22-35 yrs old - I am getting my MBA or masters, and out of here. Btw, I have to pretend I agree with “future of oil ” from this company.
35 -45 yrs old - s*t! I am stuck. Got family around, nothing I can do at this point.
45-55 yrs old - I need to continue to milk the cow for my retirement, and almost there.
55+ Living in the dream!!!
16 replies (most recent on top)
Retired from cvx at 40. Leaving the dream.
Age 41-56: Generation X. You can't scare us. Never cared about Mother Company but playing along to make the rest of you think we do. Smart enough to stay sharp, plan strategically and ready to bail when we're tired of reindeer games. #whatevernevermind
This is really simple AT ANY AGE. Learn something new in every assignment, enhance your outside CVX training (so you don’t keep drinking koolaid), save as much as you can and expand your external network. CVX business plan is not sustainable, so be ready for the outside world.
22-35 you are ambitious and driven and the company loves having an employee will to extra work for less pay
35-50 you are well experienced and being paid fairly. You and the company are both happy
50-65 your yearly goals are written more vaguely so that your manager now has a the wiggle room you so you can be ranked slightly lower and lower each year (despite putting out the same effort, if not more, than when you were younger). This gives management an excuse to lay you off as needed.
Of course, age discrimination is STRICTLY forbidden.
You should replace age with years of service or points since some people start work at Chevron right out of high school while others get multiple advanced degrees.. Logical groupings would be 10 year tranches. Point wise, it would be 75 pts, 75-90 pts, and over 90 pts. Those just under 75 or 90 usually hang on with a tight grip. Over 90 don’t care about anything.
All age groups of employees who are computer literate - This is a layoffs website, why don't these Chevron employees have a place to discuss their everyday trivial chit-chat or the know-how to find one? Not sure I would want to work around such people - thanks for the helpful information!
Haha classic !!!
OP, although you are generalizing the attitudes of each age group, it is mostly correct. I worked for Chevron from age 22 straight out of college to when I was laid off at 67. I was living the dream since my 60th birthday. Got laid off in 2016 exactly when I had planned retirement. The company was so generous they gave me a 1 year salary bonus check as severance and allowed me to milk 6 months of State unemployment benefits. Timing is everything and if you’re lucky, you are retiring from Chevron when layoffs are happening.
Engineer, retired at 65 yo and now living the dream. Started 1980, ended 2017. Many international assignments covering +30 countries from Europe to Australia and many points in between; both as a expat (family status) and a 28/28 rotator. Wow, the things I saw and experienced; it was turely a fabulous run. A dream job. I am fortunate indeed.
Good luck to all.
If you are under 40, chances are you will not retire in the same company and even same industry. The younger you are the better to get out to a new career or industry. Over 50, just hanging there to retire and wish they had milked the cow more once the old good days were around. Anyone in the range of 40 to 50 god helps them!
I'm 33, in my 5th year in the industry. I'm thinking I'm making twice what my colleagues in academia are making, plus I don't have to work 60-80 hour weeks. I'm thinking that if it all goes poof in five years, it'll hurt but at least I have enough of a head start that I don't need to find another high paying job to be able to retire. Every year after that, I'll worry less and be able to retire sooner. I like my work, but it's a job, not a lifestyle and I have no illusions about the longevity of the industry.
I'm leavin the dream
There is some truth here: if you are not firmly anchored at a company by your 40s, you will not be able to retire.
Awesome! I am “Living the Dream”!
- reo, you mean the expats that got layoff ?? Where are the internet assignments?
22-35 yrs old - the work experience (especially the international work) looks great on my resume'. Might need to take advantage of CVX paying for my MBA or masters at night while working here to make myself more valuable.
35 -45 yrs old - Wow, a boatload of experienced folks just retired. Next few years, I need to advance or position myself to advance in my field.
45-55 yrs old - If in San Ramon— do I consider Houston and/or a international assignment because California is an expensive place to live and more (could be all if XOM merger happens) jobs are moving out of California. I'm invested in CVX even if the industry is slowly playing out. Those years worked in my 50s add 5%/year to my lump sum
55+ Living in the dream determining best time to retire (and truly begin living the Dream)!!!