About half of oil company executives are now finding their compensation shackled to shareholder returns rather than just product output, up from 10 percent a year earlier.
Occidental Petroleum Corp., Hess Corp., EOG Resources Inc. and Anadarko Petroleum Corp. are among 19 explorers tying executive pay to investor returns starting in 2018, according to a survey of 39 companies by Goldman Sachs Group Inc. The changes mainly target short-term incentives -- salaries and annual bonuses -- and the metrics used can run from per share production to management of employed capital and underlying costs.
