At least somebody thinks that Chevron is going towards better times. Frankly, until oil prices go up significantly, I don't see a light at the end of the tunnel, but then again, I am not an analyst... — read more
Pittsburgh BU
Are they growing? Is it a good option to post to for a career move?
JW future?
Heard a totally unsubstantiated rumor that JW is on his way out. Anyone hear something more substantial?
Layoff Time Again
Most Oil & Gas boards on this site were fairly dormant over last six months. I've been monitoring HAL, BH, GE O&G, Conoco, etc... Over last two to three weeks all of them seem to be picking up pace, people are posting again. Are we going to see yet... — read more
The Plan
DWEP+ GOMBU reorg to form "new" merged GOMBU. 2017 reorg done by August. No EOI. Reorg includes ROM. DWEP+GOM ROM includes 12% closed positions. 2200 total DWEP+GOM according to VP MH in previous townhall. The FAQs say O&M and HR are not part of this... — read more
Project Phoenix
Chevron re-tooling its org to support a massive capital investment in new facilities, wells and infrastructure on the GOM Shelf. Competitive in cost with shale. First production as early as 2019.
DWEP/GOM 12% reduction
DWEP/GOM 12% reduction this August
New ETC layoffs to coincide with DWEP downsizing
They plan to whittle down what's left of etc...
DWEP Townhall
Anyone know what the message will be?
Selling off Chevron
Selling off CVX in entirety, either in parts or in whole, would seem to be beneficial to CVX shareholders. CVX seems to be more focused on operating assets in order to provide Executive compensation and employee pay checks. That has to change. Too... — read more
We need higher oil prices
Nice analysis of Chevron's current standings. It does emphasize what we already know - if oil keeps dipping, or even staying where it is right now, we will be in trouble despite the recent upturn... — read more
Chevron among best companies to work for in 2017
Anybody else finds it laughable that Chevron just made the list of best places to work in 2017? Not only did it make the list, but it ranked at fifteenth place out of fifty... — read more
CVX 101 students: Here is an assignment for you
Look up CVX on Yahoo Finance. Display the chart for the lat 6 months. Plot a trend line. Think now where CVX could be in another 6 months. That's right... further down the abyss. Best case scenario would be just a flat line. Put your money in... — read more
More Threads Deleted
The layoff moderators are at it again. They must have received another complaint from Chevron.
Midcon in big trouble with current VP
Second fatality in D&C in MCBU in less than 3 months. He is wearing people out trying to make a name for himself. He is way to much in the weeds on everything plus he is trying hard to alienate the Houston and midland teams from each other. He must... — read more
Always have a plan B
I didn't, but Im okay now.
laidoff Engineer over 50 years old are dinosaur
I read another postings and I had the similar experience. I am 55 years old and worked 30 years in the oil industry. I was laid off 18 months ago from DWEP as a reservoir engineer and did not have any luck in securing a job. The job advertisements... — read more
Stay away from Chevron
College engineering graduates. Stay away from this company. You have no long term future. Engineers are at the bottom of the feed chain and you will be the first to be layed off. There are many many other companies out there that will appreciate your... — read more
How long after using DocuSign did you get your hard copy severance check?
For anyone who was recently laid off: I signed all of my paperwork via DocuSign on June 3ish. It mentions a 7 day hold and then it will be paid in the following pay cycle. I still have not gotten it. How long did it take for everyone else?
Main Pass Sold-Venice will be Gone, GOM Ops GOM D&C
Moving along, most of the shelf have been sold. Look for outlying operations to shut down, including empire terminal.
Explain Pre-65 Retiree Medical To Me
I'm struggling to follow all the details on retiree medical. Those of you who have retired, give me a clue. Let's say, hypothetically, I am 50 years old. My point situation today gives me 72 points which Chevron somehow works out to a 62% company... — read more
COV100 to close Q1'18
You heard it here first.
Perhaps A Merger Should Be Considered
CVX market cap is approximately $199 B. COP market cap is approximately $55 B. A non-cash merger between CVX & COP would be valued at approximately $254 B w/ current pre-merger CVX shareholders owning approximately 78 percent of the merged entity... — read more
Chevron looks for ALL the wrong things in management
Chevron could learn something from google. Our entire upstream is full of NOTHING but engineers. http://on.inc.com/2ryRWZv
Who is purchasing the Pennsylvania Operations ?
Just heard that the Pennsylvania assets are going to be sold. Does anyone know who is buying them? I
Why no renewables?
Why doesn't Chevron see a future in renewables? In 2014 they sold Chevron Energy Solutions to OpTerra, and they also recently divested the geothermal operations. Other large players are getting into offshore wind, why not Chevron? What comes after... — read more
Expats
Do expats still get all those extravagant tax free alloances in this tough business environment for oil? It makes a lot of sense to cut back on those.
Why we stay here?
Everyone currently working for Chevron wants to continue working here. Why? Answer: Why not. The pay and benefits are great, practically exceptional. The job is not overly difficult. The majority of workers don't have to work weekends and holidays... — read more
Chevron bankruptcy
When will CVX go bankrupt with these low oil prices and no signs of oil prices increasing? In 1 to 2 years?
Wheatstone - startup
Curious on Wheatstone updates, how is startup going?
Pension At Risk?
GE is in real trouble to fund pension obligations after prioritizing stock performance first (and using cash for buybacks instead of the pension). Tens of thousands of GE workers could join millions from other companies and potentially lose their... — read more
Gorgon expansion work started?
I heard that some Gorgon expansion work might have started, because they still need to backfill the foundation trains, is that true? I thought Chevron told Wall Street that major capital spending was done, or is this work not significant capital... — read more
"Quality" Career Development Plan???
I'm a petrotech who knows my job has been hanging by a string for the last two years and the future is very, very uncertain. Still, as required, I update my Career Development Plan every year stating I want to grow my skills and do marvelous jobs... — read more
You're not as clever as you think you are
To all you US SME's my personal experience of respectfully trying to engage you in our decision making process is so very very fraught, It is so difficult to genuinely connect when we come from very different business environments- often you seem to... — read more
HES Tantrum
I see the HES Skype tantrum party thread got removed, thanks mods. If folks on this board choose to call others out by name they should also include their name.
Why do we still have a eor unit?
They don't have anything to work on. Just bleeding the company of money. Still dozens of people in it? Why?
Fall PDC
Will there be expat opportunities for younger employees desiring career development through international experience?