Chevron should be called out for its lack of loyalty to the country that has made them rich and successful. The company is making plenty of money but Chevron and most companies have lost their way and only care about shareholder wealth. Its not true that they are legally required to do this. Our leadership team are not only sacrificing their employees well being and livelihood, they are sacrificing health and safety with the extreme turmoil since 2020 and outsourcing many plant operations and health and safety to India. Do you trust India for safety or to manage our software data?
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Seriously - this one thinks that Capitalism works hand in hand with patriotism? Needs to understand capitalism better. Capitalism works purely and solely on TSR. Nothing to do with patriotism. And also - US did not make CVX rich. Other countries ( Middle East, KZK, VZ) did.
@fy+1jwnby0my
I respect your viewpoint and I agree with many items. But I heard on the financial news on Monday that it was less expensive for Apple to pay the tariffs than it is to return device manufacturing to the USA. It is sad to think that is possible but the tariffs are a smoke screen that looks like it will help the USA.
I agree. Where do those overpaid execs think their grandchildren are going to work if they sell out the American worker?
Sad
It sounds to me that a lot of job-seekers in the US are spoiled after having high-paying cushy jobs with not much interface with manufacturing, construction, etc. Sure, that's great for the higher tier employees with the top credentials who can land these positions but everyone can not and historically those positions have been limited. Good luck if you can. Throughout history, many of us had to settle for the mid level and even lower level technical positions and were happy to do it, have a platform to apply our skills and still make a decent living, with good pay and benefits. Everyone has their place. None of this is new and many older folks have gone though "resets" in the economy where it's hard to find work in your field and you have to branch out. Try not to make it so personal.
@g0 Unfortunately, because of the attack on higher education in the US, educated people are being actively recruited by the EU, Canada, Australia Japan, China etc.
@fy Apple is not bringing back manufacturing jobs. Apple plans to hire 20,000 US workers, but the focus is on research and development, AI, and other advanced technologies. There are 500,000 unfilled manufacturing jobs in the US. Nobody wants manufacturing jobs.
@bv However.. Reorganization events and attrition through retirement greatly impact knowledge and experience transfer to the remaining workforce. This has been a major issue throughout industry over the past decade, especially within legacy companies like Chevron with 20-40+ year employees leaving the company. As we discuss Operational Excellence and Maintaining Safe and Reliable Facilities with zero fatalities, sufficient cross-training and knowledge pass down is not happening companywide: leaving much of the workforce unprepared. This is an important key missing link that is overlooked and not sustainable that could eventually lead to a future unexpected catastrophic event that must be addressed. Along with distraction, resulting in the recent May 20th catastrophic fire @ CVX Angola Offshore that resulted in 3 fatalities and 8 serious injuries. I personally don't believe this unfortunate tragedy was coincidental occurring in the middle of the re-org event.
Completely understand being competitive but being #1 for profit and shipping thousands of high paying American jobs to India to staff ENGINE (circumventing the H1B Visa) because your competitors (Exon and Shell) did doesn't make it the ethical thing to do despite what competitors did just to be #1. Could have centralized Houston just the same. (bottom line is expensive salaries, thus offshoring to India) This is a pain point for many. Apple for example is happy being #2 or #3 with 28% of the global market share and remains well respected. Now they are bringing back much of their manufacturing to the US due to tariffs protecting American Jobs which is how it should be.
What we are seeing in the US is a repeat of the 'gilded age' (look that one up...), when profit was all that mattered, workers were just low-paid pawns, and nobody worried about safety.
Yes but the poor babies will have to produce something or provide a service and not sit and do nothing all day to collect a fat paycheck, so they will be terminally sore.
On the brighter side, we are going to have so many and beautiful manufacturing jobs coming to America! It will be fantastic! All those highly qualified engineers lining up all those assembly lines. Stop being sore, you lost and we are going to be great again!
How is this a MAGA item?
Chevron is 2x over-staffed versus peers. They recognized a need to right-size their operating model years ago. The fact that it took so long to execute embodies what is wrong with the Chevron bureaucracy.
The shift to India is largely a red-herring. These are generally lower value roles (or redundant staffing tallies) which would have been eliminated, automated, or outsourced years ago if Chevron had their act together. You remove India from the equation, and these seats still get eliminated.
Exxon did this shift years ago and is thriving...so much so that we're copying them. It's just business. Get over it.
"Country that made Chevron rich and successful"
Are you referring to Saudi or Kazakhstan when you say this?
Don't trust Indi@ for anything - can't understand them and have no use for any of them. They do not make America Great Ag@ain!