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Started By
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Simple question for the engineering folks...given the recent drop in oil prices
Posted on 1/6/15 at 4:00 pm
Posted on 1/6/15 at 4:00 pm
If one of the Big Oil companies like Chevron, Shell, Exxon, Valero, etc. would make you a lucrative job offer (let's say 20% more than your current pay), would you turn it down due to fear of getting laid off months later or would you roll the dice and see what happens?
20
Posted on 1/6/15 at 4:01 pm to Hammond Tiger Fan
If they offered you during the down turn in oil prices then you should be good.
Posted on 1/6/15 at 4:01 pm to Hammond Tiger Fan
Big Oil is safe. Now if it was someone like Halcon, I'd say no. But they were fricked before all this anyways.
Posted on 1/6/15 at 4:01 pm to Hammond Tiger Fan
Why on earth wouldn't you? This isn't going to affect companies like that.
Posted on 1/6/15 at 4:01 pm to Hammond Tiger Fan
Depends on if you're worth the money. If not, the overpaid are the first to go.
ETA:
I agree with this as well. When everything started to turn down 6-7 years ago people in the engineering and design side were getting picked up by the plants.
ETA:
quote:
Why on earth wouldn't you? This isn't going to affect companies like that.
I agree with this as well. When everything started to turn down 6-7 years ago people in the engineering and design side were getting picked up by the plants.
This post was edited on 1/6/15 at 4:04 pm
Posted on 1/6/15 at 4:02 pm to Hammond Tiger Fan
lolengineering
Posted on 1/6/15 at 4:03 pm to Hammond Tiger Fan
quote:No... these companies are smart. They aren't hiring someone and training for a job just to lay them off a couple months later.
If one of the Big Oil companies like Chevron, Shell, Exxon, Valero, etc. would make you a lucrative job offer (let's say 20% more than your current pay), would you turn it down due to fear of getting laid off months later
quote:I wouldn't call it rolling any dice.... I guess if i'm leaving a VERY secure job, whatever that is these days...
would you roll the dice and see what happens
Posted on 1/6/15 at 4:07 pm to CaptainPanic
quote:
lolengineering
WTF are you laughing at?
Posted on 1/6/15 at 4:18 pm to Hammond Tiger Fan
quote:I retired from Chevron and if they offered jump all over it - they have money on hand and will start to buy some of these companies who are running into money problems because of 50 dollar oil.
If one of the Big Oil companies like Chevron, Shell, Exxon, Valero, etc. would make you a lucrative job offer (let's say 20% more than your current pay), would you turn it down due to fear of getting laid off months later or would you
Posted on 1/6/15 at 4:19 pm to Hammond Tiger Fan
I'm not in engineering, but I would take a job with Chevron or Exxon in a second.
Posted on 1/6/15 at 4:21 pm to Hammond Tiger Fan
quote:The chances of you getting laid off with majors very slim
If one of the Big Oil companies like Chevron, Shell, Exxon, Valero, etc. would make you a lucrative job offer (let's say 20% more than your current pay), would you turn it down due to fear of getting laid off months later or would you roll the dice and see what happens?
Posted on 1/6/15 at 4:23 pm to Road Tiger
quote:
Big Oil is safe. Now if it was someone like Halcon, I'd say no. But they were fricked before all this anyways.
Slightly off topic/slightly MT, but what's up with Halcon specifically? Are they in a for sure death spiral or expected to make some kind of recovery as crude prices go back up?
Posted on 1/6/15 at 4:25 pm to Hammond Tiger Fan
Exxon goes through engineers like they are a dime a dozen...at least there used to be a lot of turnover. Still, as an engineer, it would look good on your resume' if you had ever been hired there.
Posted on 1/6/15 at 4:25 pm to weedGOKU666
If prices go up they should be able to steer out of it. Long road to recovery though they lost their arse in the TMS.
Posted on 1/6/15 at 4:29 pm to weedGOKU666
quote:They were in trouble when oil when $100+. They're really in trouble now. Don't see them recovering
Are they in a for sure death spiral or expected to make some kind of recovery as crude prices go back up?
Posted on 1/6/15 at 5:19 pm to Flame Salamander
quote:
Exxon goes through engineers like they are a dime a dozen...at least there used to be a lot of turnover.
out of probably 20 friends i have the work for exxon not a single one has been fired/laid off or have they talked about anyone getting fired/laid off and they've all been working there for at least 6+ years...
where are you getting this shite from?
This post was edited on 1/6/15 at 5:20 pm
Posted on 1/6/15 at 5:21 pm to Hammond Tiger Fan
You struggle with decisions in life a lot don't you?
Posted on 1/6/15 at 5:26 pm to Hammond Tiger Fan
All of those are heavy in refining, refining will be golden until demand drops off.
Posted on 1/6/15 at 5:53 pm to fightin tigers
quote:
All of those are heavy in refining, refining will be golden until demand drops off
Yeah.. Valero does strictly refining and corn-ethanol. I imagine they actually benefit from the cheaper crude prices.
Posted on 1/6/15 at 6:50 pm to fightin tigers
Lol. Heavy in refining? Look at Chevrons, Exxon and Shells corporate earnings and refining is but a small fraction. Upstream is typically where the money is made
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