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Chevron Executive Compensation (FY25)

CVX · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 29, 2026
422 figures on this page: 414 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Total compensation for Michael Wirth, Chairman and Chief Executive Officer, came to $26,828,240 in fiscal 2025, and Wirth's total moved 18.0% lower from the $32,716,940 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 175:1, against median employee compensation of $152,970. For fiscal 2025, shareholders backed the say-on-pay proposal with 97.0% of votes cast for or against in favor at the meeting held May 27, 2026. The disclosed peer group names AT&T, Boeing, Caterpillar, Cisco and Honeywell, among others.
Chief executive, fiscal 2025
◇
Michael Wirth
Latest say-on-pay support
=
May 27, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Michael Wirth: $32,716,940 → $26,828,240 (18.0% lower)
Say-on-pay support: 94.0% → 97.0% (3.0 points higher)
CEO pay ratio: 200:1 → 175:1 (12.5% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Chevron's chief executive and what were they paid?
Total compensation for Michael Wirth, Chairman and Chief Executive Officer, came to $26,828,240 in fiscal 2025. Wirth's total moved 18.0% lower from the $32,716,940 reported for fiscal 2024.
What was Chevron's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 97.0% of votes cast for or against in favor at the meeting held May 27, 2026.
Which companies are in Chevron's peer group?
The disclosed peer group names AT&T, Boeing, Caterpillar, Cisco and Honeywell, among others. The Oil Industry Peer Group names BP, ConocoPhillips, ExxonMobil, Marathon Petroleum and Occidental, among others.
What is Chevron's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 175:1, against median employee compensation of $152,970.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Wirth
Chairman and Chief Executive Officer
◇—◇◇◇—◇◇
R. Hewitt Pate
Vice President and General Counsel
◇—◇◇◇◇◇◇
Mark Nelson
Vice Chairman
◇—◇◇◇—◇◇
Pierre Breber
Former Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Wirth
Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Mark Nelson
Vice Chairman
◇—◇◇◇◇◇◇
Nigel Hearne
Executive Vice President, Oil, Products & Gas
◇—◇◇◇◇◇◇
Pierre Breber
Former Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
R. Hewitt Pate
Chief Legal Officer
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael K. Wirth
Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Mark Nelson
Vice Chairman
◇—◇◇◇◇◇◇
Nigel Hearne
Executive Vice President, Oil, Products & Gas
◇—◇◇◇◇◇◇
R. Hewitt Pate
Chief Legal Officer
◇—◇◇◇◇◇◇
Eimear P. Bonner
Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Pierre Breber
Former Vice President and Chief Financial Officer
Departed during or after this year
◇————◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Wirth
Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Mark Nelson
Vice Chairman
◇—◇◇◇◇◇◇
R. Clay Neff
President, Upstream
◇—◇◇◇◇◇◇
R. Hewitt Pate
Chief Legal Officer
◇—◇◇◇◇◇◇
Eimear Bonner
Chief Financial Officer
◇—◇◇◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Eimear BonnerPSU◇—◇—◇—◇
Eimear BonnerRSU◇——◇——◇
Eimear BonnerOPTION◇——◇—◇◇
Mark NelsonRSU◇——◇——◇
Mark NelsonPSU◇—◇—◇—◇
Mark NelsonOPTION◇——◇—◇◇
Michael WirthRSU◇——◇——◇
Michael WirthPSU◇—◇—◇—◇
Michael WirthOPTION◇——◇—◇◇
R. Clay NeffRSU◇——◇——◇
R. Clay NeffPSU◇—◇—◇—◇
R. Clay NeffOPTION◇——◇—◇◇
R. Hewitt PateOPTION◇——◇—◇◇
R. Hewitt PatePSU◇—◇—◇—◇
R. Hewitt PateRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
R. Hewitt PateOption◇—◇1/25/2033
Option◇—◇1/30/2029
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇2/4/2035
Option◇—◇2/6/2034
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇1/29/2030
Option◇—◇1/27/2031
Option◇—◇1/25/2027
Option◇—◇1/26/2032
Option◇—◇1/31/2028
RSU◇◇——
R. Clay NeffRSU◇◇——
RSU◇◇——
Option◇—◇1/26/2032
Option◇—◇2/6/2034
Option◇—◇2/4/2035
RSU◇◇——
Option◇—◇1/29/2030
RSU◇◇——
Option◇—◇1/25/2033
PSU◇◇——
Option◇—◇1/27/2031
PSU◇◇——
RSU◇◇——
Michael WirthRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇1/31/2028
Option◇—◇1/30/2029
Option◇—◇1/27/2026
Option◇—◇1/27/2031
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇1/29/2030
Option◇—◇2/6/2034
Option◇—◇1/25/2033
Option◇—◇1/26/2032
Option◇—◇1/25/2027
Option◇—◇2/4/2035
Mark NelsonRSU◇◇——
Option◇—◇1/31/2028
RSU◇◇——
Option◇—◇1/30/2029
Option◇—◇2/6/2034
RSU◇◇——
PSU◇◇——
Option◇—◇1/26/2032
RSU◇◇——
PSU◇◇——
Option◇—◇2/4/2035
Option◇—◇1/25/2027
Option◇—◇1/29/2030
Option◇—◇1/25/2033
Option◇—◇1/27/2031
RSU◇◇——
Eimear BonnerPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇1/27/2031
PSU◇◇——
Option◇—◇1/25/2033
Option◇—◇2/6/2034
RSU◇◇——
RSU◇◇——
Option◇—◇2/4/2035
Option◇—◇1/29/2030
Option◇—◇1/26/2032
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Wanda M. Austin
Lead independent director
◇◇———◇◇
Charles W. Moorman
◇◇———◇◇
Debra Reed-Klages
◇◇————◇
Enrique Hernandez Jr
◇◇———◇◇
Cynthia J. Warner
◇◇———◇◇
John B. Frank
◇◇———◇◇
Marillyn A. Hewson
◇◇———◇◇
D. James Umpleby III
◇◇————◇
Jon M. Huntsman Jr
◇◇————◇
Dambisa F. Moyo
◇◇————◇
Alice P. Gast
◇◇————◇
John B. Hess
◇◇————◇
Michael K. Wirth and Thomas W. Horton served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 7x annual cash retainer or 15,000 shares

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • AT&T T
  • Boeing BA
  • Caterpillar CAT
  • Cisco CSCO
  • Honeywell HON
  • IBM IBM
  • Intel INTC
  • Johnson & Johnson JNJ
  • Lockheed Martin LMT
  • Merck MRK
  • PepsiCo PEP
  • Pfizer PFE
  • Procter & Gamble PG
  • Verizon VZ
Oil Industry Peer Group
  • BP BP
  • ConocoPhillips COP
  • ExxonMobil XOM
  • Marathon Petroleum MPC
  • Occidental OXY
  • Phillips66 PSX
  • Shell SHEL
  • Valero VLO
LTIP Performance Share Peer Group
  • TotalEnergies TTE

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 27, 2026=◇◇◇
2024May 28, 2025=◇◇◇
2023May 29, 2024=◇◇◇
2022May 31, 2023=◇◇◇
2021May 25, 2022=◇◇◇
2020May 26, 2021=◇◇◇
2019May 27, 2020=◇◇◇
2018May 29, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Chevron disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Chevron sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
422 figures on this page: 414 cited to the filing that reported them, 8 calculated from figures it prints.
414 cited to the filing
8 calculated from the filing

Documents cited

  1. 0000093410-26-000125
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-145617
    CEO Pay Ratio
  3. 0000093410-25-000024
  4. 0001193125-25-076803
  5. 0000093410-24-000028
  6. 0001193125-24-091327
    Summary Compensation Table
  7. 0000093410-23-000070
  8. 0001193125-23-099292
    Summary Compensation Table
  9. 0000093410-22-000035
  10. 0000093410-21-000020
  11. 0000093410-20-000028
  12. 0000093410-19-000020
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Chevron executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CVX (accessed 2026).
Short form: data: Velarion
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Peers Chevron discloses

The companies named in CVX's own disclosed peer group.

BoeingCaterpillarCiscoHoneywellIBMIntelJohnson & JohnsonMerckPfizerProcter & Gamble

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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