March 25 Total compensation for R.A. "Al"
Walker, who took over as chief executive of Anadarko Petroleum
Corp in May 2012, doubled last year as he took the top
job at the U.S. oil and gas company, according to a regulatory
Walker's total pay in 2012, which included salary, the value
of stock awards and perks including monthly club membership
dues, rose to $19.7 million, up from $9.8 million in 2011,
according to a filing with the U.S. Securities and Exchange
Commission on Monday.
Walker, 56, succeeded Executive Chairman James Hackett, 59,
who will retire from the company in June. Walker, who was chief
operating officer, will become the company's chairman at
Anadarko's annual meeting on May 14.
Hackett received $17.7 million in total compensation last
year, down from $23 million a year earlier, according to the
Shares of Houston-based Anadarko were about flat last year.
The company has met with much exploration success in the Gulf of
Mexico and offshore Africa. But some investors are wary ahead of
a judge's ruling in a $25 billion case brought against Anadarko
by paint materials company Tronox Inc, a decision that
could come at any time.
Tronox has claimed that when it was spun off in 2005 by
Kerr-McGee Corp, which Anadarko later bought, it had been
saddled with liabilities that led to its January 2009 bankruptcy
filing. Tronox emerged from Chapter 11 protection in February