Chevron vs ConocoPhillips — CEO Pay Comparison
Mike Wirth (Chevron) earns $6.0M more in total compensation than Ryan Lance (ConocoPhillips).
| Metric | ChevronCVX | ConocoPhillipsCOP |
|---|---|---|
| CEO | Mike Wirth | Ryan Lance |
| Industry | Oil & Gas | Oil & Gas |
| Total Compensation | $18.0M | $12.0M |
| Base Salary | $1.8M | $1.2M |
| Stock Awards | $9.0M | $6.0M |
| Option Awards | $2.2M | $1.4M |
| Non-Equity Incentive | $2.7M | $1.8M |
| Pay-for-Performance Grade | D (48/100) | B (66/100) |
| CEO-Worker Pay Ratio | 150:1 | 100:1 |
| Median Worker Pay | $120K | $120K |
| Say-on-Pay Approval | 89.5% | 90.1% |
| 3yr Total Shareholder Return | -9.1% | +4.0% |
| Revenue | $196.9B | $56.0B |
| Market Cap | $290.0B | $130.0B |
| Employees | 43,846 | 10,100 |
Analysis
Mike Wirth (Chevron) earns $18.0M in total compensation, while Ryan Lance (ConocoPhillips) earns $12.0M. That is a difference of $6.0M.
On pay-for-performance alignment, Chevron scores D (48/100) while ConocoPhillips scores B (66/100). ConocoPhillips's CEO compensation is better aligned with company performance.
Chevron's CEO-to-worker pay ratio is 150:1 compared to ConocoPhillips's 100:1. Shareholders approved CEO pay at 89.5% (Chevron) and 90.1% (ConocoPhillips).