https://investorplace.com/2023/10/3-stocks-to-buy-before-they-become-the-next-trillion-dollar-companies-in-2024/
Layoffs
Layoffs will be coming as a result. The BUs have already been challenged to show long term growth and hearing from some managers the need to cut opex in the amount on 4000 employees. Can this be true? 4k seems a bit excessive from where I'm... — read more
Management Hatred of CTC
There is a lot of big talk about how much MW and management value CTC but the constant underataffing and cuts say otherwise. CTC is the constant punching bag for management and it doesn't help the morale of the BU. We are so lean now we can barely... — read more
Chevron to Buy Hess
Chevron to purchase Hess for $53 billion. Get ready for redundancy (layoffs).
When was the last time you were promoted?
I'm curious because it seems that unless you know the right people, you have zero chance of making any progress at CVX.
To the younger people here …
I recently participated in some new college grad recruiting (wells). Lots of kids applying, tons of resumes. What re they thinking? Why do they want to join the oil industry? Of course I cant say so at work, or I won’t get a stratight... — read more
Promotion notifications this week
How’d ya’ll do?
HR needs better leadership
Why are most of the decent jobs in HR unplaced? Who in they're right mind would apply for them unless they just got promoted. Please treat us like the rest of the organization.
Applied for chevron entry level engineer Jobs and status has not even changed.. its been a month.. is hr really that bad?
I thought I would have a good chance since I'm still entry level with less than 3 years exp working at an E&P but I guess not
Head of Exxon's shale oil business faces s-xual as--ult charge in Texas
https://www.reuters.com/world/us/head-exxons-shale-oil-business-faces-s-xual-as--ult-charge-texas-2023-10-08/
New ad campaigns
"We’re upping production at our U.S. operations to keep supply higher and trucks in route." Wow, what happened? The message finally trickle up to Sr. Management that we don't make money from Human Energy and Liquefied Bull$hit?
Blue Collar MW?
I am thinking MW is a Blue Collar man at heart and not a big wall street guy. Saw an article recently in jeans, a hard hat and equipment that makes me think differently about him.
Contractors
I've been hearing about cutting contactors hours? Concerning part is I heard from some they are asked to go G-y 4 Pay to supplement their income???
Opex cuts but CNE rolling in cash
The BUs are being asked to slash operating expenses while the oil price is high and company is generally performing well. While CNE and Central orgs are spending like mad on perks: free breakfast/lunch, coffee barista and mock cocktails in the... — read more
The morale is at the bottom right now
We are making a lot of money yet employees are getting squeezed left and right. With high oil profits layoffs should not remotely be talked about. The executives get paid big money yet the employees keep suffering. Things are falling apart her fast... — read more
A Layoff Too Far?
Was the Transformation that has broken Chevron? People reminisce about the good days before the times now. Did MW ask for one too many layoffs and got more than he expected in the dysfunction thats going on now? Will more layoffs be the companies... — read more
Promotions
When are promotions announced?
Kindergarten
I am a company retiree, last week I was invited into 1500 lousiana Street office for a chat about a possible techenical role. I was horrified to see so many people sitting around and playing on social media. The work ethic seems to have totally gone... — read more
Has it always been this…broken here?
I just can’t believe the level of dysfunction across the company. Has it always been this way? How long can it last?
PSG 25 starting salary and total compensation
To be interviewed for a PSG25 position in CTC, can anyone please tell me what the starting salary is? Thx
Horrible industry
Horrible industry. No company loyalty. Not a lot of good bo-m cycles left. The industry is not going away but the “ways” of the US majors in the last 10-15 years will. 20 years ago the ways were different they wanted people to make decisions and play... — read more
Best and Worst PDR
The new ABU PDR shouldn't be trusted and has no care for others. KS is known for spreading rumours and underhandedly slandering folks based on prejudices. PDR should give constructive feedback to staff instead of berating them and mocking them behind... — read more
Great CTC
Joined CTC for a month. I cannot believe the level of competition, backstabbing, wasted effort and time for funding, recognition, visibility among chapters within the same department. Everyone is doing 10% on useful stuff and 90% on useless stuff... — read more
Layoffs are coming……the business plan recycle is your first clue
Current business plan roll ups are so far off that it is impossible to fund beyond the largest few assets. The rest of the businesses are going to get starved of capital this next cycle and you know what that means. Underfunding means bigger... — read more
EB to replace RM
What are your thoughts on making EB the CFO and the Chief People Officer No matter what you think about her but for sure she will do a better job than the current clown Anyone will be better than RM
Any word on layoffs?
Please post if you know something is in the works.
$68 M and $35 M
That’s what MW made in 2021 and 2022. Remember that when you have PMP, CIP, and pay discussions in the next few months.
Latest Rumors - Go!
I’ll start - heard fewer promotions this year and a reduced salary adjustment pool.
Does Chevron still provide sponsorship to international students?
Heard from the career fair Chevron no longer sponsors international student for work visa?
Recent CTC Open Mic
Just saw the open mic on Thursday. Not a lot if details of the changes coming up. What did y'all think?
RB - is a clown
So, if you are part of the elite club of what they call the “global leadership forum and plus ones”………you heard RB - the new incoming CTC President - answer a question that was revealing about this clown’s attitude and lack of self awareness. We in... — read more
Jelly of the Month Club?
Is MW going to ruin his employees Christmas with layoffs going into the New Year?
Tengiz Future Growth Project Delay
Just like Gorgon, only worse. On a day where competitors are way up with wti hitting 90 - cvx is at least a little positive. Who is accountable for this latest ‘one year’ schedule delay (after two earlier announced delays - now 4+ yrs past... — read more
ROMs going on?
Are there ROMs going on in specific BUs right now? Management keeps saying no company wide layoffs but reading between the lines there will be layoffs in some groups. Anyone have news that management is hiding amongst the corporate talk?
Cuts stretching farther?
Has anyone been to the place people used to talk about? Has the budget cuts hit that place too near San Ramon?
HR file access?
Has anyone been able to access and review their HR personnel file? I would like to see what is in mine. Might include a couple "letters" they filed a while back...
Permian collapse
Chevron quietly increased Permian spending by one billion dollars (25%) to meet production targets and over come "well productivity issues". Do the math.