Thread regarding Chevron Corp. layoffs

Not sure where you get your news but XOM is in great shape and has far better projects than Chevron. Can you name five current Chevron Phase 3 or 4 projects that excite you? No, but you can probably name more than five in Phase 5 that blew out cost, schedule, under-produced or all three.

XoM made some big mistakes while Tillerson was at the helm. Missing the boat on US shale and worldwide demand growth for LNG. Chevron has outmaneuvered XoM in this sense, and the market appreciates Chevron’s future growth projects geared towards generating streams of cash.

Chevron vs Exxon is like comparing Night and Day. Both on the same planet and engaged in the same business all over the world, yet different, like night and day.

It is sad that Chevron recycles the same non-knowledgeable managers via PDC after PDC. As long as they play the game well they do not have to know the work that they oversee. They surround themselves with “yes” subordinates who make sure that they do not upset the apple cart. Those same managers and “yes” folks make decisions during PDC about who stays and who goes. Unfortunately, a lot of knowledgeable employees have been released from the company because of the incompetence of the PDC representatives. Being a ten year employee every PDC I am concerned about how I am or am not represented when I post for jobs in PDC selections.

Awesome article about Exxon. However, it is from the 1970’s. Keep in mind history repeats itself and some things never change.

https://www.texasmonthly.com/articles/so-you-want-to-be-chairman-of-exxon/

gjqz, I like my own senseless posts too - LMAO!

Anyone with a 4.0 from MIT working for a major oil company is out of their mind as they could be earning triple elsewhere and having more fun.

EOVN.....made me laugh nice one

@fjvo, No, that's not where I got my undergraduate degree (the 4.0 GPA) nor my masters. but thanks for asking. And a degree doesn't make the employee, LSU, A&M, MIT, TX or LA, Tech, UT, Wherever. But I'm sure you will have a snappy ridiculous meaningless ignorant comeback. Studying harder back then would have been a better place to put your efforts than here, and now. It's a bit late for that, son.

If you consider LSU a prominent technical university, then, uh, congratulations are in order.

It's obvious that eovn relates to the stereotype that he described in his post. Poor guy! LOL

How the hell did I get hired back in the 80's with a 4.0 GPA from a prominent technical university then? Has everything changed?

Great stereotyping, eovn. Be careful the Chevron HR people don’t catch you admitting things like that openly on the job. You’ll find yourself in sensitivity training while on probation for a year. BTW, you’re spot on with the average type descriptions.

All companies have their own culture. It can be very interesting. Someone once said if the big oil companies were compared to governing styles, Exxon would be a dictatorship, Shell an oligarchy, BP a royalty, and Chevron a banana republic. To each his own.

My experience has been that Exxon hires disciplined A+ students who work like hell and are smarter than most. West Point types. Chevron hires the frumpy B- student engineers who enjoy drinking beer and laughing. Shell hires Euro-freaks with curly hair and nutty ideas or red-faced Brits with fatty livers. Conoco is teetering on extinction along the lines of Oxy and Marathon.

Epft - pure gold

Chevron is the easiest company to work for in the O&G industry. Pays well, just have to put up with idiots and poor management.

-dnvw, Just hope you are able to put in the sufficient years needed to retire comfortably. That’s all that matters you know. No matter where you go in life, there will people with more or less power than you, others who are richer or poorer than you, and others who are more or less moral than you. It goes also to say you’ll find people who work smarter or lazier than you. Just find contentment of being somewhere in the middle, where most of us are or strive to be. Having more than others has its burdens and liabilities as does having less than others. Just show up for work, put in your hours, do the best work to your abilities and help others who may ask for a helping hand. Don’t worry about the outcomes of PMP evaluations, forced ranking sessions and all that crap. These are only the tactics of people looking to exert their power and control. It’s all meaningless and you will be happier if you don’t let these corporate games interfere with your goals to eventually retire happy, healthy, and financially sound. Just put in your time like we all must and get yourself over the goal line.

Chevron is like CNBC, Exxon like FOX. At Chevron, the Shifless managers and their boot lickers rule and those with expertise and an honest work ethic are kicked out.

Exxon is a very disciplined and regimented company. Being twice the size of Chevron, it needs to be. They work their employees as much as possible and hold them accountable. But Chevron is in the same business as Exxon, yet our approach is less demanding. We still make money, despite the serious megaproject blunders we’ve had over the last decade. Imagine how things would be today if Chevron executed all those projects perfectly, more like Exxon would have done. We missed out big time. Opportunities like those don’t repeat themselves too often.

If XOM is so great, why does their stock underperform Chevron’s so much?

Well, there you go. You outlined the two work cultures pretty well. So, if both pay about the same and one company dogs you to death while the other doesn’t, isn’t Chevron the clear choice if where you want to work. I’ve been here at Chevron for 33 years. I’m not in management and do not want to be. Love my work and leaving at 4:00 pm everyday. After all, I have a family and a life to live. That’s most important to me.