Chevron Corp.’s board of directors is considering waiving the company’s mandatory retirement age for Chief Executive Mike Wirth, a move that would allow him to remain CEO for a longer period, people familiar with the matter said. Some board members... — read more 

Wow. They say behaviors matter and the company considers 360 feedback. If this is the case what other criteria trumped leadership behaviors in in the selection of the new senior GOM leadership.

Our British cousins board is lighting up about a sale to chevron.

Was it addressed?

Employee resentment, also known as employee resentment syndrome, is a negative emotional state experienced by employees when they feel frustrated, undervalued, or unsupported by their employer. This can result in reduced job satisfaction, decreased... — read more 

Let’s all gather and comment on the town halls tomorrow! Feel free to predict topics and questions while we wait for it to start.

Does anyone know if there is a LTIP factor? And if so what is it?

The new owners of CHVPK are considering using some of it for residential housing. Building A could be turned into luxury condos. The CEO's office (which includes a commercial kitchen, bar and dining room) could be yours! I hope the keep the... — read more 

The only HR department in the industry that can actually tell you where to drill!

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 

https://dilbert.com/strip/2023-02-02?utm_source=dilbert.com/newsletter&utm_medium=email&utm_campaign=brand-loyalty&utm_content=strip-image

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.

https://seekingalpha.com/news/3928169-exxon-or-chevron-could-benefit-in-buying-a-european-rival-citi-analysts-say

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.