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Chevron's John Watson on the State of the Oil Industry

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Chevron CEO John Watson visits LinkedIn Studios to talk with executive editor Daniel Roth about the oil industry, how he leads and the current trends in oil and energy.

Full article: https://www.linkedin.com/pulse/why-i-think-oil-natural-gas-indispensable-foreseeable-john-s-watson

"I recently met with LinkedIn Executive Editor Dan Roth to talk about the current state of the oil and natural gas industry, which he noted has seen almost 70 bankruptcies this year, lower profits and a large number of layoffs. Dan wondered how Chevron could continue to attract employees – particularly millennials.

"It’s a fair question – for those outside the oil and natural gas industry. Those of us in the industry know the products we develop are indispensable to the economies of the world. And so, even as we work our way through this low-price environment, we’re confident in the future.

"During my 36 years with Chevron, oil prices have dropped 50 percent or more five times. In the most recent fall, oil went from a high of just over $115 a barrel to under $50 a barrel in just six months. When prices fall, industry pulls back on investment and scales back the workforce in line with activities. Ours is a long-term business, so we know that eventually supply and demand will come back into balance and prices will stabilize. The global economy depends on it.

"The energy we produce enables light, heat, mobility, mechanized agriculture, modern communications, the health system that keeps us well, and the many electronic devices that keep us connected and entertained. It’s also the feedstock for everything from crayons to contact lenses, not to mention the basis of our roads and runways.

"More than 50 percent of the world's energy currently comes from oil and natural gas – and another nearly 30 percent from coal. {see Figure 1} Fossil fuels have enabled the greatest advancements in living standards over the last 150 years. They’re abundant; reliable; energy-dense; can be stored; provide multiple, high-value consumer products beyond power and fuel; and have a global infrastructure of refineries, pipelines, ships, and distribution systems that’s been more than a century in the making."

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  • ¡Hola Puedo responder a todos los que son como yo en la carpeta de la melaza nivel de endeudamiento, que se pueden ver ofertas interesantes para los préstamos entre particular, a razón de 2 a 4% en un período de 15 años, entre 2000 y 1.000.000 de euros. Te digo muy grandes estafas de atención, a pesar de que escucharon dora la píldora diciendo que le puede ayudar en cualquier propiedad de proyecto, personal del proyecto, de devolución bancaria, etc, etc; Entré en contacto con todos sus sueños vendedores y todos tienen una petición después de explicar por qué su solicitud es para pagar los costos de seguro y comisiones. Te preguntan: identificación, reconocimiento de deuda, nóminas, datos bancarios. Tenga cuidado cuando se pide una tabla de amortización en forma de Excel, No dicen el problema está siguiendo lo estipulado en el reconocimiento de los pasivos. Si te piden una cuota, se tira rápidamente son todos ladrones; porque en Francia hay una nomenclatura que dice ". Sin alguna de pago puede hacerse con una o más de préstamo entre particular» Le pregunté a mi banquero ha significado para ser menos estúpidos, dijo, "que todos los costes que se les pide se toman directamente de la cantidad prestada." Así que nunca caer en la trampa; Me contates de correo gmail ;; juliana.debloi@gmail.com
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  • It's amazing to observe the interviewee's response to the question of climate change: "human beings are very adaptable". Easy enough, right?!
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