End of story. Forget everything else including your ability to continue to work here.

What does it mean? - additional jobs cut?

If so, when? before or after pulling the trigger?

Royal Dutch Shell announced today that it would cut its dividend for the first time since WWII. Shell cuts dividend for first time since World War Two Net profit at Royal Dutch Shell almost halved in the first three months of 2020. Prompting... — read more 

~150 got jobs through PDC or off cycle jobs ~50 EOI ~ 100 Transition team ~ 100 left standing and will be let go end of May Not too bad under COVID 19 circumstance!

Expats do not create value to justify associated benefits

What was the point? It was a total waste of time, give us some real info do not repeat what everyone knows, " we have to make tough choices!" Wow even Einstine could not come up with that! Ironic that decision making is the forefront logo along... — read more 

Have you heard which BU’s are in scope for selection?

What a dilemma, sitting on a life changing decision, literally. Knowing that buying the pinata and cake for your boss's birthday will not help you anymore, there is still time to make your Chevron logo face mask and post a picture of it in WPL... — read more 

Get ready for a shock and awe moment when those numbers are announced. Q1 earnings have been really bad, an understatement, for every oil biz company that has already reported.

How long until the genius consultants realize that the September/ October layoffs are perfectly aligned with peak hurricane season. They might want to push that up if they want to be certain they can get the Gulf Coast people off the books before the... — read more 

I opted this morning.

HES Center has gone through some significant reductions in headcount each year over the last 5 years. The pain and suffering we all have gone through not knowing if we would have a job or not has taken its toll but it has put us in a position to all... — read more 

I know it is coming but still in the dark. Upset and depressed when waiting for good or bad. Any ideas when it will happen ?

Chevron calculated last year that it needed an average price (from all sources) of $51/barrel to break even. The current dividend is around $4.76 per share per year. The current WTI price is below $15 and will likely stay below $20 for 2 or more... — read more 

Any inside news?

Don’t worry. Leading Performance will be the way Chevron comes out on top.

I worked in Malongo from 2010 to 2015 and have pretty much lost touch with everyone there now that I'm retired. Anyone know how they are handling this whole Covid-19 thing? Are they still doing crew changes? Is the Houston Express still flying?

Well, the gauntlet has been dropped. The options that sit before us are as follows: Take the EOI now and get a guaranteed payout (2 weeks for every year, min 8 weeks max 52 weeks), paid education for reskilling, headhunting services, and a... — read more 

I was fortunate: long career w/ CVX; very few bad bosses (but my friends enjoy the stories of those bad bosses more): Tasked w/ establishing whether there was valued IP in a business unit. The short answer (to me) was an obvious "YES". Bad... — read more 

June delivery for WTI is now 9.24. Read today that there are 80 fully loaded oil tankers parked at various locations around the world just waiting to to unload. Texas RR commissioner is seriously considering lowering production.

Say YES

Any idea?

With the negative oil prices, I fear that one day soon, payday will become payment(due)day, the paycheck will become a bill, and direct deposit will become auto-payment/debit. Between COVID, the oil prices crashing to below zero, food shortage... — read more 

Price of Futures for June delivery of West Texas intermediate are now zero

WTI June delivery is $22.62/barrel. Contract technicalities are causing this unusual price collapse to minus $36/barrel. We will all see how the price settles out later this week. The summer driving season is shot and storage capacity will soon be... — read more 

WTI is now well below $2.00/barrel, at $1.28. This is beyond comprehension how it could go down over 90% in one day. Those layoff numbers might just get revised upwards. More borrowing to pay the ever increasing dividend on ever shrinking profits.

WTI is now at $8.03/barrel, down 56%. Well at least you will have 80 cents/gallon gas after you get laid off.

The new HR model. Sadly, this new normal is here to stay for a while.

Down to $14.09/barrel as I write this.

Let us guess. My guess is below 200.

So let’s say I get kicked off the island this fall (which is quite possible), how long should I expect it to take for me to get my severance and lump sum pension in hand. Can anyone from previous layoffs comment on the termination process and timing? — read more 

Let's speculate?

April 21announcement Apr 21-May 8 EOI submittal period May 11-22 EOI reviewed May 26-28 notification of decision May 29-Jul 10 redeployment Jul 10 Last day on payroll If you don't choose to participate you will have another opportunity during... — read more 

i've been at cvx for over ten years through three business units and it's all the same. cvx is a company of managers managing managers. promotions are handed out to those who talk the talk, make fancy presentations, and are motivated only with... — read more 

Accelerated EOIs coming next week. You can either take it now or wait on the original schedule.

22 3.08 3.73

Heard on the radio this afternoon that the Trump administration is considering paying oil companies to not pump oil. There are many poor/incompetent managed weak companies that need to be culled from the industry herd. The oil biz has always been... — read more