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Companies Civitas Resources, Inc

Civitas Resources (CIVI): executive pay, fiscal 2024

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CEO total pay$8,385,769CEO M. Christopher Doyle · source
CEO vs. named peers38th pct.Of 15 peer CEOs
CEO pay ratio48:1To the median employee · source

CEO pay, last three years

  • $9,625,418FY2022
  • $12,463,145FY2023
  • $8,385,769FY2024

CEO total pay was $8,385,769 in fiscal 2024, down from $12,463,145 in fiscal 2023.

FY2024: salary $1,431,150 · bonus $0 · stock awards $6,933,919 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Civitas Resources, Inc in fiscal 2024?
As disclosed, M. Christopher Doyle (President and Chief Executive Officer) was the highest-paid executive at Civitas Resources, Inc in fiscal 2024, with total compensation of $8,385,769.
How does Civitas Resources, Inc's chief executive pay compare to its disclosed peer group?
As disclosed, M. Christopher Doyle's total compensation ranked at the 38th percentile of Civitas Resources, Inc's disclosed peer group.
What is Civitas Resources, Inc's CEO-to-median employee pay ratio?
As disclosed, Civitas Resources, Inc's CEO-to-median employee pay ratio was 48:1.
How much does Civitas Resources, Inc spend in total on board compensation for fiscal 2024?
As disclosed, Civitas Resources, Inc reported total board compensation of $2,475,968 for fiscal 2024.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
M. Christopher Doyle$1,431,150$0$6,933,919$0$0$0$20,700$8,385,769
President and Chief Executive Officer
Thomas Hodge Walker802,07302,704,88800021,4803,528,441
Former Chief Operating Officer
Marianella Foschi796,83102,687,24800021,4803,505,559
Chief Financial Officer and Treasurer
Travis Counts791,58902,669,54400020,7003,481,833
Chief Administrative Officer and Corporate Secretary
Jeffrey Kelly665,75001,488,79900020,7002,175,249
Former Chief Transformation Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2024 totalFY2023 totalFY2022 totalΔ FY2023→2024
M. Christopher Doyle$8,385,769$12,463,145$9,625,418↓ −4,077,376
Thomas Hodge Walker3,528,4416,292,908—↓ −2,764,467
Marianella Foschi3,505,5595,016,1252,683,663↓ −1,510,566
Travis Counts3,481,8334,716,3002,886,477↓ −1,234,467
Jeffrey Kelly2,175,2493,157,698—↓ −982,449

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program is designed to attract and retain qualified executives and to align executive compensation with the Company's performance and long-term stockholder value.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jeffrey KellyRSU2024-02-19——6,281—$396,268
Travis CountsRSU2024-02-19——11,262—710,520
Marianella FoschiRSU2024-02-19——11,337—715,251
M. Christopher DoyleRSU2024-02-19——29,252—1,845,509
Marianella FoschiPSU2024-02-192,64526,452—59,5171,971,997
M. Christopher DoylePSU2024-02-196,82668,255—153,5745,088,410
Travis CountsPSU2024-02-192,62826,278—59,1261,959,025
Jeffrey KellyPSU2024-02-191,46614,655—32,9741,092,530
Thomas Hodge WalkerRSU2024-02-19——11,411—719,920
Thomas Hodge WalkerPSU2024-02-192,66326,626—59,9091,984,968

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jeffrey Kelly$396,268$1,092,530$073.4%
Travis Counts710,5201,959,025073.4%
Marianella Foschi715,2511,971,997073.4%
M. Christopher Doyle1,845,5095,088,410073.4%
Thomas Hodge Walker719,9201,984,968073.4%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Travis CountsPSU1,938—$88,896
Marianella FoschiPSU2,962—135,867
Travis CountsPSU4,843—222,148
Jeffrey KellyPSU6,281—288,109
Travis CountsPSU6,381—292,696
Travis CountsRSU6,783—311,136
Marianella FoschiPSU7,313—335,447
Jeffrey KellyPSU9,072—416,133
Travis CountsPSU11,262—516,588
Marianella FoschiPSU11,337—520,028
Thomas Hodge WalkerPSU11,411—523,423
Jeffrey KellyRSU12,509—573,788
Jeffrey KellyRSU14,655—672,225
Travis CountsRSU16,953—777,634
M. Christopher DoylePSU18,792—861,989
M. Christopher DoylePSU18,862—865,200
Thomas Hodge WalkerPSU21,923—1,005,608
Thomas Hodge WalkerRSU24,138—1,107,210
Marianella FoschiRSU25,597—1,174,134
Travis CountsRSU26,278—1,205,372
Marianella FoschiRSU26,452—1,213,353
Thomas Hodge WalkerRSU26,626—1,221,335
M. Christopher DoylePSU29,252—1,341,789
M. Christopher DoyleRSU66,014—3,028,062
M. Christopher DoyleRSU68,255—3,130,857
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Wouter van KempenIndependent · Board Chair$125,000$283,871$0—$0$408,871
Morris R. ClarkIndependent · Audit · Compensation25,000283,8710—0308,871
Carrie L. HudakIndependent · Audit · Sustainability · Compensation20,000283,8710—0303,871
Howard A. Willard IIIIndependent20,000283,8710—0303,871
Jeffrey E. WojahnIndependent · Compensation · Nominating and Corporate Governance · Sustainability15,000283,8710—0298,871
James M. TrimbleIndependent · Audit · Sustainability · Compensation · Nominating and Corporate Governance0283,8710—0283,871
Deborah ByersIndependent · Nominating and Corporate Governance · Sustainability0283,8710—0283,871
Carrie M. FoxIndependent · Nominating and Corporate Governance · Sustainability · Audit0283,8710—0283,871
M. Christopher DoyleEmployee director · Partial-year service—————0
Lloyd W. "Billy" Helms JrIndependent · Audit · Sustainability · Newly elected——————

Board fee structure and ownership guideline

Annual cash retainer$0
Annual equity retainer$300,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 15,000
Stock ownership guideline$1,500,000

Total cost of the board

ComponentFY2024
Cash retainers and fees$205,000
Equity awards (grant-date value)$2,270,968
All other compensation$0
Total cost of the board$2,475,968

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Civitas Resources as a peer

Companies that benchmark against CIVI

20 companies name CIVI as a compensation peer

The list of companies that name CIVI as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2024

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Civitas Resources, Inc names as compensation peers that name it back in their own disclosed peer groups.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Diamondback Energy, Inc.2025Kaes Van t Hof$1,109,500$11,101,462$0$2,676,350$14,931,423
2Coterra Energy Inc.2024Thomas Jorden1,198,55810,628,85002,500,00014,748,960
3Ovintiv Inc.2025Brendan McCracken1,185,0009,900,00502,136,75013,693,140
4Marathon Oil Corporation2023Lee Tillman1,200,0008,668,144—1,980,00012,830,222
5Devon Energy Corporation2025Clay Gaspar938,1259,633,68901,612,00012,566,384
6Permian Resources Corporation2025William Hickey III011,432,8420011,432,842
7Matador Resources Company2025Joseph Foran1,800,0004,222,40003,726,0009,775,611
8Chord Energy Corporation2025Daniel Brown850,0006,362,91001,275,0008,567,235
9Civitas Resources, Inc2024M. Christopher Doyle1,431,1506,933,919008,385,769
10Range Resources Corporation2025Dennis Degner932,5006,143,87701,128,0008,375,421
11Murphy Oil Corporation2025Eric Hambly950,0004,917,31501,324,0637,651,445
12CNX Resources Corporation2025Nicholas DeIuliis800,0003,000,02402,396,0007,420,318
13SM Energy Company2025Elizabeth McDonald576,3692,299,9950536,0244,475,172
14PDC Energy, Inc.2025Robert Gerrity570,0001,780,3170864,0003,214,317
—Southwestern Energy Company——————not in coverage universe

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Civitas Resources, Incnot disclosedPSU 70 · RSU 30Yes — Absolute TSRMeridian Compensation Partners, LLC
Chord Energy Corporationnot disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
CNX Resources Corporationnot disclosedRSU 50 · PSU 40 · ESG PSU 10not disclosednot disclosed
Coterra Energy Inc.174%PSU 50 · RSU 50Yes — Relative TSRF.W. Cook and Zayla Partners
Devon Energy Corporation124%PSU 60 · RSU 40Yes — Relative TSRMeridian Compensation Partners, LLC
Diamondback Energy, Inc.161%PSU 60 · RSU 40Yes — Total Stockholder Return (relative to TSR performance peer group)Meridian
Marathon Oil Corporation110%RSU 40 · FCF PSU 30 · TSR PSU 30NoMeridian Compensation Partners LLC
Matador Resources Companynot disclosedCash LTI 50 · PSU 50NoMeridian Compensation Partners, LLC
Murphy Oil Corporationnot disclosednot disclosednot disclosedMeridian Compensation Partners LLC
Ovintiv Inc.140%RSU 50 · PSU 50Yes — Relative TSRFW Cook
PDC Energy, Inc.not disclosedPSU 60 · RSU 40not disclosednot disclosed
Permian Resources Corporation150%PSU 100Yes — Relative TSRMeridian Compensation Partners, LLC
Range Resources Corporationnot disclosedPSU 60 · RSU 40Yes — Total Stockholder Return (TSR)Meridian Compensation Partners, LLC
SM Energy Company93%PSU 60 · RSU 40Yes — Absolute TSRFrederic W. Cook & Co., Inc.
Southwestern Energy Companynot disclosednot disclosednot disclosednot disclosed

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio

No say-on-pay vote is on file for this company.

CEO pay ratio

Ratio (CEO : median employee)48 : 1
CEO total compensation$8,385,769
Median employee compensation$175,040
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (49 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, M. Christopher Doyle. DEF 14A, filed 2025-04-21. Section “2024 Summary Compensation Table” · page 41. As printed: 8,385,769. View filing ↗
  • Section 01, Thomas Hodge Walker. DEF 14A, filed 2025-04-21. Section “2024 Summary Compensation Table” · page 41. As printed: 3,528,441. View filing ↗
  • Section 01, Marianella Foschi. DEF 14A, filed 2025-04-21. Section “2024 Summary Compensation Table” · page 41. As printed: 3,505,559. View filing ↗
  • Section 01, Travis Counts. DEF 14A, filed 2025-04-21. Section “2024 Summary Compensation Table” · page 41. As printed: 3,481,833. View filing ↗
  • Section 01, Jeffrey Kelly. DEF 14A, filed 2025-04-21. Section “2024 Summary Compensation Table” · page 41. As printed: 2,175,249. View filing ↗
  • Section 03, Jeffrey Kelly RSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Travis Counts RSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Marianella Foschi RSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, M. Christopher Doyle RSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Marianella Foschi PSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, M. Christopher Doyle PSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Travis Counts PSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffrey Kelly PSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Hodge Walker RSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Hodge Walker PSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2025-04-21. Section “CEO Pay Ratio”. As printed: 48 : 1. View filing ↗
  • Section 08, Wouter van Kempen. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 408,871. View filing ↗
  • Section 08, Morris R. Clark. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 308,871. View filing ↗
  • Section 08, Carrie L. Hudak. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 303,871. View filing ↗
  • Section 08, Howard A. Willard III. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 303,871. View filing ↗
  • Section 08, Jeffrey E. Wojahn. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 298,871. View filing ↗
  • Section 08, James M. Trimble. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 283,871. View filing ↗
  • Section 08, Deborah Byers. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 283,871. View filing ↗
  • Section 08, Carrie M. Fox. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 283,871. View filing ↗
  • Section 08, M. Christopher Doyle. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Lloyd W. "Billy" Helms Jr. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: —. View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 205,000 + equity 2,270,968 + all other 0 = 2,475,968, summed across the director compensation table rows.
  • Diamondback Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Diamondback Energy, Inc.'s own proxy. As printed: 14,931,423. View filing ↗
  • Coterra Energy Inc., Section 10b CEO total. DEF 14A, filed 2025-03-20. CEO total compensation as printed in Coterra Energy Inc.'s own proxy. As printed: 14,748,960. View filing ↗
  • Ovintiv Inc., Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Ovintiv Inc.'s own proxy. As printed: 13,693,140. View filing ↗
  • Marathon Oil Corporation, Section 10b CEO total. DEF 14A, filed 2024-04-10. CEO total compensation as printed in Marathon Oil Corporation's own proxy. As printed: 12,830,222. View filing ↗
  • Devon Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-05-28. CEO total compensation as printed in Devon Energy Corporation's own proxy. As printed: 12,566,384. View filing ↗
  • Permian Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Permian Resources Corporation's own proxy. As printed: 11,432,842. View filing ↗
  • Matador Resources Company, Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Matador Resources Company's own proxy. As printed: 9,775,611. View filing ↗
  • Chord Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Chord Energy Corporation's own proxy. As printed: 8,567,235. View filing ↗
  • Civitas Resources, Inc (subject), Section 10b CEO total. DEF 14A, filed 2025-04-21. CEO total compensation as printed in Civitas Resources, Inc's own proxy. As printed: 8,385,769. View filing ↗
  • Range Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Range Resources Corporation's own proxy. As printed: 8,375,421. View filing ↗
  • Murphy Oil Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Murphy Oil Corporation's own proxy. As printed: 7,651,445. View filing ↗
  • CNX Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in CNX Resources Corporation's own proxy. As printed: 7,420,318. View filing ↗
  • SM Energy Company, Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in SM Energy Company's own proxy. As printed: 4,475,172. View filing ↗
  • PDC Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in PDC Energy, Inc.'s own proxy. As printed: 3,214,317. View filing ↗
  • Section 10a, SM Energy Company reciprocity. DEF 14A. SM Energy Company names Civitas Resources, Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Ovintiv Inc. reciprocity. DEF 14A. Ovintiv Inc. names Civitas Resources, Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Chord Energy Corporation reciprocity. DEF 14A. Chord Energy Corporation names Civitas Resources, Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Matador Resources Company reciprocity. DEF 14A. Matador Resources Company names Civitas Resources, Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Permian Resources Corporation reciprocity. DEF 14A. Permian Resources Corporation names Civitas Resources, Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Range Resources Corporation reciprocity. DEF 14A. Range Resources Corporation names Civitas Resources, Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
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