This from Wallstreet Journal, makes me sick to the guts with what we are offered as our CIP and salary and benefits and constantly being reminded that it is competitive:
Mw total compensation is 82% above industry average
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Simply Wall St.
Shareholders May Not Be So Generous With Chevron Corporation's (NYSE:CVX) CEO Compensation And Here's Why
editorial-team@simplywallst.com (Simply Wall St)
Thu, May 23, 2024, 5:40 AM CDT3 min read
In This Article:
Key Insights
Chevron to hold its Annual General Meeting on 29th of May
Salary of US$1.82m is part of CEO Mike Wirth's total remuneration
Total compensation is 82% above industry average
Chevron's EPS grew by 40% over the past three years while total shareholder return over the past three years was 71%
Under the guidance of CEO Mike Wirth, Chevron Corporation (NYSE:CVX) has performed reasonably well recently. This is something shareholders will keep in mind as they cast their votes on company resolutions such as executive remuneration in the upcoming AGM on 29th of May. However, some shareholders will still be cautious of paying the CEO excessively.
Check out our latest analysis for Chevron
Comparing Chevron Corporation's CEO Compensation With The Industry
Our data indicates that Chevron Corporation has a market capitalization of US$295b, and total annual CEO compensation was reported as US$26m for the year to December 2023. We note that's an increase of 12% above last year. While we always look at total compensation first, our analysis shows that the salary component is less, at US$1.8m.
On comparing similar companies in the American Oil and Gas industry with market capitalizations above US$8.0b, we found that the median total CEO compensation was US$15m. This suggests that Mike Wirth is paid more than the median for the industry. Moreover, Mike Wirth also holds US$51m worth of Chevron stock directly under their own name, which reveals to us that they have a significant personal stake in the company