Thread regarding Chevron Corp. layoffs

MW would love an externally driven price hike. They help to cover up gross financial inefficiencies in a company. Look back to ~2000-2014. Big oil price hikes hid the inefficiencies and massive cost overruns of the DO'R and JW reigns, ultimately forcing JW to 'retire'.

@fj

lol… nothing any CxO says, regardless of medium… WSJ.. CNN… WPO… means anything.

The markets will tell the story.
Hope and gab is not an investment strategy.

Wirth may be correct that oil markets and undervalued, though something is only worth what someone is willing to pay.

I’m not sure what the sentiment is like in the US, but I can attest that outside of the US, the current situation is steering the conversation toward energy sovereignty and a reduced reliance on foreign oil. It’s further decreasing the desirability of oil and the oil industry, and driving investment in alternatives.

So whilst this war may have a short-term benefit for the oil industry, it’s likely to be to its long term detriment.

Don’t be foolish, Wirth has 100% called DT multiple times. Venezuela is a key example of that symbiotic relationship. Guarantee he will soon be saying CVX can solve the crisis by supplying barrels from our investments in VZ and Guyana.

Drilling in Alaska is no different, DT called Wirth and asked him to do it… guess what’s happening soon? Right. Orchestrated theater.

He’s artificially inflating the price of oil by making these types of comments

@ae

Assume by $7 you mean gasoline.
That will be the most visible “time to panic” signal to the public (uninformed, emotional… and too easily egged on the “pretty faces on TV” just reading from the teleprompter.)

It’s diesel (first), and jet (next) that are the most important fuels.

@ae are US employees' pensions mostly Chevron stock or something? If not then it's pretty sht as it's gonna fck the economy

Well the man has destroyed an awful lot of value and failed to have much of a coherent growth strategy for the last 6 years, so, the question is, does his view have much truth to it? Hard to give him much credit for this latest blip. Midland and Oz have worked out, but we are in free fall everywhere else. Higher oil prices for a while if he is right, then what........

@br who hurt you babe?

@at the “war profits” keep the coffers filled and your useless a*s employed

@a6 I wonder if MW would have the ⚽️⚽️ to call the orange 🤡 a fu--ing mo--n like RT did. That must have been hecka satisfying for him. 😂

@ae - define "us" - if u think it's u and me, i really dont think we will be better off... we all know that $$$ will flow to the c-level robbers and shareholders. the rest of us are just slaves, we used to be well kept slaves, but even that is not true any more. all is see is destruction, greed, grift and sorrow

War profits will only pad the c suite and shareholders. They’ve already beat us into submission so expect to continue to be bent over the barrel while they ride us to the bank..

California nearing $7... Will rise further. High volatility and geopolitical sh-t. It can only go up. It'll take a decade to clean this up. In the meantime it works for us.

@OP

Sure, that's probably true. But MW's current responsibility as a fiduciary to company is to deliver shareholder value to company. Are these comments an audition for a cabinet position in the future like Rex Tillerson got?