$CVX CEO and CFO both received a double digit pay raise this year for putting the company in this position! They should have hedged with all those capital expenditures coming online in '15 and '16 The BOD is inept and there is a huge disconnect between performance and pay. The CFO and CEO should resign. Unfortunately, the Board will continue to reward their stupidity with more perqs and benefits to the detriment of share/bag/holders.