Thread regarding Chevron Corp. layoffs

Bringing in a Total exploration VP to be Chevron exploration VP is great for him ($$$$$) but terrible for Chevron. Definitely not an oil finder, and now saddled with a whole staff who couldn't find oil at a Jiffy Lube. Maybe DC can instill some of her "Excellence", or maybe the MIT graduates can whip up some AI magic ?!?

OP is just posting the HR script. Funny that a "major restructuring" is needed after a decade of deliberate corporate malaise and under-motivation in exploration. If you recognize that Chevron is "second-in" on any new exploration play (West Africa, Faroes, Norphlet, Mexico, Brazil, Guyana thru surrogate Suriname, etc., etc.), then recognize that Total is historically "third-in" - ironically, they usually attach themselves to Chevron to "get in" on plays Exxon, Shell, or BP opened. In other words, the new guy is missing qualities of bold leadership and risk-taking, what you would need for a "major restructuring". Add to that a third-tier exploration staff who haven't developed a successful play (let alone discoveries!) in so long there's little hope they can learn to do it now.

Lots of dead wood. JP or JP. MV. DC. That new Hess guy in GoA. Lots of others. But how many external hires can you actually do?

@gx so 30 direct reports per manager? How the fu-k does anything get done if you don't have any bosses capable of providing technical oversight?

You're dreaming buddy

GM layer will be cut by 2 thirds.streamline the org.

So who needs to go? Who is the least effective? biggest barrier to change?

And who the fu-k do you have to replace them with?

Turning point...

We've got nothing in the pipeline. This guy isn't going to produce any magic.

lets be honest. the previous vp was technically very limited, built a incestuous group of the same and over promoted very average talent. It's amazing it was allowed to go as long as it did. I saw another post about RM and honestly same issues. While not ideal to go outside it does mix up stale and tired fiefdoms

Commenting specifically on her Exploration results, Clay Neff said:

“Liz’s career has touched multiple aspects of Chevron’s portfolio, and I’m grateful for the contributions she has made to Chevron over the course of her career,” Neff added. “Liz’s thoughtful and collaborative leadership has consistently improved business outcomes in every organization and location where she has worked.”

exploration will only be successful if MW and MN believe in it. And they do not.

They are bad acquisitions type of guys. MN said so himself. He made a bad deal in Ames, and no accountability.

And they hired a dude who’s 100 years old with not a whole lot of energy and not a lot of success from total.

CVX has too many old farts through the org just waiting to collect their benefits. They don’t care to improve or change anything.

Chevron as an entire company has many leaders without clear vision. This has not changed with the new org.

"chance to redefine success."

LOL

MW and ELT have clearly redefined that success, with "failure".

Ah, got it. It must be due to Total's stellar record of discoveries—the burden of success is too much to bear and must be replicated here - compelling reason to leave right?. In a probabilistic world, I have 100% certainty about near future layoff rounds.