With rising concerns of impending layoffs following Chevron’s acquisition of Hess, how should you, as a Hess employee, prepare? In this video, Steven Chambers, CFA®, CFP®, addresses the most common questions we’ve seen from our clients and offers actionable insights on what to consider ahead of the transition.
In this video, Steven Chambers, CFA®, CFP®, addresses the most common questions we've seen and offers actionable insights for Hess employees.
Severances: We analyze Chevron's past acquisitions (like Noble Energy) to understand potential structures for severance packages, including cash payouts, benefit continuation, and stock option implications.
Financial Independence Considerations: When should you consider accepting a severance package and what should you consider when evaluating a severance offer?
Retirement Planning: How do your severance and Chevron-specific benefits like stock options impact what's available to you in retirement, and how does taking a severance affect your taxes?
Curious how Chevron & Hess benefits compare and what to expect after the acquisition? Access our checklist here: [awesome checklist URL]
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Willis Johnson & Associates
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Disclosures:
Willis Johnson & Associates is a registered investment advisor. The information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed herein. WJA is not endorsed by or affiliated with Chevron. Corporate benefits may change at any point in time. Be sure to consult with human resources and review Summary Plan Description(s) before implementing any strategy discussed herein. Willis Johnson & Associates is not a CPA firm.
