Do you work in, or visit a “Remote” location? Well pay attention because this affects you! Fit for Disposal, sorry Fit for Duty is a way to lay off people without paying them a package. It circumvents protective legislation for discrimination and... — read more
New Mortality Tables = Lump Sum Increase
Looks like the Chevron HR retirement calculator is now using the new 2018 mortality tables that have us living longer. Although the 3-month average interest rates didn't change much from a December 2017 to a January 2018 annuity start date, my lump... — read more
Mcbu - retention
How long until corporate realizes all the 26+ AD managers in mcbu are bonkers. They don't listen to their employeees and many more problems.
Any updates on SJV?
It has been around longer than a century endlessly giving and giving that black gold from mother earth's womb, and now facing that inevitable decline. We fellow chevroids should pay attention to what is happening there as many other fields will mimic... — read more
Still laid off for 2 years, thinking of going to get my master degree in Petroleum Engineering. What is the enrolment statistics for A&M, UT?
Two years ago I was laid off after 5 years with Chevron and graduated in the Horizons program. Chevron was over hiring and I was considered as surplus employee. I admit that I was an average petroleum engineer putting in my 9 hours of work every day... — read more
Watch out Chevron - Paradise Papers are coming to get you!
Nice to see the latest news on Major corporates and their dodgy tax affairs being published via the Paradise Papers
Back to Bangladesh
What’s it going to cost with a reversal of the decision to leave Bangladesh? Didn’t all the expats move on already? Another “great” decision?
DWEP/GOM??
Just had an Uber ride with a young driver who also worked at CVX downtown Houston. As an ex employee we talked a bit. She said DWEP was dissolved and there was a singular GOM group (Houston/Covington). About time, I thought. So two management... — read more
Is the oil price turning around finally?
Will 2018 see the oil price marching back into 60's and 70's and 80's and even triple digits? Will the happy times roll again in the land of the chevroids? Or is this a slow and quiet withering of a once almighty industry into the annals of the "been... — read more
CIP Award
Suppose you were offered another job at another company. You decided to take it. However, you worked at Chevron through the whole year and left at the beginning of December 2017. (So you worked the whole year from Jan-Dec) but didn't complete the... — read more
Ouch - more problems at Gorgon
See this story https://thewest.com.au/business/oil-gas/hot-air-slowing-gorgon-trains-a-500m-whack-for-chevron-ng-b88640597z
What are we looking at on Friday with Chevron's earning's report?
So, are we gonna repeat the success of the last earning report or fall flat on our faces? I say we'll do well once again, but from what I've been seeing around, I might be in the minority. In any case, good results mean fewer layoffs (or so I hope,)... — read more
CVX management mainly selling stock lately...
In the last 12 months, 90% of share volume trades by management were "sell" rather than "buy", and 1/3 of those sells were in the last 3 months. Are we at some sort of pinnacle? http://www.nasdaq.com/symbol/cvx/insider-trades
Engie considering divesting LNG business, could CVX do the same?
https://www.reuters.com/article/us-engie-m-a-total/engie-in-talks-with-total-as-it-reviews-part-of-its-lng-business-idUSKBN1CS0KM
Would a CEO from outside Chevron be better?
Would Chevron benefit from a CEO from the outside and a more objective measurement of results and less good ol' boy understandings to honor?
Is Chevron selling SJV fields to Aera???
Just a thought after hearing of the massive cuts in the valley...
A Thriving Oil Giant
I wander what kind of comments are we going to get on this one... How an oil and gas giant outmaneuvered low oil prices https://www.mckinsey.com/industries/oil-and-gas/our-insights/how-an-oil-and-gas-giant-outmaneuvered-low-oil-prices Italian oil and... — read more
San Joaquin Valley Business Unit layoffs incoming
In case somebody missed it, a bunch of folks will be laid off from San Joaquin Valley Business Unit. http://bakersfieldnow.com/news/local/chevron-plans-layoffs-in-san-joaquin-valley-business-unit
Who is doing the work?
This company represents everything that is despicable in America. It is about greed, short term vision, no long term personal or business relationships or family values or leaders. Management at this company is not only incompetent but creating a new... — read more
What's Ahead
Signed California Assembly Bill AB 739: It is required that at least 15 percent of specified heavy-duty vehicles newly purchased by state agencies to be zero-emission beginning in 2025, and at least 30 percent of those vehicles to be ZEV beginning in... — read more
Chevron Layoffs 2018
Last year all was fairly good, now all of the sudden things move, people are complaining and there are rumors about layoffs in San Ramon.
Lay off candidates
How does Chevron pick who needs to be in the hit list? Are there any thumb rules?
Wirth to dismantle Kirkland's wasteful legacy
He has no vested interest in all the non-value-adding bureaucracy and processes that George Kirkland created. Watch for quick action to reduce/eliminate PRC, Upstream Capability and ETC.
SJV 2020
Any update on what will be new org and size of BU?
So, what's going on with the Oil and Gas Industry?
What’s going on with the industry? Only time will reveal what caused the industry slump (and subsequent recovery). Shale Drilling + Renewables + Environmental Laws + Fuel Efficient Vehicles / Electric + Complicated Geopolitics did not factor into the... — read more
Non compete agreements
Do new engineers require to sign non compete agreements in Chevron? I do not remember now If I have signed or not. Thank you .
The Permian Basin
Chevron announced today that it will spend $4 billion next year in the Permian Basin in an effort to increase daily production to 400k barrels/day over the next several years. If Chevron is going to hire any additional exploration professionals... — read more
Divestitures
More divestment news from today. Chevron has divested its whole operating interests in 2 oil producing assets in the Neuquen Basin located in Argentina. The deal is in line with Chevron's plan to divest $10 billion in assets during 2016-2017. All of... — read more
Why wouldn't Chevron rehire laid off Chevron employees?
My manager's manager assured me that when business picked back up that I would be called back. Maybe they lied. Does everyone really believe that laid off employees were poor performers? And why would someone from another company want to leave to... — read more
Vanguard to Fidelity
In case you didn't know it looks like Chevron is changing all of it's ESIP services from Vanguard to Fidelity. Vanguard has rock bottom costs so it will be interesting to see what Fidelity provides, but do this today: record the expense ratios of the... — read more
Permian Basin Divestment
Chevron recently announced the divestment of 64,500 net acres in the Central Basin Platform of the Permian Basin. This deal will offload 5% of Chevron Permian properties. This is in sync with plans to monetize 200,000 non-core acres in the Permian... — read more
Status of Fmr CVX Employees
Just curious on how quickly former CVX EE's have found new jobs/careers since layoffs. I know a few who got laid off in June 2016 that are still having trouble finding work.
When does JW confirm he is leaving, and new CEO (is it MW?) start?
When does JW confirm he is actually leaving? As far as I can tell there has just been a rumour he has been leaving. Is MW confirmed as his successor?
Way to go Chevron! Price gouging evacuees!
https://www.reuters.com/article/us-storm-irma-chevron/florida-cites-complaints-over-chevron-gas-prices-as-shortages-mount-idUSKCN1BI240
How do you have jobs posted?
How does Chevron have jobs posted and you are still laying off? Take the people that you are laying off and place them into a training program and teach them a new skill. I know that not everyone that has been let go is not worthless. I can name... — read more
TCO / Rotational Question
Do you have to pass a hair test to rotate out of tengiz if you are already a CVX employee?? What about other international rotations.
Wish JW would have been released sooner
his personal bonus was weighted on share holder return so maintaining dividend was paramount. Short term rewards were was more important than realizing o&g is a long term business. Layofff good people and fire sale valued assets. Add to the fact we... — read more
Lay offs
Are layoffs still going on in CBA or it's all finished and everything is stable.
Bitter Workforce
http://www.ToledoBlade.com/Energy/2017/08/29/Energy-industry-s-layoffs-lead-to-bitterness-in-work-force.html ================================== Zach Scott was a year old and his brother was still in the womb when their dad got laid off from... — read more
Chevron survival politics and layoff psychology
There is a lot of survival politics at play all around in Chevron now -- a significant symptom of the underlying fear. examples: bosses trying to portray themselves smarter than their subordinates or trying to downplay the achievements of... — read more