If there is clear evidence of continued deterioration of financial health, count on the unfortunate consequences i.e. Continued loss of jobs in 4th quarter and next year. I do hope things improve.
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Average price $36/bbl vs $50/bbl same period last year. Do the math. Management is doing a good job scaling costs and labor to revenue.
I don't know how long the charade can continue, but everything has its limits. Everything!
Smoke and mirrors, PowerPoints and slicked back hair. How long can the charade continue?
Another 'earnings' report that shows another massive loss. The spin doctors continue spinning (job preservation). WTF...how much longer can this continue?? Layoffs..asset sales...office closures...and the earnings needle continues to slide (oil has been up for the past quarter...so don't give me any BS nonsense about this being the sole reason). Revenue down...hmmmm...seems to correlate with the massive FAILURES of multiple high capitol projects. There is NO excuse for this..after what the company has implemented to promote efficiency and competitiveness during this economic cycle. Smoke and mirrors...the game continues.
78c per share loss! Wow!
He's not all heart. He is part a--.
That's why we love JW. He's all heart.
Also, expect to hear the real layoff numbers. John always tells investors the news before the employees. Always.
JW couldn't be bothered to attend the call. Is he playing 9 or 18?
I don't see any immediate upside to what can be said tomorrow at the earnings call. Expect more "spin" and lofty expectations coming from the Chevron CFO. JW won't be there either. He'll be hitting the links on Friday.