Hi - two lowly grunts here having a debate - are PSG 26s stock option available.
4 replies (most recent on top)
Available to you? No…. Available to a PSG26? Yes, yes they are….
A good while ago we had a lunch and learn with a retiring SASBU asset portfolio manager. His admin was like “hey I’ll get things kicked off with a question, what’s the best piece of advice you’d give these young horizons engineers”. He strokes his chin thinking for a bit, before finally saying “yeah, you gotta make it to PSG 27. Before then it’s fine. But once you make 27 level you and your family are set forever”. We were all like… ok. That was a hilarious thing to say to a bunch of new hires! Will remember that shizz forever lol
2-3 years typical time in PSG before next promotion? That applies to so few people, or at least so few people above PSG 22 or 23. It's become clearer and clearer that to get a promotion at Chevron means actually leaving Chevron and then coming back.
trolling for info ?
so you can call employees and show how much much you know ?
Not mine but here it goes:
- Chevron uses Pay Scale Grades (PSGs) to determine title, compensation band, and internal career level.
- Employees typically spend 2 to 3 years at each PSG before promotion consideration.
- Changing roles, even laterally, may reset the PSG progression timeline.
- This can penalize employees who move often for development versus peers who stay in place.
- PSG25 to PSG26 is a major compensation threshold.
- PSG26+ may include long-term incentives such as RSUs, performance shares, and stock options.
- LTI at PSG26+ can reportedly equal about 25% of base salary or more.
- Internal hiring managers can see an applicant's PSG, and being below a role's expected grade may hurt candidacy.
- External employers generally care more about actual scope, experience, and responsibility than Chevron PSG.
- Some employees may be worth more externally than their internal PSG suggests.
- Employees considering leaving at PSG26+ should evaluate unvested equity and total compensation.
- Employees may sometimes receive higher PSG scope and responsibility without an immediate pay increase, framed as a development opportunity.