Thread regarding Chevron Corp. layoffs

ptid, As you have just illustrated with that link, The world still has a firm requirement and market for consumer items that are manufactured with and from majority Hydrocarbon based products, regardless of the fuel consumed by the device. There are petroleum derivatives in almost everything we use today. As of 2014, 95% of hydrogen is made from natural gas. It can be produced using renewable sources, but that is an expensive process.

I'll be thrilled if I could move on to engineering in one of the new waves of the future in transportation, but it looks like I'm stuck here in O&G until retirement.

http://www.greencarreports.com/news/1096639_2016-toyota-mirai-hydrogen-fuel-cell-car-a-few-things-we-noticed

bjjo, I'm already in a home with nurses available. Very skilled, expensive ones (and quite attractive, I may add) , but I pay for that, prepared well for life. And have no choice, life happens. And the food selections here are awesome. Hope you don't end up in the Medicaid ward, many in your shoes do. Enjoy your steak.

You're full of baloney. You can't afford steak you numb nut so go back to your trailer and eat yesterday's leftovers.

Hey, if you prefer to stay home nibbling carrot sticks and watching Price Is Right reruns with the cat on your lap, go right ahead. Live it up, Hugh Hefner. I'll be out with Arco ampm lighting my hair on fire, eating steak, smoking cigars and chasing ladies. We will meet you at the nursing home in 30 years.

Doesn't look like an Arco Ampm Petrophysicist earns very much. Who would eat out all the time or even want to anyway? I hate eating out. And I can easily afford it. Total waste of time and money for unhealthy food, for the most part. There are healthy meals to be eaten out but that's not what one typically goes out for, face it.

Another Urban Dictionary definition of PhD - The final tier of academic excess.

B.S. = b---s---

M.S. = more sh--

Ph.D. = piled higher and deeper

The Urban Dictionary defines PhD as: Doctor of Philosophy and the highest educational degree. Typically confirmed upon those with the greatest of intellect, who, strangely enough, possess a vast reservoir of complex knowledge most suitable for the classrooms of higher education, but for reasons unknown, when placed into the real world, typically need a third hand to find their own a$$.

Peter: Wow! Professor Johnson sure was amazing in class today, wasn’t he?

Mike: Well, he does have a PHD you know.

Peter: Gosh – that explains it!

Peter: Hey – who’s that jackass that works in the mail room?

Mike: That’s Bill Johnson. He has a PHD

Peter: Well – that explains it!

People who eat out at restaurants all the time usually live a short unhealthy life and die of heart disease or diabetes by the age of 60. So much for that PhD degree.

I had a buddy who had one of the petrophysicist jobs for Arco ampm. He was loaded! Ate out for dinner all the freakin' time.

You know what “PhD” really means, right? - Phull of Dung.

The previous poster mentioned PhD's. in general, when you get your masters in Eng. you can fetch a slightly higher starting salary. Slightly. Still in line with that list below (less than, actually, since it is starting, and those are averages). Then when you get a PhD, expect no increase, unless you are applying for a management position. That's a different, altogether separate category. In general, the person with a PhD suffers with respect to monetary return on his/her education. The problem is that all those years spent doing research or head in the books are not near as valuable to your career as actual experience for say, 5 years. Expect a PhD to get roughly the same salary as someone with a Masters (Eng, not MBA) and neither to get as much as a 10 year person with a BS only and great experience/skills. I have worked with many PhD's over the years. Great folks but generally not in it for the money and aware of that. True scientist types who love what they do.

Source - 40+ years experience in O&G.

Wow those Chevron salaries are much higher than the rest of the nation. No wonder most of you are so butthurt about being let go!

Petrophysicist Salaries (Glassdoor.com, average, not "starting")

Job Title Salary

Arco AmPm Petrophysicist $133,668

Schlumberger Petrophysicist $92,789

Shell Petrophysicist $121,482

ConocoPhillips Petrophysicist $119,680

"How much does a Petrophysicist make in ?

The average Petrophysicist salary is $139,974. In , a Petrophysicist can make $152,000, which is 8.6% higher than the national median."

@9hii, Yes indeed, truer words could not be spoken. In any event, it's nice to have you come out of the closet and get with the group, where you belong - that's a first step. Don't put yourself down so harshly, though. You can pull yourself up by the bootstamps out of the depressed funk that you are in in due time. Just because you consider yourself a "loser in life" now doesn't mean that you cannot change that. Heads up my friend! Its a new day. Glass half full. Good luck to you, you sound like you need it.

All those petrophysicists are now flipping burgers for 10 bucks an hour or they're unemployed.

-9spp, I did state “only a few dozen non executives at each Chevron Business Unit make that kind of dough”. What new point are you making?

8kcj, a few years ago PhD petrophysicists right out of university were being offered starting salaries of $200,000. After a few yearly raises, they would be up to $250,000 in no time.

With every thread on this site you get an overwhelming sense that the people who post here are losers in life. They've been thrown onto the scrap heap and they kid themselves that they shouldn't be here. The reality is they messed up and just weren't good enough.

9zye here. Yes, I no longer work at Chevron, but I was a contract employee. The project I was hired to work on was completely de-funded and my contract was not renewed when it expired. It was a project funding issue, not a deadwood issue. Three other regular full time employees also were cut when the money ran out.

9zye, That is a good analysis. Of course, expect to be cut soon, if you are not already. It's inevitable for you, most losers on this site are worthless deadwood. You are no different.

9mir, Yes I'm sure it exceeds $450. But you don't know math, so leave off any letters. unless they are (BS), to indicate what your comment is.

9tek, Yes Indeed. Put your name on the top of that list and save us the trouble. Thanks!

Chevron still has alot of meaningless assets. I’d say about 25% of all personnel are meaningless, therefore expendable.

Crude oil price for WTI closed down over 3% to $49.25/barrel. It has not been able to sustain a price over $50 for this entire year. It always falls back to $47- $49. Chevron has not cut its staff enough for this price reality. When Wirth takes over early next year, expect some big changes to happen. Chevron will be out of meaningful assets to sell and continual cuts in capex will have a noticeable negative impact on future earnings. Lots of management protected personnel waste is still on the payroll.

My salary with bonuses exceeds $450k easily.

8kcj, You are correct, although my salary with bonuses exceeds that easily, I am not a Chevron employee direct, although they are one of my clients.

@8kcj I'm no longer at chevron. You are correct though, I wasn't making that much there

$250k salary. Only a few dozen non executives at each Chevron Business Unit make that kind of dough. Don’t let anyone con you saying they make that much. Once you hear that, you can write off all as BS’ers. The ones that actually do make that kind of money don’t talk about it openly, especially on sites like this one.

8lww, Good deal, that's awesome. Kudos. You'll make well more than that when you have a few years under your belt like I do, and I don't even count bonuses or matching.

@7bku so tell me where else I can work and make nearly 250k a year at 29 years old

7ido, You may have been conditioned from working within the confines of a major oil & gas corporation, but I don't know you. You have no idea how sheltered that environment is from the real world. Sure, you get a pension and decent benefits but that's all. You career is pigeon-holed into the inner workings of not only a major, but also a Single major. You would have been much better off career wise jumping around and seeing how the rest of the world operates. Or better yet, work for an engineering consulting firm that does projects outside of oil and gas, but also oil and gas. That way, during an oil & gas downturn, there's other things to do, not just in the energy sector but also in mining, manufacturing, shipping, ports, etc.

Forgive me for not describing exactly what I do. I am a low man on the totem pole for sure. That's not the point. The point is do you like what you get up to do everyday? Do you dread the commute, the 7/7, 28/28, 14/14, whatever? It's your life. Make it count. A slightly lower salary is worth a better quality of life. Most of us make way more than we need anyway.

Good point, @7ido. Maybe @7ewj is as a jack-of-all-trades (and a master of none). Indeed, there are lots of us who have become comfortable working in a particular discipline. Certain jobs in the O&G are niche positions and are not sought out in high demand outside this industry.

To 7ewj, what exactly is your job? There are many specialties within O&G, and some people here might have a very slim chance of finding employment based solely on their area of expertise and experience.

7bku, Speak for yourself only. Quite the contrary, I have a wonderful job in O&G that I love, although I am no longer with Chevron. I am not "clinging" to anything and have had many job offers outside of O&G that I turned down. I love what I do, my clients and the service that I provide which is well appreciated and respected. You need to think outside the box, expand your network and your horizons. Maybe it's only You who needs to get away from Oil & Gas? Change will do you some good. Keep your head up and keep looking. You seem depressed.

The oil industry is dying. Only those who can't do anything else are clinging on to their miserable job with low pay and no prospects. A tale of desperation, woe and sadness if ever there was one. You all can't get jobs as waiters and cleaners so what next?

Whats going on, OP? Well, Chevron has still tanked on multiple MCPs and are somehow proud of it, more fatalities due to severe incompetence from the company and they are somehow proud of it, and the same proud employees are on here attacking people who have been let go. Yep, you guessed it - they are proud of it.

5zez, Which "experts and their rally prediction"? I heard nothing of the sort. Nothing has changed. a little mid summer peak in demand and strain on the system from hurricanes. Nothing to see here. Oil is doing fine compared to a couple of years ago.

WTI will be back below $45 before the end of the year.

WTI is back below $50 again. So much for all of the 'experts' and their rally prediction.

@ozo, All states are trying to use renewables more. There are tax rebates and incentives. Basically stealing from others to make it affordable for a select few. The article titled "shift toward renewables" is a bit disingenuous as an understatement. California? Seriously? That's your example? How about the real world, where people need affordable vehicles and fuel to power them efficiently and for practical ranges and uses? You know how America eats beef? Well America also runs on crude oil and hydrocarbons, that same product which is required to produce 90+% of the products we use today. Keep dreaming. Meanwhile, find a job. Or go back to the millennial's forum.