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U.S. Oil Will Grow Only 3% This Year. One Reason: Executive Compensation.

Por: MarketWatch Business March 04, 2023

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And boards are building slow-growth policies into pay packages. Oil executives get a salary, but much of their comp—often more than half—comes as incentives for hitting milestones. In 2019, production goals made up some 15% of incentives, says McDermott. By 2022, production was just 6%. Meanwhile, the percentage for hitting free cash flow goals rose to 18% in 2022 from about 7% in 2019. Consider shale-oil producer . In 2019, its board set a... + full article



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