Chevron's core strength is producing and marketing oil and gas. Everything else has been an abject failure. It's a bit embarrassing now that Chevron's efforts in the low-carbon/renewable space have been juvenile and half-hearted efforts (to wit: gas from cow manure? really? ...and throwing a few dollars at some unknown/unproven hydrogen start-up). Stick with your strengths, just as Exxon is doing.
@4yru+1kc22KhD said it perfectly.
I can think of quite a few car companies whose core competency was producing internal combustion engine vehicles. Until someone moved their cheese.
"...just as Exxon is doing". Exxon runs like the military, Chevron runs like a California commune.
I can’t think of a better use of taxes than to address pollution. Removing oil company subsidies should be next.
It's nice when the tax-payers help pay for your electric vehicle. That makes it affordable and economical for you, but not for everyone else. Who cares about them anyway, as long as you get yours.
Chevron should immediately fire all DEI and ESG people and stop all associated programs within the company. For good measure, move the headquarters to Bern, Switzerland.
Calif didn't ban anything. They just decreed new cars sold after 2035 must be emissions-free. 20% of the state is already driving Tesla or other electric cars so not really a stretch goal in my view. The remarkable Tesla and Fed incentives for this week will drive a lot more Tesla and EV sales. You can save a fortune on a new Tesla and get a new Chevy Bolt for about $18k.
@2zel, When does California plan to ban fossil fuel usage? Why do they continue to allow those two huge Chevron refineries to continue pumping toxins into the atmosphere? And when will Newsomes private jet be converted to all solar / wind?
@2zel, so do you work in Texas, which you hate, or in California, where they hate you?
@2zel, Tell that to all of the people who need to heat their homes this winter, with natural gas, fuel oil or electricity that is generated by those same fuels and coal. Come to think of it, what energy do you use, all solar panels which require hydrocarbons and it's derivatives to produce and are also toxic to the environment to dispose of, like lithium batteries? Most people are not hypocritical and just proudly fill your car with hard-earned, worked for and produced gasoline. That doesn't make them cretins or deniers of natural climate change which has been occurring throughout geologic time, far before human presence.
Part of the reason staff were allowed to move to Texas from Calif recently is the extreme disdain with which we are all held on the West Coast. Condemned from the governor on down. One doesn't dream of mentioning Chevron employment to a fellow Californian. Texans, on the other hand, are climate-denying, red state, truck-driving cretins who admire anyone with a job at all, but particularly with a huge oil company spewing toxin into the atmosphere in the name of profit.
@1hiw, no one's apologizing for having to produce the energy that the world runs on and will do so until the foreseeable future. If you come up with another feasible and cost-effective option, please let us all know , or become a billionaire on your own, either way, we're dying to hear about it.
https://www.youtube.com/watch?v=lmTJaC_kGwY
There has not been any failures in these new ventures as most of them have not been fully kicked off yet
We won’t…..period
Grow some nads and quit apologizing for being a “oil” company. They will move to “new” energies only because they will be forced to or be left behind.
Mindlessly Copying and pasting someone else's post is considered an acceptable thread topic on this site? Wow, just wow.
@1hcr high-pots with champions are never held accountable (just like their champions). Those put in charge of alternates/renewables are like being sent to summer camp - once they fail, they'll be brought back into the fold of the Chevron inner circle of cronyism and be put on staff or be put in BNV - the holding place until another management spot can be found for them. Losing money has never been seen by Chevron as a bad thing for management, only for the workers. Lots of people here mention Gorgon and Australia LNG. You'll note that no one - I repeat, no one - in management of those projects was ever held accountable for the massive cost overruns.
Are "we" the people who are laid off and post on the layoff's website or are they the Chevron community who post on a layoff site since it reflects the sad and miserable conditions of the workers?
If you’re comparing green boondoggles to Aus LNG then you clearly don’t work at Chevron. Gorgon and Wheatstone were a giant mistake by all accounts, the laughing stock of project management and cost control. The company will never attempt a project of that magnitude again.
Who has deemed this to be a fiasco? To me they are taking a methodical (maybe too slow) pace. It would take many dozens of misses to approach anything on the scale of the Aus LNG.
We all know this to be true. But we need some green chops apparently. So expect more virtue signalling.
Will be interesting to see if the HiPots they put in to manage this fiasco will suffer any negative consequences of the inevitable failure of these investments or just float on to the next big thing. I predict the latter.