https://www.prnewswire.com/news-releases/chevron-acquires-over-77-acres-in-bridgeland-central-301917343.html
Strike in Australia
Looks like Chevron in Australia is going on Strike. The employees are starting to get tired of the lack of care for the employees world wide. MW needs to wake up and start treating people decently. He needs a paycut.
Will management truly address low morale?
Morale is the lowest I've seen in my many years here. People are waiting for the next layoff since job security is all gone. In the townhall they seemed to imply coming into the office will fix the stress and morale. That will only further cause... — read more
Closeout PMP time is upon us?
My boss says her travel and vacation schedule will be hectic this fall and we should schedule our final PMP closeout in the next two weeks. Is this normal? Holy cow.
Focus on layoffs
The question about when is the next layoff coming is asked in most of the townhalls. Employees are constantly watching for when the next layoff is and that's terrible for morale and productivity. Since the morale has dropped we've seen more safety... — read more
Ending the Hybrid work schedule, Cr-ppy CIP
You can tell that weasel MW wants to get rid of the hybrid schedule and is already counting on a low CIP. Up your MW!
Breaking CTC ?
Did MW say that CTC will split between Core Technology vs IT ?
Layoffs in CTC?
Based on what MW said in the townhall it seems like he's coming after IT again to cut costs. We are already extremely lean in IT as it is.
Travel Cuts
We saw some meetings being switched to virtual just within the past 10 days and now MW is asking us to not travel. Here we go again.
Already setting the stage for low CIP
Wonder if he’ll take a pay cut since we’re not meeting targets..
Intense Cost Cutting
It seems like Chevron maxed out the credit card on extreme dividends and the employees are being punished for it. Morale continues to be bad!
The Townhall
Will MW address the intense budget cuts going on? Will he announce some kind of nice sounding initiative like "Transform to the Max, Give people permanent vacation without pay"? Will he address the brutal morale?
ABU will take action
Late yesterday, the Offshore Alliance lawyers served Chevron with formal Notice of Protected Industrial Action on all 3 West Coast facilities, commencing Thursday 7th September 2023. OA members will be participating in rolling stoppages, bans and... — read more
Quiet Cutting
"Workers are waking up to emails and team-meeting requests with a jarring message: They aren’t fired but their jobs are gone. People on the receiving end of these memos describe running through a range of emotions, from relief that they’re still... — read more
Chevron to implement a hiring freeze!
A hiring freeze will be announced. There are rumors about a planned reduction in the global workforce.
Chevron will start slashing salaries
In an effort to be more competitive and cut costs, employees will see significant reductions as early as Q1
Cyprus plan rejected
I have never heard of a field development plan being flat out rejected. Someone REALLY dropped the ball on this one. This can't happen when there is proper communication along the way with the regulator. "Cyprus rejected Chevron Corp’s plan to... — read more
Chevron issues mass layoff notice for Colorado
Denver Business Journal: "Chevron merger deal rewarded departing PDC Energy execs with more than $100 million"..."Chevron issues mass layoff notice for Colorado workers following PDC Energy merger"... Same old same old, but will the reorg propagate... — read more
Diversity and inclusion
Why do I find folks with the most marginal technical skills become the biggest champions for diversity and inclusion. I am happy to work with folks from a wide range of ethnicities, orientations and backgrounds, I understand some need special... — read more
Easy head reduction
Take an example from Amazon, a successfull tech company, of the type so admired by MW. Ban the use of PowerPoint....we have so many professional PowerPoint engineers, such a ban would not only lead to more defined decisions but a major head reduction... — read more
Chevron is is free falling
The only Major in Oil and Gas with Negative YTD return on investment at 80$ oil CVX -13.63 (-7.83%)year to date XOM +2.20 (2.07%)year to date Total +1.24 (2.02%)year to date Shell +5.44 (9.72%)year to date BP +2.26 (6.59%)year to date Saudi Aramco... — read more
HQ Move
Has SR completed its move within Bishop Ranch?
Feeling the cuts?
What are you all seeing with the budget cuts going on? I've seen contractors being let go and full time employees taking on the work. I've also noticed less cleaning in the buildings when I've been in office (I'm there several times a week). Trash... — read more
Products Townhall
AW and CC denied that we’ve ever had layoffs during the tow hall today. AW had to backtrack at the end, it was great comedy. Layoffs are always around the corner.
PDC COC
Anyone heard what the package for PDC employees will be? Also will they offer it to legacy employees?
WSJ - Nobody wants jobs in our industry anymore
Long article in the WSJ today shows petroleum engineering student enrollment has fallen 75% despite high prices and stratospheric starting salaries. Young people do not like filthy industries destroying the planet and/or do not see a future there. ... — read more
Novorossoiysk Bombings may cripple Chevron cash flow.
Chevron relies heavily on the Tengiz cash cow. Most of TengizChevroil oil is ether shipped by pipeline or rail to the Novorossiysk port to be exported. If bombings close the port, Chevron maybe in dire straits.
CNE top heavy?
For an organization that makes no money the number of GM’s (all grade 28 I assume). Is astounding. For all of MW penny pinching he has been very generous here. I wonder what grade 26+ count in upstream is v/s CNE.
Constant Budget Cuts
What is going on with all the budget cuts we are having? Transform to Win was supposed to be the painful cut and layoff that would make is lean where we didn't have to have more painful cuts later. We have delivered a lot of value to the shareholders... — read more
Constant Budget Cuts
What is going on with all the tight budgets and cuts going on? Transform to Win was promised to be the painful layoff and cuts to set us up for years of success and make us lean an efficient. Then even more cuts are going on now. Is there any other... — read more
Chevron Managers
What’s the biggest lie or “untruth” you’ve heard a manager spew?
Layoffs are a fact of life
Chevron has fewer layoffs than most other O&G companies. Yes, they're not ideal but don't make the company out to be this huge villain just because it's doing what's best for the bottom line in the long run. Please, show me one major company that's... — read more
Production down again
Friday's telecon focused on our terrible production. Results are "at the low end of guidance". MW had his list of excuses lined up, but forecasts normally have a range of positive and negative impacts which even out. One does not forecast high or... — read more
If CTC or EMC disappeared…
Would anyone notice? Would there be any downside? Both functions are useless at this point, and bring more friction than benefit.
Too much disruptive change
To me it seems like there is far too much large scale change going on thats disrupting our work. I get it things change but we have been having constant major changes since 2020. The employees need a break and some time to not have to worry about rhe... — read more
IT to Strategy and APPS to OPG?
Any opinions on the rationale for tearing apart the CTC already? The email from EB that we need to get rid of IT and APPS in order to focus on the tech strategy is short sighted and insulting to the folks in those groups. Good luck with your... — read more
Over/under on yrs till HQ HOU
I'm guessing 5yrs or less...even though they keep claiming we're a California company with history
How much money for retirement
I know there was a thread kind of like this but it got a little political so let’s keep that out of this. Let’s talk real numbers off of what’s needed and when is the right time to retire. Just want to be ready if the cuts do come. We are 50 &... — read more