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.
13 replies (most recent on top)
- 0 - 2.4
@7lhu: Don’t worry about the dead guys, we will fix that in the next sprint. A good example why the “Do it fast & poorly and then recycle” Agile philosophy is not fit for purpose for this industry.
- 75 due to all the mo--ns ki---d.
CEO gets the same multiplier as everyone else.When Board approves the factor they consider how CEO’s bonus will be judged by investors and public. So things like safety and progress on carbon goals matter.
@1gzk, the average age for non-management employees in Chevron is something like 38 now. None of those people expect to make it to retirement age, so who cares about the pension calculation?
- 3 due to fatalities.
When will the company accept that ANY fatalities are unacceptable and the bonus factor should be zero any year where one of our family did not return to thier loved ones.
Don't get too excited. A high CIP and bonus will negate any meaningful merit action, and will probably push you into a higher tax bracket. This is also an excellent back-door way of avoiding promotions. Enjoy that new BMW and trip to Scotland, but you'd much rather have that salary boost to impact your benefits and pension calculation.
Ther has never been a 2.0
Financial results are only a small part of our CIP targets and they are adjusted for oil price effects, so don't get too excited yet.
Back in the good old days from 2010-2013 the CIP was often a 2.0. Our 2022 earnings will be higher than ever, not to mention fcf due to lower capex/opex. Given that last year was a 1.5 I would expect a 1.6-1.7 this year. The only reason it isn’t higher is due to the fatalities.
I would expect 1.6-1.7
In my opinion, it should be higher than 1.5 given our performance and earnings in 2022 (what, like $50B in earnings?), but I expect they will use fatalities as an excuse to pull it down..