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Chevron's new CEO gets $1.5 million salary, stock awards

Reuters  |  HOUSTON 

HOUSTON (Reuters) - Chevron Corp said on Tuesday it boosted Chief Executive Mike Wirth's salary by 20 percent to $1.5 million when he took the oil producer's top job two months ago. Wirth, who has worked at Chevron for more than 35 years and was previously the company's vice chairman, is also eligible for stock awards and other compensation this year potentially worth more than $15 million.The pay raise came after Wirth's compensation as vice chairman was boosted last year by more than 25 percent, according to regulatory filings. Wirth earned compensation last year of $11.7 million, up from ...

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First Published: Wed, April 11 2018. 04:27 IST
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