How did oil CEO pay compare to other CEOs in 2013?

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Oil CEO Compensation Outpaced Other Industries in 2013

In 2013, chief executives in the oil and gas sector received significantly higher compensation increases and average earnings compared to their counterparts across all Russell 3000 companies. This trend occurred amidst a period of robust growth in the US shale oil sector and higher oil prices, before the significant price decline in the latter half of 2014.
Median Compensation Increase for Oil CEOs Was Higher

The median increase in total compensation packages for oil and gas company CEOs reached 11 per cent in 2013. This figure notably surpassed the median increase of 7 per cent observed for CEOs across all companies included in the Russell 3000 index during the same year.
Energy Sector CEOs Earned More on Average

In terms of absolute figures, energy company CEOs commanded a higher average income in 2013. Their average earnings stood at US$7.3 million, whereas the average compensation for CEOs within the broader Russell 3000 group was US$5.3 million.
Generous Packages Likely to Persist for 2014 Performance

Compensation consultants and some investors anticipate that the generous executive packages awarded for 2014 performance will largely remain in place. This is attributed to the fact that the substantial drop in oil prices did not significantly impact company profits until late in the second half of 2014, and some company shares concluded the year close to their starting values.

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How did oil CEO pay compare to other CEOs in 2013?

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