Well, we are going to have e layoffs soon if we cross the $60.
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Oh well, so much for those posters who were anticipating big raises, big promotions, and big bonuses. Take it from a grizzled veteran who has survived the last 3 layoff rounds: keep a low profile, do your job to the best of your ability, do all the corporate videos and training without complaining, and sound interested when you do your performance review.
MW and the SR gang will take any excuse whatsoever to reduce the purely O&G population in the company, especially overpaid petrotechs who are now mostly twiddling their thumbs. Look for big CTC cuts as the company rightsizes away from being an oil company.
I’m a Chevron retiree who had 29 years of service. The best time to enjoy your job and make long term plans in this industry is when oil and gas prices trade within a relatively tight band. Prices are dropping low after a fast rise. With high inflation and now seeing the beginning of an 18 month recession, you can see why energy demand and price are plummeting. Get ready for gasoline to go below $1.50 again. So glad I held on to my Tahoe and didn’t buy a Tesla or other EV. For those still working, It’s going to get bad, but it will get better by 2024 when Trump regains the Presidency. Be honest and realize it’s your only way to keeping your job. Start by throwing the Dems out in November.
With the recent (yet another) organizational restructuring taking effect October 1st. as NH so nicely eluded to in his email “more to come, early next year”. Time for more “right sizing” to be ready to “win in any environment”.
The high price of oil was just a supply chain problem caused by taking Russia out of the mix … there is a lot of excess global oil production, it just took some time for price increases to pull it on line. Oil has always been bo-m/bust… we had a bo-m so a bust can’t be far off. The current inflation is related to the rebound from pandemic lows, but I guess some have already forgotten what a mess Trump make of that whole situation. Savior my A$$!
The Green Dragon requires petroleum to fail in order to continue with the downfall of the US. Bye bye!
Really? No one at Noble talked about layoffs until we approached $50.
Not the US… root cause is China…they need to open up and demand will jump. Lets see what happens in the upcoming congress meeting.
I see the sky is falling and everything is terrible crowd is out.
Seasonal demand is going down, and there's an imminent US recession. Dust off your resume.