U.S. shale oil producer Continental Resources Inc. (NYSE: CLR) said April 5 it boosted founder and CEO Harold Hamm's compensation by 38% in 2017.
Hamm, who is the company's largest shareholder, received $12.3 million in compensation last year, the company said in a regulatory filing.
Hamm received a 46% salary increase to $1.2 million. His bonus and stock award also grew during the year, to $3.4 million and $7.6 million, respectively.
The value of perks Hamm received during the year, including personal use of the company aircraft and company vehicle, fell to $60,077.
An executive's total compensation often includes a base salary, stock grants, bonus and other items.
Shares of Continental initially fell in 2017 but recovered to end the year up about 4%.
Recommended Reading
E&P Highlights: Nov. 11, 2024
2024-11-11 - Here’s a roundup of the latest E&P headlines, including Equinor’s acquisition of a stake in a major project and a collaboration between oilfield service companies.
Nigeria Halts Shell Asset Sale, Approves Exxon-Seplat Deal
2024-10-21 - Nigeria blocked Shell's sale of its entire onshore and shallow-water oil operations.
E&P Highlights: Nov. 25, 2024
2024-11-25 - Here’s a roundup of the latest E&P headlines, including North Sea production updates as well as major offshore contracts and a transfer of interests by Exxon in Suriname.
Suriname's Staatsolie Says Exxon has Withdrawn from Offshore Block
2024-11-20 - Suriname's state-run oil company Staatsolie said on Nov. 20 that U.S. oil giant Exxon Mobil has withdrawn from its offshore block 52, and block operator Petronas Suriname E&P will take over its 50% stake.
E&P Highlights: Dec. 9, 2024
2024-12-09 - Here’s a roundup of the latest E&P headlines, including a major gas discovery in Colombia and the creation of a new independent E&P.