Despite the high volatility in the oil market, energy company employees still topped this year’s list of the highest paid Houston executives.
The data, which was compiled by corporate consultants Longnecker & Associates, has Phillips 66 chairman and CEO Greg Garland topping the list with $25 million in total earnings in 2016. That number reflects a 9.3 percent increase in pay from the year before, despite average pay for Houston’s top executives dropping by 9 percent.
Phillips 66, ConocoPhillips and Halliburton each had six employees make the list of the top 500 highest paid executives in Houston.
How do you compare?
| Jeffrey A. Miller, Halliburton Company | President | $8,900,000.00 |
| Clark C. Smith, Buckeye Partners, L.P | Chairman | $9,100,000.00 |
| A.J. Hirshberg, ConocoPhillips | EVP Production | $9,400,000.00 |
| Lee K. Boothby, Newfield Exploration Company | President | $9,800,000.00 |
| David Stover, Noble Energy, Inc. | President | $10,100,000.00 |
| Thomas L. Ryan, Service Corporation International | CEO | $10,400,000.00 |
| William Thomas, EOG Resources, Inc. | CEO | $10,400,000.00 |
| Thomas L. Carter, Black Stone Minerals, L.P. | President | $10,500,000.00 |
| Robert Drummond, Key Energy Services, Inc. | CEO | $11,200,000.00 |
| Clay Williams, National Oilwell Varco, Inc. | President | $11,300,000.00 |
| Jake A. Fusco, Legend Gold Corp. | CEO | $11,300,000.00 |
| Dan O. Dinges, Cabot Corporation | President | $11,300,000.00 |
| Vicki Hollub, Occidental Petroleum Corporation | President | $12,000,000.00 |
| Phillip K. Asherman, Chicago Bridge & Iron Company N.V | President | $13,000,000.00 |
| Martin S. Craighead, Baker Hughes Incorporated | PEO | $13,400,000.00 |
| John J. Christman, Apache Corporation | President | $13,500,000.00 |
| William J. Delaney, Sysco Corporation | CEO | $14,000,000.00 |
| Peter R. Huntsman, Huntsman Corporation | President | $14,100,000.00 |
| R.A. Walker, Anadarko Petroleum Corporation | President | $16,500,000.00 |
| David P. Steiner, Waste Management, Inc. | CEO | $17,200,000.00 |
| David J. Lesar, Halliburton Company | CEO | $17,800,000.00 |
| Paal Kibsgaard, Schlumberger Limited | CEO | $18,500,000.00 |
| R.M. Lance, ConocoPhillips | CEO | $19,200,000.00 |
| Floyd C. Wilson, Halcon Resources Corporation | President | $24,100,000.00 |
| Greg Garland, Phillips 66 | CEO | $25,000,000.00 |
Greg Garland, Phillips 66
Even at a mere $8.9M the Halliburton CEO is earning $24K per day or ~$1K per hour throughout each and every day, no doubt they are in an always on position but is often quite removed from the employees that they lead. Do they add that much value, that is yours to decide or to aspire to.
The Houston Chronicle recently posted ‘After taking companies into bankruptcy, some CEOs come out with hefty raises‘.
The Houston top earners are nowhere near the top US CEO earners, see at $98,000,000. What are your thoughts?