Outgoing executive vice president of of upstream George Kirkland is also getting a pay raise ahead of his planned retirement in June, announced earlier on Tuesday.
Watson, who has helmed the California-based oil company since 2010, will see his annual pay increase by $27,500 for a base salary of around $1.86 million, Chevron said in a regulatory filing.
Kirkland took in the second biggest pay rise of the executive group with an extra $25,000 that will bring his annual salary to $1.55
