I’ve seen many recent cvx hires who were ex-chevron, went to work for another major for a few years, and now are back with chevron. Can anyone share what chevron rehire policy is? I am ambivalent about working with these people.
Chevron Seeks Profitability Shift with Sale of Congo Operations for $1.5B
Chevron has been seeking this 'profitability shift' since MW started asset sales in earnest in 2018. Translation: we sell long-term but low-margin conventional assets, particularly 3rd world stuff, and plow the money back into North American UCRs (to... — read more
Exxon, Chevron Shareholders Shoot Down ESG Proposals
Phew! Looks like the green wave has dampened a little. For another year we can fool around with hydrogen and biodiesel, and pretend we're "transitioning".
Any thoughts on how long the transition will be post close for the back office work (accounting, production, DO)? Assuming everything goes pretty quick since its not your first rodeo.
Will PDC acquisition give cover for another new re-org?
It’s been 10-15 minutes since chevron embarked on some sort of restructuring; will the PDC acquisition turn into an “opportunity to adjust what we didn’t get exactly right in functional transformation”...?
ConocoPhillips vs Chevron vs Pioneer
Anyone here has experience working in 2 or all of these companies and can share ? Is it a lot less bs than CVX? Which one is more about business rather than social engineering?
Chevron’s Future: 2050 and Beyond
What are y’all’s predictions in regards to staffing levels and profitability of CVX given the current administration (and EPA rule proposals, not to mention individual state regulations) vendetta on reducing oil consumption? Mike states that only 25%... — read more
Should I go or should I stay now??!
Any ideas on if CVX counter offers to those who leave? Or is it generally a quick and easy sayonara? Or is to a select few ie hi pots?
Dambisa Moyo at Bilderberg
The “Baroness” Dambisa Moyo, who is on the CVX Board of Directors, has been invited to this year’s Bilderberg Meeting. Dambisa has hardly any real-world experience; a few years at several banks when she was not working on her PhD or writing books so... — read more
Chevron’s flagship carbon capture and storage project “stuck” at one-third capacity
https://worldoil.com/news/2023/5/17/chevron-s-flagship-carbon-capture-and-storage-project-stuck-at-one-third-capacity/ "Chevron Corp.’s flagship carbon capture and storage project in Australia faces years of work to hit full capacity... The Gorgon... — read more
Gas price collapse
Natural gas prices have really plummeted. Rig counts are falling faster than ever. What's next?
How’s that Agile going?
I retired a few years back just as the Chevron Way was transforming into the new Agile Way. Is everyone now working faster and more productively than ever before? My impression of the whole transformation was that it was a useless waste of time... — read more
Why is CVX switching from Vanguard to anti-fossil fuel BlackRock?
Starting June 1, participants in the Deferred Compensation Plan will lose access to 10 Vanguard mutual funds. They will be replaced by 8 new funds, 5 of which are managed by BlackRock. BlackRock has been at the forefront of the anti-fossil fuel... — read more
Perhaps someone disagrees?
No. Chevron does not value its (few and far between) successful oil explorers. Want proof? Just ask your Chevron recruiter or your contacts there if they can name just 4 or 5 current and successful oil explorers in the company. Maybe the... — read more
I wouldn't be surprised if Chevron continued its outsourcing strategy this year. So many companies are laying off at this time that it would draw very little criticism and bad publicity. I might be wrong about this, but do you think our leadership... — read more
Ever since I read “The Prize” in middle school I have dreamed of becoming one of the great oil explorers. Now that I started my master’s degree in geology I am wondering if Chevron would be a good employer to help me fulfill my dreams.
EBU Toxic Leadership
What will happen first: DM takes CN’s job or DM has heart surgery? Poor guy is gulping for breath on every town hall Poor us if they keep promoting him
Chevron vs XTO in Midland
Why does Chevron have such a huge office in Midland compared to XTO?
Record Profits and Budget Cuts
With more high profits I just don't understand the budget cuts and laying off contractors in many departments. Why continue to make life worse for employees when we have been put through so much since 2020? No wonder retention is a major issue here. — read more
In office time.
Word on the street is SR and Houston will be moving to once a week in office schedules in an effort to make it a more attractive place to work.
What does having your 90 points actually get you?
Chevron Wokeness Awards
Chevron website lists all kinds of awards from diversity/wokeness organizations. Draw your own conclusions.
Disappointing production news in the 1Q23 earnings report. It has fallen and we are back under 3 million BOEPD. Terrible. Apparently Permian growth it not what was hoped. Royalty production is now forecast to be flat all year. Gads.
what is the word on the street? BB has been in the role for a decade. its probably time for change. none of the GMs are obvious replacements like he was 10 years ago. MW and EB going external with the next one? or random business leader like... — read more
Downstream PSG realignment
Been hearing that a PSG realignment is now onto voting from big Mike. What do you guys think? Should it be approved? Will this finally make us equal to our upstream and midstream folks?
Does anyone have any experience on working at Richmond CTC? How’s the morale and work life balance ?
SJV Post Integration Burnout
Cracks are showing and people are stressed across the operations. Folks are working 6 days a week (sometimes more) and nights while other roles with similar or higher PSGs don’t have that pressure. We keep hearing leadership is aware but have yet to... — read more
San Ramone Collapse
News today is a 70% reduction in our space and staff in San Ramone. ChevPark is ancient history. It will be renamed The Orchards because it was a bunch of pickle orchards originally. I guess Chevron Way will be renamed Dill Drive. No more... — read more
Time for a new site?
Seems anything that is real but uncomfortable for the company is shut down on layoffs.com. Time to go elsewhere???
ESIP plan switch to BlackRock is a mistake
I'm less than thrilled that we're transitioning our Vanguard funds to BlackRock, who mandates the "current thing", aka ESG to companies their invested in, and overemphasizes ESG scores vs. profit in the funds they offer.
Mike Wirth gets a 10% raise: I guess his compensation does not depend on safety performance like the rest of us.
Median Compensation Decrease After Record Inflation
https://www.reuters.com/business/chevron-paid-its-ceo-236-million-2022-sec-filing-2023-04-12/ “ The median annual compensation for Chevron employees last year dropped to $161,488”
Bare Minimum Mondays
Saw this on TV this morning. Looks like another excuse to not work: "Bare Minimum Mondays" is a term that refers to employees doing the bare minimum amount of work necessary on Monday. This practice is often seen as a way to cope with work-related... — read more
Fad Surfing at CVX
It's clear that Fad Surfing has had a huge negative impact on Chevron. From Safety, to Efficiency, down to our bottom line. Will we ever stop?
Future of RIchmond
I heard Richmond refinery is bleeding talent due to the strike. Also, Rule 65 is coming for the refineries in the east bay area. Will richmond end up being sold to another company like Shell Martinez was sold to pbf? What will happen to the Richmond... — read more
CVX over $200 by EOY?
Given the high level of one-team behavior demonstrated by Chevron HR it’s only inevitable that our our stock price is about to skyrocket. The only question is how high?
CVX back under $100 by EOY?
CVX trading at $60 during the pandemic was unreasonable, but it is also irrational to pay more that $100 a share given Chevron’s annual gross profits. As the economy slows I expect Chevron to drop to a more reasonable valuation (maybe $70-90 per... — read more
Anyone have news about a Thailand fatality?
Project Managers for MCP’s
I have only worked on MCP’s at this company and with that said I have only really been in GOM. I have noticed the project managers on these projects are 100% delusional. They truely believe they know what they are talking about even if they have no... — read more