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,...
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, including Vice President and General Manager of EOG's Midland office. His leadership is backed by years of experience in exploration and production, which is crucial in the energy sector. In his first couple of years as CEO, Yacob's total compensation went from about $2.1 million in 2021 to over $4 million in 2023, highlighting the company's excellent performance. His pay structure includes a hefty bonus tied to company success, motivating him to push for results. Notably, he has received zero vested stock in 2023, as his compensation strategy focuses on long-term growth through performance units that reward him based on EOG’s performance over time. Under his guidance, EOG continues to expand its position as a leading oil and gas producer, showing how pivotal leadership can drive company growth in a competitive industry.