As soon as MW takes control. Pucker up. PRC, UC, ETC pet projects to be gutted.
16 replies (most recent on top)
-Zpkk, False. These two small Chevron subsidiaries are practically polar opposite business with no real functional overlap except for the top job of President.
False. They just announced the merger of CPL and CPEM. This will most definitely reduce middle Management and direct line supervisor headcount.
The deep cuts at Chevron are a thing of the past for now Future layoffs, if any, are way down the road.
Wirth is a corprate wide Dunn? Brought in to slash and cut?
Corporate Lard ....f--- that made me laugh
To true but was funny
Cleaning up SCM will save the company a lot of money. A bunch of overpaid folks who like to hear themselves talk. Over bloated egos have gotten in the way of what is best for the company.
A lot of over priced lard in SCM
A 10% staff cut across all positions would be a good start. This company is still bursting with corporate lard. Lots of do nothing employees everywhere, in spite of all of the layoffs.
Chevron Stock Could Explode Higher by Another 29%.... rock on!
https://www.thestreet.com/amp/story/14428562/1/chevron-could-rally-to-160.html
For all you people and your success, you still have to work. Interesting.
@1ebg, If you were not in CVX two years ago and were able to double your money in that short time span, congrats. But if you kept holding your CVX shares since its peak in June 2014, then to its low of $70 about a year later, and now think you are back in the game... sorry. You’re still behind the 8-ball. I pulled out of CVX soon after the June ‘14 high and diversified my money. That has panned out very well for me. BTW, I did reallocate nearly a third of my holdings to CVX when it hit the $70 price. I’m truly happy I did. The rest for the most part was invested in the tried and true S&P. Happy camper here with a nest egg that has always grown sizably.
Three points? You guys are arguing about three points when it has nearly doubled in the last two years?
-1bgr: who cares? But if you wish to be annal about it, week high close was 133.57, but interday high was 136.3. The point is that it is getting back up there after a long slog through a low commodity price period. So things are looking up!
Chevron stock all time high was 134.— in June 2014. Never reached 135, 136 or 137.
Dream on... we are heading back up. If there were painful cuts still to be made, standard procedure is for the outgoing CEO to make them so the new management can start ona positive note. Chevron is at 120, just a bit below its all time high of 137. As for the butthurt losers who do not know what the tech companies do in Chevron...that’s precisely why you were already axed.
Good it’s about time I struggle to see what these groups do...