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  • Advisory Services
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      • Executive Compensation
      • Director Compensation
      • Employee Compensation
      • Compensation Communication
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Energy Compensation Consulting

Learn more about Pearl Meyer's expertise working with boards and management in the energy sector.

Oil Services Firms Face A Long-Term Challenge Ahead

"Our past experience has shown that the oil & gas industry is resilient and the same will be true this time, even if the recovery takes longer and even if the industry as we know it looks very different on the other side." 

-Ed McGaughey, Senior Advisor, Houston

See Our Recommendations
downtown houston at dusk
Pearl Meyer In the News: The Houston Chronicle, July 11. 2022

CenterPoint's Lesar Tops List of Houston's Best-Paid Corporate Executives in Male-Dominated Lineup

“Executive succession and retention seem to be an important issue. With all of the oil and gas cycles in the past few years, the lack of executive talent is an issue,” said Wes Hart, a managing director in the Houston office of Pearl Meyer, an executive compensation consultancy.

black-oil-barrells-arranged-as-a-declining-chart
Blog Post by Malcolm Adkins

Ground Rules When Facing Imminent Restructuring

When a company is undergoing restructuring, it’s vital to know how to appropriately structure an executive compensation program and what pitfalls to avoid.

symmetrical-photo-with-yellow-hard-hats-and-oil-tanks
Article by Mark Rosen and Sharon Podstupka - Published in Oil & Gas Investor

Rethinking Payment for Performance

In a highly cyclical market like oil & gas, balancing executive incentive plans with absolute and relative metrics may be the best approach.

Despite a highly cyclical and global market, the oil and gas industry manages over time to sustain long-term growth and significant value creation. New technologies and techniques and a strong and consistent focus on research and development combined with calculated risk taking continue to create new opportunities for companies across the oil and gas value chain.

Our Approach to Energy Sector Compensation

In-depth experience you can rely on

Pearl Meyer’s team of experienced, senior consultants, have worked with energy sector clients for more than 30 years. We partner with clients to create competitive, nimble compensation programs that work in both up and down markets. Our goal is to help organizations attract new talent and retain and reward existing talent, while at the same time motivating behaviors that help achieve their long-term goals.

Balancing near-term challenges with long-term goals

Our approach to compensation is rooted in helping our clients balance the frequent near-term challenges that come with market volatility with their need to remain focused on their long-term business strategy. We are committed to understanding what makes each organization unique, assessing where you are in your business life cycle, how your operational model and financial structures impact value creation and using that knowledge to create tailored and effective compensation solutions.

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Our Clients

Pearl Meyer creates reward strategies from the C-Suite to the broad-based employee population for companies across the oil and gas value chain. Our clients range from small, privately held organizations to Fortune 100 firms and global energy players from Italy to Malaysia across all segments of the oil and gas industry: upstream, midstream, and downstream.


 

Compensation Services and Capabilities

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Strategic Alignment

  • Development of compensation philosophies that support complex, capital-intensive, and long-range objectives
  • Holistic short- and long-term incentive design
  • Integration of incentive plans across business units
  • Expatriate programs for global leadership placement
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Sophisticated Analytics

  • Assessment of historic, current, and planned goals
  • Performance metric selection and calibration
  • Modeling of potential plan outcomes against historical performance and peers
  • Balancing potential plan payouts against financial and earnings expectations
  • Analysis of share plan balances, share price erosion, and grant practices
  • Peer group definition and competitive assessment
  • Compensation surveys
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Compliance Confidence

  • Assessment and management of compensation-related risks
  • Understanding institutional shareholder and proxy advisor perspectives
  • Shareholder communications
  • CD&A and disclosure communication
  • Governance best practices
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Tailored Solutions

Our focus on strategic alignment, developing the industry’s most comprehensive and sophisticated analytics while ensuring regulatory compliance, and the effective communication of compensation programs results in a tailored solution designed to provide your organization with a competitive advantage in a fluid and dynamic marketplace.

Download our Fact Sheet

Energy Industry Compensation Surveys

Pearl Meyer conducts on-going and topical surveys on compensation-related matters specific to the market:

Offshore Drilling Membership Group Surveys

  • Drilling Management Survey
  • Rig Crew Benchmark Survey (Global; semi-annually)
  • Expatriate Practices Survey
  • Trending Topics Surveys

US Land Drilling Survey

US Energy Services Survey

  • Module 1: Executive, Line, and Staff Management
  • Module 2: Marketing, Business Development, and Sales
  • Module 3: Engineers and Scientists (primarily located in facilities, not in the field)
  • Module 4: U.S. Manufacturing
  • Module 5: Field (Includes Field Engineers, Operations Supervision, Field Specialists, Operations Support, and Field Technical Support)

Contact survey@pearlmeyer.com for additional information on Pearl Meyer’s complete energy industry survey portfolio.

Related Knowledge Share Items

Article
Malcolm Adkins
Ed McGaughey
May 2020

Coronavirus and Compensation: Highly Impacted Industries can Follow the Oil & Gas Playbook

As companies across industries review executive pay programs, they can learn from the experiences of the oil and gas sector.

Read More
Article
Margaret Black
April 2020

Executive Compensation in Bankruptcy: Motivating Key Employees through Corporate Financial Distress

During bankruptcy, retention of key employees is important. Here’s a rundown of common compensation tools and an overview of their regulation.

Read More
Advisor Blog
July 2020

Office Re-Openings in a COVID-19 World: How is Texas Doing it?

Survey data from oilfield companies sheds light on how others might plan returning to the office when there is a regional spike in coronavirus cases.

Read More
Advisor Blog
Wes Hart
April 2020

What’s Happening This Spring with Executive Compensation in the Oil & Gas Industry

The economic shocks over recent weeks has accelerated the rate and severity of executive compensation program change.

Read More

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