Chevron CEO Michael Wirth's 2019 pay jumps 60% to $33M
Chevron reports 2019 executive compensation
By ExecPay News
Published: April 7, 2020
Chevron reported fiscal year 2019 executive compensation information on April 7, 2020.
In 2019, six Chevron executives received on average a compensation package of $15M, a 64% increase compared to previous year.
Average pay of disclosed executives at Chevron
Michael K. Wirth, Chief Executive Officer, received $33M in total, which increased by 60% compared to 2018. 40% of Wirth's compensation, or $13M, was of change in pension value and nonqualified deferred compensation earnings. Wirth also received $2.3M in non-equity incentive plan, $3.8M in option awards, $1.6M in salary, $12M in stock awards, as well as $423K in other compensation.
For fiscal year 2019, the median employee pay was $140,063 at Chevron. Therefore, the ratio of Michael K. Wirth's pay to the median employee pay was 236 to one.
James W. Johnson, Executive Vice President,, received a compensation package of $15M, which increased by 40% compared to previous year. 49% of the compensation package, or $7.5M, was of change in pension value and nonqualified deferred compensation earnings.
Joseph C. Geagea, Executive Vice President, Technology, Projects Services, earned $13M in 2019, a 66% increase compared to previous year.
Pierre R. Breber, Chief Financial Officer, received $11M in 2019, which increases by 42% compared to 2018.
Mark A. Nelson, Executive Vice President, Downstream & Chemicals, earned $9.8M in 2019.
Patricia E. Yarrington, Chief Financial Officer, received $9.2M in 2019, which increases by 28% compared to 2018.
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Source: SEC filing on April 7, 2020.