Thread regarding ExxonMobil Corp. layoffs

Exxon vs other competitors employee comp

Curious XOM salary vs others. A key Houston peers salary is posted below from 2020 (adjust for inflation).

17 = $71,700, 8% CIP
18 = $82,000, 9% CIP
19 = $93,800, 10% CIP
20 = $106,500, 11% CIP
21 = $122,900, 12% CIP
22 = $141,400, 14% CIP
23 = $163,000, 16% CIP
24 = $187,900, 20% CIP
25 = $216,700, 25% CIP
26 = $246,500, 30% CIP, & stock options
27 = $283,600, 35% CIP, & stock
28 = $326,900, 40% CIP, & stock
29 = $377,700, 50% CIP, & stock
30 = $439,000, 60% CIP, & stock

A 30 year old D&C engineer ~ 22-23. 45 year D&C engineer ~ 25-26. D&C engineering manager ~ 27-29.

I always thought XOM paid more but I’m finding out that might not be the case. We are continually laying off, moving to low cost countries and pushing more and more change. Culture is still ok, even though everyone complains.

Curious, how’s your pay compared to the above (x1.25)?


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| 1 view | | 6 replies (last 2 days ago) | Reply
Post ID: @OP+1m2n41tgg

6 replies (most recent on top)

This is Chevron scale, and doesn't translate 1:1 with Exxon CL. I heard comparable Exxon level usually about 2 scale higher vs. Chevron. I..e Exxon CL 28 is Chevron 26, plus minus 1.

Anyone with direct experience can comment /correct me if I'm off.

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Post ID: @17t+1m2n41tgg

CL26 and have been for a few years. Definitely don’t make that. RSU bonus is only about $8k max. I don’t even know what CIP is

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Post ID: @17m+1m2n41tgg

@OP. Was this original post you took this chart from applicable to just this specific job?

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Post ID: @sd+1m2n41tgg

Thank goodness the company is moving away from having anyone above a CL28. What a waste of money for people that don’t actually make the company money.

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Post ID: @ce+1m2n41tgg

CL28 hertz my salary is $10k higher but no CIO or stock this year and haven’t had a raise since I turned 45

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Post ID: @bw+1m2n41tgg

It is a "myth" perpetuated by ExxonMobil management and H/R that ExxonMobil pays more than other energy companies.

Just shop your resume around to other Fortune 200 companies and you will find that others "salary + annual bonus + annual stock options) is significantly more than ExxonMobil

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Post ID: @am+1m2n41tgg

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