Top Heavy as usual.
20 replies (most recent on top)
I'd like to know too, Any news on SJV?
With a redundant general manager and ops general manager it’s no wonder why this company is bleeding cash out.
The reorganization didn’t really make decisive decisions with leadership…they aren’t drilling and they renamed Superintendents to Senior Managers. They also added cogen senior manager so the dude that just left is probably coming back.
It’s so bright we have to wear shades! Free ones at that!!
Like I mentioned in previous topics, we will hold onto KR due to the liability and we will have it until it’s remediated. All other assets could be sold if there are interested suitors.
CVX can just Hang onto the reserves until 2050 when the shale bo-m is over and the federal government mandates all states to produce as much oil as possible and CEQA is struck down
Death by 1,000 cuts, literally. You know any heavy oil operations anywhere, any company, that are succeeding right now? Diminished capital, diminished production, eventually no work. Others here are right, Chevron will have to hang on to SJBU properties forever as there won't be any buyers willing to accept shutdown and remediation costs.
Bleak
Y'all can sell some of that to your neighbors.
Kern River, you may be stuck with.
2 highest cash back in upstream and 8th in the company. Little engine that could. Will be viable till 2028 at least
Sell high, buy low.
All people hear is how much they are making for the company……
It made more money that El Segundo this year
Funny people saying sell sell sell. Ain’t no one buying that asset
Sayonara Joaquin Valley
It’s dying and dying fast. The more wells lost to SE the more cuts on the horizon. Eventually it will be barren land that the company will retain.
Sell baby sell
Performative operations until the end of time to escape dealing with closure and clean up costs. More and more cuts.
Close down Energy Center. Office staff go to Kern River and/or Houston. VP and GM leadership into another BU new design to cut out highest cost people. Ops barely touched again?