Occidental Petroleum Corp. (OXY) disclosed Friday that Chief Executive Vicki Hollub received a 6.5% increase in base salary and received a 106.5% bonus in 2019, with total compensation rising 13% to $15,990,903. In the 2019 Proxy Statement filed with the Securities and Exchange Commission, the oil and natural gas exploration and production company said Hollub's base salary was $1,330,769 last year and her bonus was $1,417,500, compared with a base of $1,250,000 and no bonus in 2018. Total compensation also includes $10.5 million worth of stock awards, up from $9.5 million worth in 2018. Meanwhile, Hollub's 2019 "realizable pay," which includes base and cash incentives and the projected value of long-term incentive awards, fell 25% to $4,405,234. The company's stock plunged 32.9% in 2019, while the SPDR Energy Select Sector ETF (XLE) rose 4.7% and the S&P 500 climbed 28.9%. Separately, the annual total compensation for Occidental's median employee was $185,529 last year, making the CEO Pay Ratio 86 to 1.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 17, 2020 10:07 ET (14:07 GMT)
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