California Resources CEO Todd Stevens' 2018 pay jumps 59% to $7.7M
California Resources reports 2018 executive compensation
By ExecPay News
Published: March 26, 2019
California Resources reported fiscal year 2018 executive compensation information on March 26, 2019.
In 2018, five executives at California Resources received on average a compensation package of $3.6M, a 31% increase compared to previous year.
Average pay of disclosed executives at California Resources
Todd A. Stevens, Chief Executive Officer, received $7.7M in total, which increased by 59% compared to 2017. 61% of Stevens' compensation, or $4.7M, was in stock awards. Stevens also received $37K of change in pension value and nonqualified deferred compensation earnings, $1.2M in non-equity incentive plan, $520K in option awards, $867K in salary, as well as $430K in other compensation.
For fiscal year 2018, the median employee pay was $145,578 at California Resources. Therefore, the ratio of Todd A. Stevens' pay to the median employee pay was 53 to one.
Marshall D. Smith, Chief Financial Officer, received a compensation package of $3.6M, which increased by 31% compared to previous year. 48% of the compensation package, or $1.7M, was in stock awards.
Darren Williams, Executive Vice President Operations and Geoscience, earned $2.2M in 2018, a 30% increase compared to previous year.
Charles F. Weiss, Executive Vice President Public Affairs, received $2.2M in 2018, which increases by 33% compared to 2017.
Shawn M. Kerns, Executive Vice President Operations and Engineering, earned $2.2M in 2018.
Related executives
Todd Stevens
California Resources
Chief Executive Officer
Marshall Smith
California Resources
Chief Financial Officer
Darren Williams
California Resources
Executive Vice President Operations and Geoscience
Charles Weiss
California Resources
Executive Vice President Public Affairs
Shawn Kerns
California Resources
Executive Vice President Operations and Engineering
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Source: SEC filing on March 26, 2019.