Chevron Management
Management criteria checks 3/4
Chevron's CEO is Mike Wirth, appointed in Feb 2018, has a tenure of 6.17 years. total yearly compensation is $26.49M, comprised of 6.9% salary and 93.1% bonuses, including company stock and options. directly owns 0.018% of the company’s shares, worth €50.47M. The average tenure of the management team and the board of directors is 5.2 years and 6.8 years respectively.
Key information
Mike Wirth
Chief executive officer
US$26.5m
Total compensation
| CEO salary percentage | 6.9% |
| CEO tenure | 6.2yrs |
| CEO ownership | 0.02% |
| Management average tenure | 5.2yrs |
| Board average tenure | 6.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 German market ($USD5.66M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Wirth (62 yo)
6.2yrs
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 | 6.2yrs | US$26.49m | 0.018% $ 50.5m | |
| VP & General Counsel | 14.7yrs | US$7.28m | 0.0043% $ 12.4m | |
| Executive Vice President of Oil | 1.5yrs | US$10.04m | 0.0039% $ 11.1m | |
| VP, CFO | less than a year | no data | 0.000080% $ 228.6k | |
| VP & Chief Human Resources Officer | 5.2yrs | no data | 0.0023% $ 6.7m | |
| President of International Exploration & Production | no data | no data | no data | |
| President of Chevron New Energies & VP of Lower Carbon Energies | 2.7yrs | no data | 0.000020% $ 57.2k | |
| President of the National Lubricating Grease | 1.7yrs | no data | no data | |
| VP of Strategy & Sustainability | less than a year | no data | no data | |
| CTO & President - Chevron Energy Technology Company | 13.3yrs | no data | no data | |
| President of Europe | 10.3yrs | no data | no data | |
| Chief Governance Officer & Corporate Secretary | 8.9yrs | no data | no data |
5.2yrs
Average Tenure
58.5yo
Average Age
Experienced Management: CHV's management team is seasoned and experienced (5.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 7.2yrs | US$26.49m | 0.018% $ 50.5m | |
| Independent Director | 15.3yrs | US$417.50k | 0.00055% $ 1.6m | |
| Independent Director | 5.3yrs | US$417.50k | 0.00023% $ 657.3k | |
| Independent Director | 11.9yrs | US$422.50k | 0.00068% $ 1.9m | |
| Independent Director | 6.4yrs | US$397.50k | 0.00014% $ 400.1k | |
| Independent Director | 3.3yrs | US$397.50k | 0.00017% $ 485.9k | |
| Vice Chairman | 1.2yrs | US$12.22m | 0.0049% $ 14.1m | |
| Independent Director | 11.3yrs | US$416.08k | 0% $ 0 | |
| Lead Independent Director | 7.3yrs | US$467.50k | 0.00074% $ 2.1m | |
| Independent Director | 7.5yrs | US$387.50k | 0.00048% $ 1.4m | |
| Independent Director | 3.6yrs | US$387.50k | 0.00031% $ 886.0k | |
| Independent Director | 6.1yrs | US$397.50k | 0.00057% $ 1.6m |
6.8yrs
Average Tenure
65.5yo
Average Age
Experienced Board: CHV's board of directors are considered experienced (6.8 years average tenure).