Chevron Corporation

NYSE:CVX Stock Report

Market Cap: US$300.8b

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 $53.13M. 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 percentage6.9%
CEO tenure6.2yrs
CEO ownership0.02%
Management average tenure5.2yrs
Board average tenure6.8yrs

Recent management updates

Recent updates

Chevron: Resilient To Oil Price Volatility But Wait For A Pullback

Apr 19

Chevron: A Strong Q1 Report Is Ahead

Apr 13

Chevron: Solid As A Cap Rock But Fairly Valued For Now

Mar 26

Chevron: Exxon Barges In To Scupper The Hess Deal Closure

Mar 12

Chevron Is A Solid Company At A Respectable Price

Feb 27

Chevron: Is This A Good Dividend Stock To Buy?

Feb 07

Chevron's (NYSE:CVX) Upcoming Dividend Will Be Larger Than Last Year's

Feb 05
Chevron's (NYSE:CVX) Upcoming Dividend Will Be Larger Than Last Year's

Value Investors Take Note! Why Chevron May Be A Must-Own Stock

Jan 29

We Think Chevron (NYSE:CVX) Can Stay On Top Of Its Debt

Jan 26
We Think Chevron (NYSE:CVX) Can Stay On Top Of Its Debt

Chevron And Hess Merger May Be At Risk As Geopolitical Risk Escalates

Jan 08

Chevron: Fill Up The Income Tank And Buy This 4%-Yielding Dividend Aristocrat

Dec 22

Lacklustre Performance Is Driving Chevron Corporation's (NYSE:CVX) Low P/E

Dec 18
Lacklustre Performance Is Driving Chevron Corporation's (NYSE:CVX) Low P/E

Chevron And Hess: Scenario Analysis Relating To Geopolitical Risk

Dec 04

Calculating The Fair Value Of Chevron Corporation (NYSE:CVX)

Nov 30
Calculating The Fair Value Of Chevron Corporation (NYSE:CVX)

Chevron Made New 52-Week Lows, But The Dividend Remains Safe

Nov 27

Chevron's (NYSE:CVX) Shareholders Will Receive A Bigger Dividend Than Last Year

Nov 13
Chevron's (NYSE:CVX) Shareholders Will Receive A Bigger Dividend Than Last Year

Buy HES, Sell CVX

Nov 06

Chevron Makes Hess Its Largest Acquisition

Oct 30

Chevron: Surprising But Delightful Deal For Hess Announcement

Oct 23

Chevron Offers Smoother Ride In Any Oil Market

Oct 16

We Think Chevron (NYSE:CVX) Can Manage Its Debt With Ease

Oct 05
We Think Chevron (NYSE:CVX) Can Manage Its Debt With Ease

Chevron Stock: Outlook Amid California Lawsuit

Oct 04

Chevron: Take Some Profit With Warren Buffett (Rating Downgrade)

Sep 26

Oil Could Hit $300 A Barrel

Sep 18

There's Been No Shortage Of Growth Recently For Chevron's (NYSE:CVX) Returns On Capital

Sep 02
There's Been No Shortage Of Growth Recently For Chevron's (NYSE:CVX) Returns On Capital

Chevron: Ready To Become The Next Dividend Champion Of This Decade

Aug 25

Calculating The Fair Value Of Chevron Corporation (NYSE:CVX)

Aug 15
Calculating The Fair Value Of Chevron Corporation (NYSE:CVX)

Making My Own Super Major Oil Company - Version 2.0

Aug 07

Chevron (NYSE:CVX) Is Paying Out A Larger Dividend Than Last Year

Jul 31
Chevron (NYSE:CVX) Is Paying Out A Larger Dividend Than Last Year

CEO Compensation Analysis

How has Mike Wirth's remuneration changed compared to Chevron's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023US$26mUS$2m

US$21b

Sep 30 2023n/an/a

US$25b

Jun 30 2023n/an/a

US$30b

Mar 31 2023n/an/a

US$36b

Dec 31 2022US$24mUS$2m

US$35b

Sep 30 2022n/an/a

US$34b

Jun 30 2022n/an/a

US$29b

Mar 31 2022n/an/a

US$21b

Dec 31 2021US$23mUS$2m

US$16b

Sep 30 2021n/an/a

US$10b

Jun 30 2021n/an/a

US$4b

Mar 31 2021n/an/a

-US$8b

Dec 31 2020US$29mUS$2m

-US$6b

Sep 30 2020n/an/a

-US$11b

Jun 30 2020n/an/a

-US$9b

Mar 31 2020n/an/a

US$4b

Dec 31 2019US$33mUS$2m

US$3b

Sep 30 2019n/an/a

US$13b

Jun 30 2019n/an/a

US$15b

Mar 31 2019n/an/a

US$14b

Dec 31 2018US$21mUS$1m

US$15b

Sep 30 2018n/an/a

US$14b

Jun 30 2018n/an/a

US$12b

Mar 31 2018n/an/a

US$10b

Dec 31 2017US$12mUS$1m

US$9b

Compensation vs Market: Mike's total compensation ($USD26.49M) is above average for companies of similar size in the US market ($USD13.52M).

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

NamePositionTenureCompensationOwnership
Michael Wirth
Chairman & CEO6.2yrsUS$26.49m0.018%
$ 53.1m
R. Pate
VP & General Counsel14.7yrsUS$7.28m0.0043%
$ 13.1m
A. Hearne
Executive Vice President of Oil1.5yrsUS$10.04m0.0039%
$ 11.7m
Eimear Bonner
VP, CFOless than a yearno data0.000080%
$ 240.7k
Rhonda Morris
VP & Chief Human Resources Officer5.2yrsno data0.0023%
$ 7.0m
Clay Neff
President of International Exploration & Productionno datano datano data
Jeff Gustavson
President of Chevron New Energies & VP of Lower Carbon Energies2.7yrsno data0.000020%
$ 60.2k
Anoop Kumar
President of the National Lubricating Grease1.7yrsno datano data
Molly Laegeler
VP of Strategy & Sustainabilityless than a yearno datano data
Paul Siegele
CTO & President - Chevron Energy Technology Company13.3yrsno datano data
Todd Levy
President of Europe10.3yrsno datano data
Mary Francis
Chief Governance Officer & Corporate Secretary8.9yrsno datano data

5.2yrs

Average Tenure

58.5yo

Average Age

Experienced Management: CVX's management team is seasoned and experienced (5.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Wirth
Chairman & CEO7.2yrsUS$26.49m0.018%
$ 53.1m
Enrique Hernandez
Independent Director15.3yrsUS$417.50k0.00055%
$ 1.7m
Debra Reed-Klages
Independent Director5.3yrsUS$417.50k0.00023%
$ 691.9k
Charles Moorman
Independent Director11.9yrsUS$422.50k0.00068%
$ 2.0m
John Frank
Independent Director6.4yrsUS$397.50k0.00014%
$ 421.2k
Marillyn Hewson
Independent Director3.3yrsUS$397.50k0.00017%
$ 511.4k
Mark Nelson
Vice Chairman1.2yrsUS$12.22m0.0049%
$ 14.8m
Alice Gast
Independent Director11.3yrsUS$416.08k0%
$ 0
Wanda Austin
Lead Independent Director7.3yrsUS$467.50k0.00074%
$ 2.2m
Dambisa Moyo
Independent Director7.5yrsUS$387.50k0.00048%
$ 1.4m
Jon Huntsman
Independent Director3.6yrsUS$387.50k0.00031%
$ 932.6k
D. Umpleby
Independent Director6.1yrsUS$397.50k0.00057%
$ 1.7m

6.8yrs

Average Tenure

65.5yo

Average Age

Experienced Board: CVX's board of directors are considered experienced (6.8 years average tenure).

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