Chevron CEO's Pay Rose 12% to $26.5 Million Last Year on Pension.

CHEVRON Corp. 001382555 CVX

Chevron Corp. CEO Mike Wirth's pay increased by 12% to $26.5 million last year, primarily due to a change in the value of his pension. While Wirth received a higher salary and stock awards, the pension change was the main factor in the increase. However, Chevron underperformed its competitors in 2023 due to refinery disruptions, production setbacks, and project delays. Outgoing CFO Pierre Breber encouraged staff to improve in an email. [Extracted from the article]

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