July 1999
Industry At A Glance
99-07_international_T1.html (Jul-1999)
A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.
U.S. majors executive Top-5 compensation, employment levels | |||||||||||
Base pay, | Total cash comp., | 1999 | |||||||||
($ millions) |
($ millions) |
Number of
employees |
layoffs slated |
||||||||
Company | 1998 | 1997 | 1998 | 1997 | % diff. | 1998 | 1997 | % diff. | |||
BP Amoco | 5.38 | n.a. | 8.87 | 7.06 | 25.6 | 96,650 | 100,800 | 4.1 | 2,000 | ||
Exxon | 5.25 | 4.77 | 8.59 | 8.12 | 5.8 | 79,000 | 80,000 | 1.3 | 4,500* | ||
Arco | 4.03 | 3.84 | 7.09 | 8.65 | 18.0 | 18,400 | 18,700 | 1.6 | 1,200 | ||
Mobil | 2.98 | 3.51 | 6.49 | 6.60 | 1.7 | 41,500 | 42,700 | 2.8 | 4,500* | ||
Chevron | 3.48 | 3.23 | 6.34 | 6.89 | 8.0 | 39,191 | 39,362 | 0.4 | ** | ||
Conoco | 2.32 | 1.94 | 4.77 | 5.53 | 13.7 | 16,650 | 16,000 | 4.1 | 975 | ||
Texaco | 3.04 | 2.20 | 4.69 | 4.51 | 4.0 | 24,628 | 29,313 | 16.0 | 1,000 | ||
Amerada Hess | 3.74 | 3.69 | 4.51 | 4.93 | 8.5 | 9,777 | 9,216 | 6.1 | 400 | ||
Phillips Petroleum | 2.92 | 2.68 | 4.45 | 5.65 | 21.2 | 17,300 | 17,100 | 1.2 | 1,400 | ||
Occidental Petr. | 3.94 | 4.10 | 4.27 | 9.07 | 52.9 | 9,190 | 12,380 | 25.8 | 500 | ||
Unocal | 2.42 | 1.98 | 3.04 | 2.45 | 24.1 | 7,880 | 8,394 | 6.1 | ** | ||
Kerr-McGee | 1.78 | 1.65 | 2.24 | 2.60 | 13.8 | 3,367 | 3,746 | 10.1 | ** | ||
Totals | 41.28 | 33.59 | 65.35 | 72.06 | 9.3 | 363,533 | 377,711 | 3.8 | 16,475** | ||
*The 4,500 figure represents half of the 9,000 layoffs that the Exxon Mobil combination anticipates. | |||||||||||
**Layoff total expected for 1999 does not include unspecified numbers at Chevron, Unocal and Kerr-McGee. | |||||||||||
FROM THE ARCHIVE
Copyright © 1999 World Oil
Copyright © 1999 Gulf Publishing Company
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