Alvarez & Marsal’s (A&M’s) Compensation and Benefits Practice is pleased to share the results of its 2020 Oil and Gas Oilfield Services (OFS) Compensation Report.
Effective compensation programs are critical to attract, retain, and drive performance of executives. Companies should ensure that their executive compensation programs are aligned with market throughout each potential phase of a company’s lifecycle, including: initial public offering (IPO), transaction/merger, steady state, and bankruptcy.
To understand compensation practices in the energy sector, specifically for oilfield service (OFS) companies, the Compensation and Benefits Practice of Alvarez & Marsal (A&M) examined compensation amounts disclosed by the largest OFS companies in the U.S. in 2019.
This report reviews the value of CEO, CFO, and Board of Director compensation packages, annual and long-term incentive pay practices, CEO pay ratios, and the prevalence and value of change in control benefits to which these executives are entitled. We also address compensation arrangements at distressed OFS companies, as well as initial public offerings in the OFS sector…
Click here to download the report.