Thread regarding Chevron Corp. layoffs

It's pretty much a done deal.

Go to Reddit.com for more information on Chevron and layoffs. I think the discussion will be more accurate and honest than this site because members need to register on Reddit to post comments, although some profiles are fake ones.

That's true, @2knb, I though this was supposed to be such a site as well. This seems to be more of a BS forum with fake preposterous posts and suggestions and douchebags like @2heh whining like little girls about nothing. lol!

The argument against renewables is always ROI... Yet our ROCE I'd one of the lowest in the S&P.

@2knb, please stop the whining. If a certain thread doesn't meet your interest criteria, DON'T OPEN IT!!!!

It would not be in XOMs best interest to merge with CVX. The corporate cultures are too different. Any merger would resemble CVXs merger with Texaco.

An XOM buyout would make sense when CVX goes insolvent. XOM is very prudent with their money and wont want an unreasonable amount of debt.

I heard that there was a site somewhere with a forum for layoff related topics. Does anyone know if such a site exists? I assumed that would be of paramount importance to Chevron employees since Chevron is facing layoffs.

OXY is poison because of their debit load. It would be stupid to buy them at any price. If they go to chapter 11, default on their debit obligations, and start selling assets in a liquification then sure, Chevron should jump in to buy some nice bits.

Would actually make a lot of business sense. Minimal antitrust divestitures, a refinery or two, marketing isn't an issue anymore like it was 30 years ago. Still these are huge corporations with a million moving parts, but, on efficiencies and write offs alone you need to give it a medium probability.

I'm not so sure Exxon and Chevron can sufficiently transform to survive as predominantly energy companies anywhere near their current market caps in the mid- to long-term future. With the advent of more efficient renewable energy capture and storage technologies, energy production likely will be democratized such that a relative handful of corporations will no longer have monopolistic control over the energy market.

Chevron and Exxon will likely be the last two standing in America as the oil industry transforms into other sources of energy. However, don't count the large integrated energy companies out of future energy plays. They have billions to invest and deep political ties to decision makers wield substantial influence own their own. Innovative ideas often come their way looking for funding. If the right invention/idea gets reviewed and passes the profitability test, the likes of XOM and CVX could invest massive capital in true energy transformation. Energy corporations will look to thrive in any energy marketplace which delivers ROI. Its Just that to date nothing competes will their current business model for profitability; however, as we see today the times are changing.

I cant see that happening but I do see allot of transformation coming within US oil industry, such as, consolidation. I believe, in the next 20 years, the US will end up with only 3 maybe 4 oil companies and then 2 after that. The political pressure to end fossil fuels in the USA and the manipulation of the commodities will definitely drive away suppliers and users. Who wants to invest in a dieing industry, especially one that is being politicized.

I was thinking a Chevron-Microsoft merger. We are a tech company, folks! (joke)

The idea that you could essentially put Standard Oil back together strains credulity. A) you could never sell it in Washington; and B) if you did miraculously sell it to Congress, you’d soon wish you hadn’t because the combined entity would soon become the biggest lightning rod in the history of mankind.

High degree of possibility. Portfolios match up well, with each filling the others gaps. The divestitures would be large, but not unsurmountable, the efficiencies would make it a certainty if they even started discussions and exploration on it. I'd agree with the High Probability assessment.

Better chance of bp/cvx. Cop and cvx could be another option.

Anything is possible right now, anything.

Integration of two such different corporate cultures rules this possibility out, aside from the huge antitrust concerns such a merger would create.

The naysayers will have a Paradigm Shift in their understanding the day XOM and CVX announce their merger plans. It won’t be an acquisition, but a mutually agreeable merger.

More like nationalization of all oil companies

BP and Shell merger
Total and Eni merger

Yawn.. Come up with something original next time, troll.

People are really reaching now!

This is really stupid. A total garbage post.