Boy those “inflation isn’t a record level, so don’t factor that into your raise” comments haven’t aged well…
15 replies (most recent on top)
I've lost all motivation due to MW and his polices. The return to office is a joke and complete waste of time. No real collaboration, just more teams meetings. All can be done from home.
MW is Wirthless. He doesn't care about the employees at all. Hes a layoff addict that has lost the trust of most employees. I cannot believe a word that comes out of his mouth unless its about raising the dividend or more share buybacks.
Just continue working from home, what are they gonna do?
If you have not already taken the money and run, then you are nearing, or at, the not return zone.
dump it now. invest in LUKOIL
I kept hearing how scalable wind and solar were. Weird how they haven't scaled yet.
We talk about the down cycle of 2015 to 2020, now we will talk of the up cycle of 2022 to 2026.
@1ztv Sorry dude, I see a big rise in gas projects and LNG. Europe will now suck up every drop of LNG they can lay their hands on for the next few years.
@1nap, in the "good ol' days" you would have been right, but the world is changing. Companies are already factoring in the fossil fuel phase-out. Since the 2014 price drop, petrotechs are moving between companies, but NOT to big raises anymore. Many of Chevron's best-and-brightest during that time went into academia rather than other companies. Once you leave the Houston bubble, you'll find people regard you as a polluting pariah. The industry needs fewer and fewer petrotechs as the energy mix shifts to green. AAPG's big CCUS push will need petrotechs, but only about 25% of those currently employed. You'll enjoy about five more years of conventional petrotech work, about 5-10 years of 'clean up' work (CCUS and/or plugging wells) after that, then few opportunities. Plan accordingly.
“MW loves inflation. In a declining industry, he needs to reign in and reduce salaries, especially petrotechs, who are soon to be dinosaurs“
Possibly true, but he is no genius who has everything figured out. We petrotechs are going to have our revenge very soon and it will taste excellent cold.
So CVX is racking in $$$$ with oil at $120 and they give us an average of 3% increase and only if you’re not at or over 100% CO! People are done and have lost all motivation. And get this, we are now paying even more for the garbage Cafe food!
@cie F off. The company more then caught up in 2021, then they F-ed us with the 21-22 raises. Don’t act like they will treat us any better in 22-23 raises. Then need to provide a mid year raise.
We’ve never gotten raises based on inflation.
Our pay wasn’t reduced in 2020, we kept our benefits in 2020, and we are all better for that. Let’s allow the company to catch up from that period and our bonuses next year will be around this year’s.
MW loves inflation. In a declining industry, he needs to reign in and reduce salaries, especially petrotechs, who are soon to be dinosaurs. Inflation plus teeny raises allows him to de facto reduce employee salaries, while making his stock options worth even more. Everyone in SR is smiling ear to ear.
They were stale before he said them and rotted soon thereafter. The latest news simply highlights their putrescence.
Don’t expect big raises next year either. Probable get a good cip but not big raises.
The exception to this is if a lot of people leave for other companies.