Anonymous139345 - Very sorry to hear about your wife's tragic accident. Thanks for sharing the giant F*** up story with AMBU, and it's a good thing that you never went to that group. Your former mentor sounded like a "stand up" guy - open, honest, able to tell the good from the bad - a character trait sorely lacking in today's Chevron.
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Would chevron historically give severence or back to school money to these people? May be worth sticking through to the end?
The JV is ending in October. The BU will start to cost hundreds of millions more for 50 wells? WTF do you think is going to happen. I did not believe the 50 we'll number. I thought it was 50 pads. But it's only 50 Wells. I am curious, as I see on here that some say that the people think every is OK? Bud, people are not that stupid. You can fool the fans sometimes but you can never fool the players. The employees see the writing!
When will this happen?
My wife was from Pittsburgh and she passed in a car accident several years ago leaving me alone with two young children. I wanted to get to Pittsburgh for my in-laws . It is rough being a single Dad I was hesitant to put this up but I keep my personal business personal and the one person I trust in just retired. So here it goes. I asked to move to AMBU a few years after it was established. My mentor (who has been consistently honest and right and now retired) said that the BU was a wreck. From the stories coming back, to everyone on the weekly conference calls from AMBU saying how bad it was. So I did not go. Then I heard they were restructuring/reorganizing and asked my mentor again last fall. He said to give him a few days and he came back with the BU was looking to farm most of the work out by an Non Operating Joint Venture. My question was why reorg? He said if the reorg required to hire people it would not make sense but a layoff of 150-200 people for a last ditch attempt to make a complete disaster savable, it would be reasonable. So with the current state of affairs I tried one last attempt a month ago. I said hey how did AMBU come through the reorg? My mentor said the last ditch effort did not work at AMBU (That costs are still to high and they can not reach the 300 wells needed for economies of scale and land lease holds) and with the state of affairs in Chevron (This was a month ago it has gotten worse) that CVX has no intentions of keeping that business unit operating in its current state??? I asked for clarification. They will be downsizing it to fit the business model of a Non Operating Joint Venture, less than 50 employees.The advice was when the downsizing occurs there will be no jobs to go to no matter the, PG, asset to the company or connections. You will be unemployed. Not good news anyway you look at it.
GTFO!!!