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.
Average pay of disclosed executives at Marathon Oil
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.

Related executives

Sylvia Kerrigan

Marathon Oil

General Counsel

Clarence Cazalot

Marathon Oil

Chief Executive Officer

Janet Clark

Marathon Oil

Chief Financial Officer

Michael Stewart

Marathon Oil

VP Accounting & Finance, Controller & Treasurer

Eileen Campbell

Marathon Oil

Vice President,

Public Roberts

Marathon Oil

Chief Operating Officer

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Source: SEC filing on March 6, 2013.