Too bad some of you are going to have to work in the real world when Chevron cuts you loose! Oil company salaries are grossly too high compared to engineers and scientists in the rest of private industry in the US. I've worked in private industry doing petroleum geology consulting for about 30 years since I left a major oil company in Texas, and I had to perform on a weekly basis in order to keep my job. You guys have a years' grace after every layoff. You have no idea what a low-stress life that is, but some of you - what, 15%? - will soon. Good luck and stop living in the dream world.
13 replies (most recent on top)
Man, I’m sure happier now. I felt bad at first, but now I feel fortunate to have worked 28 for Chevron before being let go in 2016. I was highly paid, enjoyed a long steady career without too many bumps in the road, and was able to build a large retirement nest egg. From all the bad rep being cast on Chevron by its employees during these last years and now, I’m convinced the timing of my exit from Chevron was a blessing. The timing of my retirement could not have been more perfect.
Been saying this since the first town hall. Everyone here seems to think the company exists to give them a job. God forbid they have to sell their McMansion in the Woodlands and their wife's Range Rover!
Who makes the real money? Not the hard working engineers anymore. Only the waste of payroll executives. Hell, the kids on the circle-jerk leadership development program make more money, and they don't even know what shale is! It's becoming like other no growth industries, a strict Good ol' Boys club.
You want to do well as an engineer/in a normal position where you don't need to kiss a– and be the son of MW to get in? Join a sunrise industry, not a sunset one.
You sound jealous that you got laid off 30 years ago and didn't make all the money
Overpaid, lazy, devoid of creativity. Best at stabbing others in the back, throwing their peers under the bus, and tearing each other apart in meetings, in front of a group.
SME's at CVX with 25+years experience that do not make 6 figures? SME in what? Pumping gas and washing windshields ?
The pay in Oil and Gas in general is higher because of uncertainty, to attack talent with violent cycles the commodity prices are they have to pay more on the salary basis as you may not ha e a job in 2 to 3 years, the cycles are everywhere but not as violent as it is in Oil and Gas. The story of tech companies is different as they have to deliver innovative products on a yearly basis, so the pay could be more with adjustments to location.
Many of software companies offer stock options as front-end incentive with sign on bonus vs pension plan. Encourage outside experience vs recycling talent
Go to oprah
chevron often compares itself to peers in the industry, thus they are all similar. then again, guess OP hasn't considered that chevron doesnt even have COL adjustments figured in. they dont even pay comparably to COL (e.g. CA or SF Bay Area peers).
Kids out of college are starting at over 100k at many hi tech forms. more than many SME's at CVX with 25+years experience phuckov
HAve you seen the starting salaries of kids out of colleges starting at high tech companies like Google., FB Direct your ire at those not Chevron
the salaries are even with the rest of the professional world , indeed may be even less - another spouting off nonsense as usual