So the Hess deal didn’t go through, right? I mean we would have heard something by now if it did. Now they are just waiting until the earnings call to announce that we’ve moved on?
18 replies (most recent on top)
@dv you close to retirement? Or are you a disgruntled former employee that got canned during the wave of layoffs?
NC, a senior vice president at Exxon, said he was confident that the arbitration panel would rule in favor of the company and determine that it had a right of first refusal over Hess's stake, the media outlets reported.
So who do you believe.
Reuters website below:
The public news looks promising to close the deal, because EB says so....
https://www.reuters.com/business/energy/chevron-preps-quick-closing-hess-deal-awaits-result-exxon-dispute-2025-07-07/
@bw+1k08mxzv7
I am happy for you, you should prepare to be laid off. The Chevron corporate direction is to move the US based jobs to India as quickly as possible. 600 positions hired in 2025 and the goal for 2026 is 2,000 more positions. Then each subsequent year will add thousands more to India. I hope you are close to retirement. :(
Chevron overpaid just to save face.... More poor executive decision making....
Everyone calm down. The info that a decision is in, came from anonymous sources, and not from any official sources. The time line to convey decision was always ~September. Everything you hear until officially announced, is gossip, and unreliable at best, and outright untruth at worst
Patience people!
You got the wrong information. It's a victory for Chevron.
Pure speculation, devoid of even a single fact.
No one at Hess knows this. We are preparing for change as if we have won and as if the results are coming imminently.
@c1 Source?
we won
@bw I'm also a Hess employee, and acting with confidence while planning for the best outcome is NOT an indicator of the arbitration or the merger's success. Hess has been making VERY confident statements about the merger for almost 2 years now, and none of what we have been told so far has manifested in the same manner as it was described to us. None of the timelines or milestones have been predicted correctly so far.....
Chevron got it, current activities at Hess indicated the merger went through. I’m an Hess employee and I’m 100% sure the merger went through
Exxon would not wait until our earnings call to declare victory.
If anything, the timing of the Hess closed door selection event that just happened means that very senior people in Chevron and Hess were told of the outcome, and not Exxon.
Kinda like how we tell the successful candidates first after a PDC/ROM, and those losers aren’t told until after everybody verbally accepts the offer. OK now I’m making sh-t up
@OP I mean, “they” would have heard something by now that we didn’t get it by now, right?
Stop making $h!t up.
I heard we got it.
They just made some managed selections of Hess employees so that as soon as that thing is announced, those Hess employees become Chevron right away in the system within 48 hours.
If you guys didn’t get the deal, y’all royally sc--wed.
@OP Not sure if it's correct, but I also heard we didn't get it.