Attrition is about the same rate as it has always been. Many people like to imagine that it's higher because of this or that personal pet peeve. Not so. It's very stable. Remaining O&G employees that have a job are grateful for that and are holding out until their optimal retirement dates. Nothing has changed in that respect.
@2fil+1dzojVje is 100% right.
Criminals don't care about laws that they break, they don't even know many of them exist, as you can see below, they have no morals, typical of most leftists.
What law? Post it here. We’ll wait
Yes, good advice. If you are such a pathetic loser that you can't make it with your own effort, salary, etc. then break the law. This is why I love the "Layoffs" crew. The people in the company either laid off or getting ready to be, lol!
I don’t understand why anyone would quit during WFH. If you want a second job, just take it and do both. It has become a popular thing the last couple years. Just keep it in the DL and you are fine. I guess some people will have to choose one job if WFH actually ends.
Segment rates have gone up leading to more retirements among the 30+ year folks.
A lot of attrition in IT right now.
Production was stuck around 2.5 mboepd for many years as we promised imminent increases.
What was production in 2004 versus 2020?
US employees end 2020 was 23,700 which is not too different from 2004 when it was 25,000. About a 1% decrease per year which is very low attrition (less than normal retirements and deaths). This shows layoff events did not impact headcount and were actually high-grading - firing underperforming older employees and replacing them with smarter, harder-working younger staff.
The big difference in headcount is non-US which has shrunk steadily from 37,000 in 2002 to 24,000 last year. The obvious reason for that is the disappearing businesses in Indonesia, Thailand, UK, Philippines, Brazil, Colombia, etc. Some of those BUs had massive headcounts.
Attrition may be the same but our company is shrinking. We had 61675 employees at the end of 2008. We only had 42628 at the end of 2020. I hope to hang on for another twenty but that looks like a long shot.
from OP: "...Remaining O&G employees that have a job are grateful for that and are holding out until their optimal retirement dates..." The first part is correct, analogous to surviving a nuclear attack. That said, the second part is correct only if you're over 50 (and there aren't too many of those left). If you're under 50, the green transition is going to eliminate your job in the next ten years unless you rebrand your career as a wind turbine or solar panel installer. Petrotechs are the most threatened. Their professional organizations talk about re-tooling for carbon storage and the such, what they aren't telling you is that it will require only about 25% of the current petrotech population. Petrotechs are the carburetor and VCR repairpersons of the future.
Shenanigans. In the previous 2 years no one on my teams quit. I’ve had 3 leave in the last 6 months.
Where are petrotechs going to go? Geologists as well? Even though they are the heart of the organization, they are stuck unless they change careers.
better get the EOI package now than wait for the next one
the package can only get worse, not better, with more scrutiny on oil&gas
Some attrition in IT. Lots of good roles out there and people are burned out.
I assumed it would be less. After everyone saw what the payout was in the EOI, can't imagine anyone quitting and missing out on that. Or getting the sack.
Got to ride the wave while you can.
The cycle is the same. Attrition of petrotechs remains low, but oil is starting to rise. Within about a year all the companies will realize that supply is disappearing due to several years without serious exploration. All stops will be off as America’s demand to continue driving their huge cars, and companies will be scrambling for any warm bodies. That’s when the musical chairs start and attrition will shoot up. No one will give you much of a bonus to loyally sit in your chair as the music plays, ya got to move you bu-t to move up!
Go tell that to HR. 11 people that they did not want to leave said enough. It was not one group or one manager. It was 11 people all over the function with 2-18 years with Chevron. HR is broken.
Fake news
The EOI/layoffs only makes it an optimal time to retire, so you see a temporary uptick. All else being the same, the OP is correct.
10% just hit EOI. Any loses from there should be shocking. It being the same as normal is just crazy. These are their favorites that are blinging middle fingers out the door.