CBU is a start, what others are in the queue?
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Our total cumulative multi decade production out of Venezuela is like a couple million barrels of horrible sludge.
Who would be dǔmb enough to buy SJV with the abandonment liability? It would cost a billion dollars to close down KR alone.
Why not give up Venezuela? Does that produce oil or sponsored visas that get to b-m around in HR?
That CBU post was definitely written by an AI Chatbot.
Current gmo jp is a lower. Every place he's been he left a disaster
CBU for sure ....
The current state of affairs at CBU has raised concerns among many of us, as we've observed a noticeable decline in the overall health and cohesion of our organization. While we remain committed to the success of CBU, recent developments have left us feeling disheartened and uncertain about the path forward.
In particular, the challenges stemming from ineffective management practices and dynamics within certain departments, including HR, have been difficult to ignore. Despite our collective efforts to address these issues, the situation persists, leaving us wondering about the best course of action.
Compounding our concerns is the unfortunate realization that certain practices, which we believe to be contrary to our values and principles, have gone unchecked. While we understand the complexities involved, we can't help but feel disheartened by the apparent lack of oversight in this regard.
As loyal employees of CBU, we remain hopeful that these challenges can be addressed in a constructive and proactive manner. We believe that by upholding our shared values of transparency, accountability, and ethical conduct, we can work together to overcome these obstacles and steer CBU back on course towards success
GOM: reduced size but keep going as long as production is there, no or low capital allocation
Angola: too much legacy stuff, difficult to sell (I am sure they have tried)
Nigeria: might try some more exploration, but is on the chopping block now that Agbami is dying
Congo-Brazzaville: all gone or will be soon
EG: surprised they are keeping it
They ain’t giving up Venezuela, keep dreaming
HR and IT are needed. May be trimmed and costs cut significantly, but you can't have a company this large without HR or IT
HR and IT
SJVBU
Chevron 2027 will simply be:
Perminan( North America)
Gorgon/Wheatstone (Asia)
TCO.(Asia)
Everything else gone to ensure MW can fully find his and RM's planned retirement.
they mentioned them on the call last week: CBU, East Texas, Congo
GOM
Angola
Nigeria
Venezuela
Lubricants