VAALCO Energy Management
Management criteria checks 2/4
VAALCO Energy's CEO is George Maxwell, appointed in Apr 2021, has a tenure of 4.08 years. total yearly compensation is $3.02M, comprised of 19.6% salary and 80.4% bonuses, including company stock and options. directly owns 0.35% of the company’s shares, worth £951.82K. The average tenure of the management team and the board of directors is 2.5 years and 4.9 years respectively.
Key information
George Maxwell
Chief executive officer
US$3.0m
Total compensation
| CEO salary percentage | 19.61% |
| CEO tenure | 4.1yrs |
| CEO ownership | 0.3% |
| Management average tenure | 2.5yrs |
| Board average tenure | 4.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | US$58m |
| Dec 31 2024 | US$3m | US$591k | US$58m |
| 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$48m |
Compensation vs Market: George's total compensation ($USD3.02M) is above average for companies of similar size in the UK market ($USD1.10M).
Compensation vs Earnings: George's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
George Maxwell (58 yo)
4.1yrs
Tenure
US$3,015,493
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 |
|---|---|---|---|---|
| CEO & Director | 4.1yrs | US$3.02m | 0.35% £ 951.8k | |
| Chief Financial Officer | 3.9yrs | US$1.47m | 0.097% £ 265.4k | |
| Chief Operating Officer | 2.5yrs | US$1.94m | 0.17% £ 460.0k | |
| Executive VP | 2.6yrs | US$1.10m | 0.052% £ 142.6k | |
| Chief Accounting Officer | no data | no data | 0.016% £ 43.9k | |
| Executive Vice President of Technical & Business Development | less than a year | no data | no data | |
| Vice President of Global Human Resources | 2.1yrs | no data | no data |
2.5yrs
Average Tenure
58yo
Average Age
Experienced Management: EGY's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.9yrs | US$3.02m | 0.35% £ 951.8k | |
| Chairman Emeritus | 10.9yrs | US$551.90k | no data | |
| Independent Chairman of the Board | 10.6yrs | US$302.00k | 0.45% £ 1.2m | |
| Independent Director | 4.9yrs | US$192.00k | 0.14% £ 375.0k | |
| Independent Director | 2.6yrs | US$182.00k | 0.059% £ 161.1k | |
| Independent Director | 3.3yrs | US$184.50k | 0.043% £ 117.7k |
4.9yrs
Average Tenure
61yo
Average Age
Experienced Board: EGY's board of directors are considered experienced (4.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/18 10:27 |
| End of Day Share Price | 2025/05/16 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
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 Github.
Analyst Sources
VAALCO Energy, Inc. is covered by 12 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 |