ELT focus

For some reason, the ELT has never concentrated on achieving true excellence in the fundamentals of the traditional oil and gas business. By that, I mean the essentials: negotiating contracts with governments, identifying and fixing the root causes of exploration failures, and maximizing resource recovery with efficiency.

Instead, the focus has drifted toward chasing the latest “shiny object.” At one point, we branded ourselves as a technology company that just happened to operate in oil and gas. Then came waves of emphasis on digital, leading performance, competitive performance, AI, and now data centers. It often feels as if leadership is embarrassed by the industry itself and compelled to dress it up with fashionable labels.

Yet for all this rebranding, I have not seen a single truly transformative solution that changes how we run the business. If anything, we’ve simply repackaged what we already do into newly invented categories. Fundamentally, nothing has changed.

#Leadership #Management #CorporateStrategy #OilAndGas

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ID: @a3+1k4mr30mf
The IT department is going to get worse because Chevron outsourced the work to MSP’s that hired people with very little knowledge and lack “real work experience”. Chevron IT is a $hit show and it’s going to get worse as the outsourcing to MSP continues.

long term strategy will likely be less on downstream
more on midstream/trading and upstream short term/long term deals with governments or B2B deals

@ez Indeed, no visionaries. That's why they can never make a plan with an outlook beyond 5 years (or much less!) and their only solution to their pathetic failures is reorgs every 5 years with zero accountability on themselves.

@ez That’s why we don’t put a finance person in charge—because they focus only on lagging indicators. What truly matters is the actions you take today, since those are what drive different results tomorrow.

The ELT is focused on a steady stock price and a dividend paid on time. The rest is background noise.

@a6 Do better! 🤣

@a3 You must have enjoyed whatever went down your throat.

@a8 "good riddance" is referring to me not being there, will not miss any of it, especially the Robotronic Town Hall Meeting. EB stating she wants "organic" instead of "inorganic", WTF is that?

@a3 good riddance? The people who brought these bs to us are still here! MW and MN!

Also the ongoing, repetitive gaslighting of the entire company year after year is counterproductive. Constructive criticism should be clear, precise, and tailored to specific, individual root causes. Broadly criticizing the entire workforce only drives away talent and high performers.

Do your remember, when they brought in the Microsoft CEO and proclaimed Chevron was going to model after MS? I do, and from that time forwarded CVX degraded into the mess you see today. No vision for energy innovation, politically slanted towards Democrat policies i.e. DEI, LGBTQ , climate change, zero carbon and other turdly ideas. I was there for 15 years and was absolutely nauseated by the DEI and LGBTQ emails forcing this cr-p down our throats! The Modern Desktop roll out was a complete POS and nobody ever spoke to why the IT performance was dismal. The trajectory they are on, they deserve, good riddance.

Thread regarding Chevron Corp. layoffs

ELT focus

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