In 2020 we had the Winning in Any Environment layoff event. Since we are now laying off again it is obvious we lost in every environment. That falls on our leader MW's shoulders. We have lost the stated Chevron Way because of MW. We have little to no integrity which can be attributed to MW. We don't find new reserves under MW. We are a finite company who won't exist somewhere in the near future because of MW. Why did the board change the age rules to allow MW to stay in power beyond his 65th birthday? MW has taken a once thriving company and driven it into the ground. Best of luck to all those who choose or have to stay to turn out the lights for the last time.
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The irony of MW rising to power due to his Accelerate Downstream yet increasing cost overruns across the organization. This botoxed muppet's legacy will be the stain on Chevron's long history. It's been downhill since Dave O'Reilly.
One success is MWs undying love for Cramer. Otherwise he has been an utterly disaster for the company and employees.
Lol yes the extended age is funny. But in a class of students getting F’s..the one with a D- is the best option
It is amazing how well MW has been able to shrug off all accountability for the company's failings. He had the board begging him to stay and even changing the mandatory retirement age for him. He has been an unmitigated disaster for the company.
Company failures are squarely on MW at this point.
Don't forget about the massive cost over runs and time delays on the bigger projects like: Gorgon, Wheatstone, and Kazakstan. More failures under the CEO.
We didn't lose in any environment. Company made record profits the last several years. We were second only to Exxon in total shareholder return. There is some fat to trim, but what is happening is a laser focus on improving shareholder return and boosting LTIP with little regard or care of anything else.
“Lost in every environment” is the best thing I’ve read all weekend.
Failing “Better than the best” .
All true, OP. I'm equally sad that the company we built up is now like an airplane in a stall, slowly losing altitude while management weakly attempts to start up the Engines (pun not intended). You're correct, all MW's fault. No strategy, no vision, no leadership, just cost-cutting round after cost-cutting round. Fooled into thinking that Australia, Tengiz, and the Permian would fuel the company forever. Fooled into thinking the Hess deal was air-tight. Why past 65? He prepared no one to take over from him, or alternatively those being prepped (like EB) have turned out to be duds. Perhaps saddest of all (or most ironic) is that this decline closely matches Texaco's decline in the 1990's.
@OP+1jm809w99 - would be nice if the actions matched the words e.g. Accountability
We can bi--h and moan all we want, nothing is going to change.