Of all the company lay offs chevron lay off posts are the most. Why is it so? Are chevron lay offs lot more than other oil companies?
23 replies (most recent on top)
It really doesn't matter if your Chevron or Contractor we all have to keep a crust on the table
@GL0KP3y-2tbf, Well since they did not make any notifications today, it is evident that you are full of BS and don't work for Chevron. Thanks for letting us not-in-scope employees know that we are envied by the deadwood of other companies and by the useless trolls posting randomly on this site. Your presence is not needed nor required on this site since you are not and never have been a Chevron employee.
@GL0KP3y-1isx --- you took the words out of my mouth. Chevron is the fifth companies in my 40 years carreer in the oil business. I linger on for the last 5 years doing my best to get 2, 2+, 2 and got laid off today. All the corporate culture bs make this companies going down the drain. I hope the big axe chop down on the management.
I play along and play well in the monthly IFO meetings, CHDEP phases meeting, Lean Sigma training and meetings, PMP process, blah blah blah..... I am glad I am out of this company
@vrk. You got it right. Thanks for saying it.
1vgh - You are spot on. Chevron is a "Disgrace to Humankind."
Thanks :)
(f/@1vgh)
So I'll end the evening with this... While these ROMs and ESP will leave some hanging for a few months, or escorted out on Thursday, do not forget you could post for my job and I could
post for your job, and the site
crashed the first day because "the volume" was more than they anticipated...
@GL0KP3y-vrk, very nicely stated. For those that survive to be the skeleton crew, your message gives a lot to think on.
1gvh, I feel your pain. The Chevron Way crap, the stupid slogans, the internal corporate speak, the endless mindless meetings that accomplish nothing, the PC multicultural cult environment - all of this that must be internally fought to maintain your humanity and sense of self. It is easy to feel stupid and betrayed after being told you are no longer needed after doing your damn best in spite of the company bs.
I could not say it better, 1vgh. I totally agree.
@pvb. You obviously don't work here. This site and posts are the manifestation of years and years of the "chevron yes" and "chevron no". It's the internal monologue most of us had as we sat in a DRB meeting, monthly IFO meeting, or the plethora of cvx stuff we had to listen to. It's all coming out on here because it's the FIRST place (that I've found) where I actually don't feel like a total oddball for shaking their head at the dumb crap we do. We've come to learn we weren't the only one thinking the same thing. And so with ROMs and ESP people are venting because of the position we find ourselves in. We're aggravated because we're helpless in such a major event in our lives. Ticked off because we've worked hard only to see our work put up for sale and they can't even sell our stuff the first go-around... I could go on, but that is why it's so active here.
Default....its George Bushes fault. He did it.
@GL0KP3y-ie
Really? You saw it coming two years ago and you could have saved the company by pulling out of Major Capitol Projects that have been under construction for 10 years. We are liable to go thru multiple price cycles before any MCP is completed and again while they are producing.
I admit that MCP's have been a BIG screwup lately but they have been the goose that layed the golden egg in the past and will be again. It does no good for the price to go back up if there are no reserves to be produced.
@GL0KP3y-ied, Yes, absolutely. They should have consulted with you. I tried to tell them that we had a stock market timing genius right here working the boards but they didn't listen!!! LOL
OP, no, I don't think so. I think CVX employees are just more vocal...perhaps the company culture.
No, but any good market analysis would have told them dont make tons of large capital expenditures. You dont need a crystal ball to tell you the market is headed for rough waters. You just needs people at the top who have forsite and common sense, something Chevron dosen't obviously have. I knew this drop in oil was dead ahead two years ago and I dont have half the education these executives have. If you think this is the worst its going to get, you aint seen nothing yet.
Nope, they cannot predict the future. Imagine that.
Hmmmmm
They got into more debt then anyone else. They cant forecast economic trends.
@GL0KP3y-ysy, Stupid Comment, Troll. Not a Chevron employee or former employee? Scram.
We know your kind on this board. Some of us got into oil at $27 a barrel, idiot.
are we talking about the Obama corrupt policies or chevron.....20 trillion in debt..
hahaha "...especially when oil comes back" --- it will never come back. at least not for you!
Over 7000 layoffs by year end from upstream alone. I think that is near 50% of the upstream number before the price drop. Not sure about the percentage but I am in the ballpark. No one feels safe. The vaunted ETC ivory tower & other non-opcos took the early hits along with the lowest ranked 10% across the board. GOMBU, the CNAEP bread-winner over the last couple decades, well be cut by nearly 50% and the Lafayette shelf asset office closed for good. When CNAEP needed more production over the years those of the Golden Order of the Crawfish in Lafayette made it happen. Now those poor folks are helping sell what they built through toil, trouble & hurricanes. Used to work their many years ago- sad to see. If you thought you were safe in Covington, well Thursday will be like a funeral march. The Appalacian unit production, created from the Atlas acquisition, never materialized and has been severely down-sized. Canada operations are severely pressured by price and also have been down-sized. Bakersfield, Midland & San Ramon have also been hacked up. And SASBU, the place we all thought was growing, has been cutoff at the knees. Yeah Bigfoot was a bust, we walked from Buckskin & Moccasin, and the golden child DWEP is drilling a shtload of appraisal wells at assets that wont be economical for years to come it appears. And then the Gorgon /Wheatstone situation that is the biggest engineering feat and the biggest cost overun in the history of the world sucking tens of billions of dollars down a seemingly never-ending hole. First shipment out and another major equipment disaster that will cost another few billion. The project will likely never be profitable in the operational design window and continues to erode our balance sheet by forcing asset sales. The Aussie disaster, not the price point of oil, is the main driver behind the staff cuts. We were in a severe cash flow crisis BEFORE the price drop due to the Gorgon sink. And I see we are committed to borrowing 8 billion a year to pay a dividend that NEARLY DOUBLED our net debt in 2015 and is set to do the same in 2016 since Gorgom is offline indefinitely and price point isnt moving up anytime soon. And all the other feel good politically correct bullsht like We Lead, the Tenets of Opex that arent working, the CPDAEP process that produces a great tendon design but ignores how the hell are we gonna install them, diversity awareness, and the incessant focus on behavior not performance. All this collectively contributes to the severe loss of morale and the loss of confidence in our leadership. If employees had a vote of confidence on Mr. Watson today, he would not survive. So OP, that in a nutshell is what is producing the angst. There is much more going on that was not even addressed. Chevron will survive because of our people and in spite of our flawed leadership at the highest levels.
Yes, they are.
Many people joined Chevron for the stability and job security as, prior to 2015, my BU hadn't let anyone go since the 90s. We held the course through 2008/9 and knew it was a long term plan.
Now, they are slicing people all over the place and its the large independents who are holding their nerve. People will remember what has happened here for a long time - especially when oil comes back.