{"id":32879,"date":"2024-04-11T13:22:19","date_gmt":"2024-04-11T20:22:19","guid":{"rendered":"https:\/\/occupysf.net\/?p=32879"},"modified":"2024-04-11T13:22:20","modified_gmt":"2024-04-11T20:22:20","slug":"chevron-ceo-pay-jumped-to-26-5-million-during-hottest-year-on-record","status":"publish","type":"post","link":"http:\/\/occupysf.net\/index.php\/2024\/04\/11\/chevron-ceo-pay-jumped-to-26-5-million-during-hottest-year-on-record\/","title":{"rendered":"Chevron CEO Pay Jumped to $26.5 Million During Hottest Year on Record"},"content":{"rendered":"\n
\"Chevron<\/figure>\n\n\n\n

Chevron CEO Mike Wirth speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024. <\/p>\n\n\n\n

(Photo: Mark Felix\/AFP via Getty Images)<\/p>\n\n\n\n

News of Mike Wirth’s 2023 compensation came after March was deemed the 10th month in a row to be the hottest ever recorded.<\/h2>\n\n\n\n

JAKE JOHNSON<\/a><\/p>\n\n\n\n

Apr 10, 2024 (ColmmonDreams.org)<\/a><\/p>\n\n\n\n

The chief executive of the U.S. oil giant Chevron saw his pay jump by more than 12% in 2023 as continued emissions from fossil fuel corporations helped push global temperatures to record heights<\/a>.<\/p>\n\n\n\n

Citing a new securities filing, Reuters<\/em>reported<\/a> Wednesday that Chevron CEO Mike Wirth received $26.5 million in total compensation last year. Chevron, the second-largest oil company in the U.S. by revenue, reported $21.3 billion<\/a> in profits in 2023\u2014a haul it used to lavish shareholders<\/a> with buybacks and dividends.<\/p>\n\n\n\n

News of Wirth’s 2023 compensation came a day after the European Union’s Copernicus Climate Change Service (C3S) announced<\/a> that last month was the hottest March on record globally. The organization said March marked “the 10th month in a row that is the warmest on record for the respective month of the year.”<\/p>\n\n\n\n

Samantha Burgess, deputy director of C3S, said in a statement that “March 2024 continues the sequence of climate records toppling for both air temperature and ocean surface temperatures.”<\/p>\n\n\n\n

“Stopping further warming requires rapid reductions in greenhouse gas emissions,” Burgess stressed.<\/p>\n\n\n\n

But oil giants like Chevron, the primary drivers of the global climate emergency, have been rolling back<\/a> their already tepid climate commitments and buying up<\/a> rival oil producers\u2014a signal that the industry is bent on continuing to drill as much as possible despite increasingly dire warnings<\/a> from scientists.<\/p>\n\n\n\n

Chevron reported $21.37B in profit last year, and received $2.3B in subsidies.

Taxpayers gave them $2.3B in profit.

We could provide free lunch to every student in the US for what we give away as subsidies to Big Oil each year.

So who\u2019s the \u201cwelfare queen\u201d scamming the system? pic.twitter.com\/oRt2MOHxL1<\/a><\/p>— Melanie D'Arrigo (@DarrigoMelanie) April 10, 2024<\/a><\/blockquote>