Have worked there for 14 years and was told at my bosses daughters HS grad party I have 50/50 chance. He is announcing his retirement first week in August. Ugh, we all knew this was coming, but having your boss tell you it actually makes it undeniable. He would not give a number but said it will be the biggest reduction in force by percentage and number of employees since we started this as a company.
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Like someone already pointed out very clearly... The interview they want with you so they can "map" your job, .....is to map it to unemployment.
Agree 100% with the previous post. Our leadership needs a wake up call.
sh--. Checked emails. My supervisor sent me an email that I have a meeting with BCG to do job mapping on Tuesday. So these post are true. He asked me to call him (supervisor). And he confirmed a reduction in work force. He used the word catastrophic reduction. Also Chevron verbally asks you not to share this information with anybody. Even the meeting with BCG let alone any details. They are starting to have employees sign confidentiality agreements that are very turse i was told. Has anyone worked with this group. I am curious if they will make a positive change. I have been here a long time and I need to move on, as I will be ok. But Chevron at this oil price won't look like it does today if we don't change leadership. No understanding of budgeting and results to that budget. The old timers will tell you that Chevron had great leadership a decade ago and back. There was consequences to not performing. It was not perfect but so much dam better than today. The moving everyone around every few years was the downfall. You can't get traction in 18 months on a assignment. 5 years minimum to judge quality. Very few of our current workforce can identify a fluid rig, frac pump or even have been on a platform. With Chevron heading into major non conventional work is scarry. There are still a bunch of smart good people.....that need a good leadership group to turn it around. I don't see a plan I just see layoffs. It's never a good sign when a fortune 3 company has to bring in a consulting group to run the buisness. We should have the internal fortitude and OC to do it ourselves. Good luck to all. But truly prepare yourself as Chevron won't look the same. Many more people will be sacrificed.
Interesting post @HRcFtUL-7unr, but yet I have a job, many prospects, and a bright future! And I no longer work for Chevron. And many are the same boat or happily retired!
Happy Father's day - @HRcFtUL-7unr!!
you all have no prospects, no job, no future!!!
Two by 2018
How about rig count in DWEP? Any rumors on how many rigs will be running by the end of this year?
The dividend payment has to come from somewhere. Now you know where that is. 2 billion dollars a quarter is no small amount.
If ur interviewingenuity with BCG they tell you. I was told and also will be interviewed. Chevron is using $42 oil as target for layoff. It is about covering there backside for the dividend pay out. I was thrown for a loop on $42 oil for the next 18 months. Chevron is getting much more aggressive is reducing head count. We will see it this fall.
The numbers they are floating for this fall at DWEP won't leave enough people to have a BU! Why is it that some of of got wind of this and others no word???? I am a nobody but this was discussed with little detail bit at least I got the warning.
BTW Boston Consulting Group is on this layof . I have an interview in July so they can " map" my job lol.....map it to unemployment.
@HRcFtUL-5swp, You poor baby. I told you before and I'm sure if you were to go in for therapy that your constant fixation/obvious affiliation with the condition "no prospects, no job, no future, no woman" is a personal problem that you have to deal with on your own. The answer is not here on a layoffs forum. There are plenty of online sites for you to seek and meet others, male or female, gay and straight. Yes, there are safe havens for gay males, which fits your profile. That's OK. We don't judge. Is it that you are unattractive? You can fix that with surgery these days, I hear. As to your future, quit complaining about it on this site and DO something about it. You sound really pathetic. I will say a prayer for you, dear. God Bless.
Is this DWEP layoff going to be part of 2H ESP / ROM or a layoff just focusing on Deepwater?
Did you find a woman yet, 5rmp? I suppose not since you have no prospects, no job, no future. Sad way to go through life.
@HRcFtUL-4yyi, Please don't embarrass yourself anymore than you have already dear. Quit while you are ahead, chuckles. ROTFLMAO!!!
Positioning steps to have one global Deepwater unit based in Houston. MInimum relocations to be offered, but lots of layoffs. Will take several years to execute the plan.
I agree on the majority of Chevron employees no longer being employed. Well cost at MIDCON are 75% less with our NOJV partners and twice the production. When those numbers came out folks still did not have the light bulb go off???? I asked WTF? And everyone said we are still in good shape lol. Chevron will focus all of its budget on NOJV unconventionals and deep water. They say as much every quarterly call.....look at the transcripts.
3ffp Thanks my friend this place could use more empathy like that post.
As I told you one year ago, many of you personally, 95% of all chevron employees would be laid off within 2 years
I was let go from DWEP this past ESP and agree that there is still alot of deadwood in DWEP. Alot of people trying to find something to keep themselves busy. Time for more layoffs. I am looking to live off of dividends so Chevron needs to cut costs to keep and even raise the dividend. Good luck to those still there. Qualifications does not figure into the layoff decisions there, strictly a political decision and personnel cost. Looking forward to retirement. It was very stressful with nothing to do for the past year in DWEP.
You guys should just EOI and go work somewhere else if you think you are so great. What? No Balls? And don't post that BS that CVX wasted your life. YOU wasted your life if that's the case. no one forced anyone to do anything. If you work for an idiot company. that's because it's made up of you idiots. Either $hit or get off the pot.
Currently MCP isn't all the different
Good one, 3bck. It's good to have a sense of humor in these times. Sad but true what you say.
Deepwater should be renamed Deep$hit because that is what it has gotten Chevron and many other companies into. The projects are marginal if they hit the budget and production forecasts. Problem is that the last decade of Deep$hit projects have hit neither budget or production. I worked in Deep$hit BU long enough to figure out that the whole BU is living in Fantasyland with not an inkling of reality amongst any of the teams. They spend money like drunken sailors in Thailand. At the end of the day, that is all they have to show for it....one hell of a bar tab, an incurable infection, a tatoo that they can't have lasered off, and some worthless branded trinkets that nobody wants.
Best of everything to you @3clt. I'm genuinely sorry to read you were recently told you have a serious illness. I hope you have a job to come back to at Chevron, but above all, wish you a speedy and successful recovery. God speed, colleague.
Friend just showed me this board. I am in DWEP and the OP is telling the truth and the posts on the economics are right on target. Break even is $80 oil. No one here thinks there is a problem??? I found out I am sick 2 weeks ago. Long road ahead. After telling the crew the news at work they informally break the news that, yes indeed we will have a massive reduction in head count. And my return in the fall is probably not realistic.
@2dun they are retaliation for the Katrina refugees sent to Houston. No take backs.
Only some of the 30+ year people can be blamed, 3jbo. Add yourself into the mix for others who contribute negativily with that attitude of yours.
All the 30+ year people, how did you sit back and create a mess like Chevron. Enjoy your big cash out, healthcare and troublefree lifestyle but remember you got all that from looking the other way and keeping your mouth shut.
The stock holders are the real victims.
This is true. But we all still can't understand why they are waiting till September????? They know the economicstatus are not sound so why accept all of these stray cats from SASBU? What a screwed up place. I was also told in confidence that I won't have a position by the end of the year. I also have a Empathetic supervisor.
we needs dweps to go! we running out of bunks in fourchon with all them hiding here!
Congrats, 2xhh. Don't forget to take advantage of reaping 6 months of subsidized COBRA medical coverage and 6 months of unemployment benefits. Happy retirement.
Wow the exterminator secret powder (EPS) will be used again
I got my 39 years in
Severance ( weeee) and my 6 weeks vacation pay my 401k and my juicie lump sum
Hope the employee correction/layoff impresses wall street so the CIP IS GOOD!
Thanks Chevron
Everyone still has time to network, cash in your political chips, and start exploring opportunities outside of Chevron. Brush up that resume, update your LinkedIn profile, pay down your debts, see a good tax preparer about 2016/2017 tax strategies, get to know everything about how your severance benefits work.
To the person who posted "Even the inbreads will be sown the door."
- Don't let it hit you in the A$$ on the way out - LOL!
@HRcFtUL-1lkl, There are still many spineless cowards on this board who will insult someone from the safety of their PC who don't have the Balls to say the same thing to a persons face, though. You're one.
Chevron focused on Deep Wilcox (lower Tertiary, or Paleocene) reservoir with very high cost, 200 million plus well costs. Unfortunately, these reservoirs are not economic at until oil prices recover to over $80/b. WIth only 10 year leases in GOM, most of Chevron's lease position will expire undrilled. Chevron may need to stack rigs because assigning high cost rigs is nearly impossible. COP And MRO leaving GOM. Chevron only won 11 blocks in sale 241. Goodbye to DWEP.
The next cull is going to be devistating. Even the inbreads will be sown the door.
The butt obsessed deadwood coward mustn't be monitoring this board anymore. What happened, get your library card revoked for pushing a little girl of the computer?
So why would they not reduce headcount at all during ESP but instead do it in September?
After DWEP absorbed so many folks from other BUs, specifically SASBU.
State of Texas doesn't have alimony. Try again.