In 2016, Stephen I. Chazen earned $3.28M in total compensation at Occidental Petroleum, primarily from $1.00M salary. Most recently acquired 5,360 shares in May 2022. Currently holds stock worth $20.42M. Has donated $18.26M in stock to charitable causes. Led Occidental Petroleum as CEO for 4 years.
Compensation History
Annual executive compensation data for Stephen I. Chazen, including salary, bonuses, and stock awards.
Year
2016
Total Compensation
$3.28M
Salary
$1.00M
Bonus
$0.00
Other
$2.28M
Salary
$1.00MBoard Justification
The compensation philosophy for the CEO is designed to align with company performance and shareholder interests, focusing on long-term value creation and retention of key executives.
Bonus
$0.00Board Justification
No annual cash incentive was awarded to Mr. Chazen in 2016 as part of an agreement with the Board due to his transition from CEO to strategic advisor.
Other Compensation
$2.28MBoard Justification
This amount includes payment for accrued but unused vacation and other benefits.
Restricted Stock
Board Justification
No stock awards vested for Mr. Chazen in 2016 as he did not participate in the long-term incentive program for that year.
Performance Metrics
Mr. Chazen was not eligible for performance metrics in 2016 due to his transition from CEO.
Stephen I. Chazen
Ex-CEO of Occidental Petroleum
Education
PhD in Geology from Michigan State University, MBA from the University of Houston
Sector of Economy
Energy
Born
January 1, 1955 - 70 years ago
CEO of Occidental Petroleum for
4 years 11 months (May 2011 - Apr 2016)
Previous Experience
Chief Financial Officer of Occidental Petroleum Corporation
Holdings
Track Stephen I. Chazen's stock holdings and portfolio value over time.
Total Stock Sold
$29.29M
$29.29M
414,000 OXY shares
What if they kept their stock?
If Stephen I. Chazen didn't sell their stock, today they would have:
Extra OXY414,000 shares worth $17.67M.
This is -39.68% and $11.62M less than what they got when they sold the stock.
Charitable Transactions
427,900 shares
OXY
Recent Charitable Transactions
25,000 shares
OXY
Feb 21, 2017
Charity
20,000 shares
OXY
Aug 30, 2016
Charity
35,000 shares
OXY
May 10, 2016
Charity
55,000 shares
OXY
Dec 1, 2015
Charity
40,000 shares
OXY
Dec 31, 2014
Charity
22,000 shares
OXY
Dec 31, 2013
Charity
Insider Trading
Stephen I. Chazen's recent stock transactions, purchases, and sales filed with the SEC.
5,360 shares
OXY
May 9, 2022
Received
$515.20K
OXY at $25.76/share
Aug 9, 2021
Purchase
12,580 shares
OXY
May 10, 2021
Received
6,892 shares
WMB
Apr 27, 2021
Received
18,248 shares
OXY
Jun 1, 2020
Received
8,726 shares
WMB
Apr 28, 2020
Received
4,383 shares
OXY
Mar 19, 2020
Received
$239.30K
WMB at $23.93/share
Aug 5, 2019
Purchase
$273.28K
WMB at $27.33/share
May 20, 2019
Purchase
6,120 shares
WMB
May 9, 2019
Received
Rivals
Compare Stephen I. Chazen with competitor CEOs and industry peers.
Darren W. Woods
CEO of Exxon Mobil
2024 Compensation
Stock
$10.69M
Salary
$1.97M
Bonus
$4.55M
Other
$396.89K
Total Holdings
$421.98M
Kaes Van't Hof
CEO of Diamondback Energy
2023 Compensation
Stock
$450.00K
Salary
$950.00K
Bonus
$300.00K
Other
$50.00K
Total Holdings
$15.80M
Ezra Y. Yacob
CEO of EOG Resources
2023 Compensation
Stock
$0.00
Salary
$1.17M
Bonus
$2.52M
Other
$373.14K
Total Holdings
$22.95M
Michael K. Wirth
CEO of Chevron
2024 Compensation
Stock
$17.19M
Salary
$1.89M
Bonus
$3.62M
Other
$0.00
Total Holdings
$2.78M