#1 in company in beating OPEX plan
#2 in company in cash to corp
New trajectory showing excess of 100MM cash back to corp thru 2028.
Not too shabby for being on deaths door according to those on this site.
5 replies (most recent on top)
Gotta love the ignorance on these posts. SJV still filling critical roles, including a brand new OS from Richmond. But go ahead and talk you nonsense, we’ll just keep making cash and out performing the rest of the company. You prob couldn’t compete so stay away
The only reason SJV is still around is because there are no serious buyers out there, and no one will shoulder the cost and liability of remediation. Chevron is putting no money into SJV, just milking it as long as it can, which makes the "numbers" OP cites look good, for now. Dead end BU, nobody in their right mind would take a job out there.
Thank the lord for TP. He saved that BU from destruction.
You should probably look at daily production rates. Then look at the historical average going back 5 years. At the rate we are shutting in wells it’s not hard to see where we go under. But then again what do I know I’ve only been in the BU a few decades.
If the meeting yesterday gave you the warm and fuzzy feeling you’re not paying attention
Most people understand that SJV is a valuable asset, the issue, or reason people say it’s on deaths door is because of the impact regulations have on the assets.