Chevron CEO Michael Wirth's 2020 pay slips 12% to $29M
Chevron reports 2020 executive compensation
By ExecPay News
Published: April 8, 2021
Chevron reported fiscal year 2020 executive compensation information on April 8, 2021.
In 2020, five Chevron executives received on average a compensation package of $13M, a 15% decrease compared to previous year.
Average pay of disclosed executives at Chevron
Michael K. Wirth, Chief Executive Officer, received $29M in total, which decreased by 12% compared to 2019. 39% of Wirth's compensation, or $11M, was of change in pension value and nonqualified deferred compensation earnings. Wirth also received $3.9M in option awards, $1.6M in salary, $11M in stock awards, as well as $843K in other compensation.
For fiscal year 2020, the median employee pay was $157,572 at Chevron. Therefore, the ratio of Michael K. Wirth's pay to the median employee pay was 184 to one.
James W. Johnson, Executive Vice President,, received a compensation package of $10M, which decreased by 33% compared to previous year. 37% of the compensation package, or $3.8M, was in stock awards.
Mark A. Nelson, Executive Vice President, Downstream & Chemicals, earned $9.7M in 2020, a 1% decrease compared to previous year.
Pierre R. Breber, Chief Financial Officer, received $8.4M in 2020, which decreases by 27% compared to 2019.
Joseph C. Geagea, Executive Vice President, Technology, Projects Services, earned $8M in 2020, a 39% decrease compared to previous year.
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Source: SEC filing on April 8, 2021.