No official confirmation but not present in the new organization...
SETH Announcement Location Impacts
Consolidation of STAC but skating around how that impacts office locations
To ELT
Take accountability by cutting your bloated salaries. Bunch a a$$holes
Accelerated EOI Terms
Accelerated EOI showing in February, how long will those who hit the button have to stay?
Shale and Tight Asset Class Investments
This is where we are competitive, what are we going to buy and development next?
Hypocrites
Seems like all is rosy, for the Presenters' bank accounts and lives. Gulf of America.... does karma happen?
Board…EB is not the person!
Back to the drawing board.
If you're not on the SETH stage, please keep scrolling
Ph-k you, you're fake, you are not pointing at yourself for the failures, and I doubt you will even cut anything personally to help with the budget. Enjoy those box seats while we loose our homes.
15-20% workforce reduction and then this as first question?
What a horrid take, telling everyone that 15-20% will be reduced and the hot topic is DEI? Get over yourselves and get off your high horses. Good Lord.
9 vice presidents
Hey I have an idea to simplify
Coward
Mike is too cowardly to give any bad news. Such a sack of s h i t
SETH Live Reaction Thread
Post all thoughts and complaints here! Watching MW on the news as the opening act is silly
Anyone ready?
For MW to spew his infinite wisdom on on our faces? Bet is, he wouldn't even respect us enough to clean up.
A little background on McKinsey who will be consulting on the layoffs
McKinsey worked with Purdue Pharma to “turbocharge” sales of OcyContin (extended release he---n). As part of that contract, McKinsey proposed that Purdue rebate $14,810 to CVS (another McKinsey client) for every overdose attributable to the pills... — read more
Show of hands
Now that the cuts are in sight, let's see how many are hoping to be laid off.
Will we see MW with a # tomorrow?
Haven't been through reorg yet at Chevron. Wonder if a targeted layoff # will be shared
Set your 401k contributions to 2% if you are taking EOI but more retired yet
Saw the following post on thread and it make sense: “Contribute to my pre-tax 401k up to the match: $11,750 then stop (Meta will match 100%) Max out my after-tax. Ideally you could contribute $46,750 ($70k - $11,750 - $11,750) but Meta caps this at... — read more
Let’s bet..
How many times will MW say the word “together?”
Reserve Replacement
Chevron's (CVX.N) oil and gas reserves have fallen to the lowest point in at least a decade… Reserve replacement is one of the key metrics for investors in energy companies, as it gives a sense of how much oil and gas the companies could produce and... — read more
17 point survival plan for chevron
Here it goes: invest in exploration: bring back an investmant in explration and start snapping up tier ii and tier iii acrage as industry operators peel off lower grade acrage to pay off det. we need to grow to keep from dyeing. everyone else has... — read more
Recurring Rant Thread: Chevron's back-to-the-office initiatives
Let's see where is the sentiment right now...
Enough exaggerating.. time for truth !!
IMO all the fear created will vanish soon.. The 30% and 20% and what not.. this Reorg won't be too different than all others we have seen.. about 5-8 % reduction.. most of them EOI. Engine's impact will be gradual .. in 26-27 and beyond.. for now it... — read more
Any news in Richmond maintenance
Any new rumors?
'Twas the night before SETH
’Twas the night before Townhall, and all through the chats, The rumors were swirling of layoffs and cuts. The emails were vague, the tension was tight, Would we have jobs by the end of the night?
When can you quit and still get yearly bonus?
The title says it all. I have a job offer on the table, but don't want to lose my bonus.
SETH is tomorrow!
Who else will be hate watching tomorrow!?!?
Getting ready for Exxon
Re-org the same way as Exxon. Move the HQ to where they are. Clear out the C-Suite. Do all the hard work for them. Is the deal already done? Give it a a year or two and get it closed before Trump exits.
Actions have consequences
The longer we wait for layoffs, the worse my work ethic becomes. You don't care about my mental health? That's perfectly fine. I don't care about my productivity. I'll start late, I'll take long breaks, I'll ignore my emails for as long as I can. I'm... — read more
Motivation is hard to find
CTC has become a depressing place to work. How are we supposed to plan and create valuable goals when our leadership’s goal is to eventually eliminate your job. My manager is helping feed this fire by making more “business” related requirements for... — read more
Oil Industy is Toxic
The Oil industry has become an awful industry to work in due to CEOs like MW and DW at Exxon. The greed and disregard for employees is at its peak. Soon everyone will be outsourced in the industry other than big whilst. Field workers at some point... — read more
Will Mike Get A Cameo On Landman or Become TV Critic or Both
Well, with all Chevron's admin work moving to India from the US, I guess Mike has a lot of spare time to binge-watch TV shows. Will he go to work for Paramount+ or Netflix? I guess his DEI initiative partially destroyed Chevron and now he is... — read more
Asset classes make no sense
Every re-org for decades Chevron has managed to amp-up the matrix element of the organization which blurs lines, confuses priorities and vastly adds cost and complexity. Asset classes is the ultimate matrix and looks to be the ultimate disaster. ... — read more
Yesterdays WSJ article on Chevron/California split
Behind the Oil Industry’s Biggest Divorce: Chevron Versus California. Feb 9, 2025 “Why deal with California when you could go to Texas or New Mexico? You only have so much capital and so much time in the day,” said Andy Lipow, president of Lipow Oil... — read more
Older and paid well?
Your chances of surviving this reorg are minimal. The whole thing is about cutting as many of us in that category as possible. They'll toss in some younger folks too (age discrimination is illegal, at least for now), but we're the real targets. Why... — read more
I just can’t understand how the platform/chapter/product line/Agile got past management
As we loom closer to the impending reorganization and layoffs I just keep thinking back on how and who approved this ridiculous platform/product line/Agile/Global Advisor model? Someone explain how anyone could think that breaking into a myriad of... — read more
Full Return to office
I heard at SETH they’re going to “rally” us to come back to the office 5 days a week.
How about the new RSI guard program?
How much do you think we paid for that?
While Mike is Watching Landman, Midland Just Keeps Having Incidents, Can Someone Help
Guys, We just keep having incidents in the MCBU and all we are ask to do is figure out how to not make them a company recordable. What is going on? I think we need to bring BG out of retirement and his crew to get things back on the straight and... — read more
Fabulous comment on SETH
+36 There’s going to be an obnoxious animated video updating us on the wallpapered operational successes around the enterprise. Then there will be a few je-ks in a circle about how Chevron has “made strides” to some goal like Engine or CNE. He... — read more
Fork in the Road
POTUS came in to office Jan 21 and all Federal Workers got their EOI letter already. How long can it take our HR guru's to draft something up? lol