When did strategic planning turn from actual strategic planning into sessions on figuring out how to pin this or that on someone else? Is anybody interested in coming up with new ideas and proposals that would move us forward? Or are we now stuck on making the same wrong decisions over and over again and covering our backs when the outcomes backfire?
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Everything new we try we fail at. At least we’re consistent.
"Strategic Planning" has always been a brief stop-over for high pots on their way up. It's more like a finishing school than actual business planning.
If it were up to me the strategy would be to ignore the ecosoybois and continue on as planned. Much of what they want is wishful thinking built like a house of cards. The new green deal is an absolute joke, these folks live in fantasy land. When you emerge from the Left coast and your entire vision of a green utopia is outsource the dirty energy creation to neighboring states, shut down functioning nuclear reactors (green), and push electric cars that depend on a outdated, unstable, and unreliable powergrid, then you're already steeped in delusion and cannot be told otherwise.
The fact of the matter is this line of thinking progresses because we as a nation sit in our individual Chevron silences. I'm all for building more things in the USA, it is critical to our success, but global trade is a reality, and that reality does not include shipping products on sailboats, hot air balloons, or train trestles across the pacific ocean. Millennials and zoomers can pretend that our industry is over, but this is a pretend manufacturing of decline.
there is no interest in ideas, solutions or answers. you are rewarded for
- putting together slide decks and positing what you are doing without actually doing anything
- for marketing accomplishment that didn't take place
- for lying and blaming others
- for talking without saying anything
chevron makes money in spite of itself
I read the earnings call transcript, nothing special there, the same old same old.
As to demand forecasts, the world is a state of flux and magic8 ba--s are cloudy.
Did you listen to the Q2 Analysts Conference Call? I think Jay and Pierre's comments were in alignment with what the owners, the shareholders, are wanting. You should read the transcript; faster than the podcast.
Also, the IEA currently carries a global oil demand forecast for 2026 of almost 5% higher than 5%.
Chevron needs to focus on the growing reserves and production with the same of greater margins than we are now. Is BN not aligned with this? I don't hear that.
BN in planning has been beating the drum of infinite oil demand increases for years. He gives his little song and dance that emerging economics guarantee supply shortages for decades. What a visionary. Another sidelined MCBU VP.
nobody wants to take responsibility now due to energy transition and jobs are at stake.
everyone just want to outwit outlast and outplay to see who can stay till the end of CVX while getting that fat paycheck.
you can sense across the company that although we are talking about low carbon but no actual actions are being done at ground level. everyday is business as usual. nobody wants to be the innovator and gets fired if things go wrong.