Topics regarding layoffs at Chevron Corp.

Topics regarding layoffs at Chevron Corp.

Presidents & VPs get a New Years Scolding from MW

The VP's and Presidents got a New Years scolding by MW for spending to much, so they are starting 2023 with fire under their feet. All after a record year. Contractors are already getting it, and soon the employees will feel the stress coming down... — read more 

Cuts coming

It looks like contractors are already being laid off due to budget cuts. More work will be pushed onto the remaining staff. All after a huge profit year. Guessing management is getting antsy to let people go since they haven't done it in a while. It... — read more 

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| 2680 views | | 8 replies (last January 19, 2023)
Post ID: @OP+1kJuxUSS

Exxon, Shell, BP pay out 13 month Salary

In record year of profits, Exxon, Shell and BP payout 13 month salary (8 to 9%) in addition to regular annual bonuses to offset the pain of inflation. But not Chevron. There is nothing that MW hates more than to give employees extra money. What... — read more 

Chevron Disfunction

Pretty sad that a layoff site is Chevron's best source of information for those people who were not laid off. Even more sad is Chevron HR monitoring and trying to influence in a positive light when they have no light to shine. Is this not the... — read more 

MW hanging out with Klaus Schwab In Davos

MW is on Klaus Schwabs guest list for Davos 2023 and was hanging out with Klaus Schwab this week at the World Economic Forum to discuss The Great Reset & The Fourth Industrial Revolution. What do you think?

Hcl

Why do we still have HCL here?

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| 2330 views | | 5 replies (last January 20, 2023)
Post ID: @OP+1kGn9Rge

Structure is 6%

Just FYI. Budgets and salary recomended salary ranges are out. I did the math with my reports data and the change in midpoint CO for multiple PSGs is 6%

HSA switch

The BenefitWallet HSA we used at Chevron has horrible little monthly fees. There are better free ones out there, like at Fidelity. Have any of you retirees moved over? How was it.

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| 1680 views | | 8 replies (last January 11, 2023)
Post ID: @OP+1kAJt3dd

Next 10 years

Even when we get to 180m EVs globally (from 12m now) oil demand won’t drop much relative to growth. Need for oil to produce other materials or transport in growing population world mitigates EV impact.

Reasons for Agile failures

In the beginning, it seemed that Agile would work out great. What do you think is the biggest reason why Agile is failing here?

CIP factor over/under???

What’s the prediction on where the CIP will come in at? We’re a month out from the big reveal and I’m thinking a 1.5 is likely.

Find any oil recently?

I took the package in 2016, so I have not really been watching the industry news carefully of late. I noted some reasonable finds by Exxon the last few years and some smaller stuff by a few of the other mid to large oil companies. I don’t remember... — read more 

This is so Chevron

https://dilbert.com/strip/2022-12-27?utm_source=dilbert.com/newsletter&utm_medium=email&utm_campaign=brand-loyalty&utm_content=strip-image I'm sure copyright laws don't let us cut n' paste just the cartoon itself.

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| 1730 views | | 3 replies (last January 4, 2023)
Post ID: @OP+1kpW7xrB

CVX docs - House Oversight Committee

The docs published online by the House Oversight Committee Dec 9 are shocking. Have a look at all the CVX info released (500 pages), everything from BOD parties at the French Laundry, to a hi-pot list, the detailed 2021 internal CIP scorecard and... — read more 

We should stick to what we do best

Chevron's core strength is producing and marketing oil and gas. Everything else has been an abject failure. It's a bit embarrassing now that Chevron's efforts in the low-carbon/renewable space have been juvenile and half-hearted efforts (to wit: gas... — read more 

Geothermal

We had nearly cornered the geothermal market years ago. Largest producer in the world and in the US. Then our genius leaders decided to sell the Geysers in California and divest the crown jewel in Indonesia. Amazing assets, just not oily enough... — read more 

what wrong with my CO

I became a PSG 25 in 2017 with CO 94%, today I am 99%. each year, I am either 2 or 2+ in old system, and always 2 EE's, 22 VC's. So in 5 years, my CO moved up by 5%. Is this normal???? thanks

Less meetings, more work done

I don't know how the meetings that are totally unnecessary affect you, but afterwards I feel totally drained. Have you ever worked in a company where you had more unproductive meetings? I haven't.

The opposite of Agile?

Elon Musk’s six rules for productivity: The complete opposite of Agile as practiced at Chevron. Did we buy a bucket of cow pies from Microsoft? Avoid large meetings Large meetings waste valuable time and energy. They discourage debate People... — read more 

Does CO% of my current salary affect my chance to get promoted?

my boss told me today that he would nominate me for promotion next year, but worried that my current CO%, which is about 99%, is too low. but the HR document says promotion should not consider CO% or the time on your current PSG? any ideas? thanks

Structure Raise Percent

Does anyone know what the structure raise percent will be for salary determination this year???

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| 3580 views | | 8 replies (last January 29, 2023)
Post ID: @OP+1k4y1Diy

Career advancement

I'm early on in my career and I would like to make significant career progress here. However, while some tell me that it will be very difficult and that frequent job changes are necessary, others say that there are effective ways to progress in... — read more 

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| 2270 views | | 9 replies (last January 28, 2023)
Post ID: @OP+1k2XKWmD

PSG 26+ getting paid handsomely in 2023

Stock options for PSG 26+ awarded in 2020 vest next year. Right now those options are 130% above target. It’s ok though. Twenty percent of PSG 23-25 are eligible now that CVX stock hit an all time high.

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| 3250 views | | 7 replies (last December 7, 2022)
Post ID: @OP+1k0rFP6G

2022 PMP

How’s it going for everyone? I ended with a mix of EE/VC. Can’t complain.

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| 2660 views | | 4 replies (last December 4, 2022)
Post ID: @OP+1k0zQy9X

Chevron Layoff Math

On average, US payroll employees cost CVX about $350,000 per year. So, every 3,000 or so layoffs saves $1 billion per year. That is a magic number in the company and for MW. Every initiative has to meet a billion dollar goal. Our entire global... — read more 

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| 2600 views | | 7 replies (last December 1, 2022)
Post ID: @OP+1jV5A8Hs

Musings on the site troll

Any interesting theories about who the (apparently) reactionary mass-downvote troll might be? Mine is that he’s a disgruntled retiree with an ax to grind about how cultural change has influenced the work force that he’s no longer a part of, but... — read more 

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| 1890 views | | 9 replies (last December 27, 2022)
Post ID: @OP+1jVFXRJy

Chevron Layoffs 2023

If the economy turns around, do you anticipate any Chevron layoffs? Any chatter, news or rumors?

Back to Venezuela!

Will there be D&C rotational opportunities? I would think a lot of workovers should be in the queue ?

Execs bailing on stock

In the past couple months management has been ditching our stock as fast as they can shovel it out the door. Recent sales - MW $27 million JJ $32 PB $20 HP $9

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