Douglas E. Brooks is the CEO of Chord Energy Corporation, a role he has held since the end of 2020. With over 35 years of experience in the oil and gas industry, he brings a wealth of knowledge from various...

Douglas E. Brooks is the CEO of Chord Energy Corporation, a role he has held since the end of 2020. With over 35 years of experience in the oil and gas industry, he brings a wealth of knowledge from various leadership positions. He has previously been CEO of several companies, including Energy XXI Gulf Coast and Yates Petroleum Corporation. Brooks holds a Bachelor’s degree in Business Management from the University of Wyoming and an MBA in Finance. Notably, in 2022 and 2023, his compensation increased significantly, highlighting his growing role in the company's success. Insiders have seen fluctuations in their investments, and Brooks notably engaged in substantial insider trading activity, with significant trades reported regularly throughout 2022 and 2023, reflecting confidence in the company's direction. In short, he’s a seasoned player in the industry, navigating through highs and lows, driving Chord Energy forward with a seasoned perspective.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Chord Energy CEOs

C

Douglas E. Brooks

CEO of Chord Energy

Education

Bachelor of Science in Business Management from the University of Wyoming and a Master of Business Administration, Finance from Our Lady of the Lake University in Texas

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

January 1, 1959 - 66 years ago

CEO of Chord Energy for

4 years 3 months (Dec 2020 - Present)

Previous Experience

President and Chief Executive Officer of Energy XXI Gulf Coast, Inc.

Rivals

Competitors/colleagues of Douglas E. Brooks

M

Joseph Wm. Foran

Founder and CEO of Matador Resources

2023 Compensation

Stock

$11.09M

Salary

$1.35M

Bonus

$3.11M

Other

$25.70K

Total Holdings

$26.93M

D

Kaes Van't Hof

CEO of Diamondback Energy

2023 Compensation

Stock

$450.00K

Salary

$950.00K

Bonus

$300.00K

Other

$50.00K

Total Holdings

$16.35M

P

James H. Walter

CEO of Permian Resources

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$4.30K

Total Holdings

$163.30M

P

William M. Hickey III

CEO of Permian Resources

2023 Compensation

Stock

$15.00M

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$166.35M

S

Javan D. Ottoson

CEO of SM Energy

2022 Compensation

Stock

$0.00

Salary

$773.08K

Bonus

$1.10M

Other

$167.84K

Total Holdings

$12.79M

O

Brendan McCracken

CEO of Ovintiv

2023 Compensation

Stock

$3.86M

Salary

$1.10M

Bonus

$2.54M

Other

$407.55K

Total Holdings

$7.62M

Holdings

See how much did Douglas E. Brooks make over time.

Douglas E. Brooks has seen noteworthy fluctuations in his holdings with Chord Energy. His investments ranged from $2.88 million in August 2022 to hitting a peak of around $4.52 million by May 2024. Throughout this period, there were consistent monthly...

Douglas E. Brooks has seen noteworthy fluctuations in his holdings with Chord Energy. His investments ranged from $2.88 million in August 2022 to hitting a peak of around $4.52 million by May 2024. Throughout this period, there were consistent monthly variations in his trading activities, showcasing active engagement in managing his stake. Each month, from late 2022 into 2023, his reported holdings frequently shifted above the $3 million mark, indicating a strong belief in the company's potential during fluctuating market conditions. This level of investment highlights not just his commitment, but also strategic decisions based on market behavior and company performance.

Total Stock Sold

$264.42

CHRD

$264.42

2 CHRD shares

What if they kept their stock?

If Douglas E. Brooks didn't sell their stock, today they would have:
Extra CHRD2 shares worth $204.84.
This is -22.53% and $59.58 less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Douglas E. Brooks.

CHRD

$286.36

CHRD at $143.18/share

Sep 10, 2024

Sale

CHRD

1,042 shares

CHRD

May 1, 2024

Received

CHRD

1,385 shares

CHRD

Jun 1, 2023

Received

CHRD

1,740 shares

CHRD

Aug 31, 2022

Received

CHRD

$123.00K

CHRD at $123.00/share

Aug 5, 2022

Purchase

Compensation History

See how much did Douglas E. Brooks make over time.

In 2023, Douglas Brooks earned a total compensation of $2,985,651, which included a base salary of $850,000 and vested stocks worth over $1,005,143. His compensation plan is designed to align closely with shareholder interests, incorporating performance metrics focused on cash flow and efficiency. Notably, there was no bonus payout for 2023, indicating a straightforward base salary structure rather than one heavily reliant on bonuses. In 2022, his compensation was notably higher at $1,862,495, aided by performance bonuses and significant stock vesting due to prior achievements. This trajectory highlights a distinct growth pattern in his compensation, correlating with the evolving health of Chord Energy since his appointment as CEO.

Year

2023

Total Compensation

$1.88M

Salary

$850.00K

Board Justification

The compensation program is designed to attract and retain qualified executives, aligning their interests with those of shareholders through performance-based pay.

Bonus

$0.00

Board Justification

No annual bonus was awarded for 2023.

Other

$23.81K

Board Justification

Includes parking and 401(k) plan match.

Restricted Stock

$1.01M(7.35K RSU)

Board Justification

7,347 RSUs granted in 2023 that cliff vest on January 1, 2026, subject to continued employment.

Performance Metrics

Performance metrics include achieving specified Company performance goals related to free cash flow generation, operating efficiency, and ESG performance.

Other Chord Energy CEOs

Here are other CEOs of Chord Energy

Thomas B. Nusz

Ex-CEO of Chord Energy

March 2007 - December 2020