Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. Energy that is affordable, reliable and ever-cleaner. Directors interact with members of management and other employees in connection with Board meetings, briefings, dinners, receptions, and tours of company operations and facilities or at the request of a Director. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The Committee shall meet in executive session without the presence of management of the Corporation, as appropriate. However, for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. The purpose of the Management Compensation Committee (the Committee) of the Board of Directors of Chevron Corporation (the Corporation) is: The Committee shall comprise not fewer than two members of the Board of Directors, as shall be determined from time to time by the Board of Directors based on recommendations from the Board Nominating and Governance Committee, if any. The Board Nominating and Governance Committee reviews the Boards leadership structure annually and in planning for a leadership transition, and recommends changes to the Board of Directors as appropriate. Interested parties wishing to communicate their concerns or questions about Chevron to the Lead Director or to any other Independent Director may do so bymail to: Lead Director or Independent Directors The Committee shall review executive compensation-related stockholder proposals and recommend a Board of Directors response. The Chevron board opposed the measure, saying that the company was supporting an approach to achieve the goals of the Paris agreement, the landmark treaty on climate change, "as efficiently and . The Chairperson shall establish such other rules as may from time to time be necessary and proper for the conduct of the business of the Committee. As a member of Board of Directors at CHEVRON CORP, Jon M. Huntsman, Jr. made $375,492 in total compensation. Mandatory retirement for employee Directors is age 65. Stock Awards: Compensation paid in the form of company equity that is structured as restricted stock. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. 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. CHEVRON CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Chevron Corporation The Committee shall undertake an annual evaluation assessing its performance, which results shall be reported to the Board of Directors. The Committee shall review and consider the results of the Corporations most recent Say on Pay vote, and any other feedback gathered through the Corporations ongoing stockholder engagement, in making executive compensation decisions and recommendations to the Board of Directors. The Lead Director will chair all meetings of the Board in the Chairmans absence, chair the executive sessions, lead non-management Directors in an annual discussion of the performance evaluation of the CEO as well as communicate that evaluation to the CEO, oversee the process for CEO succession planning, lead the Boards review of the Board Nominating and Governance Committees assessment and recommendations from the Board self-evaluation process, lead the individual Director evaluation process, serve as a liaison between the Chairman and the independent Directors, consult with the Chairman on and approve agendas and schedules for Board meetings and other matters pertinent to the Corporation and the Board, be available to advise the Committee chairs of the Board in fulfilling their designated roles and responsibilities, and participate in the interview process for prospective directors with the Board Nominating and Governance Committee. Chevron employees rate the overall compensation and benefits package 4/5 stars. Stockholders may recommend a nominee by writing to the Corporate Secretary specifying the nominees name and the qualifications for Board membership. The Committee shall annually review compensation policies and practices of the Corporation, including non-executive programs, to determine whether any such policies or practices encourage excessive risk taking, or are reasonably likely to have a material adverse effect on the Corporation. These procedures can be found on the Chevron website at http://www.chevron.com/investors/corporate-governance. Update - Fatgbems IBB Abeokuta Water Contamination Incident. The agendas for Board meetings provide opportunities for the operating heads of the major businesses of the Corporation to make presentations to the Board. CONTACT INFO 5B, Folusho Alade Str., Awuse Est., Opebi, Ikeja, Lagos TEL: (+234) 01 4538694 MOBILE . The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. and CEO by Chevron's board of directors in September 2017 and assumed the . Chairman of the Board and Chief Executive Officer, As a member of Board of Directors at CHEVRON CORP, Ronald D. Sugar made $425,492 in total compensation. The Board Nominating and Governance Committee annually reviews the composition of the Board as a whole to assess the skills and characteristics that are currently represented on the Board, and in individual Directors, as well as the skills and characteristics that the Board may find valuable in the future, in light of the current and anticipated strategic plans and operating requirements of the Corporation and the long-term interests of stockholders. The charts on this page feature a breakdown of the total annual pay for the top executives at CHEVRON CORP as reported in their proxy statements. Because we understand that the well-being of people everywhere depends on energy. The Board annually reviews the CEO performance. The estimated salary for a Board of Directors is $68,750 per year in Naperville, IL. Option Awards: Compensation paid in the form of company equity that is structured as stock options. Company profile for Chevron Corp. including key executives, insider trading, ownership, revenue and average growth rates. All proxy statements are public filings made available to the general public by the SEC. read management compensation committee charter. San Ramon, California 94583-0806. The Board has structured its compensation to strive to result in ownership of at least seven times the annual cash retainer amount or 15,000 shares of stock or stock units after five years of service as a Director. Nigeria. P.O. The chart on this page features a breakdown of the total annual pay for Ronald D. Sugar at CHEVRON CORP as reported in their proxy statements. In such a case, the Board will submit the stockholder rights plan to stockholders for approval at the first meeting of stockholders for which a record date passes after the adoption of the stockholder rights plan. Read what they think about their salaries on our Compensation FAQ page for , Get started with your Free Employer Profile, Facilities Engineer salaries - 184 salaries reported, Petroleum Engineer salaries - 171 salaries reported, Software Engineer salaries - 117 salaries reported, Programmer Analyst salaries - 116 salaries reported, Financial Analyst salaries - 113 salaries reported, Reservoir Engineer salaries - 111 salaries reported, Process Engineer salaries - 105 salaries reported, Business Analyst salaries - 91 salaries reported, Project Manager salaries - 86 salaries reported, Customer Service Representative salaries - 69 salaries reported, Drilling Engineer salaries - 69 salaries reported, IT Professional salaries - 62 salaries reported, Reservoir Simulation Engineer salaries - 58 salaries reported, Research Scientist salaries - 53 salaries reported, Geologist salaries - 50 salaries reported, Sales Associate/Cashier salaries - 49 salaries reported. We have exciting capital projects that use innovative technology designed to provide decades of energy. Michael Arokodare. SAN RAMON, Calif., Dec. 2, 2020 - Chevron Corporation (NYSE: CVX) announced that Marillyn A. Hewson has been elected to Chevron's board of directors, effective on January 1, 2021. In addition, the Board has determined that the following relationships of Chevron Directors occurring within the last fiscal year are categorically immaterial if the relevant transactions are conducted in the ordinary course of business: The Board makes an affirmative determination regarding the independence of each Director annually, based upon the recommendation of the Board Nominating and Governance Committee. CHEVRON CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Chevron shareholders approved the slate of directors and executive pay by 96% and 94% votes, respectively, although they voted heavily in favor of other proposals Chevron had opposed. $0 was received as change in pension value and nonqualified deferred compensation earnings, Former Member, Rural Human Services Board of Directors 1987-2004 Former Member, Humboldt State University President's Advisory Board 1983-1996 Community Service Huntsman is also a member of the Chevron board of directors. Directors limit their other board memberships to a number which permits them, given their individual circumstances, to responsibly perform all of their Director duties, with no Director serving on the boards of more than five publicly traded companies. The Chairperson shall determine the agenda and shall have unlimited access to management and information. IBEW/NECA/LMCC: DAVID GOMEZ, Executive Director. As part of the evaluation, the Committee also invites input on individual director performance. Objective (s): To assess the routine HIV testing completeness and treatment initiation . This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. This report is not for commercial use. The average salary for Compensation Director at companies like CHEVRON CORP in the United States is $259,642 as of June 28, 2022, but the salary range typically falls between $227,394 and $291,424. The Corporation has and will continue to maintain an orientation program that contains written material, oral presentations and site visits. $0 was received as non-stock incentive plan compensation, Coronavirus Tips Working and Protection. Other executives include Pierre R. Breber, Vice President and Chief Financial Officer; Rhonda J. Morris, Vice President and Chief Human Resources Officer and 30 others. 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