Just 6 out of 158 U.S. CEOs said they'll prioritize bringing workers back to the office full-time in 2024, according to a new survey released by the Conference Board.
Rumor of 0.5 or less CIP
Holy smokes if that’s true but lots of rumors flying about at the high end it would be 0.5 and likely less.
Any leaders among CEOs?
I came across this funny headline on Bloomberg, “Why Would Anyone Want to Be a CEO These Days?”. Yes, why would they? When s–t hits the fan, nobody wants to be responsible. C-suits do not suffer financial consequences for their bad decisions... — read more
Sports Analogy
In the sports world most of the blame for a losing season is on the Head Coach. Players might be traded or benched but the head coach usually get fired and takes the overall blame. Like in football the our Head Coach should take the blame instead of... — read more
https://energynow.com/2024/01/u-s-oil-and-gas-bo-m-doesnt-feel-like-one-to-workers/?amp
A gloomy piece on oil and gas employment … hopefully it will get better in 5 years or so
Chevron Badge Monitoring
https://www.techspot.com/news/101468-new-research-suggests-narcissistic-controlling-bosses-drive-return.html
CTC changes: what's next?
Any thoughts with recent changes in CTC leadership?
Structure?
Anybody know what salary structure increase is going to be this year?
CNE Shutting Down?
What are the odds on CNE surviving 2025? Let’s face it, no real need for a separate entity, it’s time to move on. Roll any actual project into the appropriate BU and be done with it. Plenty of fat to trim. Great opportunity for the new CFO to show... — read more
The beginning of the end for the permian
The 1MMBOD goal by 2025 is going to require to burn a lot of cash just to not pi-s wall street off Https://www.artberman.com/blog/beginning-of-the-end-for-the-permian/
New year, new name = SBS
Any thoughts on this new Strategic Business solutions nonsense
2024 predictions!
Here are mine: Hess acquisition quickly shows to be a classic case of OG FOMO overpay RBU misses targets, as integration turns into a quagmire and reveals low grade assets. TCO pushes announces more delays and overruns bonuses and raises are... — read more
If you quit before march 7th, do you still get a bonus?
Do you have to stay on until 3/7/24 for receive a bonus?
Target for Layoff's
If there are layoff's in 2024 let's hope this time Chevron does not encourage or push experienced or older people to leave. We need to keep experience for a while after the great exodus of 2020. Layoff target this year should be the lower... — read more
More bad news at CVX…$4 billion writedown in Q4…
“Chevron (NYSE:CVX) disclosed Tuesday it will book $3.5B-$4B in charges for Q4 on some of its U.S. upstream assets, primarily in California, citing regulatory challenges that have resulted in "lower anticipated future investment levels in its... — read more
Best place to work right now (BU)?
Curious what folks think are the “best” business units to work in right now. I use best loosely because things aren’t going well right now as a whole given the admonishing emails from our leadership. TCO? Permian not looking too good. SJV can’t get... — read more
Do better if you want some of the pie.
“The five super-majors – BP, Shell, Chevron, ExxonMobil and TotalEnergies – showered shareholders with dividend payments and share buybacks worth $104bn in the 2022 calendar year, according to the Institute for Energy Economics and Financial Analysis... — read more
New layoff strategy for the New Year
Layoffs have been enshrined in The Chevron way and will soon be a 5th category for PMP (Align and Inspire, Growth, Deliver, build and layoff excitement). Is the new strategy small group layoffs? I've been hearing they assure you no layoffs are coming... — read more
Leadership have lost their way.
CVX needs to bring in new exec leadership from outside company to break away from the incestuous, chronies club where either your face fits or you are sidelined to enable the friends of MW, RM, MN, PB to be recognized and promoted irrespective of ... — read more
Chevron Layoffs 2024
If the market makes a turn soon, do you think there will be Chevron layoffs? Any chatter, news or rumors?
Who will pay for TCO’s delays and overruns?
EB gets a promotion to CFO, KL is still chilling, and MK gets to hang out in Houston before being put out to pasture. Meanwhile, folks who had nothing to do with it (and have leaner paychecks) are going to feel it at CIP time. Why does Chevron have... — read more
Coffee Badging
New study reports almost two thirds of office workers have confessed to coffee badging. I suspect it is much higher at Chevron. Do a walk around your floor this morning and tell us what percent occupied offices you see. I got 17% in HOU15.
It’s actually just very sad to see something that was great like Chevron sinking into obscurity
Many of the posters on the site worked for chevron for decades and believed deeply in the company. Remember how proud we felt to work for an organisation that we were 100% committed to, with leaders who we felt were inspiring and a future that was... — read more
Not better elsewhere
the problem is not chevron, the oil and gas industry is just a challenging and very uncertain place for a career. Even if a company was very well managed, it would be extremely lean - with possible strong shift to less profitable business at any... — read more
Return to office - is this REALLY what is broken?!
https://fortune.com/2023/12/26/return-to-office-mandates-no-productivity-impact-experts-predict/
Chevron - Second worst performer in Dow Jones in 2023
Ouch……NOT winning in any environment…….well, maybe just 1 place worse than winning LAST place…….. https://finance.yahoo.com/news/time-buy-dow-jones-3-111200580.html
MW performance
How’s MW doing with his “win in any environment” plan?
Leave Chevron if you're unhappy here
I'm getting tired of all the negativity from people who work for the best employer in the industry right now. If you think you can do better, just leave already. I just wonder what that "better" company would be, because I sure as he-l can't think of... — read more
Potential Job Cuts
Those words appear in this Reuters write-up. Is there more to it than just the rumors on this site? https://www.reuters.com/business/energy/wall-street-analysts-trim-chevron-views-setbacks-mount-2023-12-26/
CIP
Is it really 0.75?
Reuters: Wall Street analysts trim Chevron views as setbacks mount
https://m.investing.com/news/commodities-news/wall-street-analysts-trim-chevron-views-as-setbacks-mount-3263645 “Chevron Chief Financial Officer Pierre Breber admonished workers in an email this month, saying its oil and gas production, refinery... — read more
Will MW address morale?
Morale is about as low as its gets right now. The layoffs, changes, cuts and low CIP has taken its toll on the workforce. Will leadership have the courage to try to improve morale by improving the lives of the employees or will they ignore the drop... — read more
LTIP and CIP Factors Less than 1.0
The CIP will be less than 1.0, confirmed in recent ELT discussions (directionally 0.75 to 0.8). In addition, I’ve heard from someone who attended the GLF in November that MW rebuked the GLF attendees in his comments. He communicated that for any of... — read more
Will ghosts visit?
Will the Ghost of Christmas past, present and future visit management this year or will we all be getting a lump of coal for our CIP and a nice layoff?
Message to Management
The company is really hurting right now and it's because Employees are demoralized due to the constant layoffs or threat of layoffs. The constant changes that we keep being told are the new normal in this world are painful and distracting. If you... — read more