Chevron is not very good at communicating. Every BU/project/function will see a 25% cut via a ROM in 6 months. Everyone....no exceptions. There will be no fall or spring PDC. Actually no planned PDC for 2016 and 2017 as round two of this ROM is starting again where it started last fall in AMBU. CBU was second up and after AMBU and they too are in for round two. Both are slated for a LARGE cut in January and February of next year. CBU will suspend it's Fox Creek work and go to an NOJV. AMBU is merging with MCBU and will NOJV the Marcellus work. Small staff is slated for Pittsburgh as they move a slated few to Midland (mainly D&C). Houston/San Ramon is slated for round 2 May and June of next year. Looking further to consolidate corporate functions. GOMBU, MCBU, SASBU etc. Will all be slated for a second layoff but they got to get the first over in the next 6 months. The plan is after the initial ROM it takes several months for things to fall into place. The ROM shakes up EVERYTHING and employees along with management has to figure out the new organization. This takes 6 months. Once the dust settles they can further reduce. Also you we see target specific layoffs. THIS IS AN EXAMPLE......please don't take this as fact. GOMBU after ROM sees several HES inefficiencies with head count. They will whack that group. They are not waiting for second ROM. If you know anyone in AMBU or CBU call up and ask if targeted layoffs are occurring. They either started last week or this week. All of this being said, do not take this personal. It's dysfunctional and I am seeing some of the best employees getting shit canneded. There really is no rhyme or reason. Also they are moving all expats ( for the most part). Because of the 25% reduction there are no jobs when they return. They move you home and your considered layed off. So your superman or woman.....does not matter your toast, not because of anything you did right or wrong but it's all timing of the circumstances. Chevron leadership reading this board better know this information and share it.......as people like myself will post it. The days of hide to bide and shake and bake will be exposed. Welcome to the internet and 2015. And to the leadership. If you start to be ORGANIZED, transparent and honest, people will except it.....it's the deceit that pisses people off. Good luck to all.....in closing ROM1 (Project Alpha) had no change in leadership. If this was a football team my analogy is we are the Redskins. The ownership is not blaming the front office(ROM1) they blaming the coaches(ROM2) for poor performance. As the front office saw no meaningful change in ROM1.....same people in charge.
22 replies (most recent on top)
@146584... Why would any full time positions go to college hires who never interned with CVX? There are only a few positions shouldn't we fill them with people we have looked at at worked with and ranked? Seems illogical and unfair to the interns. It's comparable to letting someone from shell post for your job in the PDC.
Thanks for the positive replies. Now is that so hard. Chevron should cut and paste that post...get someone with better writing skills than myself and send it out! How fing ignorant can you be to not even explaine something so simple. Here is another nugget, and I am not sure many understand this....BCG is running this. Your VP at the BU is not only not in charge he has minimal influence with the ORG charts. Now what is in the influence of the BU/function/VP is who they pick for the 25% less jobs. As much bashing of BCGthat goes on, and I will say it is warranted, BCG was very vocal on using the "Exxon Model". A ranking system to fill the org chart consisting of two parts. First part is employees experience and education. Tust but verify and names are removed from your GO-400. Second part to rank is how well does employee execute results. They go to your customer base. If your SC they go to the contract owners. HES they go to the field and ask the contractors, IT they go to you. Do you see why we did not follow BCGs hard sale. First I don't think we have the ability to rank the longest to shortest days of the year(plus many leaders do not have the expected educational background) and secondly do you know how dam bad leadership would look if we took a true temp of the customer base? Oh the "Exxon Model" was shot down so dam fast.....so there was a compromise. Let BCG reorganization the entire company( with the percentage decrease in employees given to them by Chevron) and then we will let Chevrons leadership fill in the box's. Under this system you will have 3 examples by October AMBU, CBU and project Alpha. The two that already went down are beyond bad Not so much the reorganization Two BY' s went to project performance teams for tighter accountability) but the leaders filling the charts in with there buddies. In AMBU CBU and ROM1 project Alpha no leadership changes! See nobody tales you that do they. I mean no changes. What a great scam....blame our failures on the market and keep your jobs and take it out on Middle management and below. Now I am one of the few that believes oil prices go back to 70-80 in 12 months. I could bore you with my logic but I won't. So I think bleeding stops next fall. The second round is all based on price of oil. If it's at 45 it fluctuates by BU and function but the average at P 45 for round 2 has been 15%. Again they have to wait foe 6 months to let the new org chart get maturity...fancy way to say....so people know what the f they are supposed to do. Now they did not run below 45. Or should I say I have not seen any future projections based on anything below 45. How they do this is a matrix. Chevron knows it's expenses both fixed and variable (they have payroll seperate and it can be variable by shit canning people) and net income/cash flow. They have constants (things that they won't change, like the dividend and of course fixed expenses). I have seen different numbers on her but Chevron uses 350 million a quarter/1.2 billion a year for every dollar change in oil price. SO ITS PLUG AND CHUG AND CHEVRON KNOWS EXACTLY HOW MUCH PAYROLL THEY WILL CUT DOWN TO THE DOLLAR BY OIL PRICE. Now you know more than your boss or bosses boss...
This is a very informative post - thank you! Any feel for BU reductions in the 2016 2nd ROM?
Are we looking at 10% depending current economic conditions or greater bringing the total to > 35%
So I am glad I read this tonight. I have a friend that got moved and they even gave her the relocation agreement in the ROM information session.....before the actual process. She had no problem getting canned. But when she said how do you do the relocation. The Chevron BU said....We have changed are mind we are not offering it???????? People made the decision to be left standing to get back home...they lose their job and then they lose the move back. WTF? I think it would be efficient to have all of the folks that got fed and will get fed to pool together for that move that was a exhibit in your contract......I just don't know how folks would meet up. Maybe a Chevron Way to get F***ed in the ass meet and greet at Applebees? Oh and I worked with Fat Bastard. Mean ignorant and crazy. He talks to himself....like he really carries on a conversation with himself. Fat Bastard had me peering my pants.
Yes severance is for all Chevron employees. Many say as it gets worse they won't have the cash to pay. I do not believe this. They will pay severance imo. I have not heard anything to the contrary. In Chevron the Earthquake starts with a rumble. No leaks of pulling severance. I will say this for domestic employees. Chevron has pulled the 24 month if you get shit canned relo package. That is a fact! I will also say that they know it's binding and they are on the hook for it. I did hear rumblings all the way in the fall that the shake and Bake excuse is it is not a corporate policy but left up to the BU. So do not fall for the Chevron head fake. It was part of the relocation contract!
Are expats returning home without jobs receiving severence?
First things first. Where is your shitter? I have a turtle head poking out! Of course it's Mark "Fat Bastard" Lombardi. And yes he got promoted.
Sweet Baby Jesus I hope by Fat Bastard your not referring to Mark Lombardi. If he is still employed at Chevron I truly give up! There is no way in he'll he can still be here? Please tell me it is not that ass hole......
Correct on CBU. When Apache pulled out shortly thereafter Chevron cancelled large well program. No way they build LNG plant now. But it's a sad statement that we could not drill those wells alone, we had to rely on Apache. To add insult to injury we inherited the completions manager from AMBU. His attitude is horrendous only to be outdone by his performance. So he gets promoted to CBU?????? I think the guy is stressed. He was a buck eighty now he can be a body double for Fat Bastard. Ladies and gentlemen this ROM in no way is about fixing anything. It's about slicing 1 out of 4 people. It was the politically connected that survived not the hard working honest ones......
CBU just finished it's ROM yesterday. I haven't seen exact numbers of people let go but it appears to be somewhere between 20-30%. Expats under the assumption that they'll be heading home within 6 months, likely to limited or no jobs. Potential for a few of the CBU assets to go NOJV, be put on hold, or sold. New president starting next week is a finance guy, which makes people nervous.
This is BY FAR the best post on this board so far. So true, thank you the poster, whoever you are, you said it as it is. Also, I liked this as it is so true: "The days of hide to bide and shake and bake will be exposed. Welcome to the internet and 2015. "
There are about 15 positions avialable for college petroleum engineering hires for 2016. This includes all of CNAEP and ETC. Previous interns will get some and the remainder will go to new college hires. There are also slots for ES, D&C, and FE. Their numbers are not high either.
On the intern subject... 20% of interns are slated to get offers from my department. That means one 1 and one 2+. Very competitive year. Mentors called it Hunger Games.
Informative post! Thank you for re-posting. Any news on GOMBU-DWEP possibly merging?
Any word about SJVBU? Are they safe?
Can you define slim? She was told they will only be hiring 1s and 2+?
I was told that they will honor past promised positions for full time work from last summers intern pool. ONLY if they have already been offered. To receive an offer now will be slim. They Will continue to hire VERY slowly and internships will be extremely slim pickings but they don't want to hurt themselves for the future. We are honoring my interns job offer from the summer. He was offered in July
Great post . Any news on a hiring of interns ? What will CVX do with the interns who are looking for full time jobs ? I was a mentor this summer and my intern just left last Friday. She had a lot of questions and was very confused and concerned about the future. From what I understand chevron told them they pushed back their PDC until October.
If ambu is rommed and our jobs go to mcbu or nojv:
-
Will we be in a combined rom with mcbu?
-
Will ambu rom be only for nojv jobs?
-
If you turn down a mcbu job do you forfeit severence or will they try to avoid relocation since mcbu is also in the hunger game?
YES, EXCELLENT POST!!! CAN YOU BE MY BOSS!! Thank you for posting. I can confirm targeted layoffs at AMBU Friday and Monday (Exactly as the OP said). They were told there job is eliminated at AMBU and must be part of project Alpha ROM2 (which means they are not getting a job). I can also confirm meetings about outsourcing major functions at AMBU which leads in only one direction NOJV. I can also confirm that the majority of expats are going back jobless. A few technical positions are still here mainly moved to Houston. I also want to add there are no jobs to go back to anywhere. I will most likely be cut at AMBU this winter for second ROM. I have 30 years of great contacts.....great people! They all basically said, "Sorry, there is no hiring. We can't justify bringing in anyone with a 25% reduction." So my career will end most likely this winter.
WOW I am glad someone put down the truth. I know for a fact that half of this is true. It reads EXACTLY to what I know. So this is coming from a person that is in the know. This is what this board is intended for imo. Share the info that Chevron won't.
What a great post! I dont know where you work but i wish we had more hands like yourself. If David Payne had your insight and balls drilling could contribute more