Chevron approves 2026 pay: Wirth salary to $1.975 million, larger equity grants

At its annual executive compensation review on 28 January 2026, Chevron's independent directors approved pay changes for four named executives effective 1 March 2026. CEO Mike Wirth's base salary rises by $75,000 to $1,975,000, and his 2026 equity award is valued at $23 million. The awards are split 50% performance shares and 50% restricted stock units.

• Wirth: base salary $1,975,000 (up $75,000); 2026 equity award $23.0 million
• Bonner: base salary $1,100,000 (up $50,000); equity award $5.09 million
• Nelson: base salary $1,350,000 (up $25,000); equity award $8.53 million
• Pate: base salary $1,250,000 (up $50,000); equity award $7.64 million
• Equity grant date: 1 February 2026