Times are tough. Just not CVX. Our industry will draw down more and more each day. Iran to increase production of 1.5 million BOED just when inbalance was nearing 1/2 MM BOED.
So with that said, the party lights are dimming quickly. Time to move on. Some will survive, most won't. The plan changes each day. The message being heard today, is cut deep, we will adjust when things get better. Keep on good terms, for the rebound will start with contractors being hired way before employees.
Yes. Oil is dead for about a dozen years. Bye Bye, oilfield cash! We barely knew ye...
Hindsight is 20/20 my friend. Exxon is the column of the E&P business. Exxon also does not associate promotion/ pay increases with being a supervisor or managing careers of the employees below the person. When the hell did that become part of the definition of a great employee who adds value to a company. At least Exxon supervisors are trusted in the decisions that they make. Maybe it's because those decisions are fundamentally sound engineering decisions. Could be because Exxon doesn't hire consultants to create a process to be rolled out to Exxon employees that have to be explained, tracked and made into a CIP metric for the workforce. Has anyone noticed how the processes that were extremely visible 10 months ago aren't even understood by anyone in CVX today?
Ah chevron
So many bad ones got let go in my group from Alpha. Woooo. Still a lot to go.
@zzg tell that to the South Dakota guys having to pay to get rid of the sour stuff hahahaha
I came over to 'The Chev' as I call it, over 2 years ago. I noticed within my first week, that there was a complete lack of accountable leadership. This means, that there was, as still is, no accountable leadership. Everyone running around, more or less, doing their own thing without any firm guidance. Just endless meetings generating action items, power points and spreadsheets for the next meeting. Everyone is always putting blame on others when the 'group think' meeting results are not what was expected. Geez, talk about risk aversion and finger pointing. I was just amazed that this place can function as a viable oil and gas exploration and production company. Being an outsider, and not brainwashed into the Chevron Borg or the Chevron Way, it is so very clear how goofy this place is. I have seen many uppity, arrogant and clueless Chevroids get the big axe. The lunch areas are empty compared to summer of 2014. Anyone else here notice a lot of people they used to see are not around anymore?
Yes, how did you guess. They hired me to head up the rash of layoffs coming up soon. They said a lot of downhole drilling will take place.
What was your specialty at Club Men of Paradise that Chevron saw so valuable? Was it downhole drilling? Most dancers there are homo's.
I joined Chevron, from Men of Paradise. I enjoyed working at Chevron better, in terms of atmosphere, but if I had stayed at MoP, I'd probably still have a job. Chevron doesn't do a good job of promoting male dancers, or training them once they are in those roles. They also do a terrible job of not penalizing male dancers for their mistakes, whereas Men of Paradise will hammer you in an instant if you make a poor dance move.
I also joined Chevron, from ExxonMobil. I enjoyed working at Chevron better, in terms of atmosphere, but if I had stayed at XOM, I'd probably still have a job. Chevron doesn't do a good job of promoting managers, or training them once they are in those roles. They also do a terrible job of not penalizing managers for their mistakes, whereas ExxonMobil will hammer you in an instant if you make poor judgement decisions.
Look at the bright side. ...oil can only drop $28.00 more.
Either way 2016 is no turn around year. I came to Chevron from Exxon 3 years ago. I knew it was a mistake within a month. No leadership, no expectations and no accountability. I am responsible for staying once I saw it was broke. So this is on me. I left Exxon for what I perceived as a better opportunity. My buds at Exxon are not worried about layoffs but ROI's, production schedules, and managing with less.
I see everyone on this board sees how Chevron can not survive in its current state. But my coworkers think all is good? Their ignorance is the rule rather than the exception.
1.5MM haven't been baked in. Most don't believe Iran can achieve that level of production anytime soon. If they are able to oil prices will get hammered.
The Iran play has been baked into pricing for a while now