Latest Insights & Industry Trends

We have completed our annual midstream and upstream compensation surveys and recently released the results. Once again, this year’s responses revealed interesting findings in these sectors. Below we share notable takeaways from each survey.

Midstream Survey

• The median 2023 projected salary increase budget for all employees is 3.5%.
• The most commonly used financial and operational metrics for annual incentive plans are EBITDA and HSE (TRIR and ESG), respectively.
• The most commonly used financial metric for long-term incentive plans is TSR.
• 43% of respondents accelerate vesting of equity in the event of a change-in-control with a qualifying termination.

Upstream Survey

• The median 2023 projected salary increase budget for all employees is 4.0%.
• The most commonly used financial and operational metrics for annual incentive plans are Free Cash Flow and HSE (TRIR and ESG), respectively.
• The most commonly used financial metric for long-term incentive plans is TSR.
• 50% of respondents accelerate vesting of equity in the event of a change-in-control with a qualifying termination.

Contact us for more information or to sign up for next year’s surveys.