wealth
Chevron’s wealth benefits include pay and benefit programs to help you prepare financially – for today and for the future.
NEW! More details, including transition guides and pay schedule updates, now available.
Effective January 1, 2026, your pay schedule will change to mirror Chevron’s pay schedule, which is different from your current pay schedule. See the pay guides listed at right to learn about what you need to know and do to prepare.
The Chevron Incentive Plan (CIP) is the annual bonus program for all employees that provides a cash payout in recognition of performance year results.
The Recognition and Awards (R&A) program allows employees to recognize individuals and teams for superb efforts and achievements. Most employees are eligible to receive awards, and all employees can give or nominate other eligible employees for awards using a standard online tool.
salaried schedule
NEW! This guide covers what salaried employees need to know and do to prepare for the pay schedule change.
hourly schedule
NEW! This guide covers what hourly employees need to know and do to prepare for the pay schedule change.
transition guide
NEW! General information about how your Hess Savings Plan will transition to Chevron’s 401(k) plan.
The Employee Savings Investment Plan (ESIP) is a defined contribution 401(k) plan that allows you to set aside money to save for your future. You choose an amount to contribute from your paycheck each pay period and Chevron matches a portion of your contributions.
transition guide
NEW! General information about whether your Hess pension formula will transition to Chevron’s pension benefit or if it will remain unchanged and any actions you may need to take.
The Chevron Retirement Plan (CRP) is a defined benefit (pension) plan. This means you accrue a benefit simply by working for Chevron. It pays a benefit according to a formula and grows as your years of service, age and pay increase.
Depending on the pension formula you participate in at Hess, you may transition to the CRP or your formula may remain unchanged. See the transition guide to learn more.
Use these resources to learn more about the Chevron Retirement Plan (CRP):
retirement program
This communication provides only certain highlights about benefit provisions. It is not intended to be a complete explanation. If there are any discrepancies between this communication and the legal plan documents, the legal plan documents will prevail to the extent permitted by law. Oral statements about plan benefits are not binding on Chevron or the applicable plan. Chevron Corporation reserves all rights, for any reason and at any time, to amend, change or terminate these plans or to change or eliminate the company contribution toward the cost of such plans. Such amendments, changes, terminations or eliminations may be applicable without regard to whether someone previously terminated employment with Chevron or previously was subject to a grandfathering provision. Unless required by applicable law, there are no vested rights with respect to any Chevron health and welfare plan benefit or to any company contributions towards the cost of such health and welfare plan benefits. Some benefit plans and policies described in this document may be subject to collective bargaining and, therefore, may not apply to union-represented employees.