Oil & Gas

Norwegian oil boss took small pay cut in 2019

Equinor's CEO, Eldar Sætre, was paid USD 1.74 million for his work last year, a slight decrease compared to the year before, reveals the company's new annual report, published at a time when the oil industry is crumbling around the Norwegian major.
It pays to be in charge of the largest oil company in the Nordics. But Eldar Sætre currently has major challenges to tend to with the ongoing corona and oil crises. | Photo: Jørgen Bratland / PR / Equinor
It pays to be in charge of the largest oil company in the Nordics. But Eldar Sætre currently has major challenges to tend to with the ongoing corona and oil crises. | Photo: Jørgen Bratland / PR / Equinor
by MATHIAS JULIUS FALKENGAARD

In comparison with what chief executives for some of the world's biggest oil companies around the world are paid, Eldar Sætre's 2019 pay is fairly modest. But for most others, an annual pay of USD 1.74 million probably sounds very attractive.

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