Occidental Petroleum CEO Vicki Hollub's 2019 pay rises 13% to $16M
Occidental Petroleum reports 2019 executive compensation
By ExecPay News
Published: April 17, 2020
Occidental Petroleum reported fiscal year 2019 executive compensation information on April 17, 2020.
In 2019, five executives at Occidental Petroleum received on average a compensation package of $7.7M, a 11% increase compared to previous year.
Average pay of disclosed executives at Occidental Petroleum
Vicki Hollub, Chief Executive Officer, received $16M in total, which increased by 13% compared to 2018. 66% of Hollub's compensation, or $11M, was in stock awards. Hollub also received $1.4M in bonus, $2.1M in non-equity incentive plan, $1.3M in salary, as well as $616K in other compensation.
For fiscal year 2019, the median employee pay was $185,259 at Occidental Petroleum. Therefore, the ratio of Vicki Hollub's pay to the median employee pay was 86 to one.
Cedric Burgher, Chief Financial Officer, received a compensation package of $6.2M, which increased by 17% compared to previous year. 55% of the compensation package, or $3.4M, was in stock awards.
Oscar Brown, Senior Vice President, Strategy, Business Development and Supply Chain, earned $5.7M in 2019.
Marcia E. Backus, General Counsel, received $5.4M in 2019, which increases by 4% compared to 2018.
Edward A. Lowe, Group Chairman, earned $5.4M in 2019, a 1% 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
Oscar Brown
Occidental Petroleum
Senior Vice President, Strategy, Business Development and Supply Chain
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Source: SEC filing on April 17, 2020.