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Halliburton CEO Miller’s total compensation jumped 75% in 2020 to more than $22 million

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Halliburton Co.
HAL,
+0.80%

disclosed Tuesday in its proxy statement that Chief Executive Jeffrey Miller’s total 2020 compensation rose 75% from the year before, as big increases in stock awards and non-equity incentive pay offset a dip in salary. Miller’s base pay fell to $1.30 million in 2020 from $1.50 million in 2019, but total compensation increased to $22.32 million from $12.75 million. The value of stock awards grew to $9.69 million from $3.58 million and non-equity incentive plan compensation rose to $9.56 million from $5.73 million. The oil services company’s stock tumbled 22.8% in 2020 after falling 7.9% in 2019. In comparison, the VanEck Vectors Oil Services ETF
OIH,
+0.52%

tumbled 41.9% in 2020 and crude oil futures
CL00,
+1.94%

shed 20.5% while the S&P 500
SPX,
+0.17%

gained 16.3%.

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