I’m hearing both SJV and TX will reorging…again.
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So what, who cares? Quit sniveling like a bunch of indentured servants and grow a pair. It’s just a job…
Hold your nose and you won't feel a thing.
I think MW and upper management needs to go to LA (Layoffs Anonymous). Hello my name is MW and I am a layoff addict.
For everyone tired of the never-ending reorgs, there are definitely technical companies out there hiring!
For anyone interested in the Denver area (and some WFH opportunities), NEI Engineering is looking for electrical, SCADA, and civil engineers as well as HR generalists.
https://www.neiengineering.com/careers/
CVX will never leave Cali while MW is CEO because his wife likes to golf and the execs love the weather.
Why is Tesla at all relevant?
Any actual insight into reorg? I get SJV, but TX?
Due to accelerated depreciation Chevron really doesn't pay tax in the US (state or federal), but nice try.
Planning has a corporate tax reduction scenario of 8.84% in 2023. This coupled with SJV going broke and Tesla moving makes the long rumoured Headquarters move to Texas in 2022 almost a sure thing. Analysts and shareholder groups see no reason to remain in the high cost, anti-energy state.
Lean and agile? Somehow I am not seeing it. Over a year in “transition” and I have not seem a single useful new advance worth highlighting. Everyone working group think overtime, and micro-management proliferating, leaving one guy and a mule to pull the load. I think this “transition” will be studied in future MBA programs as a classic example of hype over substance. I think we need a major upturn back to the Chevron way!
It’s only human to re-org
“SJVBU and West Africa are unprofitable with no upside, expect them to be divested just as the GOM shelf was.”
They have tried, no buyers.
At least the guy who only wants to talk about layoffs on this board will be happy again
PRC sunk this company. They are the reason we all have less work.
If they escaped a fate less than being hung drawn and quartered, they did well.
PRC drove themselves out of business by a decade of catastrophically mismanaged projects.
Speaking of lay-off addicts, PRC has gone through a re-org every year since 2014. Use to be the most important org in Chevron, now they are a defunct “function” inside ETC. I always wonder if CNE or another org will follow the same path. The next flavor of the week…
Change managers and re-org consultants are drooling at all the downsizing and re-orgs that will be done in the next ten years. SJVBU and West Africa are unprofitable with no upside, expect them to be divested just as the GOM shelf was. Current GOMBU has potential but is just so capital intensive. Tengiz and Australia as cash cows while MW is bedazzled by the Permian three card monte. Oh yes, let’s not forget the $$$$$ that will be siphoned off to pretend to be in the renewables business.
Lean and agile; get everything done with less people and get it done quickly. Heads will roll like those west Texas tumble weeds down highway 302. The axe man cometh with a sharp blade gleaming under the desert sun for all who's PMP is lacking. Diversity candidates you are safe for sure.
Finally, lay-offs to discuss on the lay off site.
They will let us know when they find a new term for re-org! But yes
Houston is more than 20% over staffed right now. We are not drilling as much and will be acquiring ESG companies with 10 billion in capex. If your skillset can't work for the future company, you are doomed.
Yes, I heard the Texas BU is doomed.
Expect at least one BU per year to reorg for the foreseeable future. This should be self-evident from how Chevron has circled the drain ever since 2015.
We need to send management to rehab if its true. They have a layoff addiction.