How III was paid
$11.4M 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 | Other | Total |
|---|---|---|---|---|---|
| William M. Hickey IIICo-Chief Executive Officer | — | $11,432,842 | — | — | $11,432,842 |
| James H. WalterCo-Chief Executive Officer | — | $11,432,842 | — | — | $11,432,842 |
| Guy M. OliphintExecutive Vice President and Chief Financial Officer | $475,000 | $4,063,557 | $712,500 | $14,509 | $5,265,566 |
| John C. BellExecutive Vice President, General Counsel and Secretary | $400,000 | $4,063,557 | $480,000 | $15,275 | $4,958,832 |
| Robert R. ShannonExecutive Vice President and Chief Accounting Officer | $395,833 | $4,063,557 | $480,000 | $23,500 | $4,962,890 |
What changed and why
- Co-CEOs receive compensation solely in performance-based equity awards with no base salary or cash bonus.
- Total average production reached 392.6 MBoe/d in 2025, representing significant operational growth.
- $1.6BAdjusted Free Cash Flow increased by approximately 20% to $1.6 billion compared to the prior year.
- 10%Drilling and completion costs per foot were reduced by 10% year-over-year.
- $575MOver $575 million was returned to investors through opportunistic buybacks and base 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.