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Kimmeridge Criticizes High Executive Pay by US Oil Producers

2021-07-21 11:15:00| OGI

Short-term incentive payout as a percentage of target exceeded 100% for 7 of the 27 U.S. oil and gas companies reviewed by Kimmeridge, with CNX Resources, Range Resources, EQT and APA, formerly Apache, at the top of the list.

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Callon Petroleum Ties Executive Pay to Emissions Reduction Targets

2021-03-30 20:05:00| OGI

Callon Petroleum, which operates in the Permian Basin and Eagle Ford Shale, is committed to sustainable and responsible development of our resources by mitigating the risks of climate change, says President and CEO Joe Gatto.

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TechnipFMC Cuts Executive Pay, Dividend as Pandemic Fallout Bites

2020-04-23 15:13:03| OGI

Oil services company TechnipFMC said on April 22 it would slash the salaries of executives and retainers paid to company directors by 30%, after cutting its dividend by 75% in search of savings to cushion the impact of the novel coronavirus outbreak.

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FTS International Furloughs Workers, Cuts Executive Pay

2020-03-24 14:17:13| OGI

FTS International Inc. said March 23 that it is taking several actions in response to unprecedented conditions in the oil market.

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US Shale Producers Cut Executive Pay As Oil Prices Crash

2020-03-19 10:10:00| OGI

U.S. shale producer Parsley Energy said March 18 it would slash executive pay 50%, the deepest such cut announced so far since the oil price collapse.

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