Sundar PichaiSundar Pichai earned $164M in 2023

Michael K. Wirth is the CEO of Chevron, a major player in the global energy industry. He joined Chevron back in 1982 and has held many important positions, gaining a wealth of knowledge about the company and its operations. Wirth...

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Michael K. Wirth

CEO of Chevron

Education

N/A

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

January 1, 1961 - 64 years ago

CEO of Chevron for

7 years 2 months (Feb 2018 - Present)

Previous Experience

Joined Chevron in 1982, served as Executive Vice President of Downstream and Chemicals, and President of Global Supply and Trading

Holdings

See how much did Michael K. Wirth make over time.

Michael Wirth has a strong stake in Chevron with approximately 23,730 shares of the company valued at over $4 million as of early 2023. He holds both common stock and options, reflecting his commitment to the company's success. His ownership...

Mar 18, 2025

Total Stock Sold

$159.92M

CVX

$159.92M

1,261,444 CVX shares

What if they kept their stock?

If Michael K. Wirth didn't sell their stock, today they would have:
Extra CVX1,261,444 shares worth $106.35M.
This is -33.5% and $53.57M less than what they got when they sold the stock.

Charitable Transactions

CVX

6,805 shares

CVX

Recent Charitable Transactions

CVX

1,760 shares

CVX

Nov 4, 2019

Charity

CVX

5,045 shares

CVX

Nov 26, 2014

Charity

Insider Trading

See recent insider trades of Michael K. Wirth.

CVX

$26.36M

CVX at $160.13/share

Nov 14, 2024

Sale

CVX

23,730 shares

CVX

Jan 25, 2023

Received

CVX

$16.66M

CVX at $185.06/share

Nov 4, 2022

Sale

CVX

$418.65K

CVX at $139.55/share

Feb 25, 2022

Sale

CVX

$12.34M

CVX at $137.11/share

Feb 14, 2022

Sale

CVX

$3.00M

CVX at $114.26/share

Dec 1, 2021

Sale

CVX

$3.10M

CVX at $118.01/share

Nov 16, 2021

Sale

CVX

$5.97M

CVX at $113.79/share

Nov 4, 2021

Sale

CVX

$12.50M

CVX at $94.73/share

Jan 19, 2021

Sale

CVX

$8.18M

CVX at $121.21/share

Jan 6, 2020

Sale

Compensation History

See how much did Michael K. Wirth make over time.

In 2023, Michael Wirth earned a total compensation of $2.61 million. His pay package includes a base salary of $1.85 million and a performance-based bonus of $2.61 million, which is tied to Chevron’s overall performance. This structure reflects Chevron's focus on aligning executive pay with the company’s financial health and stockholder value. In 2022, his total compensation was significantly higher at around $23.5 million, boosted by strong performance metrics. However, in 2020, he received no bonus due to the company’s financial downturn, demonstrating a strong linkage between pay and performance. Wirth’s compensation strategy emphasizes retaining talent while ensuring accountability to the company’s results.

Year

2023

Total Compensation

$22.12M

Salary

$1.85M

Board Justification

Chevron's compensation philosophy is designed to attract and retain management who will deliver long-term stockholder value, with a focus on competitive pay, performance alignment, and retention strategies.

Bonus

$2.61M

Board Justification

The bonus is based on the Chevron Incentive Plan (CIP) for the 2023 performance year, with a corporate performance rating of 0.95 applied to the individual bonus component.

Other

$436.45K

Board Justification

Other compensation includes contributions to the Employee Savings Investment Plan (ESIP), the Employee Savings Investment Plan Restoration Plan (ESIP-RP), financial counseling, and security costs.

Restricted Stock

$17.23M(111.16K RSU)

Board Justification

The stock awards that vested in 2023 include performance shares and restricted stock units (RSUs) that were granted in prior years, with the cash value realized on vesting amounting to $17,228,256.

Performance Metrics

Performance metrics for the CEO's compensation include financial results, capital and cost management, operating and safety performance, and lower carbon initiatives.

Other Chevron CEOs

Here are other CEOs of Chevron