That corporate cards are not to be used for Ashley-Madison memberships.
14 replies (most recent on top)
D. Trump
If you work in a support business unit filled with corporate speak and DRB meetings, you may be in for a shock next week.
Back in the 80's management would call folks up to the corner office, then graciously can them. The ones in '85 were probably the worst. Took 2 days to get through all personnel. Over a 2-year period aggregate layoffs got as high as 80% in some offices.
Stock will fall below $75 a share. Chevron in 2012 began spending aggressively to grow liquids production - right at the peak of the market....again horrible decision, Chevron has spent over 88 BILLION with a market cap of 188 Billion. While this should imply incredible production growth, Chevron is actually forecasting only 0-3% growth this year. Even with higher production forecasted for 2017, cash flows seem unlikely to improve meaningfully (barring $100 oil), since production growth predominantly comes from higher-cost shale and offshore sources. Chevron has not actually grown production at all over the past 8 years. Despite spending that exorbitant 88 Billion since 2012, it will see negative ROE on that capital. Chevron is a way over levered play on oil and liquids prices (If oil stays at $50-$55 Chevron will not look the same in 2 years). The company guided back in 2011 to grow production to over 3mm BOE/ day by 2017. It made this decision at precisely the most expensive period in history to grow organically. In 2011, ROEs were 21.6%. Last year they fell to a mere 10.9%, even though oil prices were almost identical (WTI averaged $87 per barrel in 2011 and $86 in 2014). Chevron said 40% growth would be from shale. AMBU will be closed within a year, not because of poor performance that would say they actually did something. It will close because of no performance. I hope everyone knows that the ROM was so f***ed up in AMBU it killed any chance it had to survive. Chevron may succeed in growing production, but the returns will be very poor. The dividend has not been covered for 2 years now, despite very high oil prices, and cash burn over the next 2 years will continue to diminish shareholder value.
Chevron is bottoming out. The stock is in a free fall from $132 per share to $93. Billions in capitalization has been lost in one year.
LOL at Lady Geagea. This guy created this mess as stated in other posts and he got promoted in June to Executive VP. He also is the jackass the pushed for all of the strategic capital investment that is sinking Chevron. Another inbread Chevronite. He can not find his ass with both hands.....has the worse track record in the majors and gets promoted. And you think it's going to get better? This will only change when Chevron bottoms out and the shareholders force these assholes out!
I was in AMBU after the fatality. 25% of the workforce was in some phase of treating stress overload/breakdown. Most were taking some form of medication. This was truly sad. Chevron makes/forces employees to take Xanax because they are that screwed up. Those outside of Chevron would never believe 25%. Those of us in here think....wow only 25%????
Anonymous119414 you made me piss myself :-). And in your humor to soften the truth there is this irony....Chevron is accepting online applications for the position of Employee Assistance and WorkLife Services Advisor located in Houston, TX through July 23, 2015 at 11:59 p.m - See more at: http://www.rigzone.com/jobs/job_posting.asp?p_id=855309#sthash.WQQTjWiP.dpuf........
Hatchet man Joe Geagea will go home to his mini-mansion in Alamo Calif with the reassurance that he will be rewarded for stabbing his competitors in the back and cutting thousands Houston employees from the payroll. Texans paid for the "enterprise fund" given to Chevron to move Calif employees to Houston to replace Texans. Who knew?
Lady Geagea will announce that tough choices beyond his control must be made in order to respond to the market. Increased costs and fines from the city of Houston due to excessive ambulance visits at HOU140,150, 160, and especially 2AC have eaten into profit margins forcing these difficult choices. He'll also state that these are stressful times so keep an eye on your coworkers and call the employee services line which is staffed 24/7 by those in Buenos Aires and Manila.
AD2010....it made me laugh also......They have been ass raped no doubt!
BA HA HA HA HA Anonymous119062, you've been through it before!
Your manager and and HE rep will be there. They will say it is obvious we need to reorganize the business and that we are failing to achieve the needed results. In blank weeks we will release the new org charts. We assure you we will put the right people in the right spot. You can apply for 3 jobs at your PG and at one above and below your pay grade. Three in total. If you do noty get selected blank will happen. I think they will say layed off rather than left standing for the fall PDC since they are not having a PDC. Then you hang out and see the new org charts and the shitty descriptions that make no sense for the job.