Topics regarding layoffs at Chevron Corp.

Topics regarding layoffs at Chevron Corp.

20% cut to corporate affairs

20% cut to corporate affairs announced this week. round one of "selection event" starts monday. new org being stood up march 6. no word yet on severance packages.

Voluntary Sev Packages

Hearing some older workers in MCBU are being informally polled on whether they would take an early retirement package. Anyone else hearing this.

ITC Leadership

ITC leadership particularly in middle management (psg 25-26s) are a collection of folks that probably could not get a job anywhere. They are not employable - perhaps not even qualified to be a greeter at Walmart. I hope this next purge of folks... — read more 

CIP

Any rumours on the CIP factor this year?

PZ?

https://www.reuters.com/article/us-kuwait-saudi-oil-chevron-idUSKBN1YS0VO Does this mean some job opportunities in near future?

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| 2340 views | | 2 replies (last December 25, 2019)
Post ID: @OP+12F9EvG0

N----rians Striking

N—rian workers on strike against a Chevron facility. Yawn, what else is new? Oil production is effected, but not enough to cause any significant earnings damage. Who knows how long this will last? Wake me up when it is over.

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| 1960 views | | 6 replies (last December 29, 2019)
Post ID: @OP+12AzC4fA

Coming back from retirement?

Has anybody tried to come back into Chevron after a few years of retirement, especially after volunteering to retire during the layoffs of 2015-2017? What are the challenges of adapting to working life, working with former coworkers and new younger... — read more 

Ariba & SAP

Are the two programs going to be eliminated as part of Vision 2020?

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| 1870 views | | 4 replies (last December 29, 2019)
Post ID: @OP+12zUeK9i

AMBU VP Mega Bonus

The chief of ineptitude just got a fat $3 million package to stay the course and finish her goal of boot-throating AMBU. Glad I bailed to Midcon when I did.

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| 4260 views | | 12 replies (last December 30, 2019)
Post ID: @OP+12zD7qTN

Ethical question

I eat most days with a group of buddies and we eat most of the time at the 1400 or 1500 cafeterias. One guy likes to make us all laugh by occasionally getting a slice of pizza or soda without paying for it. He is a lower PSG than the rest of us and... — read more 

VSP?

Anyone hearing anything about a possible VSP? Heard it was a possibility.

Anchor Project

Chevron authorizes $5.7 billion to proceed with Anchor Project development in deep water GOM. Located 140 miles SW offshore Louisiana in Green Canyon. Lots of layoffs needed to help with that cost. Expected to be online in 2024.

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| 3510 views | | 11 replies (last December 20, 2019)
Post ID: @OP+12tqCXB5

Reading the Tea Leaves: Upstream ROM

Looking at the recent announcements: Transformation (4 OPCOs to 3) AMBU and Kittimat 4 sale Seems like there is a little more smoke for the postponement of a spring PDC for an Upstream Global Selection event.

AMBU is officially up for sale

“I am writing today to inform you that Chevron has decided to initiate the process of marketing for sale AMBU’s assets in Pennsylvania, West Virginia, and Ohio. “The marketing process is expected to take several months and may or may not result in... — read more 

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| 11280 views | | 32 replies (last December 29, 2019)
Post ID: @OP+12rRYLQD

Chevron to Announce Write Down

Chevron will announce a $10-11 billion dollar impairment against 4th quarter earnings. The impairment will be write downs of the value of its Appalachian and Permian assets. Watch the news tonight.

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| 5520 views | | 16 replies (last December 14, 2019)
Post ID: @OP+12r22Kx5

The dreaded CVX Holiday Party

Does this sound familiar ? In a poll of 1000 workers, employee benefits consultancy Perkbox found that just over a quarter (27%) of respondents aren’t keen on the idea of work Christmas parties, because they don’t believe employees should be... — read more 

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| 3970 views | | 8 replies (last December 13, 2019)
Post ID: @OP+12q5ckLZ

Transforming to pay for TCO/FGP

Has anyone else noticed downstream is not transforming, despite being the perennial weak link? Apparently when the CEO learned of the $15 billion TCO cost blowout, he had a blow out. He told Jay and Joe they would wring the equivalent out of their... — read more 

Is everyone jaded by the new normal?

It seems like the discussions are less lively than in past events. Is it that everyone is jaded or did they fire everyone that used to looks at this site?

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| 3160 views | | 7 replies (last December 6, 2019)
Post ID: @OP+12mgNxeN

Going Digital with Analog Technology Leadership

To be blunt. Our technology leadership is antiquated. risk averse and lacks technical fluency. They are a bunch of talking heads returning from industry conferences. Nothing more. Winning in any environment sounds good and all but it's not... — read more 

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| 3990 views | | 8 replies (last December 20, 2019)
Post ID: @OP+12mRzI9P

Is there a limit to the cost cutting?

Cost cutting and layoffs related to cost cutting have been on the table for a long time at this company. Is there a realistic limit to which the company can afford to go with cutting cost, and which it can’t afford to cross. Are we close to that... — read more 

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| 3390 views | | 7 replies (last December 16, 2019)
Post ID: @OP+12lIx8Kx

WARN Notice

I’ve looked at LA, CA, and TX WARN notices published through the end of November and do not see any WARN Notices...yet. These notices are required for “mass” layoffs 90 days prior to lay-off. If you have questions, please use Google.

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| 4110 views | | 6 replies (last December 18, 2019)
Post ID: @OP+12l2n5cO

Transforming To Win. Another BCG Bloodbath

Wow. Way to continue to k–l morale at the company. Another slaughter brought to you by the Boston Consulting Group. I wish they hadn’t moved away from using the Greek alphabet to name these projects. That way we could at least keep track of how many... — read more 

transforming to win

Nice professionally produced video announcement that could have been handled in an note that tells us we need to cut expenses. Email could have said “Heads gonna roll....more details to come”.

Occidental Takeover?

At what price does Chevron purchase Occidental? Occidental market value has now fallen below the Anadarko purchase price, excluding debt. Occidental and Anadarko's combined assets must be worth at least as much as Anadarko's assets alone, including... — read more 

US Crude Oil Refinery Numbers

So I read this news story about how US refineries have reduced the amount of crude oil for the first time since 2009. This is the result of lower demand for refined products, such as fuel. Total average daily crude refined production is down from... — read more 

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| 1674 views | | 1 reply (December 4, 2019)
Post ID: @OP+12cDZqvF

Cost-cutting isn't a strategy......

but when that is all you know how to do, thats what you do. The Reuters thing is the tip of the iceberg. Follow the money. And the arrogance.

SCM in project Montana

How is SCM function affected by Project Montana? Especially the global SCM? It’s not part of the PRC.

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| 2720 views | | 3 replies (last November 22, 2019)
Post ID: @OP+129YLa09

PRC President retiring.

Coincidence... I think not. Seeing as the rumors are working out to be true, PRC was mentioned as one of the BU’s to get the axe. Wonder who else is going to be retiring.

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| 4642 views | | 7 replies (last December 29, 2019)
Post ID: @OP+127ZDDrs

Severance package

If company is going to use PDC process to get rid of people, can the left standings get severance packages? It’s essentially the same as layoffs.

A lot of shade thrown at UC here...

I'm one of the id–ts from the center that the BUs hate. We actually aren't that dumb. We know that the BUs don't care about what we do. I know that we exist because it's (a little) important to have some governance and standards in how we do... — read more 

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