David M. Wood, who was born on September 12, 1957, has a solid background in geology, holding a degree from Nottingham University. He led Murphy Oil Corporation as CEO from January 1, 2009, until August 30, 2013. Under his watch,...
David M. Wood, who was born on September 12, 1957, has a solid background in geology, holding a degree from Nottingham University. He led Murphy Oil Corporation as CEO from January 1, 2009, until August 30, 2013. Under his watch, the company saw a massive increase in stock options granted to executives to align their performance with shareholder interests. One notable part of his journey includes an aggressive focus on performance metrics like Return on Capital Employed (ROCE) and safety measures to drive compensation. In 2012, he received a total compensation package topping $18 million, which included a substantial bonus. Wood also made significant insider trades, peaking with transactions valued at over $45 million in late 2023. His tenure at Murphy is marked by a strategy aimed at long-term value creation, reflective in both his compensation and the stock performance outcomes during his leadership era.