10% dividend increase to help stabilize our share price, ie executive compensation, while our annual raises with relatively high inflation were sub 4%. Thank you sir, may I have another.
https://www.investing.com/news/company-news/marathon-petroleum-raises-dividend-by-10-93CH-3692745
I don't know that most engineers have done well vs inflation either. The average engineer has more in common with the average operator than they both think. At least when you comparing to upper management
It is not unreasonable to expect a decent raise when the company has been doing well and inflation has been very high. Many MPC employees have taken pay cuts over the last few years with raises well below inflation. We also see upper and middle management doing quite well, along with traders and engineers. I hope that next raise cycle, MPC remembers who actually does the work.
What is with this war nonsense on this forum. They have record buybacks to maintain with narrowing cracks. You aren’t getting outsized raises.
With a potential war approaching oil companies tend to always prosper and hand out raises and such. But the problem is keeping workers interested in staying on the job when they start to see refineries in other countries during war times. Some could change careers temporarily and come back when war has ended.