Thread regarding Chevron Corp. layoffs

Oil on its way back down to the basement. More layoffs seem inevitable.

The recent price "surge" is temporary. It is entirely reasonable to expect that oil prices, in the absence of a major supply incident (terrorism, war, natural diaster...), will not reach above the $50s for a very long time. Though I disagree with some the information this reference presents, here is one sobering view: http://oilprice.com/Energy/Oil-Prices/Can-Big-Oil-Survive-At-Todays-Prices.html

More layoffs seem inevitable but the real question is whether the Big Oil business model will even be tenable. What do you think. Are we too big to fail?

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| 3887 views | | 35 replies (last June 19, 2016) | Reply
Post ID: @OP+HQd6HQe

35 replies (most recent on top)

Yes Indeed, you certainly are.

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Post ID: @8xev+HQd6HQe

fascistic idiot!!!

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Post ID: @8osr+HQd6HQe

Yes indeed, I also feel certain that an adolescent insecure deadbeat who feels he needs to post braggadociously about his whereabouts to attempt to prove something to strangers(and himself?) in the middle of a thread where everyone else is joking, is very much "Better off than everyone else" Ha Ha Ha HA HA HA HA HA HA Ha..... !!!!

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Post ID: @8oyy+HQd6HQe

we have paramilitary guards here in river oaks, back off losers

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Post ID: @8mjs+HQd6HQe

I am posting from my box under the overpass of 59 and Hillcroft. I am much better off than the Rio slums.

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Post ID: @8sib+HQd6HQe

To the simpleton a couple of posts below... I actually am posting poolside from my River Oaks home. I feel certain I am better off than you.

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Post ID: @8jyd+HQd6HQe

You are safe Nowhere. Especially not Houston. Unless you are a naive idiot.

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Post ID: @8eog+HQd6HQe

yes, there are places in houston, where we don't care whats going on outside, we are safe whatever happens, but we tell you - prepare for upcoming events!

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Post ID: @8noy+HQd6HQe

Too funny! - Gotta love the arrogant little prick below who implies that because he lives in River Oaks in Houston, or wherever, that he's better than everyone else, yet he's here posting and trolling on "thelayoff.com" like the piece of trailer trash that he is!! The material that you read here is priceless, you really can't make this stuff up!!!

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Post ID: @8raq+HQd6HQe

OK little babies playing on your mommies PCs. Please try to post relevant to the thread topic (price of crude). There are chat rooms where you can go play with each other if that's all you have to do with your lives.

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Post ID: @8txd+HQd6HQe

Don't you children understand what I am telling you - to run away to small towns, take all your money from shares to cash and take your cash to some safe place from banks, which are going to block your accounts to bailout themselves. buy gold and silver, buy a lot of food, water and weapons. RUN RUN RUN RUN RUN RUN RUN RUN RUN RUN RUN RUN RUN RUN

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Post ID: @8ife+HQd6HQe

OK little babies playing on your mommies PCs. Please try to post relevant to the thread topic(price of crude). There are chat rooms where you can go play with each other if that's all you have to do with your lives.

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Post ID: @8lpv+HQd6HQe

No one believes that, dork. You played yourself and lost. Lol.

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Post ID: @7awx+HQd6HQe

LMAO @HQd6HQe-7okt, You've been played and you're too stupid to know it.

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Post ID: @7adm+HQd6HQe

@-7vlv, "Thanks for proving my point"??? Check the point you were trying to make. Just a moment ago, you took the opposite stance. Lol.

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Post ID: @7okt+HQd6HQe

@-7tve, Thanks for proving my point.

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Post ID: @7vlv+HQd6HQe

So true, 7sui. If I gave you my real investment performance, you'd just call it imaginary. Well, the next time you drive by River Oaks in Houston or Sweetwater Estates in Sugar Land or another affluent neighborhood in The Woodlands, do have the presence of mind that there are people with real non-imaginary investment performances.

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Post ID: @7tve+HQd6HQe

The "crystal ball" is a good name for the OP. I just caught that. In any event, I prefer the stock market./Oil prices discussion to the "who has a bigger dick" or whatever. Also, if you give your anonymous imaginary portfolio performance that no one can confirm anyway, you can be sure someone will chime in and top it with his or her imaginary portfolio performance. Let's hope this upward movement doesn't get shut down like before.

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Post ID: @7sui+HQd6HQe

If anyone has to try to convince anonymous readers on an anonymous blog that they are in the 10% number of posters who are serious legitimate professionals working for or retired from Chevron, then let me set the record straight... You are somewhere in the other 90%. Serious people don't waste their time posting silliness. It's easy to differentiate the 10% from the 90% on this site.

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Post ID: @7ord+HQd6HQe

I am definitely in those 10% of hero people, and I am telling you again to run away to small towns, take all your money from shares to cash and take your cash to some safe place from banks, which are going to block your accounts to bailout themselves. buy gold and silver, buy a lot of food, water and weapons.

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Post ID: @7cwi+HQd6HQe

@HQd6HQe-6jzg, Thanks for letting us know that you are part of the uneducated 50% who are just bitter idiots and your posts are meaningless because you are such a bitter person who simply gets on here to insult others. That is clearly evident in your post. I find a lot of useful info on this site about life after Chevron whether you do or not.

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Post ID: @6uti+HQd6HQe

50% of posts on this site come mostly from trolls and losers who were never Chevron employees or retirees. 40% come from bitter and under-educated Chevron ex-employees who were let go, and only 10% are legitimate Chevron active employees or retirees who are well educated and finally prepared for retirement or opportunities beyond Chevron. The idiot in the previous post is without a doubt in the 90% grouping.

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Post ID: @6jzg+HQd6HQe

Wow, you guys(or one guy who keeps posting pretending to be more than one) with the single digit returns bad-mouthing those who are actually successful investors! I feel Soooooooo bad for you! My deepest regrets. Sure, that is marginally adequate after you factor in inflation and other fees and commissions. I feel now that I am just being mean though. I apologize. I just figured the conversation was about successful investment returns not merely limping along. You can achieve that without trying. Again, My sincerest regrets and apologies.

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Post ID: @6hoq+HQd6HQe

I totally agree with @6lyi. An average return of just over 9% is more than good enough to live off your principal lump sum and 401k investments for a lifetime. It will keep up with inflation and provide you a comfortable living. Congrats to you with that ROI. Going for risky returns is not worth it when you are retired. The last 2 years have been difficult for me. I've kept a conservative strategy to my investments. I haven't lost a dime, but my returns were 6.2% in 2014, 6.9% last year and so far this year 6.6%. I'm afraid to stick my neck out anymore on riskier stocks and mutual funds.

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Post ID: @6yps+HQd6HQe

Getting just over 9% on average is not bad at all, @6foj. And "logic" does involve research. I'm convinced you are not a serious investor. A lot of talk, that's all.

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Post ID: @6lyi+HQd6HQe

@HQd6HQe-6nqe , "Using logic"? Hardly a wise indicator. I prefer using research. The stock market is and always has been the most illogical entity in the entire world of finance. That may explain your poor returns.

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Post ID: @6foj+HQd6HQe

Oh - I am not the troll that you responded to, I thought I'd just chime in because investing is my hobby and I like discussing annualized returns, etc, etc. It's too bad CVX has been beaten down so bad lately. But compared to an energy ETF like VDE it is actually faring quite nicely and the dividends are respectable. So, all things considered, CVX is one of the better ones to own. I think Boone P. even noted that recently.

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Post ID: @6lqd+HQd6HQe

Mine is 32.87%, but I do a lot of trading throughout the year and subscribe to a few newsletters.

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Post ID: @6soc+HQd6HQe

@6ynf, investing your money by flipping a coin might be your method but mine is using logic, which is the best substitute for a soothsayer so far. What is your personal average return on investment for the last 3 years? Mine is 9.23.

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Post ID: @6nqe+HQd6HQe

You can't beat the soothsayers on this site!!!! Too Funny!! They all have a different story for every week. This week oil is down because of this and will stay down because of that, Next week oil is up because of this and will climb up because of that.

Until NEXT WEEK HA HA HA HA HA! - then the story changes. Yes - they say - I told you, I told you ____- fill in the blank with what ever the market is doing that week.

You can't predict the future, dipshits. But keep trying so we'll have some people to laugh at.

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Post ID: @6ynf+HQd6HQe

@5owv, I share your view on things. I think oil will remain very low (below $50) for a protracted time. Stay tuned for how the United Kingdom "Brexit" vote will affect oil on June 23. If the UK decides to leave the EU, oil prices will drop further. It's dropping now because there's a good likelihood it will.

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Post ID: @5zxh+HQd6HQe

Oil closed today barely above $46. It will probably continue down close to $40, maybe even to the 30's (?). I fully expect the price of oil will be lower than Chevron management has forecasted ($55 avg by early 2017), and an additional 2-4 thousand layoffs will be announced sometime in November of this year.

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Post ID: @5owv+HQd6HQe

It reached into the fifties for quite some time but not above the fifties, which I assume is what you meant. However, it is making a fairly consistent comeback. Not a "surge" by any definition.

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Post ID: @1kjx+HQd6HQe

It 'Reached above the fifties" for a couple of days this week. Is this an old post or is the OP just braindead?

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Post ID: @1gip+HQd6HQe

Chevron is not too big to fail or too big to be acquired. Chevron continues to evaluate its predicament and is currently in asset divestiture mode, capital expenditure reduction, OpEx cutbacks and personnel layoffs. Chevron's CEO's insistence in maintaining the dividend will be his and the company's downfall. That's why I recently unloaded my remaining CVX stock position in my 401k when it hit $104. I may lose my job to the upcoming layoffs, but I don't want to be living in this house of cards when it begins falling.

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Post ID: @kzx+HQd6HQe

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