Odd, decent earnings reported and the board is silent? Figured I would see a few comments the only reason for profit is that assets were sold.
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Topics regarding layoffs at Chevron Corp.
Could someone please shed some light on the PDC process, precisely the notification part, do all applicants get notified? Or just the ones receiving offers? what about those who receive no offers, do they still get notified? Thanks
I was layed off from Chevron just over a year and a half ago. I am in my 50's. I actually separated from Chevron to take care of my wife. She had 1 year left as her ALS was killing her. I had to focus on her and making her comfortable for end of life... read more
I was waiting in line for security last week at Midland International Air (and Space! lol) Port when I overheard two recruiters with Airswift discussing hiring they were doing for Chevron in the Permian with two other gentlemen. They seemed to imply... read more
Anyone have any historical information on how often layoffs hit the Chevron legal department?
Lot of ExPats are getting jobs in home countries because they truly are versatile high performers. That is how they became ExPats in the first place. Being successful in ROMs and PDCs really does have a lot to do with networking, networking, and... read more
Nice to see that the Australian Tax Office is targeting transfer pricing practices this way. Good result for Australia, bad result for multinationals globally doing these practices. This was the result of interest on a small loan of $2b, now to... read more
So just found out, I went 0-4 in this past PDC. Still have my job as it was posted contingent but really, really frustrated and stuck now. Career development at this company has come almost to a complete stop unless you are one of the "special... read more
With recent asset sales/ potential sales- could Chevron be readying itself to be an acquisition target? Is any major big enough to buy Chevron? Wild I know.
Did you receive the Proxy voting for the Annual Meeting? This is the chance to get your voice heard. We the laid off hold millions and millions of stock and has the power to make changes. Below are the two that you can vote and make your vote count:... read more
This Chevron Corp Layoff site has imposed more oversight to repeat posters and the content of most of the replies. If you are being locked out from posting, install and use a VPN Client app to bypass your IP address being blocked or to free yourself... read more
What are the current proposed alternatives? Anything you know.
http://oilpro.com/post/30895/chevron-warns-medium-term-lng-supply-gap?utm_source=DailyNewsletter&utm_medium=email&utm_campaign=newsletter&utm_term=2017-04-14&utm_content=Article_9_txt "Countering the prevalent LNG market theme of a supply glut... read more
I know some PDC functional groups had their meetings and selections but not all, and curious to know what has been going on with these functional PDCs.
On NOV's page: https://www.thelayoff.com/t/MNeXrSZ or @MNeXrSZ
Not a good sign for any fossil fuel-based energy company. If you are a young person starting out in the oil and gas industry, it would be good to start looking at something else for a long term career... read more
Most oil companies know how screwed up Chevron's personnel processes are. Job posting by many was viewed as a magic elixir to give control to employees over their careers. In the good times, job posting and PDC was positive. In bad times, it destroys... read more
Borrowing billions of $$s to pay a dividend!? Cutting budgets, projects and heads to pay a dividend!? So why all the need to keep investors happy? To my knowledge, CVX does not issue new shares of stock to fund ongoing operations. I guess the real... read more
That will cover the dividend for 1 qtr.
Possible loan default by PdVSA may result in majority control of CITGO US refineries and pipelines by Rosneft, a Russian company with strong ties to Putin. What would you think about Chevron being owned by the Russians???
I just overheard two HR managers at lunch that there is a major discrimination lawsuit by former business partner. What do we know?
Well it looks like this one is going under the radar but few colleagues of mine were left standing after this PDC and have 6 weeks before they have to go. Why in the hell would one now want to go through the PDC process if a job is not guaranteed?... read more
What do we know about a what do we know know if a what do we know could know what do we know?
This is an interesting article about the first Gorgon shut down, did Chevron learn and are they doing anything differently? https://thewest.com.au/business/energy/the-day-disaster-struck-gorgon-ng-b88423525z
Oil and gas jobs posted a second consecutive month of gains for the first time since the oil price crash began nearly three years ago, according to Bloomberg. Whooo hooo!
Ok folks, this might be the beginning of geopolitical oil instability for the price of crude oil. Maybe, maybe not. Depending on what comes of this over the next several days or weeks, the employment picture in the oil patch is in play with this. Not... read more
This is from Reuters. JW interview from Houston. Our brave CEO has a desire to put Permian assets in the ranks of Chevron's biggest ventures. This is in stark change from just 5 years ago when Chevron executives rarely mentioned the shale basin. With... read more
If it's to cut employees, sell assets and hope for a quick turnaround on oil prices while stringing the investors along with an artificially high dividend, then the end is near. The company is cash poor and the assets are in a buyers market. On the... read more
Why are the people in HR so upset?
What are your thoughts on must moves? Will PDC folks really try their best to place them, or is this a convenient excuse for lay offs?
If all or a lot of the high performers quit chevron, do they promote the next best people or do they hire externally? I hear JW say we are a "promote from within company"....Isn't mcbu Vp external ?
Is there actually documentation about why you got the rating you did? Like is 30% of it performance and 50% interactions.....etc?
Can anyone elaborate on CVX 401K, vesting in particular. TIA.
Train 2 production at Gorgon LNG in Australia is shut down again. We Lead, The Chevron Way, OE, Human Energy, blah, blah, blah, whatever.
Years ago I knew a guy who knew he would be leaving the company. He had like $100 in his FSA. He had his vision laser corrected to the tune of about $10,000, paid via FSA, then left. He never had to repay it. Is this legit?
Everyone knows that middle management is PSG 26-30. What happens next? Managing director is 41-45? OpCp head 46-49? SVP 50? Deputy Chairman PSG 75? CEO 100?