The are also simplofoyong business line i to 3. Time for jevron to follow suite and move the SR office to Houston?
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“Relocate or resign” was an Exxon leader’s response to an employee question about whether severance or retention bonuses would be paid to workers willing to stay until the relocation occurs in July 2023 but who aren’t willing to move, according to several employees who attended various meetings.
Employers are sure playing the hard ball these day.
HQ will NEVER leave SR. Execs enjoy the lifestyle in CA way too much and can easily afford it. Houston is a dump. Ugly in every way. Trash all over the place too, like the sides of freeways. Embarrassing! No pride here.
XOM & CVX 🥱
I thought we had about 4000 on the SR campus. Is it empty now?
Chevron will only move out of SR kicking and screaming. The execs and their wives enjoy hob-nobbing with the Berkeley and Stanford wine-and-cheese crowd and the San Francisco arts scene, and their inflated salaries mean they can well afford to live in California. You'll notice there's basically no one left in SR except execs and their support staff. That is, common sense would tell you that you can't manage a company from afar, but the social life will keep them there.
Do you think this will cause layoffs or you guys just post random comments here?
@1ekf+1f4URV4m: ok, my bad. I don’t know much about XOM’s offices. So HQ is just moving to their new campus: that must have been planned a long time ago.
@1tfo+1f4URV4m Ummmm the cube is in their Spring office…which is where HQ is moving.
I would say wait five years and we can probably have XOM in a rain sale. XOM is following CVX for a change and not very well. They are doing a very flat footed "transformation" toward new energy and are way behind the curve. They are only figuring out now that anyone who does not use todays petrol dollars to invest in the landscape 20 years out will be road ki-l.
That's because everyone who just quit takes their photo in front of the cube, so they figured move away from the cube and problem solved.
how long until xom announces they want to buy cvx
Chevron will freak out at this news and try to be a fast follower in some fashion. Expect news by summer.
CA has their problem but at least in the expensive areas they keep the hood out. The problem with houston is there is hood everywhere. We also don’t lock up criminals.
Give it another 10 years and Houston will be a Detroit or Seattle. Unless we change something soon.
Don’t worry once Houston turns to crime it will soon spread to the burbs as it already is.
I’d expect the remaining HQ staff to be slowly consolidated in Houston over the next several years. Regarding a final move, will be interesting to see if MKW does it or leaves it to JG.
Another sign the oil and gas business is consolidating to save cost as companies change their focus from growth to harvest mode. Strange move considering oil is headed to $90 and then $100. O&G executives must be trying to appease their new bosses in D.C.
Big issue is Houston is a dump. Its cheaper to live than California and has good food but man its a trash heap.
Chevron should do a study on how much the corporate jets cost to shuttle whomever between SR and Houston. Further how much is spent on commercial airfare between SR and Houston. It's a no brainer that the SR HQ has no business in CA where the politicians hate Chevron!!