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 her strategic thinking and has played a key role in high-profile acquisitions, like Anadarko Petroleum. Under her leadership, Occidental has focused on profitability, even during tough times for oil prices. In 2022, Vicki’s total pay was around $14.9 million, driven by performance-based incentives, which highlights her alignment with company goals. What’s interesting is that despite her significant vested stock awards, she actually received no stock grants for 2022. This signals the company’s focus on efficiency and sustainability, a priority for Hollub as she's also a board member of Lockheed Martin and advocates for low-carbon technologies. She’s been recognized for her contributions, named one of Fortune's Most Powerful Women in Business, and she joined the National Academy of Engineering in 2024. Her journey with Occidental tells a story of dedication, innovative thinking, and steering a massive organization in a changing energy landscape.

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Vicki Hollub

CEO of Occidental Petroleum

Education

Bachelor's degree in Geology from the University of Alabama

Sector of Economy

Energy

Born

January 1, 1963 - 62 years ago

CEO of Occidental Petroleum for

8 years 11 months (Apr 2016 - Present)

Previous Experience

Executive Vice President of Occidental Petroleum Corporation

Rivals

Competitors/colleagues of Vicki Hollub

Darren W. Woods

CEO of Exxon Mobil

2023 Compensation

Stock

$23.20M

Salary

$1.88M

Bonus

$4.79M

Other

$5.92M

Total Holdings

$204.10M

Kaes Van't Hof

CEO of Diamondback Energy

2023 Compensation

Stock

$450.00K

Salary

$950.00K

Bonus

$300.00K

Other

$50.00K

Total Holdings

$16.35M

Ezra Y. Yacob

CEO of EOG Resources

2023 Compensation

Stock

$0.00

Salary

$1.17M

Bonus

$2.52M

Other

$373.14K

Total Holdings

$22.37M

Michael K. Wirth

CEO of Chevron

2023 Compensation

Stock

$17.23M

Salary

$1.85M

Bonus

$2.61M

Other

$436.45K

Total Holdings

$11.17M

Warren E. Buffett

CEO of Berkshire Hathaway

2023 Compensation

Stock

$0.00

Salary

$100.00K

Bonus

$0.00

Other

$313.60K

Total Holdings

$162.98B

Carlos Abrams-Rivera

CEO of The Kraft Heinz Company

2023 Compensation

Stock

$4.71M

Salary

$800.00K

Bonus

$2.26M

Other

$488.03K

Total Holdings

$19.28M

Holdings

See how much did Vicki Hollub make over time.

As CEO of Occidental Petroleum, Vicki Hollub manages substantial stock holdings. In 2022, she had vested stock awards valued over $16.7 million from previous grants, but she did not receive any new stock grants that year. This shows her wealth had sharp shifts influenced by company performance and market conditions. At one point, her total pay from compensation topped $14.9 million, signaling her impact on company success. Hollub's wealth is closely tied to her role in guiding the company through challenges in the oil market, pushing for operational efficiency and low-carbon innovations. Her strategic decisions have been pivotal, carving out a unique space for Occidental in the energy sector, from producing oil in the U.S. to expanding into global markets. This consistent presence in the stock market makes her one of the key figures in energy investing, demonstrating the fluctuating dynamics of executive compensation and equity.

Insider Trading

See recent insider trades of Vicki Hollub.

OXY

76,924 shares

OXY

Feb 28, 2024

Received

OXY

234,734 shares

OXY

Feb 7, 2024

Received

OXY

75,365 shares

OXY

Feb 28, 2023

Received

OXY

199,217 shares

OXY

Feb 15, 2023

Received

OXY

$798.10K

OXY at $56.24/share

Mar 28, 2022

Purchase

OXY

56,713 shares

OXY

Feb 11, 2022

Received

OXY

72,372 shares

OXY

Feb 12, 2021

Received

OXY

166,619 shares

OXY

Feb 14, 2020

Received

OXY

8,616 shares

OXY

Jul 10, 2019

Received

OXY

$1.80M

OXY at $48.15/share

Jun 10, 2019

Purchase

Compensation History

See how much did Vicki Hollub make over time.

In 2022, Vicki Hollub's total compensation package reached $14.9 million. This included an annual salary of around $1.26 million and a bonus of about $312,000, which was based on various performance metrics. It's interesting that while she had significant vested stock worth over $16 million, she didn't receive any new stock grants that year. This setup reflects the company's push for performance-based compensation, emphasizing employee contributions and aligning with shareholders' interests. From previous years, it's clear that Hollub has seen fluctuations in pay – her salary was even reduced to $500,000 in 2020 due to cost-cutting measures during a tough market. Hollub's pay structure demonstrates a focus on efficiency and results, especially during low oil price periods, showcasing her adaptability as a leader in a challenging industry.

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.

Other Occidental Petroleum CEOs

Here are other CEOs of Occidental Petroleum

Stephen I. Chazen

Ex-CEO of Occidental Petroleum

May 2011 - April 2016