Big Oil - Contractors Not Paid, Job Losses, Possible Dividend Cuts

"The client in Kansas owes us $75,000. For eight months we've been trying to collect."

That's what a contractor to Big Oil told me during our first coaching session. For the first time since the boom in the oil industry in 2022, they were having to take on blue-collar gigs to pay the bills. To their surprise they liked working with his hands. 

This is just one of the reversals of fortune in Big Oil. As crude prices plunge, full-time employees have lost jobs. Investors are scared: There could even be a cut in dividends.

Like Big Tech, Big Oil had a high-flyer. Often it generated plum jobs. When I shifted from non-profit to Chevron my annual compensation more than tripled. At that time the financial performance was labeled "windfall profits," and until recently "monster profits." The stock did so well that it was one of those solid investments. Vendors competed hard for assignments and having Big Oil as a client got more prestigious clients.

So far, this shift in Big Oil from prosperity seems like it will worsen. Those who can might explore other ways of earning a good living. 

Thrown off your game, maybe the first time since you started working? You made all the right moves and then the world moved in another direction.

Intuitive Coaching. Special expertise with transitions, reskilling and aging. Psychic/tarot readings, upon request. Complimentary consultation with Jane Genova (Text 203-468-8579, janegenova374@gmail.com). Yes, test out the chemistry. Zero risk.


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