When is ELT going to be accountable for the problems in the company? Before a single person is laid off MW, MN, EB and the rest need to take a pay cut and apologize for the mess and stress they have put the employees through. It was the Transformation cuts in 2020 that cut too deep and caused any decline. That is not on the employees but MW and his team. In the Share Energy Town hall I hope to hear MW admit he has messed up and take a pay cut to save jobs. Anything less proves he is a terrible leader. The company is not nearly like it was before MW came in and he's not the person to right the ship. Out with MW!!
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@xc+1jhdrc9e8: I so relate to your comment about having to take Power BI content & dropping it into PowerPoint or Word so that leadership can view the info. That is exactly what we have to do in our group. There is a fear of actually using dashboards. I am truly at a loss as to how to gain efficiencies when the very tool that could help us do just that is not being utilized as it should. 🤯🤯🤯
Agree about middle management. Senior Leadership are saying “do better”. Middle management are fixated with adherence to existing process. Suggestions about process improvement are met with disdain. So we need to do better, but our processes are beyond reproach and don’t need to change? Can both be true simultaneously?
Since the announcement of ENGINE have wasted so much time doing things the same we’ve always done them. Hours of meetings about PDCs at middle management’s insistence, even though only one role in our function in play. Agile barrels on with no adjustments even though we have minimal work to do. Suggestions to skip the processes to middle management ignored, presumably because the processes are all they have to cling onto.
Even worse, none of my middle management chain has any experience in either our asset class, nor my technical discipline. Why the ever-loving eff are they my middle leadership?
The group think at the management level is nauseating.
CVX is so risk averse, it is not a safe environment to throw out what may be wild and crazy, but extremely effective ideas. Everyone is too job scared, and the constant layoffs (for no other reason than to make balance sheets look good without consideration of the consequences) does nothing to help.
It’s funny to hear the poster stating the ELT is not responsible for fixing our problems. I agree with the problems part but middle management does not implement the vision the ELT creates. I like many of the people in management but there is too much group think and decisions are not growth mindset oriented.
I see teams using PowerBI reports and putting data back into word documents and spreadsheets for middle management, WTF!
The ELT is asking for a reset of how we do work and some management are not moving forward. New ideas from subordinates can actually be beneficial but I see many managers not taking fresh ideas.
Chevron will ROM the individual contributors and keep the middle management expecting to see improvements. Same managers will generate the same problems. It’s a shame because Chevron is a great place to work!
The whole system is broken.
79 billlion approved for stock buy backs tells me everything I know about who to blame.
Accountability is for little people.
Our earnings per share have crashed from around $18/share in 2021 to $2.50/share 3Q224 so drastic action is need on all fronts to right the ship before it sinks. Our 2024 earnings report is going to be dismal and stock will sag to under $120/share.
The pressure from climate groups and lawsuits is increasing rapidly and some are sure to make it to trial at which a jury will crush us. There are about 30 pending suits against us currently, each requiring an army of pricy internal and external lawyers. It's hard to see a way out, even with HESS, which has lost a lot of value during the Exxon delay.
Accountability you say lol
MW is worth like 68 mil and EB 15, MW likely somewhere in between
They'll sleep better if they get fired haha
About every 5 years they play the layoff restructure game to show the board they have a plan for shareholders to get their ROI. The latest layoff restructure game is the one that will hurt US jobs the most. They have been planning this for years. It’s pretty clear the majority of positions in San Ramon are gone. In 5 years those remaining in Houston need to be prepared for the next layoff restructure game in 10 years. This will continue until only ELT, admins and lawyers remain. The writing is on the wall.
How is ELT held accountable? Boards seem to be comatose, it’s a problem for corporate America not chevron in particular.
The definition of insanity - Posting the same comment multiple times on the layoff site and expecting different results just because you keep reposting it.
Okay, I will bite. What is the problem? Layoffs? Leveraging global talents? Right-sizing? Those are the problems for the employees, not the ELT. These expensive visions are curated by the consultants. ELT is accountable for implementing this vision, not to solve your problems and listen to your whining. You need to solve those by yourself for yourself. ELT have told you this multiple times, think of "what you can control".
please wake up from your dream and be real, layoffs are coming.
Sounds like more sour grapes from some of the 2020 deadwood.
That's a fair challenge. Chevron has historically trended towards the "easy" approach to layoffs: allowing people to raise their hands and creating temporary roles to keep people, vs stack ranking on talent and need.
I will note that there's a case to be made for clearing out a lot of old, deadwood. I find that as people progress in experience they tend to bifurcate. Half continue to grow and are damn near invaluable. The other half stagnate and become a liability.
Is Chevron middle management willing to keep valuable experience that wants to retire while instead firing half of their friends and direct reports?
It was not that the 2020 cuts were necessarily too deep, but rather that they were focused on accelerating the "great crew change" to save money short term without any efforts to accelerate knowledge transfer to the younger staff. We lost a huge amount of base-business institutional knowledge, and the recent focus on fawning technology company practices (adapting agile and thinking AI will radically change oil industry practice in the short term) has only continued the trend of losing basic industry competencies. If we don’t return the focus to reserve growth and best-of-class asset development, no number of dancing robotic dogs with continue to fill our pipelines.
What do you think all the “retirements” are? Difference is they all get golden parachutes for their incompetence
The reason why Chevron cost structure is out of alignment is because they cut too deeply in 2020? Do you mind walking me through your thought process?
Was NH not held accountable?
Good luck with that.