Not a lot of info has been disclosed about the selloff of the privately held Texas oil company Endeavor Energy, considering that at this point it is considered confidential info. Unofficially, Chevron and Exxon Mobil are going to put in a bid. If... read more
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Topics regarding layoffs at Chevron Corp.
Chevron announced the appointment of the new president of oil and gas business in North America. Steven Green will take over this function in the company, following the retirement of the current president Jeff Shellebarger... read more
The downward slide continues. Just in time for pre-Christmas employee headcount trimming.
No one can argue the impressive results that Chevron achieved in Q3, not only surpassing the market predictions on the earnings but also achieving the biggest level in production yet ( 3 million barrels a day). I have to say that the company made... read more
The asset teams were very welll prepared, but the GM of Global Reserves wasn’t attentive to the process he manages. As a result there wer a number of pointless reviews and the team was left wit a view that the GM didn’t even understand the debate at... read more
Sounds like a match made in heaven. One company eager to sell and another slobbering all over to get in. But since Chevron doesn’t have a team of clever negotiators, I bet you 10 to 1 odds Chevron bungles the deal and overpays big time. Maybe even... read more
Does anyone know the salary ranges for petrotechs for each of the PSGs or if this info is available?
My goodness me. If Chevron does not see that we are completely overloaded with Petrotechs and centralized staff (ETC+UC+PRC) we won't survive more than five years- Please management step up and do what needs to be done for stockholders. Company needs... read more
Do you think there may be small/medium/large Chevron Layoffs in 2019?
The article reports that there are ongoing talks between Chevron and Petrobras regarding the acquisition of the PRSI Refinery in West Texas. As it seems, Petrobras has been eager to sell the refinery in order to meet their asset divestment plan by... read more
Chevron stock is being brought down by the slowing world economy. As of Monday October 29 it’s in the $107 area minutes before the close. Who didn’t see this coming at the end of September has little clue of what their 401k is meant for. I hope you... read more
As the article states, Chevron agreed to pay a fine of approximately $3 million and agreed to invest $150 million into its refinery infrastructure to reduce the risk of air pollution, as part of the settlement with the EPA. If anybody is interested... read more
The only unit in ETC that has this useless level of management. Waste of money.
Wow, that rumor about Reserves being outsourced to RS was taken down in less then an hour. Must of hit a nerve!
If so, why has office morale returned to the low levels and stress returned to the high levels seen in the ROMs? The recent employee survey is revealing significant job dissatisfaction despite staff resilience in the wake of the price downturn. Will... read more
Do any of you layoff victims miss the 1400 or 1500 cafeteria? Food is pretty good there and prices are lower than anywhere downtown. You like 1400 or 1500 better? I'm sort of surprised sometimes at how many employees appear to be lounging around the... read more
With CUE marketing off most of their North Sea, Aberdeen assets, who would be the most favoured buyer?
Can someone chime in on the costs? Thanks.
ITC Reorg is coming... Hold your ankles
I have gained little from completing the Horizons program. Disillusioned with Chevron's mismanagement of young engineers' careers, I left the company soon after. In hindsight, I wish that when leaving school I had the insight to go work for an... read more
How does that make sense? How many ubdrilled locations do they have in the Permian? How is it better to buy stock than to invest in 80% ROR projects?
The supervisors and managers who don't have the stomach to see the candid discussions on this board, but cannot refrain from visiting it and bullying those who post, should take note their nastiness is a pure reflection of their actual management... read more
Hows it going in ABU? Has axing started?
Chevron seems excessively democratic most of the time. People with high ratings (consistent 1 performers) get promoted. People with 2- or 3 are the first to be laid off, followed by benchmark 2s. Any high performers laid off (or fired)?
Finally some good news. Giving that Mexico has a fairly large market with big demands for oil and the fact that it just opened it to foreign companies, I’m sure getting there on time will benefit us a lot in the long run... read more
A portion of the company has had WorkPlace rolled out to them. I think at the executive level, they post messages that are very intentional and planned out with some cadence. That's not a bad addition to the company, honestly. On the other extreme... read more
As everyone knows, Rosebank is still being worked up with FID in Q1 2019. What is everyones thought on this project? Is it going to get the green light or not as the case may be? CVX recently said 'Rosebank' was not part of the asset sales in CUE... read more
While doing a comparison of other majors, consulting and Chevron - it seems Chevron is really behind in salary increases and market value for those folks who are actually capable of changing the way the company truly works. We continue to lose our... read more
Individual performance does not matter. Last year, they promoted everyone until pay grade 24. Recall double promotion. This year, they plan not to promote anyone from that group at all. Insightful way of motivating the workforce. All decided by the... read more
Are folks being suspended and fired for violating security policy? What gives?
At what PSG do employees start obtaining equity bonuses? I heard it was 26 ? Also what is the average pay for the following PSGs. 28 27 26 25 24 23
Anyone know what this meeting is about. Possibly selling some or all of the business unit? Nothing would suprise me now days.
How is it that PRC can not manage the Harvey tunnel repair MCP without massive delays and huge cost overruns? I went underground for a troglodytic lunch today and was shocked and appalled to find the Chevron tunnels still under repair from Harvey a... read more
With the QAnon take over of the board of directors, expect another ROM before the storm.
Whats happening in ABU? Has ROM started? How many will be let go?
The more things change the more they stay the same it appears. As reorgs are taking shape it appears that the old saw of saving money by outsourcing is in vogue. Not withstanding certain employees, do 'partners' really care about the bottom line as... read more