Thread regarding Chevron Corp. layoffs

$68 M and $35 M

That’s what MW made in 2021 and 2022. Remember that when you have PMP, CIP, and pay discussions in the next few months.

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| 2212 views | | 20 replies (last October 16, 2023) | Reply
Post ID: @OP+1oGjTtRJ

20 replies (most recent on top)

Even if those numbers were accurate, I’m pretty glad my comp doesn’t swing wildly with the price of oil! I wouldn’t love a 50% cut.

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Post ID: @rxtr+1oGjTtRJ

We're sorry that Fox News refuses to tell you the truth. Be better.

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Post ID: @8xsh+1oGjTtRJ

I personally love the absurd & highly opinionated false narratives based on false information like the last post. That's what I love the most!

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Post ID: @5lub+1oGjTtRJ

I love all of the opinions here, and no actual data.

https://fortune.com/2023/03/23/states-with-lowest-highest-tax-burden/amp/

Nominally more expensive to have better weather, more job opportunities, better social safety net, and to not live under a state government rapidly hurdling towards Christo-fascism.

Yeah, there is proposed legislation to ban gas stoves, but I think Texas has already switched to cooking over banned books.

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Post ID: @5apm+1oGjTtRJ

I recently relocated from the CA bay area to Houston and LOVE LOVE LOVE it. Yes, thus summer was a bit hot. But every other aspect of Texas is better. Wish I moved sooner.

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Post ID: @5rbn+1oGjTtRJ

@3wfq, oh, here we go with the California-is-better-than-Texas fantasy: "So you are probably paying same tax as a bay area resident...". Simple metric - just ask ALL those people moving from California to Texas what they think - especially those people moving out of the Bay Area (not a very good picture painted on the news these days). You really think they're knowingly moving into the financial, weather, cost-of-living cesspool you describe? One thing you do say is correct - "... in the bay area you probably will earn two folds than what you can get in Houston." True for the Palo Alto and Berkeley wine-and-cheese crowd, and Chevron execs in SR. Probably not true for your neighbors in Vallejo or Oakland.

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Post ID: @3dfb+1oGjTtRJ

I am retired in CA so I am doing just fine, thanks for asking. But it seems you are renting in Houston? which is a great strategy for TX btw, or Texans are not paying electricity bills, property or sales taxes.

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Post ID: @3jkp+1oGjTtRJ

Your numbers are so far off that it's laughable, but keep on believing that if it helps you to sleep at night under those deplorable conditions.

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Post ID: @3ibc+1oGjTtRJ

@ Texas Resident, you need to do the relative calculation. If one owns a home in Houston his/her effective tax is close to 4.2% + MUD. Energy consumption due to cr-ppy weather is almost double in comparison to northern CA. Sales tax & Food cost is similar.

So you are probably paying same tax as a bay area resident, but in the bay area you probably will earn two folds than what you can get in Houston. Another downside is your real estate tax is variable and will increase which is not the case in CA.

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Post ID: @3wfq+1oGjTtRJ

@3yhd, the bloated numbers cited include bonuses, stock options, and perks (like MW's home security detail) much of which is really services or deferred income. Actual "salary" (like the rest of us get) are much smaller numbers. The trick for the C-suite these days is for actual salary to be a relatively small number (but still in the $$$millions), so that when trouble-makers calculate the CEO-to-average-worker salary ratio, it's not that bad.

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Post ID: @3kzw+1oGjTtRJ

@2ary, long-time Texas resident here. I'll pay the property taxes any day of the week over a state income tax. Way better than the tax disasters of California, New York, or Connecticut, where anything and everything is taxed.

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Post ID: @3qbo+1oGjTtRJ

Looks like he took about a 50% pay cut… explains things

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Post ID: @3yhd+1oGjTtRJ

“Before you diagnose yourself with low wage earner or low self esteem, first
make sure you are not, in fact, just surrounded by a$$holes.”

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Post ID: @3hpu+1oGjTtRJ

Boy they sure left the property taxes out of the “cost of living in TX is so low!” Brochure….

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Post ID: @2ary+1oGjTtRJ

My mortgage jumped $650 this month due to taxes and insurance going up. Food costs almost twice as much as 3 years ago. Gas price keeps climbing too. The middle class is getting destroyed.

CVX guidance for raises next year is 3-5% and they want to costs need to be flat from 2024-2026 to achieve the ROCE target. Meanwhile inflation is around 14-18% depending on how they game the numbers.

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Post ID: @2amw+1oGjTtRJ

@1urh

If I am paid that much my p....s will be golden!

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Post ID: @1ulg+1oGjTtRJ

Are you worried about what someone else earns or what you are paid? I don't give a rats A$$ about what other people have negotiated for. I am generously compensated. I am only concerned about layoffs which is what I came here to find out news or rumors about. Apparently there is so little concern about layoffs that this is all you have to whine about. Next.

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Post ID: @1kpg+1oGjTtRJ

Maybe he should satisfy the company by doing the best transformation of all time with him being laid off.

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Post ID: @srt+1oGjTtRJ

"...but hey all contractors are important and you have the ability to change or influence their behaviors...."

Says the corp A/B/C execs who forget that some BUs do not use those companies, nor have any involvement in that location or part of the value chain.

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Post ID: @yme+1oGjTtRJ

Huh, you mean he didn’t hold himself accountable for the 6 fatalities? Just us?

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Post ID: @izr+1oGjTtRJ

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