CVX needs to bring in new exec leadership from outside company to break away from the incestuous, chronies club where either your face fits or you are sidelined to enable the friends of MW, RM, MN, PB to be recognized and promoted irrespective of performance - and surprise surprise exec are now angry their own appointed leaders are now underperforming- problem is they have never performed but promoted beyond level of competence-
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So you just quit the first work day of the year? Awesome. I left a while back, and no, the grass is not greener, just different set of problems and aggravations. In fact, many things were much, much better work environment-wise at CVX but it took working somewhere else to appreciate it.
I got out this year. The grass is greener on the other side
MW and the rest of his clan aren't going anywhere. The BOD isn't about to scramble command. The stock price would tank. I agree that the situation stinks and management holds the vast majority of the blame. I am looking now for another job outside of CVX and I suggest others do as well. Good night and good luck.
It’s the optics.
Standard Oil (which also included parts of modern Shell, Marathon, ConocoPhillips, Devon and BP) was a monopoly of nearly 90% of the US oil and gas. ExxonChevron would be 15% or less. Not an issue.
Apple has more than 50% of the US smartphone market. Google has more than 90% of the search market. Amazon has 40% of online retail.
The FTC will never let Standard reassemble itself. Inane suggestion. A BP or Shell tie up would be more likely.
The FTC will approve it with conditions that retail market share be managed by divesting certain refining assets. XOM has about 10% of US refining capacity and CVX about 5%. There is not much overlap. XOM are not on the west coast. There is Gulf Coast overlap but that refining markets to a vast area. Worst case scenario a couple refineries and some retail stations are sold off to satisfy FTC.
@21fr…it will never happen b/c the FTC would never approve a merger of the 2 largest U.S. O&G companies…….I think that would actually be the best outcome for our sinking ship, but again the FTC will never approve that.
The inside scoop from HQ is that the BOD is really had it with MW and doesn't see a way out with the current leadership. They are pushing MW to merge with XOM as soon as the Hess deal is complete.
JG needs to be on that list. Buffoon.
The current leadership team ensembled by MW is a total joke. BOD needs to bring outsiders to right the ship!!
Our current leadership's strategy is a focus on layoffs to drive growth. It's all they ever seem to think about. The employees are beaten up after it all but they seem to want more and expect we will enjoy it as much as they do. Let's get a new team that has a great vision than the next great Transformation ROM
The current senior management is perhaps the poorest performing, least accomplished, least capable, least inspiring in my (many) years with Chevron. No vision, no strategy. Praying that package materializes in 2024.
MW and his chums are the classic difference between Managers and Leaders.
Leadership takes courage. I don’t see it with this current crew. Maybe whoever monitors this sight could have some courage and share what’s been posted here lately about leadership, accountability and delivering results (or lack thereof) with the ELT. They can’t hide from Wall Street….they get it and it’s not been pretty lately. Really disappointed in my former employer.
Agreed the nepotism and cronyism at this level is unheard of. Whoever says that chevron is a leader amongst oil and gas are right. In all the ways of the way NOT to behave and failing as a leader - completely uninspiring and non visionary. We have lost our way. Poor decision making, lack of accountability and a complete denial of the truth. We have lost our technical skills and edge, cost control, and business acumen. Do better, expect better and either be part of the solution or leave. But don’t turn a blind eye or pretend all is well.
Completely agree leaders blaming hard working employees who do their jobs but have no control on the poor exec decisions such as Hess, overrun on major capital projects, fatalities. If exec leaders truly believe in performing in any environment they are not performing and should do the noble thing and take personal accountability and resign.