I’m not talking about the whole company….I’m talking about HR. The rest of the company is above average, but HR is world class and I’m proud to call them our own!
Sooo...the new San Ramon office is costing us $150MM in CAPEX?! What do we get for that kind of money...at a LEASED facility? And for just the hundreds of employees who decided they didn't want to relocate to Houston. Seriously. Source: internal... — read more
Compare $2.1 Billion for 2022 CIP payout for 2022 with the $75 Billion buyback MW announced. Mr. Wirth, a CIP of 1.6 would have resulted in a total CIP Payout of $2.5 Billion. Aren't the employees who work to enable you to make these earnings... — read more
There is still hiring happening and there has been zero credible chatter about any RIFs being planned. Call me naive, but I chose to believe that means we're safe for the foreseeable future.
Here in the USA, we believe in liberty, god and Freedom. I'm happy that this here company got sky nine profits and gave us a lil side action. You should be grateful too. My man and I can now afford a nice off site condo with that bonus. Don't... — read more
Chevron useless staff think that they deserve bonus for doing nothing. Oil price did all the work last year. Your Opex suck l, your capital discipline is sh-t and look at FGP in TCO, your safety record is the worst in any major. Why do you think you... — read more
I would like HR, to post the number of people who actually quit due to CIP. I request a lot of bi-----g and snowflake crying but I doubt more the a handful of the complainers actually have the cohones to walk away from thier comfortable do very... — read more
Ok everyone, the beatings will continue until morale improves..
What should our effort be in 2023 after the low CIP?
I bet Mike personally pays his inner circle $100 per DOWNVOTE comment.
This is what they think of us! They know we’re suckling at the teet. Too brain washed to leave. Too cowardly to call their bluff.
Very disappointing CIP. Looks like MW will be keeping most of the major money for himself. After all he has put his employees through this is all they give after a major year. I guess they think cuts and who knows layoffs are the big rewards!
Those of you who saw MW’s scorecard post on “work”place for CIP and saw yellow for opex… you know a main driver of that? It’s because they paid a higher CIP last year compared to plan! Disgusting that is even a factor for the following year CIP. Not... — read more
I added up the numbers and we have averaged 6.8 deaths per year since 2004 (farthest back data I could find) at Chevron. I’m not discounting the tragedy of death by any means, but shouldn’t our safety score be a positive (or at least neutral) this... — read more
How many different ways can we ask MW to try and explain the CIP factor?
What’s the CIP target percentage for each psg?
Collaboration makes everything better
Record profits and a smaller CIP, guess instead of giving the rewards to employees they are giving it to themselves and shareholder with $75,000,000,000 buy back! Can’t wait to see Mike’s compensation, rich get richer!!!!
Double the profit and a 1.4…disappointing
Mike Wirth should be sending out his email sharing the CIP factor for this year. Any guesses when and what the factor will be?
I know double promotions rare. Quite a few people got them in 2018. And those going for placed rolls get them. Any tips? Who has landed one recently. I need one for better career progresion.
As predicted here, earnings have disappointed Wall Street and the stock has slumped, despite the buyback nonsense. Production missed and spending was much higher than hoped. "In the past year, Chevron has lagged behind some other companies... — read more
All rumors and speculation welcome here in light of today’s personnel announcement.
So CVX announces a 75 Billion Stock Repurchase Program. Most likely at 7.5 Billion per year for 10 years. Also, a 6.1% Dividend raise to $1.51 That’s some serious money which leads me to believe that Employees should be in great shape for the... — read more
So in XOM we don't have variable pay but I heard Chevron have CIP aka variable pay wich also contributes towards pension and saving plan calculations. That sounds nice. How does CIP work? Is it your monthly pay * the CIP factor? So say if CIP factor... — read more
How much has your lump sum fallen with the rise in interest rates (as a percentage of your total). I retired a bit over a year ago, without a package, which probably was not the ideal timing financially but I was ready to leave. Now that there is... — read more
The only place I have heard anything about job cuts is here. And every post and comment sounds like the same guy. Where does the info that we have layoffs come from? In 202 they told us a bout it long before it actually happened.
MW buddy is on a job, so CVX will follow very soon.
The VP's and Presidents got a New Years scolding by MW for spending to much, so they are starting 2023 with fire under their feet. All after a record year. Contractors are already getting it, and soon the employees will feel the stress coming down... — read more
It looks like contractors are already being laid off due to budget cuts. More work will be pushed onto the remaining staff. All after a huge profit year. Guessing management is getting antsy to let people go since they haven't done it in a while. It... — read more
In record year of profits, Exxon, Shell and BP payout 13 month salary (8 to 9%) in addition to regular annual bonuses to offset the pain of inflation. But not Chevron. There is nothing that MW hates more than to give employees extra money. What... — read more
Pretty sad that a layoff site is Chevron's best source of information for those people who were not laid off. Even more sad is Chevron HR monitoring and trying to influence in a positive light when they have no light to shine. Is this not the... — read more
MW is on Klaus Schwabs guest list for Davos 2023 and was hanging out with Klaus Schwab this week at the World Economic Forum to discuss The Great Reset & The Fourth Industrial Revolution. What do you think?
Why do we still have HCL here?
Record year. Many peers like COP have paid in the past factors of 1.7 or 1.8. Would we follow suit? Kmon Mike!
Just FYI. Budgets and salary recomended salary ranges are out. I did the math with my reports data and the change in midpoint CO for multiple PSGs is 6%
The BenefitWallet HSA we used at Chevron has horrible little monthly fees. There are better free ones out there, like at Fidelity. Have any of you retirees moved over? How was it.