Marathon Oil CEO Clarence Cazalot's 2012 pay falls 50% to $15.6M
Marathon Oil reports 2012 executive compensation
By ExecPay News
Published: March 6, 2013
Marathon Oil reported fiscal year 2012 executive compensation information on March 6, 2013.
In 2012, six executives at Marathon Oil received on average a compensation package of $6.3M, a 43% decrease compared to previous year.
Clarence P. Cazalot, Jr, Chief Executive Officer, received $15.6M in total, which decreased by 50% compared to 2011. 35.27% of Cazalot's compensation, or $5.5M, was in option awards. Cazalot also received $3M in bonus, $2.6M of change in pension value and nonqualified deferred compensation earnings, $2.8M in non-equity incentive plan, $1.4M in salary, as well as $316.8K in other compensation.
Public Policy D. E. Roberts, Jr, Chief Operating Officer, received a compensation package of $8.4M, which decreased by 15% compared to previous year. 56.78% of the compensation package, or $4.8M, was in other compensation.
Janet F. Clark, Chief Financial Officer, earned $4.3M in 2012, a 46% decrease compared to previous year.
Sylvia J. Kerrigan, General Counsel, received $3.8M in 2012, which increases by 23% compared to 2011.
Michael K. Stewart, VP Accounting & Finance, Controller & Treasurer, earned $3.4M in 2012.
Eileen M. Campbell, Vice President,, received $2.3M in 2012, which decreases by 23% compared to 2011.
Chief Executive Officer
Chief Financial Officer
VP Accounting & Finance, Controller & Treasurer