Chevron Management
Management criteria checks 3/4
Chevron's CEO is Mike Wirth, appointed in Feb 2018, has a tenure of 6.75 years. total yearly compensation is $26.49M, comprised of 6.9% salary and 93.1% bonuses, including company stock and options. directly owns 0.002% of the company’s shares, worth $6.37M. The average tenure of the management team and the board of directors is 4.5 years and 7.4 years respectively.
Key information
Mike Wirth
Chief executive officer
US$26.5m
Total compensation
| CEO salary percentage | 6.9% |
| CEO tenure | 6.8yrs |
| CEO ownership | 0.002% |
| Management average tenure | 4.5yrs |
| Board average tenure | 7.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$17b |
| Jun 30 2024 | n/a | n/a | US$19b |
| Mar 31 2024 | n/a | n/a | US$20b |
| Dec 31 2023 | US$26m | US$2m | US$21b |
| Sep 30 2023 | n/a | n/a | US$25b |
| Jun 30 2023 | n/a | n/a | US$30b |
| Mar 31 2023 | n/a | n/a | US$36b |
| Dec 31 2022 | US$24m | US$2m | US$35b |
| Sep 30 2022 | n/a | n/a | US$34b |
| Jun 30 2022 | n/a | n/a | US$29b |
| Mar 31 2022 | n/a | n/a | US$21b |
| Dec 31 2021 | US$23m | US$2m | US$16b |
| Sep 30 2021 | n/a | n/a | US$10b |
| Jun 30 2021 | n/a | n/a | US$4b |
| Mar 31 2021 | n/a | n/a | -US$8b |
| Dec 31 2020 | US$29m | US$2m | -US$6b |
| Sep 30 2020 | n/a | n/a | -US$11b |
| Jun 30 2020 | n/a | n/a | -US$9b |
| Mar 31 2020 | n/a | n/a | US$4b |
| Dec 31 2019 | US$33m | US$2m | US$3b |
| Sep 30 2019 | n/a | n/a | US$13b |
| Jun 30 2019 | n/a | n/a | US$15b |
| Mar 31 2019 | n/a | n/a | US$14b |
| Dec 31 2018 | US$21m | US$1m | US$15b |
| Sep 30 2018 | n/a | n/a | US$14b |
| Jun 30 2018 | n/a | n/a | US$12b |
| Mar 31 2018 | n/a | n/a | US$10b |
| Dec 31 2017 | US$12m | US$1m | US$9b |
Compensation vs Market: Mike's total compensation ($USD26.49M) is above average for companies of similar size in the AR market ($USD5.73M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Wirth (63 yo)
6.8yrs
Tenure
US$26,489,856
Compensation
Mr. Michael K. Wirth, also known as Mike, has been Chairman and Chief Executive Officer of Chevron Corporation since February 01, 2018. He is a Director at Chevron Corporation since February 1, 2017. He se...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.8yrs | US$26.49m | 0.0022% $ 6.4m | |
| VP & General Counsel | 15.3yrs | US$7.28m | 0.0013% $ 3.7m | |
| Vice Chairman | no data | US$12.22m | 0.0050% $ 14.6m | |
| VP & Chief Financial Officer | less than a year | no data | 0.000080% $ 230.5k | |
| General Manager of Investor Relations | no data | no data | no data | |
| VP & Chief Human Resources Officer | 5.8yrs | no data | 0.0024% $ 6.9m | |
| President of International Exploration & Production | no data | no data | no data | |
| President of Chevron New Energies & VP of Lower Carbon Energies | 3.3yrs | no data | 0.000030% $ 86.5k | |
| President of the National Lubricating Grease | 2.3yrs | no data | no data | |
| VP of Strategy & Sustainability | 1.1yrs | no data | no data | |
| President of Downstream | no data | no data | no data | |
| CTO & President - Chevron Energy Technology Company | 13.8yrs | no data | no data |
4.5yrs
Average Tenure
60yo
Average Age
Experienced Management: CVXD's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 7.8yrs | US$26.49m | 0.0022% $ 6.4m | |
| Independent Director | 15.9yrs | US$417.50k | 0.0016% $ 4.7m | |
| Independent Director | 5.9yrs | US$417.50k | 0.00024% $ 691.6k | |
| Independent Director | 12.5yrs | US$422.50k | 0.00070% $ 2.0m | |
| Independent Director | 7yrs | US$397.50k | 0.00015% $ 432.3k | |
| Independent Director | 3.8yrs | US$397.50k | 0.00018% $ 518.7k | |
| Independent Director | 11.9yrs | US$416.08k | 0% $ 0 | |
| Lead Independent Director | 7.9yrs | US$467.50k | 0.00076% $ 2.2m | |
| Independent Director | 2.4yrs | US$397.50k | 0% $ 0 | |
| Independent Director | 8.1yrs | US$387.50k | 0.00043% $ 1.2m | |
| Independent Director | 4.2yrs | US$387.50k | 0.00032% $ 922.2k | |
| Independent Director | 6.7yrs | US$397.50k | 0.00059% $ 1.7m |
7.4yrs
Average Tenure
66.5yo
Average Age
Experienced Board: CVXD's board of directors are considered experienced (7.4 years average tenure).