Occidental Petroleum CEO Vicki Hollub's 2018 pay rises 11% to $14M

Occidental Petroleum reports 2018 executive compensation

By ExecPay News

Published: March 28, 2019

Occidental Petroleum reported fiscal year 2018 executive compensation information on March 28, 2019.
In 2018, five executives at Occidental Petroleum received on average a compensation package of $7M, a 6% increase compared to previous year.
Average pay of disclosed executives at Occidental Petroleum
Vicki Hollub, Chief Executive Officer, received $14M in total, which increased by 11% compared to 2017. 67% of Hollub's compensation, or $9.5M, was in stock awards. Hollub also received $2.8M in non-equity incentive plan, $1.3M in salary, as well as $543K in other compensation.
For fiscal year 2018, the median employee pay was $124,103 at Occidental Petroleum. Therefore, the ratio of Vicki Hollub's pay to the median employee pay was 114 to one.
Edward A. Lowe, Group Chairman, received a compensation package of $5.3M, which decreased by 18% compared to previous year. 66% of the compensation package, or $3.5M, was in stock awards.
Cedric Burgher, Chief Financial Officer, earned $5.3M in 2018, a 39% increase compared to previous year.
Marcia E. Backus, General Counsel, received $5.2M in 2018, which increases by 3% compared to 2017.
Glenn M. Vangolen, Senior Vice President, Business Support, earned $4.8M in 2018, a 5% increase compared to previous year.

Related executives

Vicki Hollub

Occidental Petroleum

Chief Executive Officer

Edward Lowe

Occidental Petroleum

Group Chairman

Marcia Backus

Occidental Petroleum

General Counsel

Cedric Burgher

Occidental Petroleum

Chief Financial Officer

Glenn Vangolen

Occidental Petroleum

Senior Vice President, Business Support

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Source: SEC filing on March 28, 2019.