The grass is certainly greener at some similar companies, that’s not a secret. What I would like to know is what are the reasons that you are staying at the company?
I mean, in the conversation with my coworkers I can heart that most of them are unsatisfied here, and yet most if not all of those people stay at the company. What are the main reasons why you are still here?
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@2emt Thank You. Nobody ever believes me about the Chevron Medical pre-65 contribution. You need to be 100% vested of course. So the scale changes depending on years, etc. The External HR Website Clearly shows the numbers. I also kept my 3 Times salary life insurance with Metropolitan. Waaaay lower payments than a Typical Life Insurance Plan and it remains intact since I know this as I am moving to Medicare next June. For close retirees take my advice and keep your Chevron Term Life if you have even considered that. I admit my Wife and I have not bought long term care insurance which is another cost.
2020 retiree here, there's lots of mis-characterized and downright wrong information here. @1drs, Chevron does contribute ~$1000/mo for pre-65, two person insurance. Same coverage as employee insurance. Cost to pre-65 couple is ~$1000/mo, about 25% higher than employee cost. @1kmc, lots of incorrect information there. There is no such thing as a "Chevron Medicare Advantage Plan" (maybe you're California or >psg 26?), all retiree medical insurance goes through Via Benefits and Chevron (deliberately) sponsors no plan. Also, Advantage plans are great as long as you stay healthy. If not, you get hit with a deductible and co-pays on just about everything, so much for your 'savings'. Also, no matter what plan you have, you still have to pay the monthly Part B premium of $170/mo. "...Don’t worry about retiring early for fear over the escalating corporate interest rates chewing at your pension lump sum..." Clearly you're young or haven't done the math. Rising interest rates do appreciably reduce your pension. That's why so many near-retirement people are retiring now rather than in a year or two, when rates are going to be even higher. If you're in that situation and you continue working, you're working for free - your salary makes up for the pension money you're losing.
The people, benefits, flexibility and pay. I’ve worked at other companies that do not measure up. Still a positive experience.
We pay $664/month for Anthem Blue cross + dental for two. it's ~ 575 for just medical. Same coverage as before retiring. we are both pre-65.
There are many choices. We have the high deductible one to lower costs.
We checked the ACA exchange costs and it was not any better and the coverage was worse.
I pay around $900/mo for TWO people for the same provider and coverage I had at Chevron (Anthem/Blue Cross). Includes medical high-deductible plan and dental. No co-pays. Pre-65.
@1sdr, are you talking about active Chevron employee PPO Medical or Chevron Retiree medical premiums? Begs the question because Chevron doesn’t contribute $1000 per month after retirement.
@ikmc While you may be correct about PPO Medical Costs in Texas and I lived there as well. In California I pay $389 per month and the company contributes about a thousand per month for my pre-65 Medical Insurance. Not only that, I paid zero for several months last year (21) as the plan sent notifications that medical claims were way down therefore a holiday was given on payments. Also you can hunt for cheaper Dental on the open market anytime IMO.
Because despite some of the whining and annoyances you see on this board (some valid), OVERALL, it's still a solid much better than average employer. The pay, benefits...bonus, health care, 9/80, family work balance etc etc. remains solid. In my ~30 years, only one year without pay raise, otherwise constant with 7 promotions along the way after new hire, and except for perhaps except one brief boss/work group, most were enjoyable and professional folk for me. I also never had situation (~90% of time) where I didn't feel my contributions were taken into account. Rare I couldn't use vacation time when preferred. Sure for me, some lame PR/PC woke stuff at times, but that was minor annoyance.
@1dur, Indeed you are correct about the expensive medical premiums around $1000 for retirees, but that’s for retirees below age 65. Once a retiree hits 65, that person is covered under a Chevron Medicare Advantage plan. I know the company’s monthly medical contribution is small at around $95, but the Medicare Advantage premiums are only a fraction of what pre-65 retirees will have to pay. I’ve priced the Chevron Medicare Advantage Plan (after their $94 contribution) at around $200/month which includes Medicare Part B, which currently costs $170. So effectively, your post-65 Chevron Medical premiums should not be a concern to afford. Don’t retire from Chevron until age 65 or beyond and you’ll be fine. Don’t worry about retiring early for fear over the escalating corporate interest rates chewing at your pension lump sum.
@equ+1gs5ofy0 - do you realize that your health benefits for CVX retiree medical and dental will be approx $1000 per month (todays $’s)? Everyone and anyone staying for the medical dental benefits is fouling themselves!! They aren’t worth it!! Take it from a new retiree who was taken off guard!!
All the great people?
The pay and benefits are keeping me here. I also have the unwavering belief this company will once again be managed and ruled by straight white males, like Don Draper of ‘Mad Men’.
What’s keeping me at Chevron? Exactly the same reason someone just commented below. I have a 25 year career invested at this company. Pay is great and 401k match is excellent. My health and other benefits including the pension are impossible to beat. I’d have to be a lunatic to consider leaving to go anywhere else and start over. I plan to stay another 10 years and retire at age 65.
Men 👉
I'm "too close" to retirement. Once you get past 20 years with a company, switching companies seriously impacts your pension calculation, and you don't have enough time to earn a good retirement medical benefit. Add to that in a tight O&G market, you're not going to get any salary bump switching companies. This is why people over about 45 don't make any waves internally. They just want to spend the rest of their career punching the time clock and X'ing the days off their calendar.
You're asking people who still have a job, were let go, are the ones who think they are going to be next to be let go, and that's why you post that here? Just wondering.
Chevron is a great company in a really cr---y indistry.
The only segments of the US oil industry booming right now is Permian and Haynesville. If you don’t have skills relevant to those assets you are toast.
There is simply no opportunities available for petrotech. Very little openings if any.
If you are frustrated leave honest opinions in the survey.
Chevron has been a very good company to me and my family for several years. Yeah, I had a fair share of poor bosses but have also had many incredible bosses and peers who I’ve learned from, helping my career. I now spend time trying to help others do the same.
Probably $ is equal or less with similar competitors (not independents)?