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Chevron CEO Michael Wirth's pay rises to $32.7 million in 2024

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U.S. oil major Chevron said on Friday its Chairman and Chief Executive Officer Michael Wirth was paid $32.7 million in 2024, according to a filing with the Securities and Exchange Commission.
In 2024, Chevron CEO Michael Wirth's compensation saw a significant increase, reaching $32.7 million. This rise in pay was largely due to a substantial increase in stock awards, which jumped from $14.5 million in 2022 to $19.6 million in 2023. His base salary remained unchanged at $1.8 million, but his total compensation was bolstered by a $1.5 million bonus, $9.8 million in stock options, and other compensations amounting to $1.5 million. This adjustment in his pay package reflects Chevron's performance and aligns with the company's strategy to reward its top executives amidst a backdrop of fluctuating oil prices and market conditions.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/chevron-ceo-michael-wirths-pay-rises-to-327-million-in-2024/ar-AA1BpOMb ]