Chevron awards staff special bonus following earnings blowout

By Sheila Dang

HOUSTON, ‌Aug 3 (Reuters) - ​Chevron ​will award employees a special bonus for operational results so far this year, ‌following the U.S. oil producer's record earnings report ⁠on Friday that was boosted by high oil prices ‌from the ongoing war ‌in Iran.

In an internal email on Monday that was seen by Reuters, CEO Mike Wirth praised ​Chevron staffers for meeting cost-reduction targets, achieving deal synergies from the Hess acquisition ahead ⁠of schedule and operating safely amid geopolitical upheaval this year in Venezuela ​and the Middle East.

"Results like these in a year like this are not ​ordinary," Wirth wrote. "They reflect extraordinary ‌effort under extraordinary circumstances."

The bonus will amount to half of monthly base pay ⁠for most employees, the email said.

The extra cash was announced as U.S. President Donald Trump renewed his ⁠criticism of major oil companies, urging them to lower gasoline ​prices and calling out Wirth during a Fox News TV interview on Sunday for not crediting the administration for ‌the company's success.

"Get your consumer (retail!) Oil Prices DOWN, NOW!" Trump wrote in a ‌post on Truth Social. Chevron did not immediately ⁠respond to a ‌request for comment ​about the statement.

(Reporting by Sheila Dang in Houston. Editing by Nathan Crooks and Mark ‌Potter)

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