Ezra Y. Yacob became the CEO of EOG Resources, Inc. on October 1, 2021, marking a significant milestone in his career since he joined the company in 2005. With a strong background in geoscience, he has held several key positions,...

Current Market Cap

$77.70B

Number of Employees

3.05K

Total Compensation

2021 - 2023

Trending up by 30.02% last year
Showing total compensation for the last 2021 - 2023

Stock

Up by 0.00% last year

Salary

Up by 16.92% last year

Bonus

Up by 34.98% last year

Other

Up by 44.90% last year

Year

2023

Total Compensation

$4.06M

Salary

$1.17M

Board Justification

EOG Resources, Inc. aims to align executive compensation with company performance, focusing on long-term value creation for shareholders. The compensation structure includes a mix of fixed and performance-based pay, with significant emphasis on long-term incentives tied to stock performance.

Bonus

$2.52M

Board Justification

The bonus for Mr. Yacob was determined based on the company's performance against pre-established goals, including financial, strategic, operational, and organizational metrics. The performance factor applied was 140% of the target bonus, reflecting the company's achievements in 2023.

Other

$373.14K

Board Justification

Other compensation includes matching contributions under the Savings and Retirement Plan, perquisite allowances, and charitable matching contributions.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested for Mr. Yacob in 2023 as the performance units and restricted stock/RSUs are subject to a three-year cliff vesting schedule.

Performance Metrics

Performance metrics for determining CEO compensation include financial returns, free cash flow, unit costs, stock price performance, and safety and environmental performance.

SEC Filing

From March 28, 2024