Current business plan roll ups are so far off that it is impossible to fund beyond the largest few assets. The rest of the businesses are going to get starved of capital this next cycle and you know what that means. Underfunding means bigger... — read more
EB to replace RM
What are your thoughts on making EB the CFO and the Chief People Officer No matter what you think about her but for sure she will do a better job than the current clown Anyone will be better than RM
Any word on layoffs?
Please post if you know something is in the works.
$68 M and $35 M
That’s what MW made in 2021 and 2022. Remember that when you have PMP, CIP, and pay discussions in the next few months.
Latest Rumors - Go!
I’ll start - heard fewer promotions this year and a reduced salary adjustment pool.
Does Chevron still provide sponsorship to international students?
Heard from the career fair Chevron no longer sponsors international student for work visa?
Recent CTC Open Mic
Just saw the open mic on Thursday. Not a lot if details of the changes coming up. What did y'all think?
RB - is a clown
So, if you are part of the elite club of what they call the “global leadership forum and plus ones”………you heard RB - the new incoming CTC President - answer a question that was revealing about this clown’s attitude and lack of self awareness. We in... — read more
Jelly of the Month Club?
Is MW going to ruin his employees Christmas with layoffs going into the New Year?
Tengiz Future Growth Project Delay
Just like Gorgon, only worse. On a day where competitors are way up with wti hitting 90 - cvx is at least a little positive. Who is accountable for this latest ‘one year’ schedule delay (after two earlier announced delays - now 4+ yrs past... — read more
ROMs going on?
Are there ROMs going on in specific BUs right now? Management keeps saying no company wide layoffs but reading between the lines there will be layoffs in some groups. Anyone have news that management is hiding amongst the corporate talk?
Cuts stretching farther?
Has anyone been to the place people used to talk about? Has the budget cuts hit that place too near San Ramon?
HR file access?
Has anyone been able to access and review their HR personnel file? I would like to see what is in mine. Might include a couple "letters" they filed a while back...
Permian collapse
Chevron quietly increased Permian spending by one billion dollars (25%) to meet production targets and over come "well productivity issues". Do the math.
New R&D Campus
https://www.prnewswire.com/news-releases/chevron-acquires-over-77-acres-in-bridgeland-central-301917343.html
Strike in Australia
Looks like Chevron in Australia is going on Strike. The employees are starting to get tired of the lack of care for the employees world wide. MW needs to wake up and start treating people decently. He needs a paycut.
Will management truly address low morale?
Morale is the lowest I've seen in my many years here. People are waiting for the next layoff since job security is all gone. In the townhall they seemed to imply coming into the office will fix the stress and morale. That will only further cause... — read more
Closeout PMP time is upon us?
My boss says her travel and vacation schedule will be hectic this fall and we should schedule our final PMP closeout in the next two weeks. Is this normal? Holy cow.
Focus on layoffs
The question about when is the next layoff coming is asked in most of the townhalls. Employees are constantly watching for when the next layoff is and that's terrible for morale and productivity. Since the morale has dropped we've seen more safety... — read more
Ending the Hybrid work schedule, Cr-ppy CIP
You can tell that weasel MW wants to get rid of the hybrid schedule and is already counting on a low CIP. Up your MW!
Breaking CTC ?
Did MW say that CTC will split between Core Technology vs IT ?
Layoffs in CTC?
Based on what MW said in the townhall it seems like he's coming after IT again to cut costs. We are already extremely lean in IT as it is.
Travel Cuts
We saw some meetings being switched to virtual just within the past 10 days and now MW is asking us to not travel. Here we go again.
Already setting the stage for low CIP
Wonder if he’ll take a pay cut since we’re not meeting targets..
Intense Cost Cutting
It seems like Chevron maxed out the credit card on extreme dividends and the employees are being punished for it. Morale continues to be bad!
The Townhall
Will MW address the intense budget cuts going on? Will he announce some kind of nice sounding initiative like "Transform to the Max, Give people permanent vacation without pay"? Will he address the brutal morale?
ABU will take action
Late yesterday, the Offshore Alliance lawyers served Chevron with formal Notice of Protected Industrial Action on all 3 West Coast facilities, commencing Thursday 7th September 2023. OA members will be participating in rolling stoppages, bans and... — read more
Quiet Cutting
"Workers are waking up to emails and team-meeting requests with a jarring message: They aren’t fired but their jobs are gone. People on the receiving end of these memos describe running through a range of emotions, from relief that they’re still... — read more
Chevron to implement a hiring freeze!
A hiring freeze will be announced. There are rumors about a planned reduction in the global workforce.
Chevron will start slashing salaries
In an effort to be more competitive and cut costs, employees will see significant reductions as early as Q1
Cyprus plan rejected
I have never heard of a field development plan being flat out rejected. Someone REALLY dropped the ball on this one. This can't happen when there is proper communication along the way with the regulator. "Cyprus rejected Chevron Corp’s plan to... — read more
Chevron issues mass layoff notice for Colorado
Denver Business Journal: "Chevron merger deal rewarded departing PDC Energy execs with more than $100 million"..."Chevron issues mass layoff notice for Colorado workers following PDC Energy merger"... Same old same old, but will the reorg propagate... — read more
Diversity and inclusion
Why do I find folks with the most marginal technical skills become the biggest champions for diversity and inclusion. I am happy to work with folks from a wide range of ethnicities, orientations and backgrounds, I understand some need special... — read more
Easy head reduction
Take an example from Amazon, a successfull tech company, of the type so admired by MW. Ban the use of PowerPoint....we have so many professional PowerPoint engineers, such a ban would not only lead to more defined decisions but a major head reduction... — read more
Chevron is is free falling
The only Major in Oil and Gas with Negative YTD return on investment at 80$ oil CVX -13.63 (-7.83%)year to date XOM +2.20 (2.07%)year to date Total +1.24 (2.02%)year to date Shell +5.44 (9.72%)year to date BP +2.26 (6.59%)year to date Saudi Aramco... — read more
HQ Move
Has SR completed its move within Bishop Ranch?
Feeling the cuts?
What are you all seeing with the budget cuts going on? I've seen contractors being let go and full time employees taking on the work. I've also noticed less cleaning in the buildings when I've been in office (I'm there several times a week). Trash... — read more
Products Townhall
AW and CC denied that we’ve ever had layoffs during the tow hall today. AW had to backtrack at the end, it was great comedy. Layoffs are always around the corner.
PDC COC
Anyone heard what the package for PDC employees will be? Also will they offer it to legacy employees?