Nice to see that the Australian Tax Office is targeting transfer pricing practices this way. Good result for Australia, bad result for multinationals globally doing these practices. This was the result of interest on a small loan of $2b, now to... — read more
1H 2017 PDC Results
So just found out, I went 0-4 in this past PDC. Still have my job as it was posted contingent but really, really frustrated and stuck now. Career development at this company has come almost to a complete stop unless you are one of the "special... — read more
Chevron M&A
With recent asset sales/ potential sales- could Chevron be readying itself to be an acquisition target? Is any major big enough to buy Chevron? Wild I know.
Your chance to get your voice hear in Annual Meeting
Did you receive the Proxy voting for the Annual Meeting? This is the chance to get your voice heard. We the laid off hold millions and millions of stock and has the power to make changes. Below are the two that you can vote and make your vote count:... — read more
Can't post on this site anymore? Install a VPN Client.
This Chevron Corp Layoff site has imposed more oversight to repeat posters and the content of most of the replies. If you are being locked out from posting, install and use a VPN Client app to bypass your IP address being blocked or to free yourself... — read more
Sjvbu 2020
What are the current proposed alternatives? Anything you know.
Chevron warns of medium-term LNG supply gap
http://oilpro.com/post/30895/chevron-warns-medium-term-lng-supply-gap?utm_source=DailyNewsletter&utm_medium=email&utm_campaign=newsletter&utm_term=2017-04-14&utm_content=Article_9_txt "Countering the prevalent LNG market theme of a supply glut... — read more
Has anybody been "re-accommodated" yet by the 1H2017 PDC process?
I know some PDC functional groups had their meetings and selections but not all, and curious to know what has been going on with these functional PDCs.
Positive trend for Oil Rigs
On NOV's page: https://www.thelayoff.com/t/MNeXrSZ or @MNeXrSZ
U.S. electrical power generation from traditional sources has peaked and declining
Not a good sign for any fossil fuel-based energy company. If you are a young person starting out in the oil and gas industry, it would be good to start looking at something else for a long term career... — read more
There is no evidence that management cares about this
Most oil companies know how screwed up Chevron's personnel processes are. Job posting by many was viewed as a magic elixir to give control to employees over their careers. In the good times, job posting and PDC was positive. In bad times, it destroys... — read more
Ah the Dividend
Borrowing billions of $$s to pay a dividend!? Cutting budgets, projects and heads to pay a dividend!? So why all the need to keep investors happy? To my knowledge, CVX does not issue new shares of stock to fund ongoing operations. I guess the real... — read more
Chevron putting Canadian Oil Sands up for sale for $2.5B
That will cover the dividend for 1 qtr.
Dem warns Russia may gain control of US oil company
Possible loan default by PdVSA may result in majority control of CITGO US refineries and pipelines by Rosneft, a Russian company with strong ties to Putin. What would you think about Chevron being owned by the Russians???
HR discrimination (rumor)
I just overheard two HR managers at lunch that there is a major discrimination lawsuit by former business partner. What do we know?
PDC=ROM The new norm
Well it looks like this one is going under the radar but few colleagues of mine were left standing after this PDC and have 6 weeks before they have to go. Why in the hell would one now want to go through the PDC process if a job is not guaranteed?... — read more
What do we know?
What do we know about a what do we know know if a what do we know could know what do we know?
Gorgon article
This is an interesting article about the first Gorgon shut down, did Chevron learn and are they doing anything differently? https://thewest.com.au/business/energy/the-day-disaster-struck-gorgon-ng-b88423525z
Oil jobs surge
Oil and gas jobs posted a second consecutive month of gains for the first time since the oil price crash began nearly three years ago, according to Bloomberg. Whooo hooo!
US Cruise Missiles Strike Syria
Ok folks, this might be the beginning of geopolitical oil instability for the price of crude oil. Maybe, maybe not. Depending on what comes of this over the next several days or weeks, the employment picture in the oil patch is in play with this. Not... — read more
Low Oil Rrices are Bad News for Balancing Government Budgets
Kuwait’s in the best position of major oil exporting nations in the Middle East, Africa and parts of Europe to have a balanced government budget this year with oil forecast to average $52.50 a barrel, according to Fitch Ratings Ltd. Nigeria is worst... — read more
Chevron Permian News
This is from Reuters. JW interview from Houston. Our brave CEO has a desire to put Permian assets in the ranks of Chevron's biggest ventures. This is in stark change from just 5 years ago when Chevron executives rarely mentioned the shale basin. With... — read more
What is Chevron Leadership's plan to survive low oil prices for the next 2-5 years?
If it's to cut employees, sell assets and hope for a quick turnaround on oil prices while stringing the investors along with an artificially high dividend, then the end is near. The company is cash poor and the assets are in a buyers market. On the... — read more
HR disfunction
Why are the people in HR so upset?
Must moves
What are your thoughts on must moves? Will PDC folks really try their best to place them, or is this a convenient excuse for lay offs?
Replacing people that quit
If all or a lot of the high performers quit chevron, do they promote the next best people or do they hire externally? I hear JW say we are a "promote from within company"....Isn't mcbu Vp external ?
How doesn't the pmp process work
Is there actually documentation about why you got the rating you did? Like is 30% of it performance and 50% interactions.....etc?
CVX 401K
Can anyone elaborate on CVX 401K, vesting in particular. TIA.
Gorgon Trouble
Train 2 production at Gorgon LNG in Australia is shut down again. We Lead, The Chevron Way, OE, Human Energy, blah, blah, blah, whatever.
Flexible Spending Account scam
Years ago I knew a guy who knew he would be leaving the company. He had like $100 in his FSA. He had his vision laser corrected to the tune of about $10,000, paid via FSA, then left. He never had to repay it. Is this legit?
Pay grades - what do we know?
Everyone knows that middle management is PSG 26-30. What happens next? Managing director is 41-45? OpCp head 46-49? SVP 50? Deputy Chairman PSG 75? CEO 100?
GOM Asset Sale
Anyone has the latest on GOM shelf asset sale? Who are the buyers?
Bridges program is unfair.
It is unfair for Chevron to use the Bridges Program to bring in retired employees to work on projects at the same time that employees that still have jobs are being laid off.
John Watson to AMBU
The CEOand his his entourage will be in AMBU later this week. Is there anything they should be aware of?
Chevron LNG News
March 20, 2017 - Chevron calls end to LNG Megaproject (Gorgon, Wheatstone) after $88 billion spree. Gorgon will not have 4th train and Wheatstone will not have 3rd train. Chevron's Australian LNG facilities have suffered from cost blowouts, delays... — read more
Total Number of Rigs Up
Total Number of Rigs is Up - not a game changer, but a big improvment http://www.calculatedriskblog.com/2017/03/oil-another-big-rig-add.html?utm_source=dlvr.it&utm_medium=twitter