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.
Newer staffing cuts by NOV are aimed at eliminating redundant functions within the oilfield equipment and service provider, such as marketing or recruitment,
Analysts with Tudor, Pickering, Holt & Co. noted the sale of Quintana’s legacy conventional pressure pumping operations was a small deal but that it also highlighted a “prodigious valuation upside.”
The lender group for Venture Global's $5.8 billion construction financing includes the world's leading Asian, European and North American project finance banks, the company said.