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Lead a Chinese Oil Giant and Get a Fraction of Your Peers’ Pay

Lead a Chinese Oil Giant and Get a Fraction of Your Peers' Pay

The next chief of China’s Sinopec Group — the world’s top oil refiner — can expect to get a fraction of what counterparts at international energy companies earn.

Wang Yupu, who resigned in September as chairman of state-owned Sinopec Group, was given total compensation of 829,900 yuan (about $126,500) last year, according to a statement Tuesday from the company, officially known as China Petrochemical Corp. That’s dwarfed by just the salaries of BP Plc Chief Executive Officer Bob Dudley ($1.85 million) and Exxon Mobil Corp. head Darren Woods ($1 million).

State Giant, Tiny Pay
Sinopec chief paid fraction of IOC leaders

Full Article HERE

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