So far I haven't been able to get a better offer, but I am surprised when I hear from people how much more they are paid in other companies in the industry. Sometimes people like to exaggerate, so I wonder if it's really true that there are significantly better paid jobs elsewhere in the industry?
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The main consideration for leaving chevron is their layoff cycle. Once you turn 55 there is a 80 percent chance you will be laid off. If you do not have an mba or graduated from rice or texas an and m, you have no long term future snd will be released. It happened to me after getting 1+ performance evaluation and my team
Chevron contracting can be pretty green. Contractors can earn $3000 per day or more plus all expenses. Best of all no meetings, no ratings, no employee networks, etc. Sweet gig.
cool stories, bros, is that why you are on the layoff site all day instead of working? must be some really interesting and productive functions that you all perform ha ha
@dabn You are comparing two different roles and standings inside the respective company. I (@cfmp) am comparing the same role and standing against two companies not a VP, SVP, Associate, Partner or CEO to a normal working engineer. Big difference.
Cool anecdotal hyperbole story, bro. My spouse is the lead and an associate on a team at another smaller O&G company, has stock options because of that and makes 3X as much as I do, a successful, well compensated FE. That does not only apply to O&G, but any industry. Your point?
Me and my wife both work in oil and gas. I would for chevron and make X she works for a non major oil and gas company and makes 2X.
Don’t tell me chevron is the best payer. With that said she works hard for that money, none of this chevron social hour at the he coffee bar twice a day, no work from home, no mandatory diversity meetings, none of that BS just work.
Maybe those people you talked to who are paid more have more to offer, have a work ethic, and are not hanging out online all day instead of working?
PDC folks are in for a rude awakening, just like Noble folks got.
Same. NBL payed more with better long term stock payout terms and then left for another small O&G company for another 25% bump in salary and a 60% target STI. Technical/manager senior 26+ level type role.
@1gwk, you're absolutely right, but with one caveat - "15+ years" is not necessarily a sweet spot for leaving the company for financial reasons (are you confusing this thread with "Chevron rehire policy"?), it's a sweet spot for leaving the company for greener technical career pastures. If those two foreign assignments (6-10 years of your career?) gave you that career boost, more power to you. I'm sure you'll agree those foreign assignments are just about impossible to get nowadays.
I’ve had a number of offers from outside Chevron in my 15+ years, but in almost all cases when I crunched the total compensation numbers (401K, (pre-2008) pension plan and benefits) I could never really make that extra 15% and promise of stock options convince me it was worth it.
Now looking back, I’m so glad I stayed with Chevron, why? It’s a global company I’ve had the opportunity to be expat on two separate assignments, any extra I would have made jumping ship earlier in my career to those smaller companies now pales in comparison to what I’ve made up for being willing to go overseas, none of those smaller companies could have offered me the queue of opportunities Chevron has in that department.
Can confirm - we all made more money at NBL
It depends on your speciality, outside company need and how desperately they want to fill a position. Remebr if your pay is way higher, the risk of being let go is also way higher when the times are rough. There is no free lunch and there is always a catch, some people take higher risks for short term higher pay and some just sail the old boat.
Try HilCorp. Great pay but long hours.
Not sure that average compensation for a given role is that much higher in other (smaller) companies, but there is no question that one can mature into higher impact roles within smaller companies. In general folks that are not happy with “normal” rates of advancement and compensation have to jump ship at least a few times, but there are also risks and hard work in the mix.
There are significantly higher salaries with smaller companies. For the majors, pay is roughly (+/-15%) the same.