Thread regarding Chevron Corp. layoffs

Very true, The Chairman, sir!

Hopefully those pompous terds in the Ivory Towers in Houston and those in San Ramon can do lots more windsurfing on Cottlesloe beach in Perth. I hear Australia waters have many Great White sharks.

So, what, exactly, are those folks doing in the ivory towers in downtown Houston? I can tell you, because I'm there. They are traveling the world, skateboarding down Ipanema beach in Rio, touring castles in Scotland, playing golf in Malongo, screwing hookers in Bangkok and Jakarta, windsurfing on Cottlesloe beach in Perth, sunbathing in the south of France, and, and, .....and....wait. Maybe I shouldn't say too much here.... hehehe

@"The Help @ GOMBU DRILLING" - you nailed it

Anonn 933 First thanks for your comment. Anon 948 expressed well what we were briefly saying. )sorry to Red).Let me )Green it up ) When oil is at 120 you are making money.Big Money! This lead to less efficancy drilling and watching dollars instead of pennies.So with this large wad of cash you take big risks with retained earnings.

This spending leads to a high capital outlay. So high in fact we cant retire the debt.and the lack of cashflow is killing us so bad we have to sell our unleveraged assets.

Even if oil goes way up,we still have to retire the debt with less people and leases.

Anon161933, I think he means that if oil went back to $120/barrel on Monday, the company will still have the same underlaying problems that are in the foreground today. In the hayday of $120 oil we did well in spite of ourselves. Now that oil is in the $40's our baggage is exposed for all to clearly see. I think thats the point @The Help is making... but I'll let him chime in if he wants too.

@TheHelp - Please explain why would we have problems at $120/barrel? At that point, we are printing money dude

You seem unable to understand the importance of proper spelling when attempting to frame a sentence. All big problems start somewhere.....just saying.

That is what the processes are for . Don't they work? I thought they were supposed to be like magic. Maybe we need more, maybe that is what the problem is. We simply need more, then we will arrive as a company. And hey, if 1 is good, just add 1 more and that is twice as good! Then another, and another, and 1 more bbs, and keep going, the possibilities are endless. My god, we will be unstoppable!!! Whooo. Whooo, just like a train.

161631 you are correct

Many overt and subtle things from inside and out of Chevron brought us to our current situation. Complacency, procrastination, ineptness, and unproductive social experiments is what really did us in.

What really hurt chevron was that period of time when they stopped hiring people in the 90a. The only movement was from within as they were not going to add to headcount no matter what, they used contractors fot everything. Consequently, that was when a lot of incompetent people worked their way up the food chain where they remain today.

Anonymous150497

Our current CEO and his predecessor have NO international experience, a situation unheard of amongst our peers. Existing solely within the ivory towers of San Ramon does not equip you to run a diverse international business empire such as Chevron.