After reading these posts and the moral crushing from leadership, I am so glad I retired when I did. Besides a great severance and now being richer than sn-t, I no longer have to put up with endless layoffs and outsourcing to other countries. Best decision I ever made.
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The same question " try and find one who regrets their retirement" can be applied to any time frame and is highly likely to result in the exact same answer. You can't.
I took the package years ago. Not me nor anyone I know said they regretted retiring.
No one in the consulting firms regretted retiring.
No one in construction regretted retiring.
No one in sales regretted retiring.
No on in procurement regretted retiring.
No one in Operations regretted retiring.
No one in Drilling regretted retiring
No FEs or Geologists, etc. regretted retiring.
They all claim it is great and "should have done it sooner".
Not when I retired and not those who retired during my 41 years of service.
Now maybe they are lying or just making small talk when you ask them. sure. That could happen. And I'm sure there are a rare few who may have regretted it. I just haven't come across any.
@y1+1, well, no. 2020 and 2025 resulted in many people who retired (through EOI or otherwise) before they would have under "normal" conditions. 2015 was even worse. Clearly you're too young to have ever faced that decision - regardless of the economic or company situation at the moment, it's really difficult to knowingly walk away from the career that you've spent decades on, especially earlier than you expected or planned. There are a few (and I do mean few) who will get hired somewhere else, or go into consulting (at best a part-time solution), most are facing the end of the road for their careers. My point was that in retrospect honorably ending your career turned out to be a much better solution than continuing in the Chevron maelstrom of failed management and no strategy. Yes, the industry has seen many downturn cycles, but Chevron's situation now is far different (and worse) than it has ever been in the past.
@xr, the same question " try and find one who regrets their retirement" can be applied to any time frame and is highly likely to result in the exact same answer. How is that in any way significant? The current work/hiring/layoff environment in the O&G industry is hardly unique or special. We have been through much worse.
Here's the litmus test: Of the people who retired 2020 or this year, try and find one who regrets their retirement. I'll save you the time: you won't find any. Chevron is in a tailspin that will be near impossible to reverse. Don't jealous of those lucky enough who had a parachute.
@a5+1: "everyone who worked with you was happy to see you leave" so you could take over my position, which you were never going to earn on your own.
@a6+1: "This post describes the boomer generation perfectly." Well, yeah, you're right. Except that we actually grew the company, for a while made it the envy of the industry. We left you quite a legacy, which you're squandered the last five years. Keep working hard to pay me my dividends...
It is almost as if the company has come to the realization it is not economic to try and grow any more. If all you are going to do is focus on production, then management can start cutting costs to the bone. According to the EIA production forecast US production is at a peak and is in the process of rolling over.
@OP when did you get divorced again?
@OP your need for validation is hilarious
Super helpful post, thanks
Ok.
@a6 Describe your's?
;)
This post describes the boomer generation perfectly.
everyone who worked with you was happy to see you leave