# The bulk of Jim Flores’s compensation was from more than $69 million in stock awards, in addition to a $1.3 million salary and $3.9 million bonus.

*business · news · 2026-05-01 · The Mercury News*

## Key points

- Sable Offshore CEO Jim Flores received a $76 million pay package in 2025 despite no crude sales.
- Flores's $69 million stock award dwarfed compensation for Exxon and Chevron CEOs, whose firms were profitable.
- Sable's share price dropped 61% in 2025 amid delayed production and federal investigation into disclosure practices.
- In March, President Trump used a war-time law to force Sable's oil production, overruling California opposition.
- Sable paid $540,000 to Holland & Knight, a law firm linked to the White House, in early 2026.

**Companies:** Exxon Mobil, Chevron Corp., Sable Offshore Corp.
**Countries:** United States

[Read the full story on The Mercury News](https://www.mercurynews.com/2026/05/01/california-oil-driller-that-sold-no-crude-paid-ceo-76-million/)

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