REG here but have upstream background at small independent. Am absolutely shocked by all the nonsense corporate and center initiatives I see taking away from focus on core business. Perhaps good intent but wow inefficiencies are insane because there... — read more
CEMREC
Any updates on CEMREC?
It’s about the prosecution, stupid
Barton’s posted an article today noting that the pandemic has eased and stock buybacks are no longer a thing. Oil companies are measured by production. Ours is sagging while Exxons soars. Permian is to blame. We have nothing else in the hopper. Dark... — read more
Investor day!
Nigel is sounding very CEOish. Can’t wait for him to run the company.
will CVX stop ki-ling people in 2023?
Last year many lives were lost. This year just started with the explosions in Kazakhstan RV and the loss of life. Will CVX stop milling people? Can RM and HR performance get finally reviewed and see how they drained the company from its critical... — read more
FATALITIES IN CVX, WHAT HAPPENED?
Something about us has changed but I can't put a finger on it. Not so long ago we were among the best in preventing fatal accidents, and it seemed like we had a good feel for moves to make. Now it appears that we are among the worst and have lost... — read more
Promotion frenquency
Just curious hows the promotion frenquency within the company? Heard that some people stay on a grade for over 10 years! Anyone would like to share your promotion experience?
What happened to rewarding performance?
So people talk, of course... and it seems that the biggest beneficiaries of salary increases and the expanded LTIP are people who constantly post on Workplace, attend multiple D&I meetings every week, socialize (that is, suck up) with "mentors" at... — read more
Expanded LTIP: how did it work?
Those that got the expanded LTIP this year (obviously I wasn't one of them), how did it work? When do the RSU's vest? How many shares did you get? (% of salary?) Do dividends accrue? Tell all.
How much did your Salary increase and what was your CIP Amount
Format PSG, Salary %, CIP Amount Also anyone know what the floor was?
TCO/Tengiz - what's it really like there? Anyone know for sure? [Update]
Anyone here ever been to Kazakhstan, working for TCO/Chevron? How is the work, co-workers, camps, etc? Most jobs look like 28/28 rotation. Pay looks good, weather looks cold.
Peak Oil?
Folks have been predicting peak oil since the 1960s, but new technology has always pushed the date back: secondary recovery, deepwater drilling technology, fracking, etc. In the last decade, however, conventional reserve replacement across the... — read more
Bare Minimum Monday
Bare Minimum Monday’ is the latest workplace trend hitting productivity The newest trend joining the likes of quiet quitting and resenteeism involves putting in just the bear minimum of effort on Mondays.
What was the CIP last year?
I'm a new cowboy at Chevron and was curious what it was last year? My man and I was hoping to get a decent amount to go on a men only cruise.
Any layoff news
Any rumors of layoffs after a low and disappointing CIP? I know contractors are being let go throughout the organization.
Wirth to serve until 70 or 80!
Chevron Corp.’s board of directors is considering waiving the company’s mandatory retirement age for Chief Executive Mike Wirth, a move that would allow him to remain CEO for a longer period, people familiar with the matter said. Some board members... — read more
Behaviors don't matter
Wow. They say behaviors matter and the company considers 360 feedback. If this is the case what other criteria trumped leadership behaviors in in the selection of the new senior GOM leadership.
BP board
Our British cousins board is lighting up about a sale to chevron.
Did anyone ask about CIP factor at SETH?
Was it addressed?
Do you resent Chevron?
Employee resentment, also known as employee resentment syndrome, is a negative emotional state experienced by employees when they feel frustrated, undervalued, or unsupported by their employer. This can result in reduced job satisfaction, decreased... — read more
Global Town Hall Thread
Let’s all gather and comment on the town halls tomorrow! Feel free to predict topics and questions while we wait for it to start.
LTIP
Does anyone know if there is a LTIP factor? And if so what is it?
Chevron Park to be condos?
The new owners of CHVPK are considering using some of it for residential housing. Building A could be turned into luxury condos. The CEO's office (which includes a commercial kitchen, bar and dining room) could be yours! I hope the keep the... — read more
HR is so good they can find oil and gas
The only HR department in the industry that can actually tell you where to drill!
Proud of our world class organization
I’m not talking about the whole company….I’m talking about HR. The rest of the company is above average, but HR is world class and I’m proud to call them our own!
San Ramon Office
Sooo...the new San Ramon office is costing us $150MM in CAPEX?! What do we get for that kind of money...at a LEASED facility? And for just the hundreds of employees who decided they didn't want to relocate to Houston. Seriously. Source: internal... — read more
38K Employees X $55,000 average CIP Payout = $2.1 Billion.
Compare $2.1 Billion for 2022 CIP payout for 2022 with the $75 Billion buyback MW announced. Mr. Wirth, a CIP of 1.6 would have resulted in a total CIP Payout of $2.5 Billion. Aren't the employees who work to enable you to make these earnings... — read more
The future of Chevron?
https://dilbert.com/strip/2023-02-02?utm_source=dilbert.com/newsletter&utm_medium=email&utm_campaign=brand-loyalty&utm_content=strip-image
I think we're safe from layoffs for a while
There is still hiring happening and there has been zero credible chatter about any RIFs being planned. Call me naive, but I chose to believe that means we're safe for the foreseeable future.
CIP Proud
Here in the USA, we believe in liberty, god and Freedom. I'm happy that this here company got sky nine profits and gave us a lil side action. You should be grateful too. My man and I can now afford a nice off site condo with that bonus. Don't... — read more
Get over it
Chevron useless staff think that they deserve bonus for doing nothing. Oil price did all the work last year. Your Opex suck l, your capital discipline is sh-t and look at FGP in TCO, your safety record is the worst in any major. Why do you think you... — read more
Count
I would like HR, to post the number of people who actually quit due to CIP. I request a lot of bi-----g and snowflake crying but I doubt more the a handful of the complainers actually have the cohones to walk away from thier comfortable do very... — read more
Listen up..
Ok everyone, the beatings will continue until morale improves..
Effort in 2023
What should our effort be in 2023 after the low CIP?
DOWNVOTE SQUAD HAS ARRIVED
I bet Mike personally pays his inner circle $100 per DOWNVOTE comment.
Hahahahaha! what did you expect?!
This is what they think of us! They know we’re suckling at the teet. Too brain washed to leave. Too cowardly to call their bluff.
Wirthless CIP
Very disappointing CIP. Looks like MW will be keeping most of the major money for himself. After all he has put his employees through this is all they give after a major year. I guess they think cuts and who knows layoffs are the big rewards!
Opex Yellow… Because of High CIP LAST YEAR!
Those of you who saw MW’s scorecard post on “work”place for CIP and saw yellow for opex… you know a main driver of that? It’s because they paid a higher CIP last year compared to plan! Disgusting that is even a factor for the following year CIP. Not... — read more
From 2004-2021 Chevron has averaged 6.8 deaths/year. What is the standard?
I added up the numbers and we have averaged 6.8 deaths per year since 2004 (farthest back data I could find) at Chevron. I’m not discounting the tragedy of death by any means, but shouldn’t our safety score be a positive (or at least neutral) this... — read more