And how?
31 replies (most recent on top)
Management and employees, if they are smart, will always sell company stock and diversify. This avoids the Enron scenario where one is out of a job and broke at the same time. Makes no difference what you think the stock will do going forward.
understand that mgmt will have to sell their shares sometimes for personal commitments but if you have faith in the future of the company, what will you do?
the recent insider share transactions should give us a good reflection on what mgmt think or feel abt chevron's future
https://www.nasdaq.com/market-activity/stocks/cvx/insider-activity
https://finance.yahoo.com/quote/CVX/insider-transactions/
https://www.marketbeat.com/stocks/NYSE/CVX/insider-trades/
https://www.secform4.com/insider-trading/93410.htm
One thing I know is JG really knows how to toss some fatoush and massage the gyro meat.
Chevron is really in trouble, and has maybe 10-15 years of legacy production before it's going to go into a tailspin: 1) It just retired an entire generation of proven oil finders and producers. 2) No one bothered to ask these people on the way out how they did their job. 3) The current Exploration management and their advisors have never discovered a drop of oil, compounded with a very weak portfolio. 4) Our Permian asset depends on winging it and a lot of guessing; their "luck" will run out by the end of the decade. 5) Our largest commercial assets are weighed down by merry-go-round high-p-t management and massive cost overruns. 6) Chevron is now enamored with trendy project management techniques. 7) It is distracted from its core business by trendy social engineering. 8) Its new generation of technical managers are fascinated with computer wizardry, sold to us by has-beens Schlumberger and Microsoft. 9) Expect the stockholder terrorists who got to Exxon this year to have Chevron in their sights in the next year or two. 10) ...and the biggest elephant in the room, the impending 'green transition', is something Chevron is almost completely unprepared for, instead making only token and symbolic efforts.
More likely the cost of carbon credits in ten years will exceed the cash flow of the projects, forcing shut down.
Post ID: @2xul+1c25yVXe
Thanks for a good laugh.
LNG creation is the most energy intensive and polluting activity Chevron or any energy company does. It will have to be shut down within ten years unless all emissions can be captured and CO2 disposed, which would cost so much as to make it unfeasible. Thus, Gorgon and Wheatstone will be shut down and written off 50 years early.
Hey hey Hey nothing wrong with giving that slab of brisket a good rubbing
JG doesn't beat the competition, just his worker bees.
- ...and his meat off campus....
How do you think countries like The Netherlands meet their Paris Agreement numbers? Its not through reducing CO2, its about the offsets. Not one country is actually reducing CO2.
As far as "our children" are concerned. They need access to affordable and reliable energy, that's what Chevron delivers. Forget the 0.000094 mole fraction increase in CO2 since 1960 (according to NASA), this is not influencing anything.
None of your points create any positive cash flow so I don't care.
Been seeing a lot of requests and clarifications with respect to using offsets to be able to continually vent co2 from gorgon coming through corp here... One of my colleagues calculated that there are not enough offsets in this world to be able to offset these Gorgon co2 emissions. I do love this company but there comes a point of placing value of returns over greater good and for the future of our children
Did you know, they are replacing some lights out at Gorgon for a cost of $1.2million give or take which will reduce carbon emissions by 3100 tonnes over FIVE YEARS. This has been paraded all over workplace #woohoo #gochevron
Did you also know that Gorgon is venting 100kgs of co2, that is 8500 tonnes A DAY.
let that sink in.
The completion is increasingly focused on the energy transition. Chevron is a very slow follower on this so doom may lie ahead.
Yes….the biggest loser. How?
#1 in the following areas:: INSPIRE to mislead, confuse and demotivate the majority of employee masses, GROW In process inefficiencies, digital transformation, diversity and inclusion and all other meaningless initiatives, poor costly partnerships with vendors like Schlumberger and worthlessness, and ALIGN with the winds of the market and industry alternate fuels trend… Who seriously can compete with us?
Or want to for that matter?
ESG expenditures are not material to Chevron and they add nothing material to earnings. This is a distraction. It reminds me of the Digital Office that MP ran which added nothing, but the actual cost was less than100 million$, but the failed effort consumed people's time which had a bigger negative influence that the actual cost. 100 out of about 10,000 is 1% of cost.
Gorgon is not a matieral issue either. the 73 million $ "fine" is 8/8, so Chevron share is not relevant.
Can we grow the R&R, can we Tengiz concession extension done in the next few years, these are the important questions that JJ and KC certainly must know the answers to.
"the chevron processes will only hold us back from beating the competition" IF we do not apply them correctly; including the decision making process. We do this incorrectly, sure we suffer.
We'll find out Friday morning!
Face to face, we can win together.
I sure miss the Hawaii refinery. That was a sweet gig!!
Richmond
El Segundo
Pasadena
Pascagoula
Sprc
src
gsc
one of these refineries got to go soon
At least we are currently better than Shell. That is not a compliment. It just shows how far you can fall when you completely cave into the ESG fantasy. At this rate CVX can't be too far behind. We just need the suffocatingly slow corporate decision processes to do their thing and we will likely join Shell and others proudly rearranging chairs on the Titanic....
Simple, lower carbon and higher returns, said no one ever
Beating the competition in a dying industry that falls farther out of investor favor daily? So what?
Not with the current company focus. People with proven ability to deliver results and drive organizations to be the best in industry were driven out of the company over the last 18 months. Most of their replacements got to their positions by focussing on soft issues or networks and in almost all cases clearly don't have the technical depth or passion to to drive performance. Much easier to measure how many CDP's they have done than how we improve well performance to be the best. Their predecessors could do both. I am in MCBU but have heard it's a similar story across multiple BU's. Profits drive value.
Simple answer is no. They’re more focused on social engineering than company performance.
Not while we're focused on acting woke, launching digital projects that tie up resources but don't solve problems, running everything in an agile fashion, taking orders from consulting firms... anything but the actual business. No way to win that way.
There’s only so much profitable shale oil. Everything on earth is finite or becomes not worth pursuing.
Wall Street is plenty stupid, else they wouldn’t have burned billions of investor dollars chasing the fools gold of shale oil.
The competitors are floundering. As management continues to bleat, “being the best house in a terrible neighborhood is a dubious achievement”.
no 1fuo - the fish rots from the head down.
watch what happens on friday when that ugly mug tries to explain "let volume growth be an outcome, not a goal".
wall street's not stupid - they can smell bull$hit a mile away.
esg doesn't matter to the pros - you're an id--t.
what matter is GROWTH, and we shall see this friday - capisce ?
hey bod - you don't care about shareholders, we know that.
have a nice day.
very difficult with ESG high on the agenda while still carry on the daily business to generate cashflow for dividends, reduce our debt and settle the mounting problems in Gorgon
will be more prudent and selective in where we put our money to position ourselves going forward but the chevron processes will only hold us back from beating the competition