Does anyone know the salary ranges for petrotechs for each of the PSGs or if this info is available?
26 replies (most recent on top)
Good point. Come to think of it, all of Upper Management is in California. Houston really only has the hapless lower echelons.
The crazy thing about Chevron is $2 million salary is still lower middle management. I mean, upper management is the top 20 people who set strategy and makes decisions for the corporation. That is the Board, CEO and Executive Committee. Middle Management is dozens of leaders running smaller parts of the business like SBU MDs, OpCo presidents, ETC Pres, VP D&C, etc. Lower Management is hundreds of people hopelessly churning on the hamster wheel at PSG30 and below - supervisors, managers and general managers running tiny parts of the business quite locally or at most a few countries of the hundreds Chevron operates in.
What’s the vesting schedule look like on that stock?
Two million is not that much considering taxes and how much nonsense an MD manages.
WW was actually a good leader not sure what you are talking about!
Wow so WW lazy butt was making 2 mil for chasing women at the airport and hiring them as contractors
Should be base of about $500k, 70% bonus and 200% stock. Total under $2MM for a perennial 2 performer like GOM. How about you ask him at the next town hall, eh?
This is a great thread thanks. So I’m confused, what grade level would VP of Midcon or GOMBU be? And if they are in the 40s on psg, what is their base? No way the base for a VP is above 600k eh?
Petrotech psg 19-28. Lower management psg 22-25. Middle mgmt 26-30. MD 41-43. OpCo head 44-46.
What are GMs and VPs in terms of grade level? Thanks!
There is no such thing as a petrotech salary range. Chevron uses the same psg ranges for everyone. If you work 20 years you can be psg 26 or 27 in IT, supply chain, HR, finance or whatever. No need for advanced degree or fancy technical work, just show up for work and don’t rock the boat.
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Hey @8lcb, Theyre paying me, so yes, I’m worth the pay I’m getting, dork. Ask something intelligent next time.
Looks exponential. With health care, pension, and stock options added, I approximate total compensation = 3e^(0.2PSG).
and @6otf sounds like one of the higher pay graders wanting another slice of our money. That’s ok. Compensation is not only counted in terms of Dollars. I for one produce the amount of work I perceive to be getting paid compared to that of my management. This is typically true everywhere.
Sounds like @5gmz is an egalitarian.. do you #feelthebern? #socialism
No, wrong! That huge difference is not meant to keep us motivated to move up the ranks/psgs. That huge difference is only the greed from those who manage and control the process. They are never satisfied with being rich. They also want to increase their riches at the expense of the majority of the employees. That doesn’t work well for lifting moral.
@5uru, why is it ridiculous? Do you want everyone to be equal? Yes, the base pay difference between 1 psg is 14-15%, year after year, however with CIP differences, pensions increments, 401K match, and stock options at higher grades the total compensation is more exponential between grades. It’s that huge difference that keeps us motivated to move up the ranks/psgs
@5uru, I’ve looked at these PSG ranges for several years and have noticed that not all pay grades are raised equally. It varies and for the most part, the higher grades increase more than the lower ones. The same thing can be said of the CIP bonus percentage. It’s ridiculous.
I’m the poster that posted the list below. When you go to new to Chevron, they give you these ranges. Then in March each year when you get your salary adjustment report, using your new CO vs your last CO you can calculate what the current year’s 100% CO was relative to last year. That percent change is the salary action/adjustment for all PSGs. So if you multiply that factor across the board you can get the new range for the given year. It’s normally rounded to the nearest 100. The CIPs for each grade are published each year around bonus time. I unfortunately don’t have data for stock options that start normally at PSG 27 and sometimes at 26.
I agree with the previous poster, the numbers are right on target. I am a PSG 29 and that's almost my exact annual salary, but far from my take-home - LOL.
I am a new PSG 20, base salary is 105k, so the below numbers seem reasonable.
Since it is anonymous, could you quantity your “quite a bit higher” statement with a ball park amount and years in grade. I am a new 26 and the amounts listed are about right based on my compensation. How about those at other grades?
Yes, close, except actually my numbers say it's quite a bit higher than that for a PSG 27.
Source = I'm a PSG 27.
Numbers look to be in the ball park, except at 26 a stock option package is added to the pie, which works out to be about another 25%, 50% for 27, %100 for 28, and I am sure it goes up much faster from there to the top. That is the nature of the 1% everywhere, no longer incrementally higher but exponentially higher.
Here’s approximately what they are based on 100% CO, rounded to nearest 1k. Typical employee will be 90-100% of CO on average.
30 = 424K + 60%CIP
29 = 365K + 50%
28 = 315k + 40%
27 = 275k + 35%
26 = 238k + 30%
25 = 209k + 25%
24 = 181k + 20%
23 = 157k + 16%
22 = 136k + 14%
21 = 118k + 12%
20 = 103k +11%
19 = 90k + 10
18 = 79k + 9
17 = 69k + 8