Mike Wirth, CEO of Chevron (CVX), earned $18.0M in total compensation in 2024. Chevron receives a Pay-for-Performance grade of D (48/100), with a CEO-to-worker pay ratio of 150:1 and a say-on-pay shareholder approval of 89.5%. The company's 3-year total shareholder return is -9.1%.
How Chevron CEO Pay Compares
Mike Wirth's $18.0M total compensation is 50% above the Oil & Gas industry median of $12.0M. The 150:1 CEO-to-worker pay ratio is 40% higher than the industry average of 107:1.
Chevron (CVX) reported total CEO compensation of $18.0M for Mike Wirth. The structure is typical of large-cap public companies: a small fixed salary, substantial equity awards, and short- and long-term incentive plans tied to performance.
The CEO-to-median-worker pay ratio is 150x, meaning Mike Wirth's $18.0M total comp is roughly that many times the median $120,000 earned by Chevron workers. The ratio is in the mid-range of S&P 500 disclosures and reflects the standard public-company compensation structure. Performance has been muted across the three-year window: -9.1% TSR, -3.0% revenue change. Stagnant performance combined with substantial CEO pay is the classic setup for proxy-advisor opposition on say-on-pay votes.
Shareholders supported the compensation package at 90% on the most recent say-on-pay vote. Solid support without overwhelming endorsement is the typical pattern for established public companies with conventional compensation programs. Chevron operates in Oil & Gas with 43,846 employees and $196.9B in annual revenue, and currently carries a market capitalization of $290.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for Chevron (CVX).
Compensation Breakdown
Mike Wirth's $18.0M total compensation package for fiscal year 2024 includes $1.8M in base salary, $9.0M in stock awards, $2.2M in option awards, and $2.7M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2024 | $1.8M | - | $9.0M | $2.2M | $2.7M | $2.0M | $18.0M |
| 2023 | $1.7M | - | $8.6M | $2.1M | $2.6M | $1.9M | $17.1M |
| 2022 | $1.6M | - | $8.1M | $1.9M | $2.4M | $1.8M | $16.2M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
Peer CEO Compensation
Mike Wirth, CEO of Chevron (CVX), earns $18.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Mike Wirth, CEO of Chevron (CVX), earns $18.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Chevron has a Pay-for-Performance Score of D (48/100). The company's 3-year total shareholder return is -9.1%, and the say-on-pay shareholder vote passed with 89.5% approval.
The CEO-to-median-worker pay ratio at Chevron is 150:1. The median worker at Chevron earns $120K per year, while CEO Mike Wirth earns $18.0M in total compensation.
Chevron employs approximately 43,846 people. The company operates in the Oil & Gas industry within the Energy sector, generating $196.9B in annual revenue.