Apache Corp. and Anadarko Petroleum Corp., two exploration businesses that may find themselves as targets in an industry consolidation, are run by chief executives with smaller golden parachutes than similar-sized oil and gas companies.
The dollar incentive for takeovers for Apache CEO John Christmann was $8.4 million as of the company’s fiscal year-end when he was chief operating officer, and Anadarko CEO Al Walker’s was $31.2 million as of the end of 2014, regulatory filings show. By comparison, Charif Souki, the CEO of natural gas exporter Cheniere Energy Inc., has a payout of $147.8 million, the highest of 83 U.S. oil and gas companies with a market value less than $45 billion as of their fiscal year-end.
Brazil Energy Insight 
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