My thoughts: Starts at the top, a very weak board of directors that 1- Allowed too many former major oil company senior leaders to be hired. This changed the culture into a majorly inefficient oil company. 2- Approved the over valuing of too many... — read more
Good? Bad? What you expected?
https://investor.apacorp.com/news-releases/news-release-details/dave-stover-appointed-apa-corporation-board-directors Dear APA shareholders, be concerned.
Considering how terrible the management is, the situation at Noble is not so bad. Since Noble has the worst management of all the companies I’ve worked for before, everything could have been a lot worse here. They have more luck than brains. — read more
What can you say about such a lost opportunity? Chevron acquired Noble in October 2020. The price of crude oil was $40/BBL. It has only been a year and a half and the price of oil has gone up 300%. Since the close date the price of oil has... — read more
How many millions of dollars were the Noble executives paid to sell out at the absolute bottom? Noble Energy was a going concern for 100 years and a few id--ts at the top sold it out for a short term personal gain. Criminal.
DS must stand for d-mbshit.
Everyone knows the oil business is cyclical. Couldn't Noble's management have ridden out the low prices for a few more months? Unbelievable.
Talk about completely missing the market and selling out at the absolute bottom.
Oil hit a five year high. Since Noble was sold, the price of oil has consistently gone up. They ran the divestiture price file at $50 flat. In order to make money you buy low and sell high, not vice versa. Terrible business decision.
Thoughts ? Red flags?
For the ones that made it over to Chevron. How did the transition go?
I remember working as accountant in midstream for Noble. Looking at the price of oil right now, Noble sold the company on huge discount. The company would have ki---d with Oil being $78 barrel. Best company I ever worked for, but the d-mbest... — read more
"This disconnect between the political desire for less fossil fuels and the global hunger for fossil fuels could drive the price of oil up to $100" says OiIprice.com. We are experiencing supply chain shortages everywhere and now it looks like an oil... — read more
Does anyone have any information about Arne Johnson?
The price of oil keeps going up. Natural gas is almost $6. Hindsight being 20/20 shows the selling of Noble Energy was the worst decision anyone could have made, unless you were able to personally profit from the deal.
Does anyone have information about what is going to happen to Noble's two buildings? There were rumors that Noble 1 was up for sale but now it's not, and that Noble 2 was being marketed for sublease...but now it's not. Are people coming back? Is... — read more
Less than a year after the acquisition of Noble by Chevron and oil and gas prices up strongly. Noble stock would have clearly outperformed Chevron stock. It was a bad deal for Noble shareholders. Where is the justice?
I'm hoping that the next round of cuts includes my name. Walking aways with severance would be perfect right now. Getting out of this toxic environment full of dirty politics and good-for-nothing managers who think yelling 24/7 is a good leadership... — read more
Does this mean we're safe?
Only a handful of Noble Eagle Ford employees were offered a Chervon position. Many are concerned Chevron will sell these assets. Anyone heard anything?
What bothers me the most is that Noble no longer has any vision without which the situation can only get worse. Management seems pretty clueless to me. I used to be proud to work in this company, but now I no longer have any motivation for work. If... — read more
When will Noble send out the IRS tax form W-2's to everyone?
DS ran Noble's forward looking economics at $50 flat. Looks like that was a pessimistic assumption. Of course, what he was really trying to do was sell out and cash in. Only thinking of himself and not the company or the employees. He made the... — read more
After ~7 months of layoffs how many have moved on from the industry? By choice or necessity?
Dont forget about the kitchen staff, building maintenance, janitors, security, gym staff. We lost our jobs too.
The most destructive, self centered and corrosive SVP’s were let go Monday. RC and CM constantly put their teams down, publicly humiliated them and then expected high performance. You came here with the intent of getting a Change of Control payment... — read more
The writing is on the wall, more cuts ahead. Many were told they were safe but weren’t given a job offer. Still in limbo wondering what’s going on.
there are so many things that are disappointing about the destruction of what used to be a good solid company at one time. I think one of the more disappointing things will be the inevitable lack of comments on this page, about a company that no... — read more
I heard a lot of people were asked to move more than 50 miles from there current location to stay employed. They had until today to accept the job or take COC.
I was laid of July 10 2020, in my severance package paperwork it lists all positions with age of person. An X placed next to those that were severed. I counted 990 people kept on the Noble staff by tallying up those without an X. So therefore if it... — read more
So Chevron owns everything Noble except West Africa? Apparently West Africa is still independently Noble and everyone seems to have forgotten about it. There is a handful of Noble employees and contractors just working day in day out like nothing... — read more
Seems like most of the bloodbath is behind us. Quite a few surprises in my team. Anyone hear about final numbers?
So when are contractors supposed to hear what our status is?
Link below... how many jobs would be cut in Colorado. Reuters first reported the companywide layoffs, with more than 700 reported in Noble's headquarters in Houston. http://www.1310kfka.com/news/10/noble-energy-layoffs-in-colorado/ ... — read more
Thank you to stover and smolik for running noble into the ground, cutting 25% of staff a week before chevron purchase announcement. I guess they had to find a source of money to fill their wheelbarrows.
Job with Chev, b. Temporary job ends mm/yy and c. No job sever date mm/yy. Include Group/state or BU if you can Hoping 75 percent of employees are still standing!
That's a shame.