48 companies folded so far, $17 Billion Dollars in Loses - here is the list:
AMBU Land to cut by 25%
At least Bill Kerns will finally be gone. Hopefully the mouth-breather Lohr will go with him. As for the master leg humper/Marco Rubio wannabe, that's up in the air. Surface Land is also likely to lose one person as a result of the JV Core area being... — read more
A bit over a year ago, Saudi Arabia declared war on the U.S. oil industry.
This week brought new signs that the Saudis might at last be winning. Some quick background: Saudi Arabia has long played the role of the “swing producer” in the oil market, meaning that they tried to stabilize prices by pumping more oil when prices... — read more
TIMING OF BENEFITS (SEVERANCE ETC) AFTER LAST DATE ON PAYROLL
Can you share feedback on how long it took for Chevron after the last day on the payroll to mail the severance forms for the employee to sign and return in order for the severance payment to be processed. Assume it comes as a package along with the... — read more
Melody in Asia Pacific is GONE
Well I guess heads start rolling. Melody is gone. I guess Gorgon and Wheatstone finally got to her. How about Watson next
Lame expat question, maybe...
What exactly is the Chevron definition of Expat? I am confused, is it merely a person working outside of their country of citizenship? Or is it a person working outside of their country of citizenship and reaping the fringe benefits that it brings... — read more
new plan guarantees dividend payment is safe through 2k16
by excluding capital letters from all official chevron cummunications CVX will be able to preserve an additional $8billion a year in cash
Hello....its me...ESP
Hello, it's me... I was wondering if after all these years you'd like to see me go To go over everything They say that I had a job for life But I ain't got no money and no wife Just a lonely rent boy in Oildale Hello, can you hear me I'm in... — read more
SjVBU
I know how many musical chairs are left for KR. How many are expected to be left standing in the other assets? We got hit hard on the horizontal team.
60 day notice and additional weeks on payroll
I have heard about this here. But there is no official mention of it anywhere. Does anyone have the insight into it? Is this individual or BU specific? When do you come to know?
Mardi Gras was great!
Went down to the keys on the free Halleyburton charter. Im going to miss the graft at GOMBU!
Chevron stock may be in peril
The effort at cutting costs is at best feeble. The cuts have to be far deeper than this under such dire circumstances than just one person here and there. Too little too late! Chevron will continue to bleed badly unless they follow it up with a fall... — read more
In scope Employees Vent Here
Well, turns out I am in scope. To my surprise, I am actually angry about it. I suspected I would be in scope, but I guess now that it is here and real I feel a bit slighted. Part of me was holding out hope that I wouldn't be selected, but reality has... — read more
DWEP - the cat is out of the bag ... ESP
During this afternoon Thurston announced that all 950+ DWEP employees will be notified at 4 PM whether they are in scope or out of scope and sure enough by 4 PM that e-mail arrived. 50% of positions are open 28% of employees (blue badge) will be... — read more
Are folks here for real?
Some of the vitriolic posts here are something to behold. Dead wood? Inbred friends and family who remain? Seriously some of you folks need to start behaving like decent human beings. The shoe may be on the other foot next week, month, quarter, year... — read more
A Help Request
Hello All, I need help… I am a retired BP IT employee and I’d like to start an O&G Layoffs group on Facebook – with quite a bit of spare time on my hands I can help folks organize and exchange information. I think I can kickstart this by inserting... — read more
Crashing prices
I just want my big fat bonus check before oil prices decimate the company.
Time to rat those who spend their days using their direct reports, contractors, and SMEs to help with their graduate degree homework during b...
Time to rat those who spend their days using their direct reports, contractors, and SMEs to help with their graduate degree homework during business hours... And survive Rom after Rom because everybody is afraid to rock the boat by calling them out.
Chevron's Game: How to inflate stock price so execs can reap enourmous bonsues
The big American Robbery: Six companies that lost the most buying back their own shares. The companies with the biggest paper losses: IBM: - $9.8 billion Qualcomm: -$7.4 billion American Express: -$4.1 billion Exxon Mobil: -$3.9 billion Hess: -$2.9... — read more
Husky Energy Eliminates 400 jobs
Here is another one: @FSuK2Ic
Severance Package
What is the percentage of taxes being taken out of severance packages that have been received? Ball park figure please. SP is base salary, not including CIP correct?
What is Chevron doing to protect its offshore platforms from the Kraken?
Given that someone released the Kraken I'm curious how we would protect our platforms from the grasping tentacles of a pissed-off beast?
Nepotism at Chevron – is this illegal?
Take for instance the Control Center. Seems just about everyone there is related - someone's son, son-n-law, mother, father, uncle, aunt, cousin - and the list goes on. How can someone keep a job that has no years of experience, being right out of... — read more
Anyone know where CVX class action lawsuit information is? Seeking Information (legit, real,) on lawsuits being filed or in progress
I'd like to read up on the latest of our ''AGREEMENT" , enforcement of, and claims sought, etc. in regards to the legitimacy of signed agreements. I'm not looking to join.. just to read what is really going on w/CVX and the reductions.. PS. Yes.. I... — read more
Oil at 27
This could be a serious downleg that could shakeout several weak players in the industry
Chevron Way
I still hear that men in ITC can make fat jokes(Bill) and cheat on their wifes (John) and still be in 26+ manager jobs. I have lost respect for Watson not stepping in and cleaning up this mess. These are people I want to follow, NOT. I am ready for... — read more
Houston to get hit with round II
Well, it is coming again. I was hoping Springs but it going to be fall. No numbers have been mentioned. But all agree it will be more than first round. :-( "Project Alpha was not based on the current economic reality. Further efficiency measures will... — read more
Seasoned folks, what makes this downturn different from others? Why should we stick around and ride this out?
Early and mid career employees keep getting told by more seasoned folks that downturns are cyclical and common and Chevron has been here before and will be here again. The general mantra seems to be that if you can stick it out and survive the ROMs... — read more
2015 Bonus Awards - HR REply
CIP is not a part of the Severance Package. IPF rating can be generally expected to be defaulted to a “1” for those receiving severance pay. Per ROM FAQ: Per the CIP award guidelines, employees who have been involuntarily terminated due to reasons... — read more
Oil lower and longer -- Whats next for Chevron
So what will it be after the spring ROM? Will there be more layoffs? Will there be cuts in benefits?
Question about posting out with Chevron
My husband works in Africa. It's his time to post out. What are his chances of staying on with chevron given all the layoffs