Just wanted to provide some perspective to you Chevron lifers who seem to think this place is the pinnacle of employment. Now that I’m with chevron:
I’m still happy to be here, but just know if you can put down the kool-aid there is a good life outside this place.
How is the 401k contribution more? Chevron matches more than Noble and for less of a contribution too. Noble did 6% and Chevron does 8% or as little as 2% of a contribution.
@6aue, same can be said for Noble stock. It was only a good deal prior to 2014, before all the Nobleoids heads grew too big. After that it was just another dead cat.
As for comments by @plg, LOL! What a load of garbage. "If you get a hold of true unmanipulated benchmarking data" you will discover nearly all of Noble's real high performers had left the company by the time Chevron acquired it. That includes ALL the major players responsible for Noble's successes at Aseng, Alen, Tamar, Leviathan, Niobrara, etc, etc, etc.
They either left on their own accord, because of all the cr-p that was being spewed (ask a legacy Noblite about GAP, one of those truly "useless initiatives that simply distract the workforce from working on things that actually make money") or they were driven out in repetitive purges by an inept management struggled to cope with the twin whammy of low oil prices and the realization that they really hadn't discovered "the secret sauce for success".
Bottomline: First, Noble isn't the example to follow for a better Chevron. Second, beware the legacy Noble type who "arrogantly" claims they have more substance in their big toe than you. They are one of the hanger-on az kissers that conned Noble management into thinking they were worth something. They aren't.
Don't get me wrong. I'm not blasting all the Legacy Noble people. The young ones in particular are innocents, victims really. And a few of the experienced people are decent. But the loud mouthed folks like @plg are just worthless.
PS: By now Chevron should have a good handle on all of Noble's... cough...cough... resource estimates. The downward revisions should help put @plg's comments in perspective.
As we have seen the last decade or two, any form of Chevron stock ownership is a slap in the face. It’s worthless.
The 2008+ pension isn’t as lucrative as people think. Unless you’re a future leader, you’re better off getting restricted stock and higher cash bonuses throughout your career. Pay me now is always better than pay me later.
But would other companies pay me almost $200k a year for doing nothing all day? I doubt it.
https://www.eastbaytimes.com/2020/04/07/chevron-execs-capture-big-pay-raises-ceo-made-33-million-in-2019/
https://www.execpay.org/news/chevron-corp-2020-compensation-1615
think he should be planting more trees
I was one of the Chevron lifers. Took the package last December. Got another job making 26% more than I was at Chevron, with half the corporate politics. Shame on me for thinking that I was paid well all those years at Chevron.
Lots of you missed the point. People thinking the “brand” of Chevron being hyper exclusive and the best of the best is the cool aid. And maybe you’re not as smart as you think you are if you don’t realize you could be making more and have better benefits some place else?
I agree with OP. Happy to be here but also surprised at how little work is actually required or encouraged ! Tangible work products are not the focus.
OP here - as I said, I’m happy and grateful to be on with Chevron. That said, there is this sense of “we’re chevron, you’re lucky to be here - the greatest place to work on earth!” There is an incredible degree of institutional inbreeding (I.e., no one has worked other places), and people seem weirdly unaware of things outside the “chevron way”. Which, admittedly is great for some things, but really terrible in other ways (I’ve never spent less time actually producing at any job ever). I’d say it’s a good place to work, but by no
means the best I’ve seen.
Can’t wait for the market to turn and leave all this everyday BS behind. This company is turning into a dumpster fire just like the rest of the US. Just wait it will all be seen in due time.
And yet here you are, guess you weren’t one of the many good ones? Ha ha
if we hadn’t acquired you we wouldn’t have selected you - but sure tell yourself you’re the best ……
False… many were selected or given offers by CVX and other majors like Shell and a Exxon prior to joining Noble after leaving at CVX their own accord. Once again, kool aid drinker. Point proven. Okayyyyyyyy. Get your facts straight.
if we hadn’t acquired you we wouldn’t have selected you - but sure tell yourself you’re the best ……
@plg+1cSesE3S
Well said. Thank you.
CVX is the best that many legacy Noble could ever hope for.
Hey kool aid drinker…
Please feel free to go at anytime, I have yet to meet or hear of a “legacy noble” that has the slightest idea what they are doing. No comparison to chevron staff and “legacy chevron” all know it
In all areas if you get a hold of true unmanipulated benchmarking data, Noble has outperformed chevron in both costs and efficiencies. Chevronites need to take blinders off, get off their arrogant high horse and learn a thing or two from others not just legacy noble. The number of so called SMEs at chevron and the value they add…amount to the fluff on my left big toe and the number of people it takes to implement a new change or improvement requires average 46+ people approval by committee which just slows things to a halt - on top of all the propaganda and useless initiatives that simply distract the workforce from working on things that actually make money.
Another difference, long term retention was paid out a third each year and was more in amount, compared to the 5 years at chevron. Why would anyone stay and to your point many have left…for greener pastures. Just not having to deal with the everyday Chevron BS is reason enough.
Please feel free to go at anytime, I have yet to meet or hear of a “legacy noble” that has the slightest idea what they are doing. No comparison to chevron staff and “legacy chevron” all know it
I havent read any CVX employees bragging about the compensation. Chevron has never been known to be one of the better payers. Thats never been a secret.
However, if you compare oil and gas especially Upstream to other similar industries such as downstream and petrochemicals then you will see that the compensation (even at CVX) is very generous.
Right. The pension is good but not so much that it can’t be matched or even exceeded with smart investments and 401k management in this bull market. There’s a turnover rate at CVX because equal and better are out there.
I wish I can worked for the Noble!!
So readers should "put down the kool-aid since there is a good life outside this place" like you did? Where are you and How is the place where you are now, in that case?
I agree with @dlu. The smaller the company, the bigger opportunity to shine, typically the better the salary, but the larger the chance of getting fired or laid off, whether it's your fault or not. Develop and hone your skills at Chevron for about 10 years, then move on to the smaller company, and if you're good you get the best of both worlds. I've worked for small companies, so I've seen both sides of the compensation/risk issues. OP is correct, Chevron lifers have no perspective on the outside world so think they're working in paradise. Much of this illusion is stoked by HR and Chevron recruiters, both of which tend to be populated with lifers with no outside perspective.
Small companies always have better pay and compensation but there is higher risk of going to chapter 11, or being acquired or simply more random layoffs. Layoff happen in big companies, but the scale and frequency is not as much as smaller companies. In smaller companies you can also shine and progress to higher levels much easier. It is a balance of stress, life, rewards and downfalls at the end, once you are a happy camper in your life, you just try to enjoy it, at the end of the day you have to ask yourself, how does extra x-x amount of money materially change my quality of life, if it just ends up going to your savings account or make you retire one or 2 years earlier it might not worth it given all the other risks.
OP you hit the mark spot on.
Not sure you will be able to change the mind of the cool aid drinkers. They are brainwashed.
Don’t get me wrong glade to have a paycheck but as soon as there are places for the petrotechs to go to I am gone.
Is the recommendation here that we too can go work somewhere that irresponsibly overpays and have the joy of being acquired?
Anadarko was a high mark of employment…