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.

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 

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 

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 

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 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?

Why do we still have HCL here?

Record year. Many peers like COP have paid in the past factors of 1.7 or 1.8. Would we follow suit? Kmon Mike!

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%

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.

I can't think of one decent, respectable function in the entire company. Is there one?

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.

In the beginning, it seemed that Agile would work out great. What do you think is the biggest reason why Agile is failing here?

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.

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 

How much % it will go up from 2022 fir each PSG, due to wild inflation?

Any word yet on the structural pay bump this these?

anyone know when to apply chevron internship, and how? thanks

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.

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 

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 

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 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?

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 

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