Let's just say that I had the pleasure of being asked by someone if they should pack a certain PSG 24+ individual's "Fleshlight" and pictorial reading materials in the box that was mailed home. Pack it I said, the fact that the wife will open it up... — read more 

Chevron Corp. is readying a second wave of layoffs and slashing its capital spending by more than $9 billion this year, the oil company said Friday as it reported a surprise fourth-quarter loss of more than half a billion dollars. Chevron late last... — read more 

This is nothing new. And it matters little what value you were to the company when oil suddenly got cheap. What matters is the bottom line, always the bottom line. And bonuses for the executive staff who manage to increase the bottom line by saving... — read more 

Everyone should start slowly taking personal affects home. Don't keep anything of value at your workstation. Backup any files you think are important to a thumb drive. Delete all useless and personal files from the C and P drives. Make a broad... — read more 

On Wednesday Feb 3, the corporation will announce the corporate rating for the CIP Bonus for 2015 performance. A rumor circulating on Monday morning in San Ramon has it the Corporate CIP Rating will be fairly generous. The factor will be along the... — read more 

Here is the main board discussion: &anadarko-petroleum

About 25-35% of employee positions cut. Kitimat and D&C hit hard. Most expats heading back to home countries in April ESP. Contractor cuts will be "significant". Org size likely to go below 500 including employees and contractors. Was about 1000 this... — read more 

Are they all safe from layoffs or is it just the foreign expats who are safe?

The less layerd, and simple is better Org Chart that Watson is now calling it, has 2,400 positions. 960 are placed, the rest (1440) will be open to the remaining 6,540 employees. This may go down in number as BCG as of today, is running efficiency... — read more 

Having retired from CPChem, some years ago, I can assure all,... they have more than their fair share of slugs and under-performers. Yet, I have seen absolutely no mention or acknowledgement of JV staff being effected, in any way, by ANY downsizing... — read more 

The $588 million loss in 4Q15, worst quarterly performance since 2002, isnt the whole story. Our capex for all of 2015, $34 billion, hugely exceeded our cash flow from operations ($19 billion). That means our debt increased by almost a factor of two... — read more 

In my last post, I discussed some of the issues that the recently departed may be facing. I then recently realized that I have neglected to address some critical areas in which those who are still with Chevron, but fear may be leaving soon, need to... — read more 

In the current business environment and cash flow condition, Chevron can last 4 yrs without borrowing, according to CNBC. This metric differentiates us from our benchmark competitors, some of whom can last decades. If we borrow money to pay... — read more 

Selection day will be no work. You will be instructed to take your computer home. You will either be called or emailed if you are fired. Chevron will mail your remaining office items to your home. A US box will also be mailed to return computer. You... — read more 

Its sounding more and more like ETC and Horizons will be a thing of the past by end of 2016.

A lot of posts here beat on nepotism as a bad thing and it's not. For example if a manager keeps his white son, another manager white son, and another managers white son in law, instead of keeping 3 black guys some would say that is racism. It isn't... — read more 

How is it that we are two weeks away from the start of ESP (Enterprise Selection Process = 60% of all CNAEP jobs open for posting) and yet, every other week since November there is a "Welcome to DWEP" announcement with 15-20 folks joing DWEP, mainly... — read more 

I have a good friend who owns a pawn shop. He tells me how sad it is to see laid off oilfield workers bringing their possessions in for pawn or sale for a fraction of their real value. These folks are doing this to place food on the table for their... — read more 

I promptly paid for two months to avoid a lack of coverage. I called my insurance provider and I had been dropped Dec 31 2015. ADP and Talk to HR are less than helpful in providing info. Is there a lag between when I pay and when chevron provides the... — read more 

Well the trickle of this rumor is now a gusher. This has been repeated by several managers that know. This buisness model will be the new normal. No going back. No BU will "close" but places like AMBU, Canada and GOM will have less than 50 employees... — read more 

Watson, mere minutes ago, following 2015 Q4 results,... "We're taking significant action to improve earnings and cash flow in this low price environment," Chairman/CEO John Watson says, as 2015 operating expenses and capital spending were reduced by... — read more 

Bring on the big layoffs and foreclosures in energy companies and energy producing states. Antero Resources (4.99) Energy XXI Ltd (5.09) EV Energy Partners (6.54) EXCO Resources (4.72) Exterran Partners (5.23) Goodrich Petroleum (29.44) Halcon... — read more 

The announcement had all the standard CVX BS "Provide functional excellence" "focus on safety" "people development dimension" "define capability and skills" yada yada yada and then LOTS of new jobs for named senior managers $$$. Was the company that... — read more 

I made a mistake and moved to AMBU 2 years ago. There is nothing going on. Everyone is hiding at home. Employees show up and then leave after an hour. We are not drilling a well this year. Even the emails have stopped. Are the other BU's doing... — read more 

Light at the end of the tunnel?

GOMBU paid for all the Deep Water Projects and all the dead beat leadership sitting in the offices. Now the GOMBU is being run into the ground, ignored, and for sale. With some change we can save this company and our jobs. Cut the leadership salaries... — read more 

if he blamed her demise on every sailor and minor officer on the bridge? Bottom line the only reason the HMS Titanic and the CVX GOMBU won't suffer the same fate is that they ALREADY HAVE. GOM is stuck on the bottom with the same Captain trying to... — read more 

USW and IUPIW are both laying off operators. USW is at 52 so far currently still in talks. IUPIW is said to be around 30 operators. IUPIW meets with Chevron on Friday the 29th to hash out details. This concerns SJVBU .....

Jan 27 2016 Announcement - Quarterly dividend of one dollar and seven cents ($1.07) per share, payable 3/10/2016 - see more here: http://www.chevron.com/chevron/pressreleases/article/01272016_chevronannouncesquarterlydividend.news

Any updates on the Saudi Arabia partitioned neutral zone, located in Al-zour Kuwait? I read that they were planning to lay off close to a thousand employees, does anyone what happened?

50 operators to be laid off between the River and midway. We hear 30 to laid off between Lost Hills and McKim trick but unconfirmed. http://www.uswlocal12-6.org/

Has anyone been noticing over the last week that our Chevron Layoff board is showing signs of latency in posting new comments? I've posted on other boards like ConocoPhillips and Shell without any slowness. Is it possible our board is being... — read more 

anybody know who's buying perman asset like dollarhide ,sundown and Seminole