We know that you are a troll, OP. What else do we need to know?
17 replies (most recent on top)
3rbh, I'm 3siw and been long gone with a fat pension and severance. Nothing but free time. How 'bout you?
I agree with -ynq though. Those of us retired recently need Chevron to keep paying and raise the dividend. Hopefully, JW will keep his promise to Wall Street and do just that.
Of course there's oil in the Forties. BP and Apache will tell you that it's the most prolific field in the North Sea. D'oh !
Lead by example, 3siw. Raise your hand in the next ESP or be first to leave.
I hope that there are more layoffs so that these boards will get cleaned of all the filthy deadwood who do nothing but complain and blame others for their problems..
Game of Thrones for 15 years at Chevron. Most of the inbred, obese middle managers will remain. But their shorter life expectancy is factored in. They sustain the realm
Somewhat true what you say, 1byq. But many of those in the 70% number of employees are required personnel, per the regulations. You need many in the accounting and finance to run a business as big as Chevron. Same can be said for at least half of the folks in HES, Business Development, Land and Right-of-Way, HR, Building & Real Estate, and other functions that are not directly and 100% E&P. All that said however, there is still room for trimming personnel. There's still some fringe and non-essential jobs that can be disposed of. Start with the more useless "one trick ponies" and keep the ones that can actually handle the workload of 2 or 3 lazy employees. We all know a few in the office that wear these shoes.
30℅ works hard, whereas remaining 70℅ receive payments without significant efforts for Chevron. This company can sustain with only 30℅ of existing Head count.
1mxl - I hate to say this, but you only need enough employees to get the job done and not a single one over that. I think in this industry (not just Chevron) there are too many people drawing a check and not adding value, hence layoffs.
@ynq - "Keep paying that juicy dividend" is the main reason more employees will be labeled as expendable. Simple Math: Low oil prices + High dividend yield = More layoffs.
Just keep paying that juicy dividend.
@oek - So you think oil will be back soon? It's more probable you will be gone sooner. Oil is heading toward low to mid 40's before it goes back to the mid or high 50's. And if you're thinking 60's or 70's in the next 2 years, you are dreaming or smoking something that's illegal.
How can OPEC members agree to sustained production cuts when their economies are so dependent on oil revenue?
I remember all the idiots on here predicting $70 oil by the end of 2016.
Chevrons top minds, eh?
No worries. It will be back soon. :)
Nothing.