Here are mine:
Having contributed to the destruction of a once great company RM will choose to retire mid year.
Moving to a well known social media empire to wreek more destruction on a wider scale.
The major engineering and design companies have been outsourcing for years. It all sounds great on paper but there is an issue with quality control and a lack of experience. There is also a delay in getting questions answered and then incorporated into the designs. A plum assignment is an overseas gig at one of these sites. Unfortunately, the people who get these jobs are friends and family or useless HiPots who sit around doing nothing. I've been overseas and witnessed what goes on. They work needs to be checked carefully.
Is it really a good idea to outsource to a country that's not really our friend? If the US loses its technical advantage sending everything to India we will be hurt in the long run. Also worker quality in India is poor much of the time. Bad idea if it happens.
@2wkj GOM? lmaoooooo
Outsourcing will be HUGE this year. Major reductions in CTC that will outsource subsurface work to India. BP, Shell, Exxon have already outsourced a lot of their technical work to cheaper places. Chevron will follow forth
Record profits on rising oil prices (despite productivity declines), continued aggressive stock buybacks to raise the stock price, and another low CIP due to (add any bull$hit reason you like here)
CBU could turn into a purely non operated JV again like it was previously before the Duvernay project…there are always rumours of the Duvernay being sold but the LT continues to deny it with the caveat statement that “everything is for sale”
CBU will be wound down. Bakken sold. Start of the HQ move?
We will close down at least two BUs. Probably GOM and CBU.
Man you guys are no fun…I’m surprised no DEI complaints or other subtle white fragility didn’t make it into this post
We buy BP at a fire-sale price, and the brass all celebrate our fantastic growth in booked reserves with huge management bonuses. Next year someone actually calculates the depth of our new pension obligations and a huge layoff ensues.
@1tyw The same reason we all do - that sweet paycheck. I’m just not blinded enough by it to not see what’s going on. And truthfully I don’t plan on being here in 18months if things don’t improve. Life is too short to work at such a dysfunctional narcissistic playground. But a good exit strategy takes time and planning, and until then just keep my head down, coffee badge, and cash checks
CTC to be cut by end of the year. Company continues to su-k.
On retrospect, getting laid off in 2016 and soon thereafter realizing I was all along able to retire financially well after 33 years was a blessing.
Hess acquisition is about long term returns from Guyana (and Suriname by extension), which will pay off well far into the future. The other Hess assets are of minimal value and will slowly be divested.
Why would you work somewhere if you're not optimistic about it?
That is so silly, you're only wasting your life.
I don't where this idea that your job is holding you hostage came from.
You can choose something different.
CTC disintegrated to BUs by year-end.
I predict a massive re-organization. This allows management to combine and/or eliminate jobs. Don't like your new job? Too bad. You can quit or go through the PDC. The PDC won't have anything for you in two cycles and you're out. No package.
It all depends on how thing pan out in the middle east and how the was in Ukraine progresses. It could save Chevron for another few years or reveal the rotten decay structure even more to the na--d eyes.
Show me a factual reason for optimism, not corporate koolaid and cope. And even the top brass know it - this the infamous “do better” email.
But no - we’re all so fat from su-kling the golden teet, it’s far easier to live in delusion than face reality. We need to honest with ourselves about how things are working here (and stop blaming dei for all our problems. Those are symptoms not the disease).
very optimistic!