’s got any real knowledge of the oil fields. I’ve known Mike his whole career at Chevron. The only time he’s ever set foot in an oil field was... — read more
SETH
What will be announced at SETH
ENGINE is the new Agile
Remember when Agile was going magically fix everything? It was a magical elixir that was to cure every business ill all at once. Yet it’s forced adoption mostly yielded performative jazz hands, massive inefficiency, and shadow management strategies... — read more
Buffett
When will CVX and WB finally buy OXY.
Severance
What is a typical severance package (weeks per years of service) for Canada and USA