Sundar PichaiSundar Pichai earned $164M in 2023
H

John B. Hess

CEO of Hess

Education

Bachelor's degree from Harvard University.

Field of Expertise

Business & Management

Born

March 14, 1955 - 69 years ago

Economy Sector

Energy

Current Tenure

3 years 4 months (Oct 2021 - Present)

Previous Experience

Various roles within Hess Corporation since 1978, including Senior Vice President and Chief Financial Officer.

John B. Hess, born in 1955, is the Chief Executive Officer of Hess Corporation, a well-known independent energy company. A Harvard graduate, he has a deep background in business, having served at Hess since 1978. John has steered the company...

Year

2023

Total Compensation

$5.25M

Salary

$1.50M

Board Justification

The compensation philosophy targets total direct compensation within a competitive range of market median, aligning with company performance and peer benchmarking.

Bonus

$3.72M

Board Justification

The annual incentive plan (AIP) payout was based on enterprise performance metrics, achieving 165.5% of target, with no individual performance adjustments made for the NEOs in 2023.

Other

$26.33K

Board Justification

This includes matching contributions under the company’s employees’ savings plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2023 as the focus is on performance share units (PSUs) and stock options that are tied to future performance periods.

Performance Metrics

The performance metrics for 2023 included production levels, capital and exploratory spend, controllable operated cash costs, returns and cash flow, and environment, health, and safety measures.