Chevron to layoff 8-9000 employees, 10-15 % of global work force

[Tigbitties38]

Not bad. Chevron plans to reduce workers by 8000-9000 people in the energy sector. On trump's watch. What happened to "drill baby drill"?
We were already pumping record amounts. Could the oil industry know more than the lying current administration. They did it to save money. And right out of the gate, Trump gets caught lying.

That's not adding jobs, is it?

[The_Waco_Kid]

Originally Posted by Tigbitties38

Not bad. Chevron plans to reduce workers by 8000-9000 people in the energy sector. On trump's watch. What happened to "drill baby drill"?
We were already pumping record amounts. Could the oil industry know more than the lying current administration. They did it to save money. And right out of the gate, Trump gets caught lying.

That's not adding jobs, is it?

global workforce. yes?


these cuts are COVID related. but you knew that right?


https://finance.yahoo.com/news/chevr...172234202.html


"The cuts will put further pressure on US oil and gas job numbers, which are still about 10% below pre-pandemic levels despite domestic production rising close to a record high. A wave of mergers and acquisitions, improved drilling efficiency and a focus by management on profitability over production growth have all led to staff reductions and slow hiring."


nice try blaming COVID on Trump and his re-election.

[Precious_b]

Originally Posted by Tigbitties38

Not bad. Chevron plans to reduce workers by 8000-9000 people in the energy sector. On trump's watch. What happened to "drill baby drill"?
We were already pumping record amounts. Could the oil industry know more than the lying current administration. They did it to save money. And right out of the gate, Trump gets caught lying.

That's not adding jobs, is it?

Originally Posted by The_Waco_Kid

global workforce. yes?


these cuts are COVID related. but you knew that right?


https://finance.yahoo.com/news/chevr...172234202.html


"The cuts will put further pressure on US oil and gas job numbers, which are still about 10% below pre-pandemic levels despite domestic production rising close to a record high. A wave of mergers and acquisitions, improved drilling efficiency and a focus by management on profitability over production growth have all led to staff reductions and slow hiring."


nice try blaming COVID on Trump and his re-election.

Ima sure those trumpers standing in the unemployment line will understand that.

[The_Waco_Kid]

Originally Posted by Precious_b

Ima sure those trumpers standing in the unemployment line will understand that.

i'm sure global workforce means non-americans will be laid off

more interesting is this

"The company recently moved its headquarters from San Ramon, California, to Houston, Texas, and is targeting $2 billion to $3 billion of structural cost reductions by 2026."


anything you can think of why Chevron fled Kalifornica for Tejas?

[500sl]

Originally Posted by The_Waco_Kid

i'm sure global workforce means non-americans will be laid off

more interesting is this

"The company recently moved its headquarters from San Ramon, California, to Houston, Texas, and is targeting $2 billion to $3 billion of structural cost reductions by 2026."


anything you can think of why Chevron fled Kalifornica for Tejas?

It take less people in Texas to do the same job. Old Uncle Elon fired 80% of the Twitter nerds in California and it is still operating just fine

[The_Waco_Kid]

Originally Posted by 500sl

It take less people in Texas to do the same job

and it costs far less. most of the people to be laid off are staff not actual field workers.



production won't decrease due to any of this.

[Lucas McCain]

I'll just say that when I worked back in the day as a consultant for oil companies to help reduce their costs to increase their margins, my opinion is that layoffs should be more prevalent in that industry.

A lot of those behemoth companies are probably as wasteful as our government with employees they don't need... to say they are pretty bad with keeping up with job duty redundancy/duplication is an understatement.

I'm not going to blame Trump for what I think is a wise business decision for Chevron's shareholders.

[500sl]

Agree. The big companies have lots of chiefs and not many Indians

[HDGristle]

Will be interesting to see if this cuts into their $1bn Indian engineering center investment that's supposed to employ about 600 as they offshore U.S. roles.

[RX792P]

Originally Posted by The_Waco_Kid

global workforce. yes?


these cuts are COVID related. but you knew that right?


https://finance.yahoo.com/news/chevr...172234202.html


"The cuts will put further pressure on US oil and gas job numbers, which are still about 10% below pre-pandemic levels despite domestic production rising close to a record high. A wave of mergers and acquisitions, improved drilling efficiency and a focus by management on profitability over production growth have all led to staff reductions and slow hiring."


nice try blaming COVID on Trump and his re-election.

2025 cuts are COVID related? Sheesh.

Even Chevron is forthright
Chevron Corp. plans to cut its global workforce by 15% to 20% by next year, as part of efforts to reduce costs and raise profits.

[Unique_Carpenter]

Originally Posted by Tigbitties38

Not bad. Chevron plans to reduce workers by 8000-9000 people in the energy sector. On trump's watch. What happened to "drill baby drill"?
We were already pumping record amounts. Could the oil industry know more than the lying current administration. They did it to save money. And right out of the gate, Trump gets caught lying.

That's not adding jobs, is it?

Sigh,
That's Chevron, Managers, Refinery mgmnt, and distribution staff. Mostly white collar.
Chevron HQ is leaving Calif for Texas is one item.

As for drilling....
Almost all drillers worldwide are independent entities.
Halliburton comes to mind, and they are currently hiring for offshore drilling operations Brazil. This is field engineer work, not white collar.

In closing, yes it is now a global workforce across all entities and countries. But, it is job specific. White collar jobs are on their way out as paper shufflers are not production, and are replaced by computers. Hands on field engineers in specific trades are the hot hiring ticket nowadays.

And yes non US citizen employees outside of the US are less expensive.

[VitaMan]

Originally Posted by The_Waco_Kid

"The company recently moved its headquarters from San Ramon, California, to Houston, Texas, and is targeting $2 billion to $3 billion of structural cost reductions by 2026."


anything you can think of why Chevron fled Kalifornica for Tejas?

The Chevron CEO gave a lot of reasons. One is to be closer to their suppliers, many based in Houston, energy capital of the world.

[Unique_Carpenter]

Vita,
Don't leave out that Calif politicians have passed laws to regulate actual gasoline production quantities and pricing in Calif.

Btw,
Calif has the highest gas tax at the pump of all states.

Btw2,
A side comment for another refiner:
Phillips 66 closed its Santa Maria CA in 2023.
Phillips 66 is also closing its Wilmington CA refinery fall 2025.
Both closed due to the cost of doing business in CA

[Precious_b]

Originally Posted by Lucas McCain

I'll just say that when I worked back in the day as a consultant for oil companies to help reduce their costs to increase their margins, my opinion is that layoffs should be more prevalent in that industry.

A lot of those behemoth companies are probably as wasteful as our government with employees they don't need... to say they are pretty bad with keeping up with job duty redundancy/duplication is an understatement.

I'm not going to blame Trump for what I think is a wise business decision for Chevron's shareholders.

I can believe that. Too bad offshoredriller ain't here to interject. Love to see that series with Billy Bob Thornton about the oil fields.

[VitaMan]

Anyone really interested in the reason why Chevron moved to Houston can probably find the interview
the CEO did, right after the announcement was made.