Occidental Petroleum CEO Vicki Hollub's 2018 pay rises 11% to $14M
Occidental Petroleum reports 2018 executive compensation
By ExecPay News
Published: March 28, 2019
Occidental Petroleum reported fiscal year 2018 executive compensation information on March 28, 2019.
In 2018, five executives at Occidental Petroleum received on average a compensation package of $7M, a 6% increase compared to previous year.
Average pay of disclosed executives at Occidental Petroleum
Vicki Hollub, Chief Executive Officer, received $14M in total, which increased by 11% compared to 2017. 67% of Hollub's compensation, or $9.5M, was in stock awards. Hollub also received $2.8M in non-equity incentive plan, $1.3M in salary, as well as $543K in other compensation.
For fiscal year 2018, the median employee pay was $124,103 at Occidental Petroleum. Therefore, the ratio of Vicki Hollub's pay to the median employee pay was 114 to one.
Edward A. Lowe, Group Chairman, received a compensation package of $5.3M, which decreased by 18% compared to previous year. 66% of the compensation package, or $3.5M, was in stock awards.
Cedric Burgher, Chief Financial Officer, earned $5.3M in 2018, a 39% increase compared to previous year.
Marcia E. Backus, General Counsel, received $5.2M in 2018, which increases by 3% compared to 2017.
Glenn M. Vangolen, Senior Vice President, Business Support, earned $4.8M in 2018, a 5% increase compared to previous year.
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Source: SEC filing on March 28, 2019.