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
Cuts coming
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
Exxon, Shell, BP pay out 13 month Salary
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
Chevron Disfunction
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 hanging out with Klaus Schwab In Davos
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?
Hcl
Why do we still have HCL here?
what will the bonus multiplier be?
Record year. Many peers like COP have paid in the past factors of 1.7 or 1.8. Would we follow suit? Kmon Mike!
Structure is 6%
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%
HSA switch
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.
Is there a respectable function?
I can't think of one decent, respectable function in the entire company. Is there one?
Next 10 years
Even when we get to 180m EVs globally (from 12m now) oil demand won’t drop much relative to growth. Need for oil to produce other materials or transport in growing population world mitigates EV impact.
Reasons for Agile failures
In the beginning, it seemed that Agile would work out great. What do you think is the biggest reason why Agile is failing here?
CIP factor over/under???
What’s the prediction on where the CIP will come in at? We’re a month out from the big reveal and I’m thinking a 1.5 is likely.
Find any oil recently?
I took the package in 2016, so I have not really been watching the industry news carefully of late. I noted some reasonable finds by Exxon the last few years and some smaller stuff by a few of the other mid to large oil companies. I don’t remember... — read more
Year 2023 100%CO increase
How much % it will go up from 2022 fir each PSG, due to wild inflation?
Salary increases?
Any word yet on the structural pay bump this these?
intern application.
anyone know when to apply chevron internship, and how? thanks
This is so Chevron
https://dilbert.com/strip/2022-12-27?utm_source=dilbert.com/newsletter&utm_medium=email&utm_campaign=brand-loyalty&utm_content=strip-image I'm sure copyright laws don't let us cut n' paste just the cartoon itself.
CVX docs - House Oversight Committee
The docs published online by the House Oversight Committee Dec 9 are shocking. Have a look at all the CVX info released (500 pages), everything from BOD parties at the French Laundry, to a hi-pot list, the detailed 2021 internal CIP scorecard and... — read more
We should stick to what we do best
Chevron's core strength is producing and marketing oil and gas. Everything else has been an abject failure. It's a bit embarrassing now that Chevron's efforts in the low-carbon/renewable space have been juvenile and half-hearted efforts (to wit: gas... — read more
Here’s why Chevron is “investing” money into CNE projects
You may be wondering, “Why is Chevron spending so much money on projects that will never turn a profit and are antithetical to our core competency?” The reason Chevron is spending so much on these CNE side projects is our ESG rating. The stock... — read more
Who will be in promotion discussion meeting room
who will represent you and introduce your work to others in the room? How long the one representing you will have to talk about you? any ideas, guys?
Geothermal
We had nearly cornered the geothermal market years ago. Largest producer in the world and in the US. Then our genius leaders decided to sell the Geysers in California and divest the crown jewel in Indonesia. Amazing assets, just not oily enough... — read more
what wrong with my CO
I became a PSG 25 in 2017 with CO 94%, today I am 99%. each year, I am either 2 or 2+ in old system, and always 2 EE's, 22 VC's. So in 5 years, my CO moved up by 5%. Is this normal???? thanks
Less meetings, more work done
I don't know how the meetings that are totally unnecessary affect you, but afterwards I feel totally drained. Have you ever worked in a company where you had more unproductive meetings? I haven't.
The opposite of Agile?
Elon Musk’s six rules for productivity: The complete opposite of Agile as practiced at Chevron. Did we buy a bucket of cow pies from Microsoft? Avoid large meetings Large meetings waste valuable time and energy. They discourage debate People... — read more
9% scale at XOM
So what are we gonna get, 2.5?
Does CO% of my current salary affect my chance to get promoted?
my boss told me today that he would nominate me for promotion next year, but worried that my current CO%, which is about 99%, is too low. but the HR document says promotion should not consider CO% or the time on your current PSG? any ideas? thanks
Structure Raise Percent
Does anyone know what the structure raise percent will be for salary determination this year???
Career advancement
I'm early on in my career and I would like to make significant career progress here. However, while some tell me that it will be very difficult and that frequent job changes are necessary, others say that there are effective ways to progress in... — read more
HR is the most most professional organization in the company
HR is hitting on all cylinders these days. The level of professionalism displayed by HR should be imitated by the rest of the company. What an amazing group to be able to watch in action!
PSG 26+ getting paid handsomely in 2023
Stock options for PSG 26+ awarded in 2020 vest next year. Right now those options are 130% above target. It’s ok though. Twenty percent of PSG 23-25 are eligible now that CVX stock hit an all time high.
2022 PMP
How’s it going for everyone? I ended with a mix of EE/VC. Can’t complain.
What are the many reason you've been given why your promotion was not approved?
How many of 'em are B.S.? What exactly goes on "in the room?"
Chevron Australia finds nearly half its workers have suffered workplace bullying
Is this what they have been up to instead of solving Gorgon? https://stocks.apple.com/Ank04ibNTSoC-GlT4DggY4w
Chevron Layoff Math
On average, US payroll employees cost CVX about $350,000 per year. So, every 3,000 or so layoffs saves $1 billion per year. That is a magic number in the company and for MW. Every initiative has to meet a billion dollar goal. Our entire global... — read more
Musings on the site troll
Any interesting theories about who the (apparently) reactionary mass-downvote troll might be? Mine is that he’s a disgruntled retiree with an ax to grind about how cultural change has influenced the work force that he’s no longer a part of, but... — read more
Chevron Layoffs 2023
If the economy turns around, do you anticipate any Chevron layoffs? Any chatter, news or rumors?
Back to Venezuela!
Will there be D&C rotational opportunities? I would think a lot of workovers should be in the queue ?
Execs bailing on stock
In the past couple months management has been ditching our stock as fast as they can shovel it out the door. Recent sales - MW $27 million JJ $32 PB $20 HP $9