In 2016, Ray R. Irani earned $1.36M in total compensation at Occidental Petroleum, primarily from $1.14M salary. Most recently acquired 2,152 shares in Apr 2017. Currently holds stock worth $7.77M. Has donated $2.95M in stock to charitable causes. Led Occidental Petroleum as CEO for 26 years.
Compensation History
Annual executive compensation data for Ray R. Irani, including salary, bonuses, and stock awards.
Year
2016
Total Compensation
$1.36M
Salary
$1.14M
Bonus
$0.00
Other
$214.38K
Salary
$1.14MBoard Justification
The compensation program is designed to attract and retain outstanding executives by providing incentives to reward superior performance that supports Occidental’s long-term strategic objectives, aligning with stockholder interests.
Bonus
$0.00Board Justification
The Annual Cash Incentive award was based on a basket of key performance metrics and the Compensation Committee’s assessment of individual performance, with a target value of $1,875,000.
Other Compensation
$214.38KBoard Justification
Includes contributions to the Savings Plan, Supplemental Retirement Plan II, and personal benefits such as tax preparation and excess liability insurance.
Restricted Stock
Board Justification
No stock awards vested in 2016 as the focus was on performance-based compensation and long-term incentives.
Performance Metrics
The performance metrics for the Annual Cash Incentive included Total Spend per Barrel (TSPB) and individual performance assessments.
Ray R. Irani
Ex-CEO of Occidental Petroleum
Education
PhD in Chemical Engineering from the University of Southern California
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Energy
Born
January 1, 1934 - 91 years ago
CEO of Occidental Petroleum for
26 years 3 months (Jan 1990 - Apr 2016)
Previous Experience
President and Chief Operating Officer of Occidental Petroleum Corporation
Other Occidental Petroleum CEOs
Holdings
Track Ray R. Irani's stock holdings and portfolio value over time.
Charitable Transactions
69,245 shares
OXY
Recent Charitable Transactions
Insider Trading
Ray R. Irani's recent stock transactions, purchases, and sales filed with the SEC.
2,152 shares
WYNN
Apr 20, 2017
Received
2,559 shares
WYNN
Apr 13, 2016
Received
$2.72M
WYNN at $68.00/share
Oct 19, 2015
Purchase
1,951 shares
WYNN
Apr 23, 2015
Received
Rivals
Compare Ray R. Irani with competitor CEOs and industry peers.
Darren W. Woods
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Stock
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Salary
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Bonus
$4.55M
Other
$396.89K
Total Holdings
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Kaes Van't Hof
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2023 Compensation
Stock
$450.00K
Salary
$950.00K
Bonus
$300.00K
Other
$50.00K
Total Holdings
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Ezra Y. Yacob
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2023 Compensation
Stock
$0.00
Salary
$1.17M
Bonus
$2.52M
Other
$373.14K
Total Holdings
$22.95M
Michael K. Wirth
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2024 Compensation
Stock
$17.19M
Salary
$1.89M
Bonus
$3.62M
Other
$0.00
Total Holdings
$2.78M