Thread regarding Chevron Corp. layoffs

I love how her LinkedIn farewell repeats that tired old trope “great things ahead in our exploration queue!” which perpetuates the mirage of a huge discovery just around the corner due to our superior technical work and leasing ingenuity.

I would complain about the tag #Leadership being added to this thread. LS demonstrated none. Took no risks, inspired no one, just parroted whatever SR told her to say. Only accomplishment seems to be a record number of "keynote addresses" at trade shows.

I'm baffled whether OP is serious or the king/queen of parody. Without being overly critical, MARC and DEI catapulted LS into the stratosphere of Chevron management. Ten years of no discoveries whatsoever says all you need to know about her career.

@g7, agreed. Tengiz will be a repeat of Indonesia and Thailand. With that much production, though, Chevron may hang on to it even with pathetic profit margins. Kinda like the Permian, eh?

I expect the PSA extension for Tenghiz will fail, and the assets will revert to the government in 2032. This will cut production in CVX massively. Even with an extension, the terms that Kazakh negotiates will make Tenghiz a very low profit venture. It is a massive environmental liability with its stacks of sulphur. Plus, a major H2S leak could ki-l many people. If we cannnot operate a refinery in CA, then a H2S facility is even higher risk and higher chance of a big disaster

@ef, current exploration GMs have a cumulative reserves add of zero. Most are either yes-men or diversity placements.

It is a bitter pill for all the Exploration GMs to be passed over in favor of an unknown outsider who is expected to "shake up" the organization so it can perform better than bottom tier.

DEI did so much to advance these white women. Thought it was a program for others?

@af, Anchor and Ballymore were discovered under the old DWEP management. Sadly, all the G&G people responsible for those discoveries and their management are long gone. LS was CTC's "training coordinator" around that time, and prior to that specialized in folding maps in New Orleans and Covington.

@OP Liz, is that you? Are you writing an ode to yourself?

MW

Neither LS nor any of her GMs can take any credit for discovering a drop of commercial hydrocarbons. All our exploration "adds" for a decade have been acquisitions or Permian acreage we have had for a century.

LS didn’t develop successors. AD is an arrogant narcissist who presided over about 8 years of dry holes in GOM. HK can’t make a decision. They fired the only person who had a discovery in the last 5 years, and AD ran off someone he perceived as a threat (GL) and got him sent to Nigeria. But TTE guy, your easiest layoff is DC and MV.

She was a geologist, not a geophysicist

People at her level get credit for other peoples work. ;)

Honest question, what discoveries is she attributed to? I don't think she was involved in Anchor or Ballymore, but that was just 10 years ago.