Thread regarding Chevron Corp. layoffs

Word around San Ramone is that PB may have already accepted a CEO job elsewhere and doesn't want MW to know about it. It's basically an open secret at this point.

Water cooler gossip is that MW put the fear of you know what into NH about improving results or being sacked. NH wrote the memo but insisted PB send it since he is a lame duck. PB protested furiously but was told to send it or be sacked sooner than planned. So PB rewrote it and made it even meaner as a prank then sent it. MW and NH are furious now.

NH was promoted to run all the operations because of his brilliant competitive performance metrics scheme. Turns out that scheme doesn’t work. We can’t even consistently maintain our own performance much less improve or beat others. He will be out soon if things don’t improve.

“Upstream production, refinery availability and carbon abatement projects are all below plan,” Breber said. “Chevron is next-to-last among our peers in improving earnings per share on a three-year rolling average.”

The unusually blunt message, which made no mention of the holiday season (which will be bleak for Chevron employees this year), comes around the time Chevron typically pays bonuses.

"Do better" has to be sent to all Executives and top leaders not employees, they need to look in the mirror and see what are the past 3 year decisions that they can be proud of by adding any value and what are the disastrous ones [plenty to find in this category]. The leadership has no accountability and when they set the progress measure based on D&I, and bunch of woke and fancy terms, then they can not expect production and operation costs, to be going in the direction that other companies put their effort in real results driven initiative, so MW, PB, and all other leaders, the blame is on you and only you that after transformation and so much hype, the company you lead is trailing last!

@2cti, Racist will be racist whether there is DEI or not. Hope your soul is not as dark as it came out to be.

Just crunch in silence, smile, never say no, accumulate cash, invest smartly, don’t bury yourself with debt for that $100,000 Defender, and retire in the Canary Islands or Portugal whenever you can….

@2gcz+1q5Y4uOM CVX is su-king my soul from my body. I had to sit through a YE town hall last week, and it was mostly about DEI.

Diversity means non-white.
Equity means stealing from white people (including jobs).
Inclusion means excluding white people.

Every other contrived group of people gets an Employee Network (rainbow club, women, blacks, asian, hispanic, etc.). It’s time white people assemble a network to advocate for our own kind. All other identities and immutable traits can exclude white people explicitly and actively try to drive our numbers down (hiring targets, bragging about interns being all “diverse”, diverse supplier spend). White people have been browbeat into submission, nodding that it’s good that our culture is wiped out to atone for the supposed sins of our ancestors, too afraid to stand up for truth because you’ll be labeled “racist.” I’ve had enough.

Results are a direct result from the DEI push. I spent almost 20 years with chevron. Got platitudes and jawing from sponsors spouting the line only to see unqualified DEI people getting roles they were definitely not qualified for. I got 1 and 2+ and EE’s out the Yang Yang. It’s all politics. I quit and am much happier at a small E&P for more pay and less cr-p and no 6 page pmp’s and trying to justify myself to a sponsor who dgaf.

This is a combination of laughable, sad, embarrassing and infuriating. Let's get down to cases. PB didn't decide to write the email and send out all on his own. MW had to be directly involved. If MW didn't know, then he should be fired and not allowed to comfortably retire in March. Sr. management is a bad joke. I am in disbelief that these people actually sat down and thought this was a good idea. Have they no common sense? If they can't handle the simple tasks, how are they supposed to be trusted to run a major corporation. I am actually embarrassed to admit that I work for CVX. We all look like clown artists. The final stab in the back is for Sr. Management to blame the workers. They have got to be kidding. The old saying applies here perfectly. If the fish stinks, look to the head first.

Not to worry, someone from executive management is gonna get an ‘Expects More’ on their year end PMP.

Where is leadership accountability in all this? I have been working my a$$ off for years getting results for this company. My compensation sure as heck hasn’t been going up in the ways that executive pay has. They are the ones who brought in useless consultants spending exorbitant amounts of money for regurgitated “strategies.” And now all that we warned for years that would happen is coming to a head, and what do our brilliant leaders do? They blame the little fish. Give me a break! At least have some godda-ned backbone and admit you screwed up and set some clear direction for once in your lives. I wish to God had enough savings to get out of this miserable place. If you are a young career employee, do yourself a favor and go elsewhere. This used to be a great company but not anymore.

I agree, Sr. management really needs to do better. To properly motivate we should cut the stock bonus for grades 26 and above until performance improves.

Bèàtinğs will continue until morale improves. If ya’ll could just şũçķ less, that would be great, ok?

RESIGN

Mene mene tekel upharsin

Could this lackluster performance have anything to do with the decision to consolidate all operations into an OPG organization?

I think we need more scrum masters and agile projects to replace engineers and O&M with ChatGPT, so that we can have free AI workers to sing PB and MW ode on workplace, forever.

Obviously, it is now the employee's fault! After years of blindly following Mckinsey, BCG, and the like in developing useless-trite-over-used strategies and org structures, this guy has the gall to blame anyone but himself and his band of stooges. No wonder that the vision and strategy of the company have failed. These are all slick-talking snake oil salesmen with no vision of success. The entire bench of so called groomed execs needs to be kicked out.

Shell employee here. Jumped over to this board to see if Chevron is doing any better than us. You guys have m0rons running your company too.

Commenting on the angry note, CEO Mike “Coach” Wirth remarked “I agree with Pierre! Our workers had a terrible year and it’s about time they heard about it from leadership! It is disgusting.”

Yeah - it was Mike worth. The street has to know he’s getting us all straight. He means it this year! So transparent. I’d actually wager the whole thing was a stunt to get this into Bloomberg. Would sure explain the disjointed effort.

@uvp, some employee leaked the memo to Bloomberg, Bloomberg turned around and allowed Chevron to prepare comments before publication.

Intentional leak. You can tell by the Chevron’s statement. Trying to show the Street they’re whipping us into shape.

I like that bullet in the article title: "...operational missteps". That's a euphemism for 'poor strategy' or 'bad management'. Take your pick. Maybe both.

No Paywall

https://www.bnnbloomberg.ca/chevron-cfo-orders-staff-to-do-better-after-missing-2023-goals-1.2012135?prefer_reader_view=1&prefer_safari=1

Whoever sent the email to the press and asked bloomberg to write an article deserves a chairman's award !

It's definitely not that they bought Hess at a huge premium, or that they allow incompetent butt kissing leadership to continue to run Capital Projects, or that shale targets were overly optimistic to start with, it's refining being below target and carbon abatement that caused our stock to be down 16% over the year.

P "le imbécile" B

I'll fix the article for them "Chevron Executive Management needs to do better because they destroyed the employee morale and the organization of the company with a massive 'transform to win' layoff campaign. They ask us to do more with much less. How can they expect any different from us?"

Good job boys. The word is finally out about PB. First round is on me.