<-bsp-bb-link state="{"bbHref":"bbg://securities/CVX%20US%20Equity/bico","_id":"00000186-00b7-d8f6-a9f7-5abfa3eb0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Chevron Corp.-bsp-bb-link> Chief Executive Officer <-bsp-person state="{"_id":"00000186-00b7-d8f6-a9f7-5abfa3eb0001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Mike Wirth-bsp-person> will receive an 8.8% increase in salary after the oil major posted record profit for 2022.
Wirth’s base salary will rise to $1.85 million this year, the San Ramon, California-based company said in a regulatory <-bsp-bb-link state="{"bbHref":"bbg://screens/DOCV%20CF%200000093410-23-000005","_id":"00000186-00b7-d8f6-a9f7-5abfa3ed0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">filing-bsp-bb-link>. Chief Financial Officer <-bsp-person state="{"_id":"00000186-00b7-d8f6-a9f7-5abfa3ed0001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Pierre Breber-bsp-person> will receive a 7% increase to 1.15 million.
There will be no change to the two executives’ bonus targets, according to the filing.
To contact the reporter on this story:
<-bsp-person state="{"_id":"00000186-00b7-d8f6-a9f7-5abfa3ef0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Kevin Crowley-bsp-person> in Houston at kcrowley1@bloomberg.net
To contact the editors responsible for this story:
<-bsp-person state="{"_id":"00000186-00b7-d8f6-a9f7-5abfa3f10000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Simon Casey-bsp-person> at scasey4@bloomberg.net
Kevin Orland
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