Thread regarding Chevron Corp. layoffs

Opinion (based on 36 years of experiene): It's coming, brace for impact

A - We will do Furloughs
B - We will also have layoffs
C - A&B will happen fast
D - The demand drop mess will not clear fast
E - National fiscal and monetary mistakes are piling up, structural issues emerge
F - This will take a decade or two to heal
G - Chinese Virus changed our lives forever, we need to accpit it and start adopting ASAP

GODSPEED!

Comment! It's anonymous!

6 replies (most recent on top)

Wow. The OP is clairvoyant. Mike Wirth's email says it all.

Tough times ahead if oil gets into teens. At least Saudis and Russians will feel the pain too.

No furloughs. Just layoffs. If rehire is necessary, it will be as a contractor.

Yes, there will be layoffs as previously announced. It will take 6 months for oil demand-supply to come to an improved balance— crude to $40/bbl soon enough. That 9.3% yield on CVX stock should attract some investors soon It's a quagmire right now but...as a friend told me "our fathers fought wars in foreign lands, the least we can do is buck up under self-quarantine, hold steady on portfolio investments and wait this COVID-19 virus out".

Here's to reading books during self-isolation

Agree with your assessment.

a fairly dim outlook

Thread regarding Chevron Corp. layoffs

6 replies (most recent on top)

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