Vicki Hollub is the CEO of Occidental Petroleum, having taken the reins in April 2016. She started at the company over 40 years ago after earning her degree in Mineral Engineering from the University of Alabama. Hollub is known for...

Number of Employees

12.57K

Year

2022

Total Compensation

$18.83M

Salary

$1.26M

Board Justification

Occidental's compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and shareholder interests, while also considering market competitiveness and retention strategies.

Bonus

$312.00K

Board Justification

The bonus is based on the annual cash incentive (ACI) award, which is determined by company performance metrics and individual performance assessments for the year 2022.

Other

$549.51K

Board Justification

Other compensation includes contributions to retirement plans, personal benefits, and other miscellaneous benefits that were paid out in 2022.

Restricted Stock

$16.71M(295.66K RSU)

Board Justification

The stock awards that vested in 2022 were based on previous grants, with the total value realized from these vested shares amounting to $16,708,984.

Performance Metrics

The performance metrics for determining compensation in 2022 included total spend per barrel, sustainability performance, and individual performance assessments.

SEC Filing

From March 21, 2024

Vicki Hollub

CEO of Occidental Petroleum

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Education

Bachelor's degree in Geology from the University of Alabama

Field of Expertise

Born

January 1, 1963 - 62 years ago

Is Founder?

No

Current Tenure

8 years 8 months (Apr 2016 - Present)

Previous Experience

Executive Vice President of Occidental Petroleum Corporation