VAALCO Energy Management

Management criteria checks 3/4

VAALCO Energy's CEO is George Maxwell, appointed in Apr 2021, has a tenure of 3.75 years. total yearly compensation is $1.98M, comprised of 27.8% salary and 72.2% bonuses, including company stock and options. directly owns 0.36% of the company’s shares, worth €1.56M. The average tenure of the management team and the board of directors is 2.3 years and 4.6 years respectively.

Key information

George Maxwell

Chief executive officer

US$2.0m

Total compensation

CEO salary percentage	27.8%
CEO tenure	3.8yrs
CEO ownership	0.4%
Management average tenure	2.3yrs
Board average tenure	4.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has George Maxwell's remuneration changed compared to VAALCO Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$90m
Jun 30 2024	n/a	n/a	US$85m
Mar 31 2024	n/a	n/a	US$64m
Dec 31 2023	US$2m	US$550k	US$60m
Sep 30 2023	n/a	n/a	US$34m
Jun 30 2023	n/a	n/a	US$35m
Mar 31 2023	n/a	n/a	US$43m
Dec 31 2022	US$2m	US$550k	US$51m
Sep 30 2022	n/a	n/a	US$68m
Jun 30 2022	n/a	n/a	US$92m
Mar 31 2022	n/a	n/a	US$83m
Dec 31 2021	US$818k	US$225k	US$81m
Sep 30 2021	n/a	n/a	US$43m
Jun 30 2021	n/a	n/a	US$20m
Mar 31 2021	n/a	n/a	US$15m
Dec 31 2020	US$108k	n/a	-US$48m

Compensation vs Market: George's total compensation ($USD1.98M) is above average for companies of similar size in the German market ($USD976.69K).

Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.

CEO

George Maxwell (58 yo)

3.8yrs

Tenure

US$1,976,425

Compensation

Mr. George Walter-Mitchell Maxwell serves as Chief Executive Officer at VAALCO Energy, Inc. since April 19, 2021. He had been an Independent Non-Executive Director at Lekoil Limited since January 8, 2021 u...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
George Maxwell	CEO & Director	3.8yrs	US$1.98m	0.36% € 1.6m
Ronald Bain	Chief Financial Officer	3.6yrs	US$1.05m	0.10% € 439.4k
Thor Pruckl	Chief Operating Officer	2.2yrs	US$1.42m	0.18% € 785.6k
Matthew Powers	Executive VP	2.3yrs	US$799.43k	0.052% € 228.4k
Lisa Ruiz	Vice President of Global Human Resources	1.8yrs	no data	no data
Al Petrie	Investor Relations Coordinator	no data	no data	no data

2.3yrs

Average Tenure

57.5yo

Average Age

Experienced Management: VAW's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
George Maxwell	CEO & Director	4.6yrs	US$1.98m	0.36% € 1.6m
Robert Gerry	Chairman Emeritus	10.6yrs	US$551.90k	no data
Andrew Fawthrop	Independent Chairman of the Board	10.3yrs	US$310.00k	0.45% € 2.0m
Catherine Stubbs	Independent Director	4.6yrs	US$200.00k	0.14% € 600.6k
Edward LaFehr	Independent Director	2.3yrs	US$179.00k	0.059% € 257.9k
Fabrice Nze-Bekale	Independent Director	3yrs	US$190.00k	0.043% € 188.5k

4.6yrs

Average Tenure

61yo

Average Age

Experienced Board: VAW's board of directors are considered experienced (4.6 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/09 12:45
End of Day Share Price	2025/01/08 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

VAALCO Energy, Inc. is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephane Guy Foucaud	Auctus Advisors LLP
Glenn Williams	B. Riley Wealth
null null	Burkenroad Reports

VAALCO Energy Management

Management criteria checks 3/4

Key information

Recent management updates

VAALCO Energy, Inc., Annual General Meeting, Jun 06, 2024

VAALCO Energy, Inc. Announces Executive Changes

CEO & Director recently bought €107k worth of stock

Less than half of directors are independent

VAALCO Energy, Inc. Announces the Promotion of Thor Pruckl to Chief Operating Officer

Matthew Powers Joins VAALCO Energy, Inc. as Executive Vice President and General Counsel

Recent updates

New major risk - Revenue and earnings growth

Third quarter 2024 earnings released: EPS: US$0.11 (vs US$0.057 in 3Q 2023)

VAALCO Energy, Inc. Announces Quarterly Cash Dividend, Payable on December 20, 2024

VAALCO Energy, Inc. to Report Q3, 2024 Results on Nov 11, 2024

Investor sentiment improves as stock rises 18%

Investor sentiment deteriorates as stock falls 15%

Now 29% overvalued

Second quarter 2024 earnings released: EPS: US$0.27 (vs US$0.063 in 2Q 2023)

VAALCO Energy, Inc. Provides Production and Sales Guidance for the Third Quarter of Fiscal Year 2024

Investor sentiment deteriorates as stock falls 15%

VAALCO Energy, Inc. Declares Cash Dividend for the Third Quarter of 2024, Payable on September 20, 2024

VAALCO Energy, Inc. to Report Q2, 2024 Results on Aug 06, 2024

VAALCO Energy, Inc. Announces Successful Drilling Campaign Results in Canada

First quarter dividend of US$0.063 announced

First quarter 2024 earnings released: EPS: US$0.074 (vs US$0.032 in 1Q 2023)

VAALCO Energy, Inc. Provides Production and Sales Guidance for the Second Quarter and Full Year of 2024

VAALCO Energy, Inc. completed the acquisition of Svenska Petroleum Exploration AB from Petroswede AB for approximately $40.2 million.

VAALCO Energy, Inc., Annual General Meeting, Jun 06, 2024

VAALCO Energy, Inc. to Report Q1, 2024 Results on May 07, 2024

VAALCO Energy, Inc. Announces Executive Changes

Investor sentiment improves as stock rises 21%

Full year 2023 earnings released: EPS: US$0.57 (vs US$0.74 in FY 2022)

Now 26% overvalued after recent price rise

VAALCO Energy, Inc. Provides Production and Sales Guidance for the First Quarter and Full Year 2024

VAALCO Energy, Inc. to Report Q4, 2023 Results on Mar 13, 2024

VAALCO Energy, Inc. entered into a sales and purchase agreement to acquire Svenska Petroleum Exploration AB from Petroswede AB for approximately $66.5 million.

VAALCO Energy, Inc. entered into a sales and purchase agreement to acquire Svenska Petroleum Exploration AB from Petroswede AB for approximately $66.5 million.

Upcoming dividend of US$0.063 per share

VAALCO Energy, Inc. Declares Quarterly Cash Dividend, Payable on March 28, 2024

Upcoming dividend of US$0.063 per share at 6.0% yield

Third quarter 2023 earnings released: EPS: US$0.057 (vs US$0.12 in 3Q 2022)

VAALCO Energy, Inc. Provides Consolidated Production and Sales Guidance for the Fourth Quarter and Full Year 2023

Investor sentiment deteriorates as stock falls 15%

VAALCO Energy, Inc. Declares Quarterly Cash Dividend, Payable on December 21, 2023

VAALCO Energy, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Upcoming dividend of US$0.063 per share at 5.3% yield

VAALCO Energy, Inc. Provides Production and Sales Guidance for the Third Quarter of Fiscal 2023

Second quarter 2023 earnings released: EPS: US$0.063 (vs US$0.25 in 2Q 2022)

VAALCO Energy, Inc. Declares Quarterly Cash Dividend, Payable on September 22, 2023

Investor sentiment improves as stock rises 15%

VAALCO Energy, Inc. to Report Q2, 2023 Results on Aug 09, 2023

Upcoming dividend of US$0.063 per share at 6.7% yield

VAALCO Energy, Inc. Provides Production and Sales Guidance for the Second Quarter and Full Year of Fiscal 2023

First quarter 2023 earnings released: EPS: US$0.032 (vs US$0.21 in 1Q 2022)

VAALCO Energy, Inc. Declares Quarterly Dividend for the Second Quarter of 2023, Payable on June 23, 2023

VAALCO Energy, Inc. to Report Q1, 2023 Results on May 09, 2023

Full year 2022 earnings released: EPS: US$0.74 (vs US$1.38 in FY 2021)

Upcoming dividend of US$0.063 per share at 6.1% yield

Investor sentiment improves as stock rises 16%

VAALCO Energy, Inc. Increases Cash Dividend for the First Quarter of 2023, Payable on March 31, 2023

Investor sentiment deteriorated over the past week

VAALCO Energy, Inc. Provides an Operational Update Including Additional Information on the North Tchibala 2H-ST well

CEO & Director recently bought €107k worth of stock

Upcoming dividend of US$0.033 per share

Less than half of directors are independent

VAALCO Energy, Inc. Announces the Promotion of Thor Pruckl to Chief Operating Officer

VAALCO Energy, Inc. Provides Production Guidance for Fourth Quarter 2022

Third quarter 2022 earnings released: EPS: US$0.12 (vs US$0.54 in 3Q 2021)

VAALCO Energy, Inc. to Report Q3, 2022 Results on Nov 08, 2022

VAALCO Energy Inc. Declares Quarterly Cash Dividend for the Fourth Quarter of 2022, Payable on December 22, 2022

Matthew Powers Joins VAALCO Energy, Inc. as Executive Vice President and General Counsel

Less than half of directors are independent

VAALCO Energy, Inc. Announces Board Appointments

Investor sentiment improved over the past week

VAALCO Energy Announces Successful Drilling of North Tchibala 2H-ST Well and Provides Operational Update on FSO and Field Reconfiguration at Etame

VAALCO Energy, Inc. Announces Approval of Plan of Development for Discovery on Block P in Equatorial Guinea

VAALCO Energy Announces Approval of Plan of Development for Discovery on Block P in Equatorial Guinea

Investor sentiment deteriorated over the past week

VAALCO Energy, Inc. Announces Michael Silver's Intention to Leave