Thread regarding Chevron Corp. layoffs

What's really left of Chevron besides TCO and midland? Everywhere else is a dying and on the chopping block.

Please re-read your initial post. Why do you go to work? Why does business performance not matter to you? This is the issue with chevron. The ceo has made a career of asset sales. He had no comments on business performance because there is no performance. Balance sheet and inventory games at quarter end to show “cash flow”. He will sell assets until what’s left is so small the company will be eaten like Gulf, Texaco, etc. In the meantime enjoy your diversity and xyz network. That sh-- matters. Trust me. Stockholders love it. It pays dividends as your paycheck, maybe even your 2% raise and your sub market bonus.

fqhs, That is true and we here at Chevron deeply regret having to let you go and putting you out on the scrap heap. It's obvious in your comment. I heard Walmart is hiring. Please check your neighborhood flyers for lawn services required also. That's usually booming this time of year.

I know for a fact -ftld is right. I got laid off and was given the age and paygrade breakdown sheet with my severance package. Leaving the paygrade demographics aside, it was clear that age was a major consideration in who got let go. To add insult to injury, some of the younger and lesser paid employees on the demographics report miraculously found jobs before their severance date came. Talk about stacking the deck. Chevron did all this in a calculated manner to diminish the preponderance of blatant age discrimination. This was more likely a tactic advised to them by their principal consulting company.

That’s not entirely true @fqhs. Few were laid off because they couldn’t keep up, but most were let go only to save money. Many 50+ year old, productive and higher paid employees were shown the door just to save the company money.

So many people on here lack maturity and clearly weren't educated very well. Most of you are probably unemployed and very bitter about being thrown on the scrap heap. Get over it. It's survival of the fittest and you were shown the door because you weren't good enough to keep.

My impression so far of MW is he’s afraid to say what’s really on his mind. Another leader who is hesitant to really lead. My advise to him is what any cook must do to become a chef, “you've got to crack a few eggs to make an omelette.”

I think he can stick his Performance Improvement Program where the sun does not shine. 40% fewer souls in GOM, 10% less work. We are the definition of efficiency.

Yeah, these 3rd world expats come here to the US and spend 5+ years sponsored by Chevron. They soon enough get down to brass tacks and hire immigration attorneys to work on changing their legal status to US residents, then to American citizens. All the while, spewing anchor babies and getting their parents and siblings over here to sponge off our welfare system and not wanting to assimilate into our way of life. Chevron is an accomplice in changing our American culture and traditions by not sending these foreign expats back to their native countries before their 5 year work contract is up.

There's still a lot of inept managers around that need to be shown the door. Plenty of opportunities to fix the broken expat system too. Lots of expats like MOAP need to be forced back to their home countries, instead of allowing these leeches to have expat assignments that span 8+ years in the US.

You are spot on about the new ceo being one man and the lack of accountability within chevron especially at the management level. The managers scratch each other’s backs to prevent themselves from being ousted. Fgp is on good example especially the lack of accountability at the Korea module yard. The cost overruns and weight control bust are horrible but somehow these individuals survive and retire as multimillionaires while other good accountable employees are shown the door for

6gnn so you are saying because of incompetence I got laid off. Every single person who were laid off will agree that is because of high salary they are out. You keep living in your comfort zone sooner than later you will get the email. Good luck while you keep waiting.

M Wirth is only one man. The problems that are inherent in Chevron will rest on his shoulders if he fails to address them head on. Chevron lacks terribly in accountability and leadership abilities. If he would seriously address just those two things, he will turn this company around on a dime. He shouldn’t allow the pressures of Affirmative Action, multiculturalism and political correctness to get in the way of these two principal challenges. Bold steps are taken by bold leaders. I hope MW becomes one.

When I was in CVX everyday come to work and see if I get an email to come and see HR and f--- off. It happened one day in mid 2016. Now I am in another company where everyday I come and see lot of work to do. CVX was the most pathetic company I ever worked for and they laid off all good people and kept idiots who know how to bull sh--.

Wirth will have to prove, through actions not words, that he is not just a continuance of the policies under JW. There is still a significant amount of non-essential and non-productive employee fat in this company. Still too much emphasis on political correctness, multiculturalism and LGBT awareness instead of the basic nuts and bolts of drilling and producing oil and gas.

Other than TCO and midland, where is the future of the company?

Dog and pony show. Nothing more than that.

A lot of fluff to please the low-level Chevroids. Diversity! Climate Change concern. And most important - the queen of high dividends.

Looking forward to see what the strategy is, they still seem confused (as is the industry). Supposed future of oil and gas is either shale oil/gas or LNG. Chevron got burned on LNG and is trying to divest Kitimat (though this was already a difficult development) - so apart from any expansion projects guessing LNG is out. Long term LNG for power production may get burned anyway if renewables continue to take off.

If its shale - that's a very different project management structure to what they are used to and they have to be quicker/more cost efficient, though they are lucky in terms of reserves. Apart from FGP - theres no other low cost "megaproject" reserves that i'm aware of. Anything that costs more than $50 a barrel to produce is effectively a stranded asset.

@5zym, You are almost correct. Chevron HAS gone to the dogs.

The new CEO will lay off more people so that he can get higher bonus and also pay more dividend. CVX is going to go to dogs,

You bunch of perennial losers are visibly uneducated and obviously from the wrong side of the tracks. The sooner I can leave for a better company the sooner I can mingle with people from a higher social scale and educational background.

5qwp, That's because you have no company, idiot, you are an unemployed butthurt loser. Save the tall tales. Also CVX has no such record that you speak of. The smaller and other major companies have a MUCH greater injury and fatality record per capita than CVX. I have worked at many. But uneducated disgruntled losers like you would not know that. Work on getting a job, not trolling this site, loser.

A large part of this meeting could have been titled “An ode to political correctness” and came complete with planted questions. Can’t wait to see how much money we spend making our logo into a W to make sure we have the proper sacrifice to the PC gods.

The proof will be in how he covers over Chevrons fatality record and the employees who are so proud of it and their company. Should be interesting, given the track record of MCP failures over the years. Glad I am not at risk any more, but then again, MY company doesn't do stupid incompetent things that get people killed, let alone brag about their company afterward.

MW doesn’t have any clear insight as to where he wants to take the company. More of the same, meet the new boss - same as the old boss, anywhere the wind blows.

Folksy, but not a lot of insight where he wants to move the company.

This clown needs to get an education. Who picked this idiot.

Senior management were microphone runners? No charts, no mention of business performance? Just MW addressing the crowd? To me, it was a unique way of introducing the new CEO and patronizing the audience. I guess you fell for it, because I sure didn’t.

Unfortunately, I missed the town hall. I got an error message when I clicked on the webcast link, then I got sidetracked with other things. I'm glad to hear that it went well.

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