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Chevron Corporation

CVX · FY2026

ALIGNED

CEO Package

$25.0M

Pay Ratio

Michael K. Wirth

Pay reset -6.9% while TSR improved +17.7 pts

VALERO ENERGY CORP/TX

VLO · FY2025

MISALIGNED

CEO Package

$34.2M

Pay Ratio

R. Lane Riggs

CEO's pay package jumped 52.7% to $34.2M while stock rose only 32.8%, widening the pay-performance gap to nearly 20 percentage points.

EXXON MOBIL CORP

XOM · FY2024

MIXED

CEO Package

$44.5M

Pay Ratio

Darren W. Woods

Pay and TSR both rose, but not in lockstep

CEO Total Compensation — All Companies

CVX$25.0MVLO$34.2MXOM$44.5M

All values are grant-date fair value as reported in proxy statements.

Key Differences

The fastest way to read this comparison before dropping into the tables.

XOM carries the largest package at $44.5M, about 1.8x CVX.
VLO reads misaligned, while CVX looks aligned.

Pay Component Breakdown

Latest CEO package mix by company. This stays on the CEO package even if the chart above is showing Top 5 pay.

CVX

Michael K. Wirth

$25.0M

base salary8%
stock awards92%

VLO

R. Lane Riggs

$34.2M

base salary5%
stock awards46%
non-equity incentive compensation16%
other compensation1%

XOM

Darren W. Woods

$44.5M

base salary4%
stock awards60%
option awards1%
other compensation1%

Quick Comparison

CompanyCEOLatest YearTotal Comp
Chevron Corporation(CVX)Michael K. Wirth2026$25.0M
VALERO ENERGY CORP/TX(VLO)R. Lane Riggs2025$34.2M
EXXON MOBIL CORP(XOM)Darren W. Woods2024$44.5M

Note: All compensation values shown are grant-date fair value as reported in proxy statements. Direct comparisons should account for differences in company size, industry, and compensation structure.

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