Corp communication requests that all salaries exempt employees fill out a Talent a profile for Chevron. So.... Does this mean the hourly employees aren’t considered to have talent?
Rumor has it Chevron will lay off 35% of its workforce
It will not be an event, but a process over 6 - 9 months. Good luck Noble employees. Jumping out the frying pan into the fire.
2020 Strategic Architecture
Negative returns. Competitive advantage? With breakthrough thinking.
Voting against merger
Curious what others thoughts are...
Safer to stay at Noble
Anyone else here waiting for the merger to complete before deciding on what to do with their own careers? There are a lot of things that could be improved upon, such as management's understanding of the day to day operations, company culture, and pay... — read more
Part Time and Furlough
Are there still employees on part time and furlough? Are most of these out of Houston?
Field Personnel
So word is most Noble employees working on the field level are safe IF this merger happens. At least for a year. Then they’ll probably end up selling most of the assets in Texas. Opinions? Anyone heard anything?
Is it just me or is working at Noble getting more stressful on daily bases?
No job security, managers taking out their own frustration on us, work environment that's more toxic than ever, morale hitting a new low... Is there ever going to be a time when things will once again start to look up? Because I'm not sure how much... — read more
Elliott investmens disclose takeover of Noble Energy
Hey google elliot investment and it's filling with ftc to take over Noble energy. What does all this mean?
More layoffs?
After the performance reviews Noble will continue to lay-off?
Performance reviews??
My supervisor indicated today during a chat we might have performance reviews or equivalent coming our way soon. “Well, I had SMART goals, until upper management decided to light them in fire and piss out the ashes” Presume this is a CVX... — read more
Johnson, Arne - do we know how many victims there were at Noble?
It would be good to know....
BoA Expects Brent Oil Price at $60 by 1H 2021
https://oilprice.com/Energy/Energy-General/Bank-Of-America-Brent-Will-Recover-To-60-In-H1-2021.html Why is Noble selling out if the price of oil is expected to recover to $60 in a couple of quarters? Noble can continue to stay in business in that... — read more
Merger Lawsuit
https://www.law360.com/newyork/articles/1301325/noble-energy-investor-calls-for-pause-to-chevron-s-5b-buy
Non-compete
Anyone know if the severance is going to have non-compete type language? The Chevron page eludes to its in their current layoffs. Seems pretty ridiculous.
Volunteer for severance?
I know this was posed pre buyout, but I’m wondering if we’ll have the option to request a buyout. I’m ready to move on from O&G.
Executive compensation: latest SEC (S-4) filing. Have box of tissues close by...
Over $60 million going to our esteemed "named executive officers" Read it and weap... Boy do I feel like a s—er :-( Golden Parachute Compensation: David L. Stover $ 25,160,819 Brent J. Smolik $ 14,086,393 Kenneth M. Fisher $... — read more
Ongoing layoffs
Seen and uptick of colleagues that “no longer” work at Noble. Is there a silent, slow layoff going on? Prayers for everyone.
NBL guys overseas
Wonder what this means for the Nbl guys in the Eastern Med and West Africa? What about all the contractors Nbl uses to staff assets?
Proxy statement summary
Any one else read the SEC filings? I’m just a lowly engineer, but my take aways were: Noble was fine near term, but didn’t see itself finding economical reserves past 5-10 years credit rating was in jeopardy of being down graded, see previous... — read more
Severance Taxes
Will the severance be taxed at a whoopin bonus rate of 30%?
CoC packages
Got details of the CoC severance packages today. Seems pretty reasonable. I guess there are worse things than being laid off from an oil company.
Noble be warned.
Chevron is laying off 40% of technical people in D&C. If your a technical D&C person start looking to pivot out before the deal is done
Noble Sold at the Bottom
In the link below Saudi announces it is slashing oil exports to the US. US oil production is already down 2 million barrels per day since the beginning of the year. A floor for WTI has been established at $40/barrel and is starting to firm up. ... — read more
TWC is trying to reach you !
Anyone received this message from TWC? "Texas Workforce Commission (TWC) needs proof regarding any separation, severance, or wages in lieu of notice pay you are receiving or may have received."
TWC Unemployment after Severance
Has anyone received unemployment payment after reporting the severance package?
CoC briefing Monday
And interestingly the people in my “briefing group” are not the same people currently on my team on the org chart. Which again begs the question - wtf was the point of this reorg?
WTI; $42.20, High of $43.52 HMMM
Maybe the Costco guy really was seeing the tide turn. Pay attention to the collective guys “on the street” as they’re seeing what’s going on first hand. Research analysts are smart people but they see things on a delayed basis. (Hopefully none... — read more
DS with no golden parachute
DS is a joke in the oil & gas industry. He ruined a 100 year old company ! He is the most pathetic individual to run a company that was once a great company until he became the so-called main man in charge. He’s a joke. The board of directors all... — read more
Why was the Noble deal announced a week before CVX announced 2nd QTR results?
The all stock transaction deal between Noble and Chevron was announced a week before CVX announced their second quarter earnings. It wasn't just any quarterly report, it was the worst quarterly report Chevron has had in several decades. It lost... — read more
Dumpster fire
Ok, let's just level with one another, fellow LayOff'ers. Noble is and has been a dumpster fire. Chuck D. was a good man, honorable and had integrity. When he left, all of that went right out the door with him. Dave tried, but he failed...being a... — read more
More layoffs Aug 15??
Anyone else heard this??? PWC is trimming headcount for CVX for noncritical positions.
Hey what about Noble’s art collection ?
Now that Noble is going away, who will inherit all the “art” that adorns the Noble office - you know, the pieces AJ squandered megabucks of share holder money on? Will Chevron hold a garage sale? I’m most curious about the inflatable tree root that... — read more
Part Timers and the 180 day time frame
What will happen when you are not brought back to Full Time within the 180 day furlough and part time work status classification? In no meeting I have been in has this come up or been mentioned. I put the question in "anonymously" for the boss'... — read more
To Leave or to Wait for a Package? That is the question.
I've made it through a half dozen or so layoffs in my career. Never have I been more concerned that I won't make it over to Chevron. Do I actively look for a position now and take it before more oil & gas layoffs happen? (SLB just laid off 21k+) or... — read more
No reason to work hard
Given that chevron is buying Noble, your manager will have no say in your bonus (or job). So relax. Spend time with your kids. Watch Netflix. Don’t check your email after 4 pm or on weekends. Don’t polish your deliverables. Enjoy life and milk it for... — read more
Chevron increasing diversity ratio during layoffs
Chevron is considering diversity as part of their layoffs. Well, this adds a layer of intrigue. Particularly given Noble’s management class isn’t very... — read more
Offices Post Acquisition
What do you expect to happen with the offices post acquisition? Will subsurface and technical staff be assigned to Greeley, Denver, or Houston?
#TBT Who's ready for a Wall of Cash?
They were right about 2020, just not for the shareholders