Occidental Petroleum CEO Ray Irani receives $56M in 2006
Occidental Petroleum reports 2006 executive compensation
By ExecPay News
Published: March 22, 2007
Occidental Petroleum reported fiscal year 2006 executive compensation information on March 22, 2007.
In 2006, five executives at Occidental Petroleum received on average a compensation package of $20M.
Average pay of disclosed executives at Occidental Petroleum
Ray R. Irani, Chief Executive Officer, received $56M in total. 56% of Irani's compensation, or $31M, was in stock awards. Irani also received $1.4M in bonus, $602K of change in pension value and nonqualified deferred compensation earnings, $1.4M in non-equity incentive plan, $17M in option awards, $1.3M in salary, as well as $2.5M in other compensation.
Stephen I. Chazen, Chief Financial Officer, received a compensation package of $20M. 46% of the compensation package, or $9.1M, was in stock awards.
Donald P. de Brier, General Counsel, earned $8.5M in 2006.
John W. Morgan, Executive Vice President, received $8M in 2006.
Richard W. Hallock, EVP - Human Resources, earned $5.9M in 2006.
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Source: SEC filing on March 22, 2007.