Thread regarding Chevron Corp. layoffs

The only self-proclaimed SMEs laid off were those too lazy or incompetent to survive keep up at a giant old-fashioned behemoth like Chevron. Imagine how long they might have lasted at a more agile company?

Not surprising. Chevron management are intimidated by competent technical smes as a result they have laid them all off to preserve their empires and elect to contract them out

Glad to see that some of the geriatric reserve chairs have retired. Now we can have meaningful booking discussions, rather then pedantic lectures from staffers who haven’t worked in an operating company in 25 year.

If Chevron doesn’t take the booking of their reserves seriously, it will go under. Many other oil companies have lost investors and gone out of business just for missing on reserves.

One says it’s good, someone else doesn’t. Doesn’t inspire confidence in the department nor the personnel.

Current RAC is the best in my career by far. They know the rules inside and out as well as the Chevron assets. I feel sorry for teams which go in unprepared. Reserves booking is serious business.

Many a good company has fallen because the big bananas at the top didn’t know what they were doing. Business acumen is not enough in the oil business.

Unfortunately that does not surprise me. At the business unit level non-knowledgeable management level personnel and inexperienced business analyst helped to bring about the demise of some upstream groups. Knowledgeable engineers and other team members were systematically released during various reorganizations.