Thread regarding Chevron Corp. layoffs

Headline News - April 6, 2016: Chevron's $3 bln Asian geothermal assets to draw global suitors-sources. Bids due later this month.

Here we are selling more assets to pay for this unsustainable dividend. Buy your Chevron memorabilia while there's still something to remember, folks. JW and his band of fools are bringing our great company down with each passing week.

@3mtx, I thought you had the wrong figure for the S&P 500. Why don't you check out www.csimarkets.com. You likely confused the Quick Ratio (0.54) with the Debt to Equity Ratio (0.15). These were the ratios are for the 4Q2015. The quarterly rate for 1Q2016 should be posted soon. These stats should also be available in many other authoritative finance sites as well.

@2pia - Charles Schwab, either it changed with this being Monday morning or I misread the it. Shows 45% now.

@2ihj, please cite where you found the S&P 500 Debt to Equity Ratio being 50%. That percentage sounds extremely high and bogus to me. Thanks.

Interesting...

Chevron's Debt to Equity ratio is 20%.

Exxon's is 18%.

S&P 500 is 50%.

This thread is becoming a hit with the asshurt deadwood types. That's nice. You guys are bonding with your butthurt brethren in time for the upcoming Wood chopping Fest. Awesome!!

-2alj - what does that make you, with your juvenile post? Also her second post about acronyms is correct. At least she is adding a little knowledge to these boards, something it lacks.

Correction... @2apo = Immature simpleton with no woman. Now that's sad.

@2apo = Immature Simpleton.

I apologize. ROTFL, LOL, BTW, FWIW, YMMV etc. are NOT, have never been and never will be acronyms.

Ignorance is contagious on this board....... LOL!

I always read people by what acronyms they use. I can tell what PSG they are, what they earn, what their approximate net worth is, how successful they are in the market, and their luck with women. That's a big "tip off" for me. ROTFLMMFAOBOAY!!!!!!!!!!!!

Which is why you'll never be more than a PSG 21 on 2 South

Better than listening to @2wfp, he who flies through life and career by the seat of his pants. I'll take the advise of experts every time. What a troll.

jdm and others go ahead and do research with the experts, the same experts who predicted $200 a bbl oil right about now.

The jerk who always uses the acronym, ROTFLMAO is about as ridiculous as they come. He does know any successful person in his life. He just lashes out at others who have past him by light years. Sad loser. I know how to read people by what they saw and how they write. The "ROTFLMAO" bit was the first tip off.

Plenty of Butthurt deadwood losers on this thread. Making up stories of making millions and everything else just to try to piss their coworkers off. Gosh, people. Give it up. You will be gone in a few months. Enjoy your last few days with the people that you love. Or love to hate. Whatever.

@GHRWhRT-2xwx, I'm not the poster who asked you, but you really sound believable there, guy~~

ROTFLMAO!!!!! I know plenty of successful people in investing and many other walks of life and you're not one of them nor do any of them have your demeanor. I take it you are not in that group. You gave yourself away already .

Also - Please save the snappy comeback for someone who will believe your BS.

And no. people don't "envy" you and are not "jealous" of bullshItters. They pity them.

@1wwx, you want my truthful explanation? I made over $1MM trading in and out of CVX throughout my 19-year career at Chevron. I'm still with the company and not close to wanting to retire. Right now I own no Chevron stock. I have no intention right now to get in. The dividend will be lowered and CVX will take a hit. Maybe then, after the next big drop, I'll rake in another short term haul. For those who are already ahead, having held CVX, get out now.

@-1jdm No, we don't want "analysis and reporting by financial experts who have tracked the industry for years" , just a little truthful explanation from you about why the dividend is unsustainable without any insults. Give us the cliff notes. No one really shot you down. A few posters cited some possible reasoning on how the dividend could potentially be maintainable. Anyone with interest in Chevron, with or without stock,(retirement plans depend on it) with or without a job, would like to hear & post good news if they aren't just mean people, but we understand that all news is not good.

We'll let you off easy..... Just debate those points. Shoot them down.

Go ahead people, keep singing the song that the current dividend yield is doable, even down to $20 oil. So laughable. I don't need to explain myself here on this site. That would take up too much text for a forum like this. You want facts, read reliable analysis and reporting by financial experts who have tracked the industry for years. Have Internet? Use it.

cutting dividends lower stock prices which in turn will affect refinancing and borrowing costs for years to come, easier to cut employees first

zog is spot on, with Chevron's production each dollar increase in the price of oil brings in right at a billion dollars of clear profit to the coffers. Combined with efficiency moves the dividend is in fact easy, probably down to a good bit below 20 a barrel. Not sure of the exact numbers but DFLC (Direct Field Lifting Cost) in GOM is probably in the $10-$12 range and globally probably in the $5-$6 range. couple that with between 10-15 billon bbls booked reserves and not only is the picture not nearly as gloomy as some here would paint, but is actually quite bright.

@-1qim, PLease explain your response. So far it's just a no, because I said so, and a little dig at the other poster to the effect of "I'm right and you're wrong". At least the other post references a few numbers that those who chose to can try to verify. So now, the winner is -

"Chevron can afford the dividend for at least 20 years if it cuts enough dead wood."

What you write sounds very authoritative, @1zog. But, you are very wrong. This dividend yield is killing Chevron.

Simple math, Chevron can pay dividends for 20 more years with free cash flow if it wants to. It would mean cutting drill ships etc but it's there. The problem with most who post here is that they can not comprehend those kind of numbers. 8 Billion dollars a year isn't trivial, but in this game Chevron could produce that, with booked reserved, for the next 20 years, down to right at $20 a bbl brent. Don't take my word for it, do the math, learn a bit about the industry you are speaking of.

@GHRWhRT-jvt.............................Nice! I can't top that. And I am the butthurt deadwood dude.

just sayin'......

Chevron is cutting employees not the dividend.

you are right, this board is too organized and civil to clutter it with non sense.

Hey @jfs, start your own thread about the Deepwater Horizon Movie. This thread has to do with Chevron's debt-ridden dividend. If you are a CVX employee, the dividend story is more important to your livelihood than some other company's past fiasco. We can talk about BP another day. Today, let's talk about Chevron's fiasco, which is still in the making.

WOW! I didn't know they were making a movie about it.

more importantly

https://www.youtube.com/watch?v=8yASbM8M2vg

Yes, gmx. Sell all your CVX stock. This is not going to end well.

@GHRWhRT-gsa, Enough about Wall Street in general, so do you have any specific comments about CVX as an equity?

The problem is that if they cut the dividend, everyone will sell their stock, and then things will be even worse.

Financially unsound, unsustainable, and borderline criminal if you ask me.