BUSINESS
06/25/2008 05:12 am ET | Updated May 25, 2011

Oil CEOs: High Prices, Fat Paychecks

As consumers around the world struggle to fill their gas tanks, captains of the oil industry are getting a raise.

Starting with info provided by Capital IQ (which, like BusinessWeek, is a unit of The McGraw-Hill Companies (MHP)), BusinessWeek asked executive compensation research firm Equilar to analyze compensation of the chief executives of the 25 largest publicly traded global oil and gas companies (see the accompanying slide show for the full list of CEOs and what they were paid). Equilar's study found that for the 12 CEOs at the largest U.S.-based, publicly traded oil companies, median total compensation increased by more than four times the rate of that of executives in the Standard & Poor's 500-stock index as a whole.

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