An article published today quoting well-known industry analyst Fadel Gheit of Oppenheimer has some tough words for Chevron. He says that the announced layoff numbers are only the "tip of the iceberg". He also points out that Chevron is "the most leveraged" among the large E&P companies. He compares how our capital spending is at the same level as Exxon which is almost twice as big. God help us!
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You forgot Project Compass in Shipping.
Right, he has a hard on for Oil industry! He is basing his knowledge on the announced layoff, which is Project Alpha only!
WTF is up with all of those stupid names. Is it done to confuse the workforce or are we just that incompetent that we can not efficiently and effectively lay people off???????
The announced layoffs are truly only the tip of the iceberg. Who will be able to calculate the total layoffs, between the RIFs, RAE, ROM-1 through n, Projects Alpha, Tiger, Matrix and goodness knows what other names BCG has invented?