Marathon Petroleum reports 2018 executive compensation

CEO Gary R. Heminger receives $19.8M

Marathon Petroleum reported fiscal year 2018 executive compensation information on March 14, 2019.

In 2018, five executives at Marathon Petroleum received on average a compensation package of $8,279,851, a 9% increase compared to previous year.

Average pay of disclosed executives at Marathon Petroleum

Gary R. Heminger, Chief Executive Officer, received $19,806,050 in total, which increased by 1% compared to 2017. 41.12% of Heminger's compensation, or $8,143,693, was in stock awards. Heminger also received $931,253 of change in pension value and nonqualified deferred compensation earnings, $5,200,000 in non-equity incentive plan, $3,240,009 in option awards, $1,687,500 in salary, as well as $603,595 in other compensation.

Donald C. Templin, President, Refining, Marketing and Supply, received a compensation package of $6,423,979, which increased by 10% compared to previous year. 36.81% of the compensation package, or $2,364,874, was in stock awards.

Gregory J. Goff, Chairman, earned $6,184,249 in 2018.

Timothy T. Griffith, Chief Financial Officer, received $4,517,698 in 2018, which increases by 2% compared to 2017.

Anthony R. Kenney, President, Speedway, earned $4,467,278 in 2018, which is about the same as previous year.