Michael Wirth, CEO of Chevron Corp. (NYSE: CVX), is eligible for $19 million in total pay this year.
His annual base salary was set at $1.6 million, about $100,000 higher than a year earlier, a Feb. 4 regulatory filing showed.
Wirth, who also serves as chairman of Chevron's board of directors, was named CEO in February 2018 after a more than 30-year career at the San Ramon, California-headquartered oil major.
Wirth is eligible for a total compensation of $19 million, which includes performance shares, restricted stock units and options.
Breber, 54, joined Chevron in 1989, and most recently served as executive vice president of downstream and chemicals.
The parties must now renegotiate a deal that would transfer Breitburn's Permian reserves to investors including Elliott and WL Ross through their participation in a $775 million rights offering.
Oil major Exxon Mobil said Jan. 31 it would create three new separate E&P companies, effective April 1, in an effort to double its profit by 2025.
Blackstone Energy Partners made an equity commitment of $500 million in Waterfield Midstream, a Permian Basin oil and gas water management platform.