The median annual compensation for Chevron employees in the U.S. and abroad last year rose 8.7% to $175,673
CEO Michael Wirth was paid $26.5-million in 2023, a 12.2 per cent boost from the prior year and above the median pay raise for employees, a securities filing showed on Wednesday.The median annual compensation for Chevron employees in the U.S. and abroad last year rose 8.7 per cent to $175,673. In 2022, the medium compensation for workers had dropped 12 per cent to $161,488, while Wirth’s pay had increased 4 per cent.
The deal is pending regulatory approval and being questioned by rival Exxon Mobil in an arbitration procedure. Chevron’s proxy statement did not provide further comments on the proposed acquisition. Chevron distributed a record $26.3-billion to shareholders in dividends and buybacks in 2023, up 18 per cent from the prior year.
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