How Lance was paid
$23.5M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| R.M. LanceChairman and Chief Executive Officer | $1,800,000 | $16,543,434 | $4,590,000 | — | $516,651 | $23,450,085 |
| A.M. O’BrienChief Financial Officer and Executive Vice President, Strategy and Commercial | $857,042 | $3,877,604 | $1,194,502 | $300,371 | $119,359 | $6,348,878 |
| W.L. Bullock, Jr.Executive Vice President and Chief Financial Officer | $762,980 | $4,878,454 | $1,316,141 | $738,661 | $145,773 | $7,842,009 |
| N.G. OldsExecutive Vice President, Lower 48 and Global HSE | $996,312 | $4,234,895 | $1,494,468 | $1,000,304 | $293,376 | $8,019,355 |
| K.B. RoseSenior Vice President, Legal, General Counsel and Corporate Secretary | $951,984 | $3,797,985 | $1,356,577 | $236,698 | $149,594 | $6,492,838 |
| K.L. JohnsonExecutive Vice President, Global Operations and Technical Functions | $857,042 | $3,877,604 | $1,194,502 | $239,809 | $99,111 | $6,268,068 |
What changed and why
- $23.5MCEO total compensation reached $23,450,085 in 2025 compared to $23,116,284 in 2024.
- 150%The 2025 short-term incentive payout was approved at 150% of target based on strong operational and financial results.
- 91%The 2023 long-term incentive program yielded a weighted payout of 91% of target.
- 96%Stockholders supported the 2025 say-on-pay vote with more than 96% of shares voted in favor.
- $9.0BConocoPhillips distributed $9.0 billion to stockholders through share repurchases and ordinary dividends.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.