I think everyone can agree Watson was an absolute disaster as a CEO, but the early years of his reign of terror were covered up by high oil prices. Imagine how bad the downturn would have been if Kirkland was CEO. Holy moly, the company would be bust... read more
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Topics regarding layoffs at Chevron Corp.
How is it going ? I hear rumors of more changes in the works.....
10+ year employee here. Wondering why this company is so hell bent on divesting. Upstream, Downstream, Midstream. Where is this company going? Are they using the "shrink to grow" strategy? Outside of Tengiz and the Permian, what is the next bright... read more
So at 3pm BST today, CUE management called a town hall with less than a half hour to go until the start. All of our assets - Alba, Captain, Alder, Erskine, Britannia, etc - are to be marketed and buyer(s) sought. 'Keep an eye on the SharePoint site... read more
Now that our society is moving towards victims of bullying and persecution fighting back in more effective ways, should some managers and supervisors at Chevron start to think about the future and the consequences of such actions at work? Do they... read more
Is Midcon growing? I am a ten year employee with varied experience. I am thinking about trying to move to Midcon from Downstream if that is possible. Sensible input is appreciated.
How many super highly paid expats with their zillion allowances are out there? Each expat is at least a million dollars in cost. Eliminate 500 expats or move them back to their home base where possible. That is at least 500 million bucks. Could be... read more
It is very strange to me that we have all these outside consultants running around our org when they have no drilling experience. I get that we had BCG in here a few years ago during the downturn to look to shave down our group. But what I heard was... read more
With all the upcoming 3q and 4q layoffs, does anyone know what the US payroll package will be this time? Two weeks per year of service? I heard they might sweeten it.
I work in the Covington office. Rumors have begun to circulate that the office will be closed and everybody will move to Houston. Any truth to the rumors or folks just gossiping?
Confirmed: ABU ROM is on Q3 by MD in Town Hall to be finalized by Q4. Headcount reduction will be conveyed in various Functional Team meetings in coming weeks.
Will the proposed tariffs on imported steel have a significant negative on drilling?
Just bumped into an old work friend on FGP....Worked on Gorgon. Told me Chevron brought many old expat managers from Gorgon with no real jobs. Exxon looking on in horror, Oh and he said Gorgon was not as bureaucratic as Tengiz ..have we learnt... read more
Rumour has the result of BCGs almost 2 years of “consulting” will be rolled out in July with a ROM following the new Value Chain Alignment org structure. I imagine middle management will have to take a hit. Far too many of them. Also expect... read more
Thoughts on CUE’s future?
Planning for early retirement but very confuse about company contribution i.e. 57%. Can someone please provide your best gestimate of monthly premium for CVX PPO plan after retirement (currently I pay ~$280 monthly)?
I've been with the company 29 years in the D&C organization, and I was told this week that I needed to learn some new things or basically get the boot. I talked to another colleague in IT, and even he said that apparently we are trying to get people... read more
I've worked 3 projects as a contractor for Exxon, and now have been a Chevron employee for the last 4 years. The two companies are completely different in attitude. At Exxon, they almost expect you to work an extra 10-12 hours per week. 40 hour weeks... read more
I love this site. It is soooo good and amusing to see Chevron anecdotes being distilled by all and sundry - this is why I come back despite being an ex Chevroid and feeling better about it in my new skin! Looking forward to seeing more posts on ABU... read more
Morale is at super low levels. BCG has been in the building like for ever. It is the uncertainty which is the most unnerving. Also all along the messaging has been super confusing- perhaps deliberate. Management was saying all the time - oh this is... read more
I estimate a .5% increase in interest rates reduces the lump sum 6%. This reduction could take 6 months of working to recover if rates do not increase further. In the current rate increase staircase, today may be the peak lump sum for people with 20... read more
Who has the best Chevron-provided company car? I hear in Africa all expats get a fancy leather-wrapped SUV of some sort. Same thing in Latin America, only armored. Those things must cost a pretty penny. I heard Canada gets nothing basically. We... read more
Next week we pass 135!
what's the role of uc d&c vs. etc d&c. uc rm vs. etc rpe?
Heard that a few relatively senior men are getting investigated and the axe, for doing things they really should have known better than to do.
I'm hearing layoffs in Houston soon. Maybe 200 or so. Anybody has more info on this?
So what is the difference between quitting and retiring from an HR perspective. Someone told me that you get your prorated annual bonus of quarters worked when you retire (but not if your quit). Given that, why does anyone quit when they could just... read more
Well its been two years to the month that CVX and I ended our 35 yr relationship. I used to read layoff.com frequently, but kind of got over it during the last year. Can anybody provide an objective synopsis of where Future Growth Project is these... read more
29+ years with Chevron. After considerable portfolio modeling and research, I chose the lump sum.
What are your thoughts on the various retirement "point" thresholds? Is it worth it get achieve the benefits available at 75 points? 90 points? How are people viewing this and interpreting the guidelines?
I sent in all my paperwork more than a month ago but still haven't seen my lump sum for an annuity start date of April 1. For those who have been through the process, what, if any, interest did they add for delayed payments?
Does anyone know if time spent as an in house contractor prior to getting hired on by CVX, is or can be counted towards vesting?
Remind me how the US severance scheme worked last time. Two weeks base pay per year of service? Do they withhold taxes? How long after your last day do you get it? Can you defer it to next tax year?
At what age does Chevron stop their contributions to the 401K? I've heard 60 & 61.
A buddy of mine left CVX with 20 years and was able to get his new employer to keep him whole on pension (especially) but also 401K and vacation. Financially it is equivalent to staying at CVX. But, he likes the new place a whole lot more and they... read more