HOUSTON – Chevron Corp CEO Michael Wirth was paid $23.6 million in 2022, a 4-percent increase from the prior year while the median annual compensation for the oil giant's employees fell 12 percent, a securities filing showed on Wednesday. In addition to sky-high energy prices, cost-cutting measures including payroll reductions helped Chevron's profit more than double in 2022 to a record $36.5 billion. The median annual compensation for Chevron employees last year dropped to $161,488. Under a new metric required by the U.

https://business.inquirer.net/395680/chevron-ceo-pay-rose-4-to-23-6m-in-2022-employee-compensation-fell

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