Not only does oil and gas provide the life-giving fuel that powers our modern lifestyle, it also has a legacy of often leaving wealth and abundance in its wake. Following the devastating real estate collapse of 2007-2009, it was oil and gas that virtually single-handedly filled Texas and North Dakota’s state surplus budgets to over $2 Billion each within 4 years.
The top-paid CEO in America comes from the natural gas sector. No shock, many of the highly compensated executives the last two years work in the fossil fuel sector; oil and gas in particular. Of curious note however, no CEO from the coal industry appeared on this list, which extends through Robert Walker of Anadarko Petroleum at $15,765,017, although Consol Energy Inc’s J. Brett Harvey was not far behind at $15.1 million. Also conspicuously absent is any representation from the renewable energy sector.
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The list is accumulated from multiple sources, including Equilar’s Top 200, Forbes 10 Highest Paid Bosses, and the AFL-CIO’s 100 Highest Paid CEOs, and represents each list’s best compensation estimates from 2013 and 2014.
1. Charf Souki
Cheniere Energy, Inc
$800,000 base salary converted to $1 effective December 15, 2014
2. Tom Ward
Sandridge Energy, Inc.
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3. Anthony G. Petrello
Nabors Industries LTD
4. Richard Kinder
$60.9 million Income
Estimated dividend earnings: $380 million
Former President of Enron
5. Clarence P. Cazalot, Jr.
$43.7 million Income
6. Rex W. Tillerson
Exxon Mobil Corp
7. J.S. Watson
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8. Paal Kibsgaard
9. Robert D. Lawler
Chesapeake Energy Corp
$4,423,331 Salary & Bonus
10. David Lesar
$13,553,008 Salary & Bonus
11. Ryan Lance
Conoco Phillips Co.
$7,270,457 Salary & Bonus
12. Robert Walker
Anadarko Petroleum Corp
$4,821,930 Salary & Bonus
By. Thomas Miller of Oilprice.com
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