Chevron CEO Michael Wirth's 2019 pay jumps 60% to $33.1M

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 $15.3M, a 64% increase compared to previous year.
Average pay of disclosed executives at Chevron
Michael K. Wirth, Chief Executive Officer, received $33.1M in total, which increased by 60% compared to 2018. 40.47% of Wirth's compensation, or $13.4M, 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, $11.7M in stock awards, as well as $422.7K 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 $15.3M, which increased by 40% compared to previous year. 48.84% 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 $11.4M 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.

Related executives

Michael Wirth

Chevron

Chief Executive Officer

Pierre Breber

Chevron

Chief Financial Officer

Patricia Yarrington

Chevron

Chief Financial Officer

James Johnson

Chevron

Executive Vice President,

Joseph Geagea

Chevron

Executive Vice President, Technology, Projects Services

Mark Nelson

Chevron

Executive Vice President, Downstream & Chemicals

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Source: SEC filing on April 7, 2020.