look at chevron stock today, $74, a year ago, it was $20 above XOM and now it is going $3 above. what does that tell you. board of directors should fire him, bring an outsider with real oil& gas business savvy, as CEO. enough of engineers being in charge. Company needs fresh blood. CSOC and all of those time and money wasting tools should be axed. They need to get real!!!!!
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Let me tell you what "Lead" means in Chevron... just an attempt for a Manager to push off responsibility to a subordinate, with that person designated as a "Lead". If the person is not a leader or possess the skills of knowledge to lead his/her direct reports, then there will always be a disconnect. There are a lot of so-called Lead roles in this company than don't do just that. Pathetic! A big reason for our failures as a company.
There are team leads, that they don't know how to lead. They just go from one meeting to another meeting without contributing to anything, snd just carrying the name " lead". lead of what????
it's so pathetic seeing all of the waste. they are too many layers of middle management, lower management, and one may wonder who really does the work, bunch of paper pusher. no one read documents and procedures, the leads are so complacence. and now you wonder why this ship is sinking!!
I have never been part of an organization so far removed from business savvy. Can anyone say what the top 3 expenses are in a BU, project? department? How about the expenses that have changed percentage wise the greatest over the last 3 months? What is impacting the cash flow the most or least? What are the highest frequency and severity financial and safety risks? Biggest depreciation cost? Terms of contracts? Cost chevron vs. cost industry per function, per unit, per activity? What the F are the top 3 financial measures that we need to measure. Also Chevron is totally removed from the everyday work that either will make you money or loose you money. People in the field have never seen a "boss" safety specialist, Environmental pro.....in 5 years! We have 100's of them churning paper. If you do a gut check you know either we change or die!
Chevron has poor project management, business management and personnel management skills. Petrotechs are promoted with zero training in these key skill areas. This reality underscores our poor performance. Our goals are based on our pmps and internal rankings while teamwork and organizational achievement take a backseat. The organization and management processes in place are deeply flawed in comparison with benchmark competitors. This shows in our relative stock value, our dire cash condition, and many of the spot-on posts to this forum by insiders who know fist hand.
IMHO, when you are a an exec, I don't think your background matters much, it would be great if you had both, the technical and the business knowledge, however, what matter more is that you have a lot of common sense and wisdom to steer the ship. Make sure you surround yourself with the best of the best, vent, discuss, keep an open door policy, don't be afraid to be criticized, in fact, encourage it (long as it is a constructive criticism), lead by example, inspire, encourage, reward, cut the stupid shit (all the damn processes to a minimum), and of course, stay focused....how many of these qualities do you see in CVX leadership? almost none lol......here is another important one, promote based on merit not how good of boot licker, or who your daddy is.....we all have seen how many managers can't manage for shit, and how many TTLs are neither technical nor leads.
There is a lot of "paralysis by analysis" that goes on. This is exacerbated by too many processes and policies that are not fully understood by the people whose responsibility it is to make decisions within their delegation of authority. The fear of making a wrong decision comes from any person who can't back up their reasoning for action. For crying out loud, I know so many people like this... my supervisor is one.
The company wastes so much time on process process process, CPDEP, CSOC,... with an army of Decision Analysts cranking spreadsheets in an analysis-paralysis mode all the time.
Stick price is a meaningless comparison. Use market capitalization. In today dollars.
Can you imagine if all the engineers on those capital projects actually accomplished the task and we were not in this cash position issue as the market is tanking. We would still have layoffs I am sure but not to this extent. The problem isn't that the execs thought the market was stronger than it was it is they thought Chevron engineers were stronger than they are. I know that sounds harsh but given the circumstances and knowing what we know the cash drain comes from MCPs lack of execution. The culture is a wreck in PRC as well, what PRC needs is some focus. Oh and actually engineer something, you don't need to burn $$$$$$$$$/month to out source your stuff. PRC outsources everything, a blue badge OA sets up an SO w/beeline and gets a green badge to do work, that is just a culture of excess.
Most Chevron VPs and BU managers don't have a business background, LABU, CENAP, Downstream, PRC, ETC, CUE, and the list goes on and on
But that fat ass, George Kirkland who was so proponent of Gorgon and wheatstoe was an engineer. wasn't he???
Just fyi... watson is not engineer, he's businessman. MBA and econ by education, dave o was an engineer, rex t @ CEO XOM was engineer, ben @ CEO RDS was engineer. None of them are perfect, but they'r the best 1 when they'r choosen