And another massive record profit. Pay Determination in January and CIP next February are both fixing to be REALLY, REALLY good!
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@1nqd+1hXX52XM We have had 4 fatalities YTD. Don’t expect an amazing CIP. Our safety culture is a failure in 2022. Maybe we will do better next year.
Massive profits are great only if they are due great performance vs competitors and not just great prices.
Want to know what's going to happen with the 'massive record profit"? Expect announcements of 1) increased dividend, and 2) more stock buy-backs.
Wait for Q4 earnings, Q3 should be pretty good but Q4 might be a different story.
These earnings will be tempered by lower numbers once the US recession settles in.
Don’t get your hopes up. Just be thankful you have a job in these crazy #%$ times. Get it while you can, sock it back and be prepared to retire early. No guarantees in this business, never have been, never will be.
How many fatalities have we had this year?
Chevron will pay good bonuses and mediocre raises for the foreseeable future. Chevron knows that with the green transition it now subscribes to, anyone in an oil or gas related job is way overpaid - there is no more competition for those employees.
I am betting on 1.5 CIP and 3% raise. They will fight against long term raises and the CIP is viewed as a reasonable reward. Safety incidents will be the reason.
Agree with same as last year due to SIF events. HSE performance abysmal in 2022.
You’re forgetting about our safety performance this year (fatalities). The weighting toward safety will ensure this yrs is no larger than last yrs (much better safety performance).
Anything less than 9% and you're losing to inflation
@uvi+1hXX52XM - It means more than that. CIP was 150% last year - and made much more impact in bank account than a raise of 6% versus 3%
Just means 3% average for employees and rest to raising the dividend and buybacks.
You think that!